550,811,833 Common Stock Equivalents Returned to 141 Capital, Inc.’s Treasury
CHICAGO--(BUSINESS WIRE)--141 Capital, Inc. (OTCPK: ONCP).
141 Capital announced today that 141 Futures, LLC, a limited liability company, that was owned by the principals of 141 Capital, Inc. has returned 10,141 shares of 141 Capital’s Series A Convertible Preferred Stock to 141 Capital. In addition, the Board of Directors cancelled an additional 200,000 shares of Series A Preferred. The Preferred Stock contributed and cancelled will be returned to 141's treasury.
Errol Stone stated, “The contribution and cancellation of these Series A Preferred shares represents tangible value to our shareholders. If all of the 210,141 preferred shares were converted into 141 Capital’s common stock on September 30, 2009, the Company would have been obligated to issue 550,811,833 shares of common stock to 141 Futures and others.”
About 141 Capital, Inc. (www.141capital.net)
141 Capital, Inc., is a publicly traded company based in Chicago. Its primary operations involve commodity trading for its own account utilizing trading systems for trading financial products listed on the world's derivatives exchanges.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
141 Capital encourages its shareholders to email any and all questions and suggestions. We usually respond to questions after business hours and understand it may take several days to receive a response. Email: info@141capital.net.
Contacts
141 Capital, Inc.
Errol Stone, CEO
312-788-8271
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