$UCSO CONFERENCE CALL BLOCKCHAIN INC. NEXT WEEK:
TAMPA, Fla., Feb. 20, 2018 (GLOBE NEWSWIRE) -- United Consortium Ltd. (OTC PINK:UCSO), an acquisition and development Company focused on creating shareholder value by identifying and monetizing opportunities in Blockchain, Digital Media and the Emerging Cannabis Space, today announced that its CEO will cancel 20 Million shares of common stock. Further, UCL today confirmed that there will be no reverse splits of its common stock in 2018.
UCL Chairman and Chief Executive Officer Scott Gallagher stated, “We’re expecting big things in 2018. Keeping our capital structure in line to facilitate growth and increased shareholder value will be an important part of our success as a public Company going forward. By converting 20 Million common shares of mine to preferred stock we’ve immediately increased the ownership value of each common shareholder.” Gallagher continued, “There will be no reverse stock splits in 2018 either. I think it’s important our shareholders know their investment in our Company will not be wiped via a reverse stock split. I look forward to discussing the exciting opportunities regarding our wholly owned subsidiary Blockchain, Inc. on our investor call next week.”
