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Posted On: 01/09/2019 9:04:41 AM
Post# of 106588
$IBGR: NEWS JUST OUT~~Nexus Energy Reduces O/S and A/S After CEO Returns 150 Million Shares to Treasury
PALO ALTO, Calif., Jan. 09, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Nexus Energy Services, Inc. (OTCPINK: IBGR), an application development company, today announced that it has reached an agreement with its CEO and President, Ron Minsky, to convert 150 million common shares held by Mr. Minsky into Preferred Series “D” shares. This will leave just over 140 million common shares issued and outstanding. In concert with this agreement, the company will file an amendment with the Nevada Secretary of State to reduce the total number of shares authorized to 350 million.
Mr. Minsky, commented, “I was not about to divest myself of any stock in the foreseeable future anyway, and after discussing the matter with newly appointed Corporate Advisor, George Sharp, we agreed that these shares were best used for the future funding of the company.”
About Nexus Energy Services, Inc. (OTC: IBGR)
Nexus Energy Services, Inc. is an application development company which will soon announce a significant project in the real estate sector.
https://www.otcmarkets.com/stock/IBGR/news/st...id=1256221
PALO ALTO, Calif., Jan. 09, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE – Nexus Energy Services, Inc. (OTCPINK: IBGR), an application development company, today announced that it has reached an agreement with its CEO and President, Ron Minsky, to convert 150 million common shares held by Mr. Minsky into Preferred Series “D” shares. This will leave just over 140 million common shares issued and outstanding. In concert with this agreement, the company will file an amendment with the Nevada Secretary of State to reduce the total number of shares authorized to 350 million.
Mr. Minsky, commented, “I was not about to divest myself of any stock in the foreseeable future anyway, and after discussing the matter with newly appointed Corporate Advisor, George Sharp, we agreed that these shares were best used for the future funding of the company.”
About Nexus Energy Services, Inc. (OTC: IBGR)
Nexus Energy Services, Inc. is an application development company which will soon announce a significant project in the real estate sector.
https://www.otcmarkets.com/stock/IBGR/news/st...id=1256221
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