Posted On: 06/22/2014 4:35:19 PM
Post# of 56324
Bubbatri, to my knowledge reverse split is completely different than cancelling shares.....
How to Cancel Shares in a Public Company
By James Collins, eHow Contributor
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How to Cancel Shares in a Public Company thumbnail To cancel shares, the company must first buy them back.
Companies issue shares of stock to raise capital. Each share of stock represents an ownership stake in the company. The company is referred to as a "public company," because shares can be purchased and owned by the public. A company that wants to cancel shares of its own stock must buy back those shares from the public before they can retire them. The process is not difficult, but certain rules must be followed to avoid fraud.
Read more : http://www.ehow.com/how_6930178_cancel-shares...mpany.html
How to Cancel Shares in a Public Company
By James Collins, eHow Contributor
Share
Print this article
How to Cancel Shares in a Public Company thumbnail To cancel shares, the company must first buy them back.
Companies issue shares of stock to raise capital. Each share of stock represents an ownership stake in the company. The company is referred to as a "public company," because shares can be purchased and owned by the public. A company that wants to cancel shares of its own stock must buy back those shares from the public before they can retire them. The process is not difficult, but certain rules must be followed to avoid fraud.
Read more : http://www.ehow.com/how_6930178_cancel-shares...mpany.html
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