OTC updated on the SEVENth & this PR is on the 13th.
Company CEO Retires 1/3 of Personal Holdings and 20% of Total Authorized Shares
EL DORADO HILLS, CA--(Marketwired - Feb 13, 2014) - MyECheck, Inc. (OTC Pink: MYEC), a provider of payment data processing services, announced today that it will retire 1,000,000,000 shares of its common stock after a share buy back at par value from the largest shareholder and Company Founder & CEO, Edward Starrs. The total compensation for the buy back was $10,000, which is the sum of 1,000,000,000 shares at the par value of $0.00001.
The MyECheck Board of Directors has approved the retirement of the one billion shares, which reduces the total number of issued and outstanding shares by the same number.
