Wednesday, April 04, 2007 6:50:08 AM
Buzz Technologies, Inc. Feb. 12, 2007 (OTC:BZTG.pk) has entered into a private transaction to acquire 70 million shares of common stock from a shareholder. The shares acquired from the shareholder will be held by the company as treasury stock.
Definition of TREASURY STOCK: stock reacquired by a corporation to be retired or resold to the public. Treasury stock is issued but not outstanding, and is not taken into consideration when calculating earnings per share or dividends, or for voting purposes
The next PR, the next day 2/13 states they...
Buzz Technologies, Inc. Feb. 13, 2007 (PINK SHEETS:BZTG), China Plus and China Plus subsidiaries have entered into an agreement where China Plus will purchase 70 million shares of common stock (the company recently purchased the 70m shares from another Buzz Technologies, Inc. shareholder) from Buzz Technologies, Inc.
Nothing says they are retiring the 70 million shares. So when I keep seeing posters saying they have called the TA asking about said 70 million shares that's not going to happen. At this point BZTG will hold these shares until the second PR and what it says takes affect, the price hits $0.124.
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