Item 3.03 Material Modification to Rights of Security Holders
The Company will use debt to employ a leveraged buyback program, and has, at present, no plans for a reverse stock split.
The stock buyback program will allow the Company to repurchase shares of the Company’s common stock. The frequency and amount of the stock buyback will be determined by U.S. Securities and Exchange Commission (SEC) regulations and revenue.
A stock buyback occurs when a company buys back its shares from the marketplace. The effect of a buyback is to reduce the number of outstanding shares on the market, which increases the ownership stake of the stakeholders. Companies usually buy back shares because it believes the market has discounted its shares too steeply, to invest in itself or to improve its financial ratios.
News 
Market Data 
Discover 
