Also considered why ETEK was looking into retiring 1.5B shares THEN; "We previously made a statement about returning surplus shares of $ETEK. Unfortunately, upon looking further into the matter, all the authorized unissued shares are on reserve and can not be retired".
We previously made a statement about returning surplus shares of $ETEK. Unfortunately, upon looking further into the matter, all the authorized unissued shares are on reserve and can not be retired.
Then to reiterate per ETEK; "Shares on reserve are not shares owned by the entity that put them on reserve. They are not owned and can not be sold. They are essentially locked"
It's good that you mentioned this here, although it would have been better phrased as a question rather than a statement. Shares on reserve are not shares owned by the entity that put them on reserve. They are not owned and can not be sold. They are essentially locked.