Who cares. How about news on this decade ? Like today Huge MLHC news!!!!
M Line Holdings, Inc. Reduces Authorized Capital by 2,500,000,000 Shares
GlobeNewswire•October 16, 2018
Costa Mesa, CA, Oct. 16, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- M Line Holdings, Inc. (OTC Pink: MLHC; "M Line" or the “Company”), is reducing the Shares of the Corporation’s Authorized Capital that may be issued by two and a half Billion (2,500,000,000) Shares. This is the equivalent of one third (1/3) of the Authorized Stock of the Company.
Tony Anish, CEO of M Line stated: “We have stated publicly that we are taking a stand to protect the Company from dilution and this action is another step to achieve that goal. At some time in the future we may need to issue additional restricted stock for acquisitions or new financing (not convertible debt) but should that occur we will inform our shareholders.
“We are in the process of finalizing the appointment of Transfer Online as our new agent. It is Transfer Online’s policy to keep shareholders informed by working together with OTC markets through their Share Verification program. As a result, our Issued and Authorized shares will be updated weekly automatically by OTC Markets. Consequently, our shareholders will be able to see current updated information. In the near future, there will be increases in restricted shares of stock issued to the Directors in lieu of salaries.”
Tony continued: “I want to confirm that OTC Markets has been paid. We anticipate uploading our current financial Statements, disclosure information and attorney letter and expect to be current very soon. I will continue to be as transparent as possible with a view to Increasing Shareholder Value for our shareholders. Stay tuned for more news.”
About M Line Holdings, Inc.
M Line is a holding Company with subsidiaries involved in the Beverage Branding and Distribution industry as well as the Food and Beverage distribution business and now has introduced its first acquisition in the Cannabis Industry with our C-Pod manufacturing business. In addition, M Line will continue with its business financing activities while looking for other opportunities in the Beverage, Distribution and Cannabis industries as well as other prospects that make sense to management.
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