Business
AURI Inc., AURI Retires 1,124,498,000 Shares of Outstanding Common Stock.
AURI Inc., AURI Retires 1,124,498,000 Shares of Outstanding Common Stock..
About this update from Auri, Inc.
[{"type":"text","content":"DALLAS, TX / ACCESS Newswire / February 3, 2025 / AURI Inc. (OTCPK:AURI) (the Company)AURI Inc., is pleased to announce one of the company's largest shareholders has exchanged their shares of common stock for a Company note, and almost 1.125 billion shares of common stock have been returned to the transfer agent and retired into the Company's treasury. The transaction, effective February 1, 2025, results in a decrease of outstanding shares by 1,124,498,000 shares and leaves the Company with fewer shares outstanding on February 1, 2025, than it had as of February 1, 2024.Edward Vakser, AURI's CEO is quoted as saying, "This net reduction in common stock outstanding over the year came at the end of the most significant twelve-month period in the Company's history, during which the Company achieved numerous operational milestones. As we expand the company, we will also take steps to streamline the capitalization of the company to further enhance shareholder value."About Auri Inc.AURI Inc. as good as gold! The Company was formed by a group of investors whose talents and interests were based in Production, Content Development, Audio/Visual Presentations, Intellectual Properties Development, and acquisitions, as well as oil and gas and real-estate investments. The company launched its own Crypto Currency, www.Auritoken.io and has licensed its Art Inventory at nft/blackdracos.com. The management is based around seasoned corporate officers, directors and consultants who are experienced in management and mergers/acquisitions of multimillion dollar companies. The company's plan and concept were developed and based around a plan of acquiring and developing High End Art and Reproductions, backed by AURI Gold Crypto Currency, focusing AURI INC to become a Publisher and Licensor as well as NFT developer. Then, retaining the duplication and reproduction rights, on an exclusive basis, in order to sell and distribute the products worldwide. The company and management believe that they can create, sustain and grow one of the largest art publishing companies in the world. AURI Inc., also owns a "wholly owned subsidiary" : EVAP Inc. Evap Inc. has patent pending technology to assist with one of the biggest issues in the oil and gas industry, "PRODUCED WATER". The technology can take produced saltwater and turn it into a ...