From oct. 2nd pr. The third item on the agenda
Post# of 17862
Posted On: 03/01/2013 9:46:07 AM
From oct. 2nd pr.
The third item on the agenda was the company's anti-dilution and stock retirement program. Romain Continued, "I'm very happy to say that we have successfully reduced our outstanding share count by approximately 30% of what was originally out there just a few months ago." In addition to the 30% reduction, Romain estimated that an additional one billion shares were set to be retired as of the day of the call. This would bring the total retirement to over 3.5 billion shares. The logistics of that reduction is still in process. Management expects that the directive given to retire the shares will be effective within 48 hours and will likely bring the issued and outstanding share count far below the original contemplated reduction amount estimated. Also, the details of how the shares were retired will be discussed in the upcoming quarterly shareholder update – where Hollund executives suggest that shareholders will be pleasantly surprised to understand how and why the shares retired will never come back to the market at any time in the future; and the faith those shareholders submitting to the retirement have in the future revenues of the company.
"Among the final items discussed, and one of the more prominent for the company, is the newly evolving partnership with North Cal Wood Products. With revenues having an historical high topping as much as $40 Million, the 30+ year old reclaimed wood and distribution company is considered by many as the premiere reclaimed wood and custom lumber milling and distribution outfits along the Pacific Rim. For Hollund, the new relationship with North Cal could result in substantial amounts of yearly revenue. North Cal has already identified a number of tremendous sales and distribution prospects and opportunities to which the revenue potential is immeasurable. It is also quite likely these same opportunities are greatly lending to North Cal's ever so quickly evolving business relationship with Hollund. Executives at Hollund indicate that an opportunity of major size and scope may be found between the two companies; suggesting that the future prospects of the two companies will be detailed within the upcoming shareholder's update."
http://ir.stockpr.com/hollundindustrial/compa...-north-cal
The third item on the agenda was the company's anti-dilution and stock retirement program. Romain Continued, "I'm very happy to say that we have successfully reduced our outstanding share count by approximately 30% of what was originally out there just a few months ago." In addition to the 30% reduction, Romain estimated that an additional one billion shares were set to be retired as of the day of the call. This would bring the total retirement to over 3.5 billion shares. The logistics of that reduction is still in process. Management expects that the directive given to retire the shares will be effective within 48 hours and will likely bring the issued and outstanding share count far below the original contemplated reduction amount estimated. Also, the details of how the shares were retired will be discussed in the upcoming quarterly shareholder update – where Hollund executives suggest that shareholders will be pleasantly surprised to understand how and why the shares retired will never come back to the market at any time in the future; and the faith those shareholders submitting to the retirement have in the future revenues of the company.
"Among the final items discussed, and one of the more prominent for the company, is the newly evolving partnership with North Cal Wood Products. With revenues having an historical high topping as much as $40 Million, the 30+ year old reclaimed wood and distribution company is considered by many as the premiere reclaimed wood and custom lumber milling and distribution outfits along the Pacific Rim. For Hollund, the new relationship with North Cal could result in substantial amounts of yearly revenue. North Cal has already identified a number of tremendous sales and distribution prospects and opportunities to which the revenue potential is immeasurable. It is also quite likely these same opportunities are greatly lending to North Cal's ever so quickly evolving business relationship with Hollund. Executives at Hollund indicate that an opportunity of major size and scope may be found between the two companies; suggesting that the future prospects of the two companies will be detailed within the upcoming shareholder's update."
http://ir.stockpr.com/hollundindustrial/compa...-north-cal
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