1888PressRelease – The goal of the share buyback program is to reduce the total outstanding shares of common stock by up to 80%.
Net Savings Link Cheap Pittsburgh Steelers Jerseys , Inc. (OTC: NSAV), a medical cannabis technology company, announced today that the Company has commenced a share buyback program. The goal of the share buyback program is to reduce the total outstanding shares of common stock by up to 80%. Under the buyback program, NSAV is authorized to repurchase shares through open market purchases, privately-negotiated transactions, block purchases Cheap Steelers Jerseys , fixed price tender offers, or otherwise, in accordance with applicable federal securities laws. The Company intends to pay for share repurchases using a variety of methods, including cash, preferred shares, shares in publicly traded subsidiaries Wholesale Joshua Dobbs Jersey , debt and with other resources at its disposal. NSAV management categorically states that no convertible or toxic debt will ever be used to fund its share buyback program. The Company also wants to assure shareholders that no reverse split of its common stock will ever take place or be used to reduce its outstanding shares of common stock.
As previously announced, in 2017 NSAV enacted a massive 4.0 billion or 40% reduction of its authorized shares. The Company has approved an additional 500 million share reduction of its authorized shares, which are awaiting cancellation by the Companytransfer agent.
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