"The surrender of shares from prior management is one of a number of initiatives we are undertaking to improve the overall capital structure."
Anyone have a clue as to why prior mgmt. would just gladly hand over 3 billion shares? Whats the catch? What does prior mgmt. get for their 3 billion shares?
The value of 3 b shares even at .001 is 3 million bucks.Do they get some kind of compensation?
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