SFLMaven CEO Returning 300 Million Common Shares to Treasury as Initial Step in New Shareholder Protection Initiative
Press Release | 04/22/2022
FORT LAUDERDALE, FL, April 22, 2022 (GLOBE NEWSWIRE) -- SFLMaven Corp. (OTC Pink: SFLM), ("SFLMaven" or the "Company") (www.sflmaven.com), a leading provider of high-end luxury goods, is pleased to announce that the Company’s CEO, Joseph Ladin, is voluntarily returning 300 million shares of common stock to the Company’s treasury as an initial step in the Company’s newly initiated shareholder value protection campaign.
The move is designed to reduce outstanding shares to protect SFLMaven shareholders from dilution risk.
“As our financial reality has shifted over recent months, we have an opportunity to drive value for our shareholders in many ways, including proactive measures designed to eradicate dilution risk,” stated Ladin. “As an initial step, I will voluntarily return 300 million shares of common stock to our treasury, thereby reducing total outstanding shares by 15%, which directly helps our other shareholders access value as the supply of shares drops and the potential for those shares to come into the market as share sales is eliminated.”
Management notes that it is committed to establishing a shareholder-friendly relationship with its common stockholders. Cash flows derived directly from operations so far in 2022 have granted the Company room to tighten up its capital structure.
Additional proactive measures targeting this agenda will be announced in future communications.
Visit the Company’s eBay store (www.ebay.com/str/sflmavenantiquesjewelryfineart) for more information or to participate in SFLMaven’s upcoming Famous Thursday Night Auction event.
Follow SFLMaven on social media:
Twitter: @sflmaven
Instagram: sflmaven
About SFLMaven
SFLMaven Corp. (OTC Pink: SFLM) is a premium provider of high-end luxury goods to a global base of discerning patrons. Famous for its Thursday Night Auction events on its top-rated eBay store, SFLMaven has driven over $140 million in sales since inception, earning more than 100k positive reviews along the way. For more information, please visit the Company's website at www.sflmaven.com.
All my posts are based on my opinion. Do not buy, sell, trade any stock based on my posts. Do your own due diligence before making any transaction.
