News Focus
News Focus
Followers 114
Posts 9592
Boards Moderated 2
Alias Born 09/05/2007

Re: itlogic post# 12603

Monday, 11/03/2008 3:11:26 PM

Monday, November 03, 2008 3:11:26 PM

Post# of 46830
itlogic the A/S number would be unchanged by returning stock to the treasury.

Example: 5 billion A/S and 5 billion O/S. 1.7 billion reaquired by the company and moved to the treasury. A/S remains the same but O/S would decrease by 1.7 billion to 3.3 billion.

Now, if RMDM was to cancel those shares they could decrease the A/S by 1.7 billion. That requires an amendment to the articles of incorporation.

While in the treasury thos shares are able to be resold by the company at any time without affecting the A/S count.

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent TCRI News