Thanks Captain! You just gave me one more thing to
Post# of 48
Thanks Captain! You just gave me one more thing to do tonight. lol I've been buying the dip since the day I read this PR on $SNDY.
BOSTON, Feb. 14, 2012 /PRNewswire/ -- Solos Endoscopy, Inc. (OTCPK: SNDY.PK - News ) announced today that the Company's Board of Directors has completed the retirement of one hundred fifty million (150,000,000) common shares held by its officers and directors in exchange for Series B Convertible Preferred Shares. The common shares held by the officers and directors have now been cancelled and returned back to the Company treasury. This transaction represents a reduction of approximately 22% of the Company's issued and outstanding common shares.
The retirement of common shares by the Company's officers and directors will allow for greater flexibility to utilize the assets of Solos for debt reduction, future financing, and services. The Company intends to use proceeds from future financing for the development of new instrument lines as well as further enhancements to its MammoView® instrument line.
"This share retirement allows Solos to maintain the integrity of its market while continuing to develop its new product line. Management believes in our progress and is willing to take a long term position in the Company's Series B Preferred Shares," stated Bob Segersten, President of Solos Endoscopy, Inc.
http://finance.yahoo.com/news/Solos-Endoscopy...6.html?x=0
(0)
(0)