Thursday, August 31, 2017 3:58:04 AM
ADTM - Prudent to Decrease the Authorized Shares
Our board of directors believes that it is prudent
to decrease the authorized number of shares
of our common stock
from 14,000,000,000 shares to 200,000,000 shares
in order to reduce our tax liability
while maintaining an adequate reserve
of authorized but unissued shares
to save time and money in responding to future events
requiring the issuance of additional shares
of our common stock,
such as acquisitions or equity offerings.
The board of directors has adopted
an amendment and restatement
of our Certificate of Incorporation
to decrease the number of authorized shares
of our common stock
from 14,000,000,000 shares to 200,000,000 shares.
The decrease in the number of authorized shares
will have the effect of preventing the Company
from issuing or reserving shares of common stock
as applicable, in excess of the amounts
provided in the proposed amendment
to the Company’s Amended and Restated
Certificate of Incorporation.
In order to reduce our tax liability,
our board of directors has determined that
it is in our best interest
and that of our stockholders
to amend our Certificate of Incorporation
to decrease the number of authorized shares
of our common stock.
All Authorized but unissued shares of our common stock
will be available for issuance from time to time
for any proper purpose approved by our board of directors
including issuance in connection with stock-based
employee benefit plans.
_______________________________________________________________
Amended & Restated Articles
Actions\Amendments
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=OYKLULI9sfbxw%252fgdGmzMzQ%253d%253d&CorpName=ADAPTIVE+MEDIAS%2c+INC.
_______________________________________________________________
Authorized Shares
the maximum number of shares
the corporation is legally permitted to issue
When a company repurchases its own stock
the outstanding shares decrease.
Outstanding Shares cannot exceed total Authorized Shares.
https://www.upcounsel.com/authorized-shares
_______________________________________________________________
Guide to Share Repurchase
A share repurchase is a program by which
a company buys back its own shares from the marketplace,
usually because management thinks the shares are undervalued, reducing the number of outstanding shares.
The company buys shares directly from the market
or offers its shareholders the option
of tendering their shares directly to the company
at a fixed price.
Because a share repurchase
reduces the number of shares outstanding,
it increases earnings per share
and elevates the market value of the remaining shares.
After repurchase, the shares are canceled
or held as treasury shares,
so they are no longer held publicly
and are not outstanding.
* Reasons for a Share Repurchase
* Benefits of a Share Repurchase
http://www.investopedia.com/terms/s/sharerepurchase.asp
_________________________________________________________________
Our board of directors believes that it is prudent
to decrease the authorized number of shares
of our common stock
from 14,000,000,000 shares to 200,000,000 shares
in order to reduce our tax liability
while maintaining an adequate reserve
of authorized but unissued shares
to save time and money in responding to future events
requiring the issuance of additional shares
of our common stock,
such as acquisitions or equity offerings.
The board of directors has adopted
an amendment and restatement
of our Certificate of Incorporation
to decrease the number of authorized shares
of our common stock
from 14,000,000,000 shares to 200,000,000 shares.
The decrease in the number of authorized shares
will have the effect of preventing the Company
from issuing or reserving shares of common stock
as applicable, in excess of the amounts
provided in the proposed amendment
to the Company’s Amended and Restated
Certificate of Incorporation.
In order to reduce our tax liability,
our board of directors has determined that
it is in our best interest
and that of our stockholders
to amend our Certificate of Incorporation
to decrease the number of authorized shares
of our common stock.
All Authorized but unissued shares of our common stock
will be available for issuance from time to time
for any proper purpose approved by our board of directors
including issuance in connection with stock-based
employee benefit plans.
_______________________________________________________________
Amended & Restated Articles
Actions\Amendments
http://nvsos.gov/sosentitysearch/corpActions.aspx?lx8nvq=OYKLULI9sfbxw%252fgdGmzMzQ%253d%253d&CorpName=ADAPTIVE+MEDIAS%2c+INC.
_______________________________________________________________
Authorized Shares
the maximum number of shares
the corporation is legally permitted to issue
When a company repurchases its own stock
the outstanding shares decrease.
Outstanding Shares cannot exceed total Authorized Shares.
https://www.upcounsel.com/authorized-shares
_______________________________________________________________
Guide to Share Repurchase
A share repurchase is a program by which
a company buys back its own shares from the marketplace,
usually because management thinks the shares are undervalued, reducing the number of outstanding shares.
The company buys shares directly from the market
or offers its shareholders the option
of tendering their shares directly to the company
at a fixed price.
Because a share repurchase
reduces the number of shares outstanding,
it increases earnings per share
and elevates the market value of the remaining shares.
After repurchase, the shares are canceled
or held as treasury shares,
so they are no longer held publicly
and are not outstanding.
* Reasons for a Share Repurchase
* Benefits of a Share Repurchase
http://www.investopedia.com/terms/s/sharerepurchase.asp
_________________________________________________________________
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