$GTEH recent news on reduction in Authorized Share
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Posted On: 02/11/2020 12:20:47 PM
$GTEH recent news on reduction in Authorized Shares by 25% >>
GenTech Announces Aggressive Anti-Dilution Initiative as Product Readies for Launch in $15B Market
https://finance.yahoo.com/news/gentech-announ...00371.html
NEW YORK, NY -- February 6, 2020 -- InvestorsHub NewsWire -- GenTech Holdings, Inc. (OTC PINK: GTEH) ("GenTech" or the "Company"
, an emerging leader in the high-end CBD food and drinks marketplace, is pleased to announce an aggressive corporate structure initiative designed to demonstrate the Company's absolute commitment to shareholder-friendly growth in 2020 and beyond as the Company readies the launch of its new Premium and CBD-Infused Coffee Subscription Package product. These steps include:
- An immediate filing with the State of Florida for a reduction in Authorized Shares by 25%,
- A plan to further reduce the authorized share allowance over a specified period,
- A scheduled program of debt retirement,
- Pre-emptive action on outstanding convertible notes expiring in 2021 and 2022 to prevent conversion and dilution in the market.
GenTech Announces Aggressive Anti-Dilution Initiative as Product Readies for Launch in $15B Market
https://finance.yahoo.com/news/gentech-announ...00371.html
NEW YORK, NY -- February 6, 2020 -- InvestorsHub NewsWire -- GenTech Holdings, Inc. (OTC PINK: GTEH) ("GenTech" or the "Company"
, an emerging leader in the high-end CBD food and drinks marketplace, is pleased to announce an aggressive corporate structure initiative designed to demonstrate the Company's absolute commitment to shareholder-friendly growth in 2020 and beyond as the Company readies the launch of its new Premium and CBD-Infused Coffee Subscription Package product. These steps include: - An immediate filing with the State of Florida for a reduction in Authorized Shares by 25%,
- A plan to further reduce the authorized share allowance over a specified period,
- A scheduled program of debt retirement,
- Pre-emptive action on outstanding convertible notes expiring in 2021 and 2022 to prevent conversion and dilution in the market.
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