HQGE Returns to Current Status on OTC Markets a
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Posted On: 07/14/2021 9:36:34 AM
HQGE
Returns to Current Status on OTC Markets and Reports Another 550 Million Share Reduction
9:00 am ET July 14, 2021 (Globe Newswire) Print
via NewMediaWire -- HQ Global Education, Inc. (OTC: HQGE) reported today that the company has reported all required financials and has now been returned to "Current Information" status on OTC Markets. The company also reported that its total number of outstanding common shares has just been reduced by another 550 million shares, from 7,969,922,441 down to 7,419,922,441. This share reduction occurred as a result of Marvin Williams, President of HQGE and CEO of its operating subsidiary Big M Entertainment Pictures (BMEP), voluntarily returning an additional 550 million of his personally owned shares to HQGE's treasury. Mr. Williams had previously returned 550 million shares in March 2021, bringing the total number of shares he has returned this year to 1.1 billion.
HQGE's CEO Daniel Gallardo Wagner commented, "We are very pleased to make these announcements. We believe our return to Current Status on OTC Markets, along with this significant reduction of our outstanding common shares, not only strengthens our position in the marketplace but also signals to the world that HQGE and Big M Entertainment are continuing to move forward and adapt to today's economic environment in ways that will benefit our shareholders."
Mr. Williams stated, "My decision to voluntarily retire an additional 550 million shares at this time and in conjunction with HQGE's return to Current Information status is my way of confirming my personal commitment to the overall success of the company. BMEP continues to make significant strides both in moving our current Intellectual Property towards completion and release and by continuing to add additional Intellectual Product to our portfolio. We have many projects in development now and look forward to releasing more news in the very near future."
Returns to Current Status on OTC Markets and Reports Another 550 Million Share Reduction
9:00 am ET July 14, 2021 (Globe Newswire) Print
via NewMediaWire -- HQ Global Education, Inc. (OTC: HQGE) reported today that the company has reported all required financials and has now been returned to "Current Information" status on OTC Markets. The company also reported that its total number of outstanding common shares has just been reduced by another 550 million shares, from 7,969,922,441 down to 7,419,922,441. This share reduction occurred as a result of Marvin Williams, President of HQGE and CEO of its operating subsidiary Big M Entertainment Pictures (BMEP), voluntarily returning an additional 550 million of his personally owned shares to HQGE's treasury. Mr. Williams had previously returned 550 million shares in March 2021, bringing the total number of shares he has returned this year to 1.1 billion.
HQGE's CEO Daniel Gallardo Wagner commented, "We are very pleased to make these announcements. We believe our return to Current Status on OTC Markets, along with this significant reduction of our outstanding common shares, not only strengthens our position in the marketplace but also signals to the world that HQGE and Big M Entertainment are continuing to move forward and adapt to today's economic environment in ways that will benefit our shareholders."
Mr. Williams stated, "My decision to voluntarily retire an additional 550 million shares at this time and in conjunction with HQGE's return to Current Information status is my way of confirming my personal commitment to the overall success of the company. BMEP continues to make significant strides both in moving our current Intellectual Property towards completion and release and by continuing to add additional Intellectual Product to our portfolio. We have many projects in development now and look forward to releasing more news in the very near future."
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