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Posted On: 08/12/2020 6:35:26 AM
Post# of 15423
$INKW Greene Concepts Common Shares Outstanding Reduced By Over 225 Million Shares As Company Announces “Be Water” Production Launch
Press Release | 02/04/2020
GREENE CONCEPTS COMMON SHARES OUTSTANDING REDUCED BY OVER 225 MILLION SHARES AS COMPANY ANNOUNCES "BE WATER" PRODUCTION LAUNCH
Marion, NC - Greene Concepts Inc. (INKW) is pleased to announce that recently the Company successfully coordinated the retirement of over 225,000,000 shares of common stock. The reduction in shares brought the outstanding common share count down from 863,112,466 as last reported in the Companys most recent quarterly report to a current 637,851,741 shares of common stock outstanding as of 1/30/2020. This reduction produces a more efficient capital structure and helps to position Greene Concepts and its investors for long-term financial growth.
Lenny Greene, CEO of Greene Concepts Inc. states, One important item to note is, I believe that strengthening the capital structure further reflects just how undervalued Greene Concepts is in relation to our current assets and long-term growth plans - an equation I do not believe will continue to go unnoticed. Further, we are striving to put our shareholders first. By retiring as many common shares as possible, we believe that this will have a more positive impact for our shareholders in the future.
Press Release | 02/04/2020
GREENE CONCEPTS COMMON SHARES OUTSTANDING REDUCED BY OVER 225 MILLION SHARES AS COMPANY ANNOUNCES "BE WATER" PRODUCTION LAUNCH
Marion, NC - Greene Concepts Inc. (INKW) is pleased to announce that recently the Company successfully coordinated the retirement of over 225,000,000 shares of common stock. The reduction in shares brought the outstanding common share count down from 863,112,466 as last reported in the Companys most recent quarterly report to a current 637,851,741 shares of common stock outstanding as of 1/30/2020. This reduction produces a more efficient capital structure and helps to position Greene Concepts and its investors for long-term financial growth.
Lenny Greene, CEO of Greene Concepts Inc. states, One important item to note is, I believe that strengthening the capital structure further reflects just how undervalued Greene Concepts is in relation to our current assets and long-term growth plans - an equation I do not believe will continue to go unnoticed. Further, we are striving to put our shareholders first. By retiring as many common shares as possible, we believe that this will have a more positive impact for our shareholders in the future.
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