AURI Presents a Share Reduction Buy-Back and Uplisting Program [Yahoo! Finance]
AURI INC (AURI)
NASDAQ:AMEX Investor Relations:
mzcan.com/us/auri/irwebsite_auri/index.php?secmod=directors&mod=directorsdetail&id=1
Company Research
Source: Yahoo! Finance
The executives and the company's consultants assembled a share buyback program to reduce the outstanding shares and market float. The company has been assembling a combination of reducing the AS (authorized shares) and the issued and outstanding. The AS was reduced through the state filings, reducing 3 billion shares, and the Issued and Outstanding (OS) as well as the float, will be acquired through the open market through the company and executives' buy-back program. AURI has been planning to file for NASDAQ for several years. The strategic move today is a combination of opportunities. Currently, very low PPS (price per share) provides an opportunity to acquire shares at a very low rate, retiring the shares and reducing the OS. The company produces sales and revenues, and having AURI and all its publicly trading subsidiaries combined under one Holding company allows several qualifiers for NASDAQ achievable. AURI and each of its wholly owned subsidiaries recently received from the
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