Stocks & Investing
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Stocks and Investing
Mon, June 8, 2009
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Thu, June 4, 2009
Wed, June 3, 2009
Tue, June 2, 2009 Stratton Holdings Inc.: Stratton Holdings' CEO Announces Plan to Reduce Outstanding Shares by 23%
LOS GATOS, CA--(Marketwire - June 2, 2009) - Stratton Holdings, Inc. (
Chief Executive Officer, Mr. Eric Stratton Racheff, wanted to inform shareholders of his decision:
"In taking a look at the overall picture of the Company's goals and the Company's share structure I have decided to cancel 100,000,000 shares of my personal holdings. Of which I will instruct our Transfer Agent to do so for an execution date of Monday, June 15th, 2009.
"The reason for this is very simple, our ideal share structure is much lower than it is now. We also are building a group each taking on ownership and that includes investors. Rather than the all too common Pinksheet company where the CEO owns 95%. This will change that and allow us to move forward
"Here is the current share structure as of June 1st 2009:
"Outstanding Shares: 424,075,777
"Held by Insiders: 234,000,000
"I feel this is a correct step for not only me but for the Company as who wants to secure financing in such a low range.
"Another thing I wanted to address was the Caveat Emptor that Pinksheets LLC. has marked our company with. I wanted to let shareholders know that this is a policy of Pinksheets LLC that if a company executes a name change then they need to provide financials accepted by the Securities and Exchange Commission or otherwise get marked with Caveat Emptor. I have spoken with the Securities Exchange Commission and we now know what is needed to begin filing with the SEC. As of right now we can't file with them, hence no form 3s,4s,8-ks etc. But the Company is working towards handling this and providing the needed information to the SEC as well as Pinksheets LLC.
We continue to have many things cooking for the Summer of 2009 and I look forward to announcing some additional major events."
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
