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Posted On: 04/09/2018 10:16:39 AM
Post# of 4528
$MEDH MedX Holdings, Inc. (MEDH) Announces Shareholder Update of Share Structure
News Out this Morning
CHEYENNE, Wyo., April 09, 2018 (GLOBE NEWSWIRE) -- MedX Holdings, Inc. (OTC Pink:MEDH) through unanimous vote from a Special Board of Directors meeting has Cancelled and Retired 150 Million Common shares from the Authorized Share count effective immediately. Please visit http://soswy.state.wy.us/ for further information.
Additionally, 98,117,200 Restricted Shares were surrendered by Kathleen Roberton to Mark Miller per the Management Agreement that was executed in December of 2017. Those shares were transferred into the New CEO Mark Miller’s name and remain restricted.
Mr. Miller stated, “This share reduction helps put to rest some legacy issues from previous management that reaffirms our commitment to build investor and shareholder value. Any assets leased or owned by the past owners has nothing to do with the current state of events or assets held by MedX Holdings presently. At this point, in weighing our options, we are discussing with our accountant and attorney what our capacity will be to cancel and retire shares from the OS by 30 to 50 Million. This may require the issuance of an E Class Share to secure sole voting rights, but we have not yet crossed that bridge.”
Follow us on Twitter @MedX_Holdings
Chart Update:
News Out this Morning
CHEYENNE, Wyo., April 09, 2018 (GLOBE NEWSWIRE) -- MedX Holdings, Inc. (OTC Pink:MEDH) through unanimous vote from a Special Board of Directors meeting has Cancelled and Retired 150 Million Common shares from the Authorized Share count effective immediately. Please visit http://soswy.state.wy.us/ for further information.
Additionally, 98,117,200 Restricted Shares were surrendered by Kathleen Roberton to Mark Miller per the Management Agreement that was executed in December of 2017. Those shares were transferred into the New CEO Mark Miller’s name and remain restricted.
Mr. Miller stated, “This share reduction helps put to rest some legacy issues from previous management that reaffirms our commitment to build investor and shareholder value. Any assets leased or owned by the past owners has nothing to do with the current state of events or assets held by MedX Holdings presently. At this point, in weighing our options, we are discussing with our accountant and attorney what our capacity will be to cancel and retire shares from the OS by 30 to 50 Million. This may require the issuance of an E Class Share to secure sole voting rights, but we have not yet crossed that bridge.”
Follow us on Twitter @MedX_Holdings
Chart Update:
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