Business
Cancellation of Common Stock and Lowering of Authorized
Cancellation of Common Stock and Lowering of Authorized.
About this update from A1 Group, Inc.
[{"type":"text","content":"A1 Group, Inc. (the “Company” or “AWON”) would like to announce that a significant block of Common Stock is in the process of being cancelled and the Company will be filing the appropriate documents to lower its authorized Common Stock.The Company has been notified by its transfer agent that a former control shareholder of the Company is processing the cancellation to treasury of 51,470,460 shares of Common Stock and 5,000,000 shares of Series “A” Preferred Stock (“Cancellation”). This Cancellation will lower the shares of Common Stock issued and outstanding from 412,226,498 to 360,756,038, a 12.47% reduction. Upon completion of the Cancellation, the Company will file the necessary documents with the Nevada Secretary of State, Corporations Division to amend its Articles of Incorporation to lower the authorized Common Stock to 375,000,000 shares of Common Stock, a 50% reduction. This transaction was consummated with one goal in mind, to maximize shareholder value.Disclaimer Regarding Forward Looking Statements Certain statements that we make may constitute “forward-looking statements” under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as “believes,” “expects,” “anticipates,” “intends,” “plans,” “estimates,” “projects,” “forecasts,” and future or conditional verbs such as “will,” “may,” “could,” “should,” and “would,” as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties, and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements.ABOUT US A1 Group, Inc. is a Nevada ...