$SIRC up 10% on20M share retirement news Cannabis Harvest 2019 is Upon Us, Ahead of 2020 California Solar Industry Boost; Spotlight on Solar Integrated Roofing Canceling 20M shares https://www.marketwatch.com/press-release/cannabis-harvest-2019-is-upon-us-ahead-of-2020-california-solar-industry-boost-spotlight-on-solar-integrated-roofing-canceling-20m-shares-2019-09-10?mod=mw_quote_news Solar Integrated Roofing Corporation CEO Announces Retirement of 20 Million Shares https://finance.yahoo.com/news/solar-integrated-roofing-corporation-ceo-093000372.html
GlobeNewswire•September 10, 2019
POWAY, Calif., Sept. 10, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Solar Integrated Roofing Corporation (OTC PINK: SIRC) announced today that the Company is retiring 20 million of its common shares.
Dave Massey, CEO of SIRC, commented, "We are in a period of aggressive and unprecedented growth at SIRC and are committed to keeping the outstanding share count at a level to increase shareholder value."
Massey continued, "our plan calls for the issuance of stock to complete certain acquisitions. In order to maintain shareholder value, I am directing the retirement of 20 million of my personal shares in the company."
Finally, Massey commented, "I want to ensure current and future shareholders' are not diluted by the issuance of shares to complete the growth by acquisition plan. I can think of no better way to demonstrate to our shareholders and to the market, the absolute faith and optimism I have in the company and our strategy."
About Solar Integrated Roofing Corporation
Solar Integrated Roofing Corporation (SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit: