Posted On: 08/12/2015 12:55:02 PM
Post# of 35765
$CGRW filed an Amendment that will decrease the Authorized common stock of CannaGrow Holdings, Inc. from 500 Million shares to 300 Hundred Million shares with an effective date of September 22, 2015.
"We believe reducing the authorized common stock the Company is able to issue will enhance the shareholder value and build investor confidence. Over the last fourteen months the company has reduced its authorized shares three times.
We strongly believe maintaining a non-dilutive share structure is fundamental to building and maintaining shareholder value. There have been no free trading shares issued by the company since June 30, 2014. The Company does not anticipate new issuances of free trading stock nor any conversations of convertible notes over the next twelve months." said Delmar Janovec, CannaGrow CEO.
http://finance.yahoo.com/news/cannagrow-holdi...00526.html
"We believe reducing the authorized common stock the Company is able to issue will enhance the shareholder value and build investor confidence. Over the last fourteen months the company has reduced its authorized shares three times.
We strongly believe maintaining a non-dilutive share structure is fundamental to building and maintaining shareholder value. There have been no free trading shares issued by the company since June 30, 2014. The Company does not anticipate new issuances of free trading stock nor any conversations of convertible notes over the next twelve months." said Delmar Janovec, CannaGrow CEO.
http://finance.yahoo.com/news/cannagrow-holdi...00526.html
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