Replies to post #41735 on Third Bench Inc (THBD)

[trader53]

NECA - Retiring 111,000,000 shares


Thu Dec 8, 2016

NECA - Transition into A Holdings Company

NECA - New America Energy Corp.
Announces Transition into A Holdings Company


CEO Jeffrey Canouse
The Company should become a Holdings Company.

My goal is to begin delivering acquisitions
that immediately reflect a rapid increase
in NECA's top and bottom-line revenues.

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Stage 1:
The Company commits to a One Billion shares reduction
and a 90-day standstill agreement with creditors.

All paperwork has been submitted to the Nevada SOS
to complete the One Billion share reduction.

Our creditors remain committed to the agreement.

Beyond the 90-day time-period
The Company is hopeful to lean on non-dilutive
revolving-credit financing
for the majority of funding needs.

Stage 2:
The Company commits to retiring 111,000,000 shares
from the O/S.

We have been working with our Transfer Agent
to return these shares back to treasury.

Our Transfer Agent remains open and ungagged
and the O/S should soon reflect the retirement.

Additionally, The Company's window
to buy back shares on the open market remains open.

Stage 3:
The Company will soon be a legal Holdings Company.

https://finance.yahoo.com/news/america-energy-corp-otc-neca-133000727.html?.tsrc=rss

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