$Stakool, Inc. (OTCQB: STKO.OB - News) (OTC.BB: ST
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$Stakool, Inc. (OTCQB: STKO.OB - News ) (OTC.BB: STKO.OB - News ), a North American supplier of natural, organic and health and wellness products, today announced that since January 1, 2012, it has cancelled a total of 101,878,570 shares.
20,000,000 shares were cancelled as a result of the cancellation of a promissory note held by an outside consultancy group. There is no remaining liability to the Company in regards to this promissory note. An additional 15,878,570 shares have been retired as a result of certificates having been returned to the Company for a business venture that has been rescinded.
In addition to retirement of the aforementioned 35,878,570 shares, management of Stakool, Inc. has further reduced its controlling shareholders' positions by 66,000,000 shares, thereby significantly increasing the ownership percentage of Stakool's public shareholders.
Another reminder post!
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