AI
Wednesday, June 29, 2011 2:04:22 PM
This course of action will involve the retirement of the 450,000,000 shares held by the parent company in exchange for the creation of a non-convertible, voting only, Preferred class of stock. After this step, the authorized share count would again be lowered. Shareholders will be updated as this process is implemented. It must be said that our Company has no plans to issue any stock, save for any transactions or any possible mergers or acquisitions that are presented to our Board and deemed to increase the value of our Company; we are looking to reward shareholders moving forward."
that will make for a pretty tight O/S & float dontcha' know.
Join the InvestorsHub Community
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
