RMD Entertainment (RMDM) to Retire 1.7 Billion Shares to Treasury And Asset Purchase (MONA)
In related news, management will be vigorously pursuing similar action in regards to 2 other consultancies who were compensated with about 3.5 billion shares of common stock, but failed to deliver the services for which they received compensation.
Ms. Liu Jun, spokesperson in charge of business affairs, noted; "We want to put our house in order and protect the interests of our shareholders from past managements transactions which increased the number of shares outstanding, but for which the Company did not receive value.
How I read this PR, fail to deliver is a proof good enough to have the litigation won and the shares returned to treasury.
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