Auri Inc. Share Buyback 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
DALLAS, TX - ( NewMediaWire ) - May 28, 2024 - Auri Inc. (OTCPK: AURI) (the Company): Today the company is sharing the detailed buyback, share reductions and share retirement program. The company established a percentage-based program for acquiring shares in the market. The first 3 billion AS have already been cancelled. The new Transfer Agent, Legacy, will also retire another 1 billion from recent common shares that EQ TA, and then Signature TA were assigned to complete. The DTCC finally cleared Legacy as the new TA. The share retirement formula is structured based on the percentage of sales. Regardless of the PPS, the share acquisition will continue as long as 10% of gross revenues are used as purchasing budget. The company will have an agent as well as a BD as an acquisition representative. In addition, the company is spinning off several of its wholly owned subsidiaries and will use the proceeds for additional funding buyback. This includes the sale of several art assets. "
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