Coconino S. M. A. Recaptures 29% of its Outstanding Stock
SALT LAKE CITY, June 22 /PRNewswire/ -- In a late Friday, June 19th, development, Coconino
S.M.A., Inc. (OTC Bulletin Board: CSMA - news) announced that it has decided to rescind its
purchase of LPS, Ltd. (LPSL) thereby recapturing a significant amount of its outstanding shares of
common stock.
A company spokesperson confirms that 7.5 million shares of stock used to purchase the formerly Las
Vegas-based LPSL will be cancelled.
>When will these be cancelled? Can the transfer agent be contacted
concerning the progress of this?
The move is seen as a positive step towards achieving Coconino
SMA's stated goal of becoming a fully reporting company as evidenced by the recently announced
merger with Buffalo Capital IV, Ltd [OTC BB:BUFF - news]. The company indicates that transaction
is moving forward on schedule.
These developments may also be evidence of Coconino's increasing commitment to becoming a
significant player in the commercial and industrial waste disposal business. Coconino's Enviro-Tec, Inc.
subsidiary has recently obtained a Class V disposal permit from the State of Utah and indications are
that commencement of operations at their Blue Bench 13-1 Injection Well disposal facility are slated to
begin shortly.
"The Company expects to have specific information on that topic as early as next week."
We know now that the last sentence should have read "as early
as next month
Coconino SMA is a diversified company involved in non-toxic industrial and commercial waste disposal
through its Enviro-Tec, Inc. subsidiary with offices in Salt Lake City, UT and Roswell, NM, and in
natural resources development through its Coconino Oil & Gas subsidiary also located in Roswell, NM.
The company also offers consumer products through its Ad-HaTTeRs, Inc. subsidiary headquartered in
Centennial Park, AZ.
Thank goodness there has been Ad-HaTTeRs from the beginning! JMHO
KZAP |
