NetworkNewsBreaks – No Borders, Inc. (NBDR) Sign
Post# of 68
(Total Views: 206)
Posted On: 03/25/2020 5:02:29 PM
NetworkNewsBreaks – No Borders, Inc. (NBDR) Significantly Reduces Number of Shares Available in Reg A Offering
No Borders (OTC: NBDR) today announced that it has amended its existing SEC Qualified Reg A offering to dramatically cut the number of authorized shares available from 300,000,000 to 100,000,000 while increasing the offering price per share from $0.01 per share to $0.03 per share, effective immediately. This amendment keeps the total amount of capital available to be raised by the company at $3,000,000 but vastly lowers the total possible dilution of the common stock. “If you take the time to watch the last three or four NBDR Shareholder Update Videos that are on our YouTube Channel you will see that we have stated over and over our commitment to NOT issuing 300 million new shares into the market. Our executive team and I are major common stock shareholders of NBDR and as such are just as sensitive to dilution as any shareholder in the company. This amendment is another example of why we are #DifferentByDesign and clearly shows that the action steps we are taking are designed to improve shareholder value and minimize dilution while providing our businesses with the capital they need to deploy and scale,” No Borders CEO Joseph Snyder 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
No Borders (OTC: NBDR) today announced that it has amended its existing SEC Qualified Reg A offering to dramatically cut the number of authorized shares available from 300,000,000 to 100,000,000 while increasing the offering price per share from $0.01 per share to $0.03 per share, effective immediately. This amendment keeps the total amount of capital available to be raised by the company at $3,000,000 but vastly lowers the total possible dilution of the common stock. “If you take the time to watch the last three or four NBDR Shareholder Update Videos that are on our YouTube Channel you will see that we have stated over and over our commitment to NOT issuing 300 million new shares into the market. Our executive team and I are major common stock shareholders of NBDR and as such are just as sensitive to dilution as any shareholder in the company. This amendment is another example of why we are #DifferentByDesign and clearly shows that the action steps we are taking are designed to improve shareholder value and minimize dilution while providing our businesses with the capital they need to deploy and scale,” No Borders CEO Joseph Snyder 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
(0)
(0)