NetworkNewsBreaks – Medical Innovation Holdings,
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Posted On: 03/29/2018 5:33:58 PM
NetworkNewsBreaks – Medical Innovation Holdings, Inc. (MIHI) Retires Ten Million Common Shares
Medical Innovation Holdings (OTC: MIHI) this morning said that it has reached an agreement with two of the company’s largest shareholders to retire 10 million common shares. The company’s issued and outstanding shares count was 40,912,082 common shares as of the last filing on March 19, 2018. This will be reduced to 30,912,082 common shares issued and outstanding, marking a 24.4% reduction in the number of outstanding common shares. MIHI is aiming to improve its balance sheet in an effort to attain financing for operations, acquisitions, and deployment of its virtual health telemedicine platform to rural primary care clinics and hospitals. The company and shareholders anticipate that the restructuring of the stock could improve its position to negotiate transactions moving forward. MIHI is currently in negotiations with several sources to raise capital to complete the acquisition of a nutraceutical company and growth capital. “We couldn’t be more delighted to know that our largest shareholders believe in our business plan that they are willing to support MIHI in improving the balance sheet and readying the Company for financing and potential growth,” MIHI CEO Arturo “Jake” Sanchez stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Medical Innovation Holdings (OTC: MIHI) this morning said that it has reached an agreement with two of the company’s largest shareholders to retire 10 million common shares. The company’s issued and outstanding shares count was 40,912,082 common shares as of the last filing on March 19, 2018. This will be reduced to 30,912,082 common shares issued and outstanding, marking a 24.4% reduction in the number of outstanding common shares. MIHI is aiming to improve its balance sheet in an effort to attain financing for operations, acquisitions, and deployment of its virtual health telemedicine platform to rural primary care clinics and hospitals. The company and shareholders anticipate that the restructuring of the stock could improve its position to negotiate transactions moving forward. MIHI is currently in negotiations with several sources to raise capital to complete the acquisition of a nutraceutical company and growth capital. “We couldn’t be more delighted to know that our largest shareholders believe in our business plan that they are willing to support MIHI in improving the balance sheet and readying the Company for financing and potential growth,” MIHI CEO Arturo “Jake” Sanchez stated in the news release.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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