Replies to post #522 on Global Gateway Media & Comm. (fka GGMC)

[purdue]

This is very good news. What will the float be after these are retired?

[SilverEagle]

I think it was a great news!

[SilverEagle]

Hi JimsZ,
Yesterday's news was quite amazing in my opinion.
Do you know whether company retired public float or restricted shares?

"ZCOM NETWORKS, INC. (PINKSHEETS: ZCMN), a publicly traded company, announced today that the company is retiring 500,000,000 shares of common stock back to its treasury. This action effectively reduces the total issued and outstanding common shares by 500,000,000 shares, in line with the company's strategy to enhance shareholder value. "We are taking appropriate actions to enhance shareholder value and today's announcement is in line with this strategy. We believe our current price per share is undervalued and we will continue our best efforts to increase the company's valuation through such measures as we implement our overall plan of growth," said CEO Dr. Alex Parsinia."