MONSTER NEWS OUT, 700,000,000 SHARE CANCELLATION >
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Posted On: 06/29/2017 2:49:50 PM
MONSTER NEWS OUT, 700,000,000 SHARE CANCELLATION >> Legal Demand Has Been Made to Cancel 700 Million-Plus Wrongfully Issued ERF Wireless Common Shares
ERF Wireless (http://www.erfwireless.com) was founded in 2004 as a "Critical Communications Infrastructure" company
Dallas, Texas - June 29, 2017 - (Newswire.com)
ERF WIRELESS, INC. ("ERF"
(OTC PINK: ERFB) President and CEO, Dr. John Barnett today announced that demand has been made on ERF, Wireless for 700 million-plus ERF Wireless Common Shares to be canceled, due to these shares not being legally approved by the majority of the companies Class “A” Preferred shares.
The company recently hired special counsel to look into possible wrongful issuances of shares by prior management, which resulted in several hundred million shares being issued in a very short time frame back in 2014 and which has continued to date. The investigation is now complete and new management with its Special Counsel is currently in discussions with the majority holders of the Class “A” Preferred stock, after investigation findings concluded that millions of shares were issued by past management, and its agents in concert with various Convertible Debenture Note Lenders without the necessary legal approval of the majority of the Class “A” Preferred Shareholders. Special Counsel is currently in ongoing discussions with the Class ”A” Preferred Shareholders regarding what appears to be a massive amount of wrongfully issued shares that resulted from numerous conversions by various convertible lenders whom are believed to have been acting in concert for many years.
Dr. Barnett stated, “When these discussions and negotiations are completed, we will keep our legitimate shareholders and the public updated as to any new developments.”
ERF Wireless (http://www.erfwireless.com) was founded in 2004 as a “Critical Communications Infrastructure” company applying advanced wireless broadband technology and other communications technology to a select suite of enterprise, commercial and retail critical communications needs. ERF has historically offered high-speed wireless broadband products and services to specialized critical communications needs, such as banking, healthcare, education and oil and gas.
Read more: http://m.digitaljournal.com/pr/3398273#ixzz4lQ0CIFwr
ERF Wireless (http://www.erfwireless.com) was founded in 2004 as a "Critical Communications Infrastructure" company
Dallas, Texas - June 29, 2017 - (Newswire.com)
ERF WIRELESS, INC. ("ERF"
(OTC PINK: ERFB) President and CEO, Dr. John Barnett today announced that demand has been made on ERF, Wireless for 700 million-plus ERF Wireless Common Shares to be canceled, due to these shares not being legally approved by the majority of the companies Class “A” Preferred shares. The company recently hired special counsel to look into possible wrongful issuances of shares by prior management, which resulted in several hundred million shares being issued in a very short time frame back in 2014 and which has continued to date. The investigation is now complete and new management with its Special Counsel is currently in discussions with the majority holders of the Class “A” Preferred stock, after investigation findings concluded that millions of shares were issued by past management, and its agents in concert with various Convertible Debenture Note Lenders without the necessary legal approval of the majority of the Class “A” Preferred Shareholders. Special Counsel is currently in ongoing discussions with the Class ”A” Preferred Shareholders regarding what appears to be a massive amount of wrongfully issued shares that resulted from numerous conversions by various convertible lenders whom are believed to have been acting in concert for many years.
Dr. Barnett stated, “When these discussions and negotiations are completed, we will keep our legitimate shareholders and the public updated as to any new developments.”
ERF Wireless (http://www.erfwireless.com) was founded in 2004 as a “Critical Communications Infrastructure” company applying advanced wireless broadband technology and other communications technology to a select suite of enterprise, commercial and retail critical communications needs. ERF has historically offered high-speed wireless broadband products and services to specialized critical communications needs, such as banking, healthcare, education and oil and gas.
Read more: http://m.digitaljournal.com/pr/3398273#ixzz4lQ0CIFwr
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