Twinkie 2000, The 170k Outstanding came from Dow Jones' MarketWatch.com.
You're right there was a PR, September 22nd about retiring 50 million shares. I tried to find it but all the financial news services (Yahoo, Marketwatch, etc) must have decided it was too old to keep in their files.
But thanks to SiliconInvestor's good HTRE Moderator, MBoomer17, who pasted the PR in the post he wrote last September 25th, we have the PR preserved here on SI.(aren't message boards great?) Here's the PR you refer to:
Friday September 22, 1:21 pm ET - H3Enterprises Retires 50+ Million Shares of Common Stock
LAS VEGAS, Sept. 22 /PRNewswire-FirstCall/ -- H3Enterprises, Inc. (OTC: HTRE - News) has announced through its team of attorneys, headed by Michael Labertew & Associates, that it has identified at least 50 million shares of common stock that it will be retiring and returning to treasury. The firm's ultimate goal is to retire approximately 70 million to 80 million shares, representing over 40 percent of its currently issued and outstanding shares.
"We continue to make strides to identify shares that were issued in error by the company's prior transfer agent and/or prior management, as well as shares for which full consideration was not delivered to the company as promised," Michael Labertew, legal counsel to H3Enterprises, stated. "In those situations, we are using all legal means necessary to have these shares returned to the company for cancellation, thereby increasing the value of the remaining shares owned by our shareholders."
And here is the PR that came out last Friday:
H3Enterprises Retires 40 Million Shares
Company Continues Share Reduction Efforts
SAINT PETERSBURG, Fla., Jan 19, 2007 (PrimeNewswire via COMTEX) -- H3Enterprises (Pink Sheets:HTRE) has announced that 40 million of the Company's outstanding shares have been retired and returned to treasury. Management is continuing its efforts to identify shares that were overstated or issued in error by the Company's previous Transfer Agent, Corporate Stock Transfer, and will also commence a stock buy back program both privately and on the open market after the opening of its first HipHopSodaShop later next month.
I think the 40 million retired referred to in last Friday's PR is part of the 50 million you referred to in the September PR because it says in the September PR "will be retired" while in the January PR it says "have been retired."
FlSun |
