Hollund Industrial Marine announced they will a

Hollund Industrial Marine announced they will achieve a reduction close to 70% in the current round of share retirement which virtually extinguishes the possibility of the shares returning to market; "moving the valued interest to the future earnings," stated Meier. Peter Meier further stated that the reduction in shares was requested by North Cal Wood Products as a requirement of their working relationship.

Remember, HIMR was approaching 9 Billion shares just 8 months ago. Today, HIMR is at sitting around 4.189 Billion shares; and in the immediate future, with this next round of share reductions focused on the float as well as the issued and outstanding, we could possibly be as low as roughly 2.8 Billion.

http://ih.advfn.com/p.php?pid=nmona&article=54988060

Peter Meier noted that they completed their original quest for reducing shares far ahead of schedule and would seek to continue the efforts with a new reduction effort in the next quarter. The company did in fact retire an additional 500 million shares from the Issued and Outstanding (I/O) share count during the last quarter of 2012. This reduced the I/O from what's currently reflected on the PinkSheets (http://www.otcmarkets.com/stock/HIMR/company-info) as 4,689,341,272 shares down to 4,189,341,272 shares.

http://ih.advfn.com/p.php?pid=nmona&article=56441392