A1 Group, Inc. - Update on Common Stock Cancellations - Seite 2
CEO, Lloyd Preston Jr. said "We have been working very hard to put together all of the original documents from almost seven years ago under a different management team and working with them on putting together a full affidavit of facts that will be required to provide a well-documented case for the cancellation of the block of 166,568,157 shares of Common Stock. Once this cancellation is completed, the issued and outstanding Common Stock will drop from the current 360,756,038 to 194,187,8810, an additional lowering of 46.17%. To move forward as a growing publicly quoted Company, we felt it was proper course to amend our capital structure to remove all previous issuances of Common Stock that were either improperly issued or not earned by the recipients of the equity positions. That is our focus, and over the past three months we have been successful in these endeavors and will continue to push forward with all of the disclosed potential cancellations of suspected Common Stock blocks."
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