$RDAR huge share retirement news! RAADR, Inc. t
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Posted On: 12/03/2015 8:50:20 AM
$RDAR huge share retirement news!
RAADR, Inc. to Retire Over One Million Shares of Common Stock
Nov 12, 2015
OTC Disclosure & News Service
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Phoenix, AZ, Nov. 12, 2015 (GLOBE NEWSWIRE) -- RAADR, Inc. (OTCQB: RDAR), a technology and software development company that monitors cyber bullying and social media platforms through its artificial intelligent proprietary web-based application, is pleased to announce an oral agreement is in place to retire over a million shares.
This agreement has come to fruition with a private shareholder who intends to retire 1.3 million shares of common stock. These shares have already been transferred to an escrow account through the company’s law firm and will be retired within 30 days.
By reducing the outstanding share count by roughly 1.25%, the supply of the company’s stock will decrease. Having fewer shares outstanding reduces the denominator in many corporate per-share valuation measurements, which leads to an increase in total firm value per share.
“We will continue to make decisions aligned with our shareholders’ interests,” says CEO, Jacob DiMartino, “We are constantly seeking opportunities to increase value for our investors, and we feel this stock retirement will help our investors in the open market.”
The company anticipates that no later than December 12th, 2015, these shares will be fully retired and removed from the outstanding share count.
RAADR, Inc. to Retire Over One Million Shares of Common Stock
Nov 12, 2015
OTC Disclosure & News Service
-
Phoenix, AZ, Nov. 12, 2015 (GLOBE NEWSWIRE) -- RAADR, Inc. (OTCQB: RDAR), a technology and software development company that monitors cyber bullying and social media platforms through its artificial intelligent proprietary web-based application, is pleased to announce an oral agreement is in place to retire over a million shares.
This agreement has come to fruition with a private shareholder who intends to retire 1.3 million shares of common stock. These shares have already been transferred to an escrow account through the company’s law firm and will be retired within 30 days.
By reducing the outstanding share count by roughly 1.25%, the supply of the company’s stock will decrease. Having fewer shares outstanding reduces the denominator in many corporate per-share valuation measurements, which leads to an increase in total firm value per share.
“We will continue to make decisions aligned with our shareholders’ interests,” says CEO, Jacob DiMartino, “We are constantly seeking opportunities to increase value for our investors, and we feel this stock retirement will help our investors in the open market.”
The company anticipates that no later than December 12th, 2015, these shares will be fully retired and removed from the outstanding share count.
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