DEWM news of retiring 100 million common shares.
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Posted On: 06/28/2017 10:38:40 AM
DEWM news of retiring 100 million common shares.
DEWMAR INTERNATIONALBMC, INC. (DEWM) RETIRES OVER 1OO MILLION SHARES OF COMMON STOCK TO THE COMPANY TREASURY
Jun 28, 2017
OTC Disclosure & News Service
Houston, TX -
Houston, TX--(Marketwired June 28, 2017) - Dewmar International BMC, Inc. (OTCPINK: DEWM), a diversified brand management and operating company that conducts business across variegated industry sectors announced today the retirement of over 100 million outstanding shares of common stock.
After a series of discussions with a number of longstanding shareholders of Dewmar stock, the company successfully negotiated through a series of private transactions the retirement of these shares on June 27, 2017. This action will improve the capital structure of the Company and overall shareholder value.
CEO Dr. Marco Moran stated, The return of these shares to the treasury instantly adds value to our shareholders and demonstrates our commitment to our loyal shareholder base while maintaining a strong and healthy capital structure. "Furthermore, the definitive retirement of these significant amount of shares shall be reflected on Dewmar's upcoming quarterly report and it will cause a retroactive improvement of the Q1 2017 financials," Dr. Moran continued.
This was the first of multiple attempts that Dewmar will be actively pursuing to retire outstanding shares and to tighten up the float as much as possible. For investors who have followed Dewmar since Q1 2014, they may recall that this stock PPS soared to 3.3 cents, trading over 5.6 billion shares within that narrow period. "Back then, our only revenue source was from beverage sales; since then, we have generated close to $10 million in revenue from healthcare and numerous other product sales; our revenue portfolio is extremely synergistically diverse, plus we have started doing serious business with the world renown Willie Robertson," Dr. Moran exclaimed with a sheepishly boyish grin.
The point that Dr. Moran is trying to make is that, the float is basically the same today as it was then, but the Company is now self sustainable, has no toxic financing and has no debt tied to harmful outlays of stock compensation. The Company's executives expect a significant growth curve for not just the remainder of this year but for years to come. Additionally, the Company is targeting another 400 Million shares for return to the Companys treasury, which is the variance between the O/S GAAP vs. O/S Shares Non-GAAP that appears in the Company's most recent Annual Report.
The companys Board of Directors approved the retirement transaction this morning after receiving written confirmations on yesterday from the involved shareholders. Furthermore, the Board wants its existing and future shareholder base to take notice of the following key FACTS about the Company:
In Q1 2014, over 5.6 Billion shares traded above 1 cent reaching a high of 3.3 cents.
The company has basically the same float today that it had in Q1, 2014 when the stock traded above 3 cents.
The company has had NO new convertible debt financing since 2013.
The company has positive cash flow and has self-funded operations since 2014.
The company has not issued any additional shares of stock for any capital fund raising since 2014.
As of March 31, 2017, the company has $3.8 million is assets on its balance sheet, not including its market cap.
Company leadership continues to show long-term interest in the success of the business:
- The CEO has not taken any salary from the Company since 2015, even then it was not the full annual salary
- The CEO has NEVER liquidated any of his controlling shares or Common Stock
- No executive salary compensation shall exceed $25,000 until specific Company goals are met
About Dewmar International BMC, Inc.
Dewmar International BMC, Inc. is a Veteran-owned, new product development, manufacturing and brand management company. Established in 2003, Dewmar's primary business strategy has been in creating high profit margins with functional foods and beverages, as well as introducing new simple yet meaningful innovations to markets of great demand. The Company's flagship product, Lean Slow Motion Potion, has the longest history of any relaxation beverage carried by Walmart stores. The company has offices in Clinton, MS; Houston, TX: Denver, CO and New Orleans, LA.
Follow Dewmar on its official Facebook and Twitter sites where the CEO is inclined to provide information, sometimes on a daily basis, about some of the Company's current activities and key activities.
Also, subscribe to our Company Newsletter on the bottom right corner of our homepage to receive updates as well.
Click here for the Safe Harbor Statement.
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
DEWMAR INTERNATIONALBMC, INC. (DEWM) RETIRES OVER 1OO MILLION SHARES OF COMMON STOCK TO THE COMPANY TREASURY
Jun 28, 2017
OTC Disclosure & News Service
Houston, TX -
Houston, TX--(Marketwired June 28, 2017) - Dewmar International BMC, Inc. (OTCPINK: DEWM), a diversified brand management and operating company that conducts business across variegated industry sectors announced today the retirement of over 100 million outstanding shares of common stock.
After a series of discussions with a number of longstanding shareholders of Dewmar stock, the company successfully negotiated through a series of private transactions the retirement of these shares on June 27, 2017. This action will improve the capital structure of the Company and overall shareholder value.
CEO Dr. Marco Moran stated, The return of these shares to the treasury instantly adds value to our shareholders and demonstrates our commitment to our loyal shareholder base while maintaining a strong and healthy capital structure. "Furthermore, the definitive retirement of these significant amount of shares shall be reflected on Dewmar's upcoming quarterly report and it will cause a retroactive improvement of the Q1 2017 financials," Dr. Moran continued.
This was the first of multiple attempts that Dewmar will be actively pursuing to retire outstanding shares and to tighten up the float as much as possible. For investors who have followed Dewmar since Q1 2014, they may recall that this stock PPS soared to 3.3 cents, trading over 5.6 billion shares within that narrow period. "Back then, our only revenue source was from beverage sales; since then, we have generated close to $10 million in revenue from healthcare and numerous other product sales; our revenue portfolio is extremely synergistically diverse, plus we have started doing serious business with the world renown Willie Robertson," Dr. Moran exclaimed with a sheepishly boyish grin.
The point that Dr. Moran is trying to make is that, the float is basically the same today as it was then, but the Company is now self sustainable, has no toxic financing and has no debt tied to harmful outlays of stock compensation. The Company's executives expect a significant growth curve for not just the remainder of this year but for years to come. Additionally, the Company is targeting another 400 Million shares for return to the Companys treasury, which is the variance between the O/S GAAP vs. O/S Shares Non-GAAP that appears in the Company's most recent Annual Report.
The companys Board of Directors approved the retirement transaction this morning after receiving written confirmations on yesterday from the involved shareholders. Furthermore, the Board wants its existing and future shareholder base to take notice of the following key FACTS about the Company:
In Q1 2014, over 5.6 Billion shares traded above 1 cent reaching a high of 3.3 cents.
The company has basically the same float today that it had in Q1, 2014 when the stock traded above 3 cents.
The company has had NO new convertible debt financing since 2013.
The company has positive cash flow and has self-funded operations since 2014.
The company has not issued any additional shares of stock for any capital fund raising since 2014.
As of March 31, 2017, the company has $3.8 million is assets on its balance sheet, not including its market cap.
Company leadership continues to show long-term interest in the success of the business:
- The CEO has not taken any salary from the Company since 2015, even then it was not the full annual salary
- The CEO has NEVER liquidated any of his controlling shares or Common Stock
- No executive salary compensation shall exceed $25,000 until specific Company goals are met
About Dewmar International BMC, Inc.
Dewmar International BMC, Inc. is a Veteran-owned, new product development, manufacturing and brand management company. Established in 2003, Dewmar's primary business strategy has been in creating high profit margins with functional foods and beverages, as well as introducing new simple yet meaningful innovations to markets of great demand. The Company's flagship product, Lean Slow Motion Potion, has the longest history of any relaxation beverage carried by Walmart stores. The company has offices in Clinton, MS; Houston, TX: Denver, CO and New Orleans, LA.
Follow Dewmar on its official Facebook and Twitter sites where the CEO is inclined to provide information, sometimes on a daily basis, about some of the Company's current activities and key activities.
Also, subscribe to our Company Newsletter on the bottom right corner of our homepage to receive updates as well.
Click here for the Safe Harbor Statement.
Copyright © 2017 OTC Markets. All Rights Reserved
The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.
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There is a VERY HIGH degree of RISK involved in trading and investing. Only invest what you can afford to lose.
As used herein, the terms "You" and "Your" shall mean you, individually, the reader, and each other party on whose behalf you may use the contained information at any time.
All references to "My", "I", and “The writer of the above post” shall refer to the creator.
Do NOT invest unless you are prepared to sustain a total loss of the money you have invested plus any commission or other transaction charges.
There is a very high degree of risk involved in trading and investing. Past results are not indicative of future returns. I assume no responsibility for your trading and investment results. You should NOT rely on the information in the above post to make any decision or take any action.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are OPINION and NOT fact and are for entertainment purposes only. Do your own research and make your own decisions based on your own conclusions.
ALL OF MY STATEMENTS, including but not limited to, POSTS, MESSAGES, PRIVATE MESSAGES, and RESPONSES are NOT advice. It is your responsibility to seek investment advice during all stages of your investments. It is your responsibility to evaluate the accuracy, completeness and usefulness of the information in all and any posts.
My posts are NOT investment advice. I am not paid to post.
The writer of the above post shall NOT accept any liability for the accuracy or completeness of the information contained in the above post, for any reliance placed by any person on the information contained in the above post, or for any damage or loss, however caused, in connection with the use or reliance on any information contained in the above post.
The above post may contain links to websites owned and operated by third parties.
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