bankmade Wednesday, 05/09/18 12:06:56 PM Re: None Post # of 570 8. On the Effective Date, Debtor shall cancel all outstanding equity securities,including stock, options and warrants, and complete such regulatory requirements to delist Debtor’s securities from the public market. The members of a board of directors can authorize the repurchase of shares by the company. The bylaws may require the shareholders to approve this action, as a buyback means spending the company's cash. In order to cancel shares, the company must first redeem them by paying the current price on the public stock exchange. A redemption of shares reduces the number of outstanding "issued" shares available to public investors, also known as the float. https://budgeting.thenest.com/happens-value-issued-stock-common-stock-redeemed-canceled-32057.html Panic buy high, wait, sell very low. Repeat to make others rich.