Replies to post #17584 on Movement Industries Corp (MVNT)

[SooS416]

And that is bad? That is fantastic, turn $46k in the ability to raise $12M, how is that bad again? We simply go back to a very reasonable 500M shares O/S and they have $12M in equity to increase assets and revenues.

You are making a case as to why it is very smart and beneficial move

[peterpeter]

The company can retire the securities.In order to retire stock, the company must first buy back the shares and then cancel them. Shares can not be reissued on the market, and are considered to have no financial value. They are null and void of ownership in the company.



https://www.otcmarkets.com/stock/VSHC/news/Visual-Healthcare-Corp-OTC-VSHC-Announces-Share-Exchange-Agreement-and-Planned-Retirement-of-230-Million-Shares-of-Commo?id=226456
Visual Healthcare Corp. (OTC: VSHC) Announces Share Exchange Agreement and Planned Retirement of 230 Million Shares of Common Stock
Press Release | 04/30/2019
Transaction to Result in 43% Reduction of Outstanding Common Shares

Houston, TX, April 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Visual Healthcare Corp. (OTC PINK: VSHC) announces today that a share exchange agreement has been signed for the return to the company of 230 million shares of Visual Healthcare Corp. common stock. The shares were initially issued to Ithaca Scientific Ventures, Inc. and were pledged as collateral on a loan to a third party. Mr. Gerard Dab, former CEO of Visual Healthcare Corp. and current CEO of VisualMED Clinical Solutions Corp., was instrumental in facilitating the transaction between the two parties. The company plans to cancel the shares once the transaction is complete.


$VSHC