Expo Holdings Inc. (EXPH)

[Acc441]

SBB..it's all semantics....the individual shares retired stay retired...however the available Authorized increases in equal increment.

example:


8/2/2011 Company - 1000 A/S

8/3/2011 Company issued 500 shares...this leaves 500 shares now outstanding and 500 available for issue in the A/S.


8/4/2011 Company purchases then "retires" 200 previously issued and outstanding shares.....this leaves 300 shares outstanding and 700 available for issue.


If they were Returned to the Treasury as opposed to "Retired" then these SAME shares can be re-issued.

A neat trick pulled by scamming insiders is where they have the company purchase the very same shares they hold...restrictions and all!