InvestorsHub Logo
icon url

dshade

07/12/11 11:01 AM

#18023 RE: El_Lobo #18020

Correct. Share structure same as it has been for months
icon url

Lochan

07/12/11 11:02 AM

#18024 RE: El_Lobo #18020

Referring to the retirement of 1.2B shares of common stock, EXTO explained:

"The board accepted the retirement of shares in order to position the Company for a number of acquisitions that can strengthen the Company and shareholder value. The Company presently has just under 541 million shares of common stock outstanding, with 479 million shares in the float."

It sounds like a portion of the retired shares could be reissued for the purpose of acquiring of Bayport.