As part of this initiative, SGTM has returned 23 million shares of common stock to the treasury, representing over 18% of outstanding shares. The company has also strengthened its team with new advisors and implemented innovative technologies to improve operational capabilities in the environmental sector.
Positives:
Debt reduction plan targeting over $25 million in total debt elimination
$6 million in debt already reduced
Return of 23 million shares (18%) to treasury, reducing dilution
Strategic addition of new advisors and innovative technologies