$PBHG PBS Holding Inc., is pleased to announce major share structure changes and restructure of the company's Authorized Shares. Authorized (A/S) were reduced by 6 Billion shares from 11 Billion to 5 Billion A/S, and only 4.6 Billion Outstanding Shares (O/S).
"We will retire over 1 billion of O/S in reserve and have lowered the A/S by over 60%. The management is finalizing a contract with PCAOB CPA firm to complete audited financials and has retained an additional SEC attorney to focus on getting the company current with its Disclosures. In anticipation for this year's growth and to enhance shareholders value with transparency and a more manageable trading activities, I will also retire and return my personal 1.2 Billion shares. The company also secured all the convertible notes to avoid any "rogue" attempts for conversions, and/or dilution." Stated Edward Vakser, Chairman/CEO.
The company currently has 1,375,414,901 shares held at DTC (in the street name) , and only 21,117,766 in the float.
Recently the company announced additional developments for its 2020 Business Plan.
Management is happy to announce the completion of yet another "phase" of planned business development and acquisition business plan.
The company secured a 20-acre deal in Oklahoma, for the purpose of developing and expanding its holdings in MJ industry and its related genres. The development will allow the planting, growth and harvesting of the Cannabis. The deal also includes all proper state licensing for growth, processing and distributing MJ and related products.
The management is excited with a potential for the revenues. The average is approximately 300 plants per acre, and at 4 pounds per plant, at approximate 1200 pounds per acre would average $ 300.00 US per pound wholesale, would yield an approximate average of $ 3.6 Million (US) per acre. This being calculated as a wholesale revenue projection has a potential of over $ 50 Million per year and is also very exciting for the company since the company has several financial interests and investments in other companies that specialize in distribution and dispensing of the MJ products which would add addition revenues and good will to all our investments.
The company developed an acquisition path using its preferred share structure in order to create a fully developed portfolio, while not exposing its common stock nor creating additional debt or notes that otherwise could pressure the market.
"We had renegotiated and retired debt and notes in order to give the "Holding Company" a greater chance and opportunity for success. By acquiring the companies with our preferred, and not doing "mergers" per se, this will protect us and help achieve our goals and company's plans without the fear of "notes" and reverse stock splits looming and/or being dictated by new management. We designed a "Three Phase" acquisition formula, so I can firmly commit that there will be no RS!" Exclaimed very excited Edward Vakser, Chairman /CEO, PBS Holding Inc.
PBS Holding, Inc. (PBHG)
"We will retire over 1 billion of O/S in reserve and have lowered the A/S by over 60%. The management is finalizing a contract with PCAOB CPA firm to complete audited financials and has retained an additional SEC attorney to focus on getting the company current with its Disclosures. In anticipation for this year's growth and to enhance shareholders value with transparency and a more manageable trading activities, I will also retire and return my personal 1.2 Billion shares. The company also secured all the convertible notes to avoid any "rogue" attempts for conversions, and/or dilution." Stated Edward Vakser, Chairman/CEO.
The company currently has 1,375,414,901 shares held at DTC (in the street name) , and only 21,117,766 in the float.
Recently the company announced additional developments for its 2020 Business Plan.
Management is happy to announce the completion of yet another "phase" of planned business development and acquisition business plan.
The company secured a 20-acre deal in Oklahoma, for the purpose of developing and expanding its holdings in MJ industry and its related genres. The development will allow the planting, growth and harvesting of the Cannabis. The deal also includes all proper state licensing for growth, processing and distributing MJ and related products.
The management is excited with a potential for the revenues. The average is approximately 300 plants per acre, and at 4 pounds per plant, at approximate 1200 pounds per acre would average $ 300.00 US per pound wholesale, would yield an approximate average of $ 3.6 Million (US) per acre. This being calculated as a wholesale revenue projection has a potential of over $ 50 Million per year and is also very exciting for the company since the company has several financial interests and investments in other companies that specialize in distribution and dispensing of the MJ products which would add addition revenues and good will to all our investments.
The company developed an acquisition path using its preferred share structure in order to create a fully developed portfolio, while not exposing its common stock nor creating additional debt or notes that otherwise could pressure the market.
"We had renegotiated and retired debt and notes in order to give the "Holding Company" a greater chance and opportunity for success. By acquiring the companies with our preferred, and not doing "mergers" per se, this will protect us and help achieve our goals and company's plans without the fear of "notes" and reverse stock splits looming and/or being dictated by new management. We designed a "Three Phase" acquisition formula, so I can firmly commit that there will be no RS!" Exclaimed very excited Edward Vakser, Chairman /CEO, PBS Holding Inc.
PBS Holding, Inc. (PBHG)
