$AURI Presents a Share Reduction Buy-Back and Upli
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Posted On: 05/08/2024 9:09:53 AM
$AURI Presents a Share Reduction Buy-Back and Uplisting Program
https://www.newmediawire.com/news/auri-presen...am-7074691
DALLAS, TX - (NewMediaWire) - May 08, 2024 - Auri Inc. (OTCPK: AURI) (the Company): Today the company is revealing a new multifaceted program to benefit shareholders. The executives and the company’s consultants assembled a share buyback program to reduce the outstanding shares and market float. The company has been assembling a combination of reducing the AS (authorized shares) and the issued and outstanding. The AS was reduced through the state filings, reducing 3 billion shares, and the Issued and Outstanding (OS) as well as the float, will be acquired through the open market through the company and executives’ buy-back program.
AURI has been planning to file for NASDAQ for several years. The strategic move today is a combination of opportunities. Currently, very low PPS (price per share) provides an opportunity to acquire shares at a very low rate, retiring the shares and reducing the OS.
The company produces sales and revenues, and having AURI and all its publicly trading subsidiaries combined under one Holding company allows several qualifiers for NASDAQ achievable. AURI and each of its wholly owned subsidiaries recently received from the SEC their own EDGAR codes for the SEC filings. Share reduction and combined market cap brings the project closer to Qualifying for NASDAQ.
“We are excited to take advantage of current PPS and trading volume for a Buy-Back and share retirement program. One part of our program is designed to have a 3rd party CPA and consultants use an authorized percentage from sales to automatically buy shares in the market. We believe that this move should help the PPS and attract more potential investors and shareholders and build confidence in the marketplace,” stated E. Vakser/CEO.
The company will continue with more detailed updates as well as a progress report to the shareholders on a weekly basis.
https://www.newmediawire.com/news/auri-presen...am-7074691
DALLAS, TX - (NewMediaWire) - May 08, 2024 - Auri Inc. (OTCPK: AURI) (the Company): Today the company is revealing a new multifaceted program to benefit shareholders. The executives and the company’s consultants assembled a share buyback program to reduce the outstanding shares and market float. The company has been assembling a combination of reducing the AS (authorized shares) and the issued and outstanding. The AS was reduced through the state filings, reducing 3 billion shares, and the Issued and Outstanding (OS) as well as the float, will be acquired through the open market through the company and executives’ buy-back program.
AURI has been planning to file for NASDAQ for several years. The strategic move today is a combination of opportunities. Currently, very low PPS (price per share) provides an opportunity to acquire shares at a very low rate, retiring the shares and reducing the OS.
The company produces sales and revenues, and having AURI and all its publicly trading subsidiaries combined under one Holding company allows several qualifiers for NASDAQ achievable. AURI and each of its wholly owned subsidiaries recently received from the SEC their own EDGAR codes for the SEC filings. Share reduction and combined market cap brings the project closer to Qualifying for NASDAQ.
“We are excited to take advantage of current PPS and trading volume for a Buy-Back and share retirement program. One part of our program is designed to have a 3rd party CPA and consultants use an authorized percentage from sales to automatically buy shares in the market. We believe that this move should help the PPS and attract more potential investors and shareholders and build confidence in the marketplace,” stated E. Vakser/CEO.
The company will continue with more detailed updates as well as a progress report to the shareholders on a weekly basis.
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