Performance Drink Group Eliminates 1.25 Billion Common Shares and Retirement of Over Seven Million Series A Preferred Shares from the Market, While Launching a Search for Cash Flow Positive Acquisitions
Retrieved on:
Tuesday, January 10, 2023
The Company appointed a new CEO in the fall of 2022 and since then, new management has been working on an acquisition strategy and eliminating billions of potential shares.
Key Points:
- The Company appointed a new CEO in the fall of 2022 and since then, new management has been working on an acquisition strategy and eliminating billions of potential shares.
- The first step was to retire 7,716,219 Series A Preferred shares back to the treasury.
- Phase two was to retire 300,000,00 Common shares from the previous officers of the Company.
- I hope to deliver shareholders tremendous value as we move forward," said Jeffrey M. Canouse, CEO of Performance Drink Group.