Hell yeah it has man!! Ok I need u to read this, and ask yourself, WTF? DRMCD put out a PR a couple days ago that has a little of everything a shareholder would wanna see I guess we will see if it's legit by how the stock trades in coming days.. 55M OS new symbol will be ZRZH:
Zerez Holdings's (DRMCD) Builds Net Stockholder Equity
Apr 25, 2016 OTC Disclosure & News Service
Laguna Hills, CA -
Zerez Holdings's (DRMCD) Builds Net Stockholder Equity
Zerez Holding’s (OTC: DRMCD) CEO Juan Carlos Murga announces that DRMCD will begin implementation of a new plan to get the Company on a fast track to the build Net Stock Holder Equity.
The Company has maintained its public disclosure on OTC Markets by remaining current in its reporting obligations. Corporately, DRMCD has also amended its Articles of Incorporation and Corporate Bylaws to create various series of Anti-Dilutive Convertible Preferred Shares to protect its majority stakeholders. These securities will soon become available to the common shareholders.
The mandate, moving forward, is to start reorganizing the debt on the balance sheet, so that the company is debt free. The next part of the plan is to enhance the Net Stock Holders Equity in the Company by acquiring profitable businesses and or assets, using the Convertible Preferred Stock as currency.
The Company has recently finished a Reverse Split.
“Shares are available to the Transfer Agent as of now,” says Murga. “In the 1-for-100 Reverse Stock split, every 100 shares of issued and outstanding common stock will be converted into one share of issued and outstanding common stock. If that number falls below 100, the share amount will be rounded up to 100.”
Details of the Reverse Split:
DRMCD stockholders should have received instructions from its transfer agent, Action Stock Transfer Corp. as to procedures for exchanging existing stock certificates for new certificates or book-entry shares and for the receipt of cash proceeds in lieu of fractional shares.
FINRA has announced this corporate action requested by Zerez Holdings and Action Stock Transfer Corp. on 4/11/2016.
1:100 reverse split
New CUSIP: 989470109
New Ticker: ZRZH
Current Shares Outstanding (as of April. 20th, 2016): 54,525,865
Transfer Agent responsible to process corporate action: Action Stock Transfer Corporation
Juan Carlos Murga, CEO of Zerez Holdings says, “This new plan is absolutely necessary in order to attract investment into DRMCD. We will also be able to restore investor confidence, if we commit ourselves to remove affiliate & non-affiliate debt, and build net stockholders equity on the balance sheet. This is a process that we are committed to forging ahead with, our resolve to complete those tasks are a function of effort, teamwork and time”.
He further states, "We have a team of very qualified professionals that will implement this strategy and our mandate, moving forward, while we add credible accounting and legal representation to make good on this Agenda. Additionally, DRMCD will seek to have more of a transparent dialogue with its investors, as to the clarity of implementing those objectives. As we meet certain milestones, the investment community will be made more thoroughly aware through public disclosure and record."
About ZEREZ Holdings Corp: Zerez Holdings is an Oklahoma corporation with its headquarters office located in Laguna Hills, California. In 2016, the Company has embarked upon a change of business direction into a Holding company. Please visit http://www.zerezholdings.com/
Safe Harbor: Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.
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