SAKL Redeems Nearly $1M Worth of Its Series C Stock
(firmenpresse) - SALT LAKE CITY, UT -- (Marketwired) -- 06/19/15 -- (OTC PINK: SAKL) reports that it has signed an agreement to cancel 190,486 shares of Series C Preferred Stock, which had a stated conversion value of $952,430. The block of shares is one of the larger blocks of Series C Preferred Stock.
Richard Surber, CEO of SAKL, commented, "We continue to make progress on efforts to improve the capital structure of SAKL. The redemption of these shares is a major win for existing shareholders. Looking forward a month, SAKL expects to have great news nearly every week. We have made tremendous strides operationally and in our rebranding efforts. The fruit of these efforts are in sight."
. (OTC PINK: SAKL) is an entertainment company with operations that include: event management, film production, and distribution services. SAKL''s wholly owned subsidiary WG Productions Company holds a majority interest in and . SAKL also holds a majority interest in Green Endeavors, Inc. (OTC PINK: GRNE). Learn more about SAKL''s operations at , , , and . Investors should not invest more than they can afford to lose in penny stocks.
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Datum: 19.06.2015 - 06:30 Uhr
Sprache: Deutsch
News-ID 1367241
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