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Thursday, December 14, 2017 10:14:54 AM
So now they will be sold to "offset any potential dilution" sounds like.
No where in the PR did it say they will be "sold". The shares were returned to the treasury, so they cannot be sold. And yes, offsetting the dilution is a good thing, not a bad thing.lol Share reduction is a great thing.
PORTLAND, Ore., Dec. 14, 2017 (GLOBE NEWSWIRE) -- PDX Partners, Inc. ("PDXP") (OTC PINK:PDXP) a Telecom company, announces that the CEO of the company has recently returned 300,000,000 shares of his common stock to the companies treasury. "We have decided to further decrease the number of shares issued and outstanding to further enhance Net Stock Holder Equity and to offset any potential dilution we are facing right now over the market due to the reduction of debt from our balance sheet, ", said Johnson.
Also reduces the O/S. All good!! I guess the market doesn't realize it yet.lol
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