this has been done but it is not reflected on the o/s on the boards.
Bud Genius : Rightsmile Acquires 5 Percent of Company's Outstanding Shares
9/20/2014 | 01:32am US/Eastern
Rightsmile reported that its Board of Directors has signed an agreement resulting in the net repurchase of 1.499 billion shares of its own stock, almost 5 percent of the company's outstanding shares.
According to a release from the company, the repurchased Company shares have already been paid in full. The company is continuing to consider further share repurchases.
"We believe repurchasing our shares is a prudent use of our cash and we are pleased to continue Bud Genius' commitment of returning value to shareholders through possible future share repurchases," said CEO Angel Stanz, Bud Genius President and CEO. "Following our buyback, we will lower the company's authorized shares. Our successful share repurchase contract shows our continued confidence in our strategy to generate long-term profitable growth and strong cash flow, and by this it reflects our commitment to delivering value to our shareholders."
Repurchases under Bud Genius' new program may be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. This share repurchase plan does not obligate the company to acquire any particular amount of common stock, and it may be suspended at any time at the Company's discretion. The company had approximately 30 billion shares of Common Stock outstanding as of September 3, and will be reporting an approximate 28.5 billion shares as soon as transfers have settled.
More information and complete details:
www.BudGenius.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.
reference source
http://www.4-traders.com/RIGHTSMIL-5549862/ne...-19076243/
Bud Genius : Rightsmile Acquires 5 Percent of Company's Outstanding Shares
9/20/2014 | 01:32am US/Eastern
Rightsmile reported that its Board of Directors has signed an agreement resulting in the net repurchase of 1.499 billion shares of its own stock, almost 5 percent of the company's outstanding shares.
According to a release from the company, the repurchased Company shares have already been paid in full. The company is continuing to consider further share repurchases.
"We believe repurchasing our shares is a prudent use of our cash and we are pleased to continue Bud Genius' commitment of returning value to shareholders through possible future share repurchases," said CEO Angel Stanz, Bud Genius President and CEO. "Following our buyback, we will lower the company's authorized shares. Our successful share repurchase contract shows our continued confidence in our strategy to generate long-term profitable growth and strong cash flow, and by this it reflects our commitment to delivering value to our shareholders."
Repurchases under Bud Genius' new program may be made in open market or privately negotiated transactions in compliance with Securities and Exchange Commission Rule 10b-18, subject to market conditions, applicable legal requirements, and other relevant factors. This share repurchase plan does not obligate the company to acquire any particular amount of common stock, and it may be suspended at any time at the Company's discretion. The company had approximately 30 billion shares of Common Stock outstanding as of September 3, and will be reporting an approximate 28.5 billion shares as soon as transfers have settled.
More information and complete details:
www.BudGenius.com
((Comments on this story may be sent to newsdesk@closeupmedia.com))
(c) 2014 ProQuest Information and Learning Company; All Rights Reserved.
reference source
http://www.4-traders.com/RIGHTSMIL-5549862/ne...-19076243/
