$SIRC mentioned at .04s, now .11's on 500M Auth reduction

New Post Public Reply Private Reply Replies (0) Message Board
TradeForProfits
203
$SIRC mentioned at .04s, now .11's on 500M Auth reduction news:


https://finance.yahoo.com/news/sirc-retire-50...00877.html

SIRC To Retire 500,000,000 Shares / NASDAQ Interview Goes Live Wednesday
GlobeNewswire•August 13, 2019
POWAY, Calif., Aug. 13, 2019 (GLOBE NEWSWIRE) -- via OTC PR WIRE -- Solar Integrated Roofing Corporation (SIRC) (the "Company" is pleased to announce that the total Authorized number of shares is being reduced from the current 750,000,000 to 250,000,000. A retirement of 500,000,000 shares. David Massey, President and CEO of SIRC, commented on the share reduction, "The Company wishes to make it clear that we are committed to ensuring public & private investors that not only are we not increasing the number of Authorized shares, but we are actually reducing number of Authorized shares by 500,000,000. Leaving 250,000,000 as total Authorized. Not bad considering our acquisition strategy and the fact that similar publicly-traded companies our size, commonly increase number of shares Authorized when growth opportunities present themselves. This results in share dilution for the investor." The current share count as of today for SIRC is as follows; Authorized 750,000,000, Outstanding 96,140,504, Restricted 75,272,924, and 20,867,580 is in public float.

The previously announced August 7th NASDAQ interview featuring SIRC with David Massey, will go live tomorrow, Wednesday, August 14th. Mr. Massey highlighted the burgeoning solar market across Southern California and the opportunities that exist in the areas of Multi-Family, Commercial, and the Marijuana markets. Mr. Massey also touches on the Company's acquisition(s) progression and how that plays into the aforementioned markets of opportunity. Massey added, "Our future is bright as we progress with our business plan, and once the parts all come together, our expansion efforts will be limitless."

About SIRC

Solar Integrated Roofing Corporation (SIRC) is an integrated solar and roofing installation company specializing in commercial and residential properties with a focus on acquisitions of like companies to build a footprint nationally. For more information, please visit: www.solarintegratedroofingcorp.com
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

OrthAlign Appoints Brett Brodnax to Drive ASC Innovation Forward

Updated Category News Views 210

OrthAlign Appoints Brett Brodnax to Board of Directors In a significant development, OrthAlign, Inc., a leader in innovative surgical technologies for joint replacement, has announced the addition of Brett Brodnax to its Board of Directors. Brett is the Executive Chairman of United Surgical Partners International (USPI) and boasts an impressive history in the field of...

Continue Reading
Drew Nelson OBE Joins Finchetto to Advance Optical Technology

Updated Category News Views 310

Drew Nelson OBE Joins Finchetto's Vision for Energy Efficiency Finchetto, an innovative company pioneering the world’s first fully-optical passive network switch, has welcomed Drew Nelson OBE as a Non-Executive Director. With substantial accolades for its technology, this move marks another significant step in Finchetto's mission to enhance energy efficiency in AI...

Continue Reading
Hasbro Investors: Important Class Action Update and Further Steps

Updated Category News Views 112

Overview of the Hasbro Class Action Lawsuit The recent developments in the Hasbro class action lawsuit are garnering significant attention from investors. Faruqi & Faruqi, LLP, a national leader in securities law, is guiding investors through the complexities of this case involving Hasbro, Inc. (NASDAQ: HAS). With a pending lead plaintiff deadline approaching, it's...

Continue Reading
Oropharyngeal Cancer Market on the Rise: New Treatments Ahead

Updated Category News Views 131

Understanding the Oropharyngeal Cancer Market The oropharyngeal cancer market is poised for significant growth in the coming years, driven by the advent of advanced therapies and an increase in global healthcare expenditures. The rise in new, innovative drugs is changing treatment paradigms, improving patient outcomes, and igniting interest in personalized medicine...

Continue Reading
TWFG, Inc. Broadens Market Presence with Strategic Acquisition

Updated Category News Views 131

TWFG, Inc. Expands Its Reach Through Acquisition TWFG, Inc. (NASDAQ: TWFG) has announced a significant strategic move that will bolster its standing in the insurance sector. The company has successfully acquired Alabama Insurance Agency, Inc., along with its 20 affiliated locations throughout the state. This acquisition strengthens TWFG’s foothold in the Southeastern...

Continue Reading