Business
Caduceus Announces Plans for The Buyback & Cancellation of Up To 2 Billion Shares of Common Stock
Caduceus Announces Plans for The Buyback & Cancellation of Up To 2 Billion Shares of Common Stock.
About this update from Caduceus Software Systems Corp.
[{"type":"text","content":"CHEYENNE, WY / ACCESSWIRE / May 28, 2021 / CADUCEUS SOFTWARE SYSTEMS, CORP. (OTCPINK:CSOC) ("Caduceus" or the "Company"), a publicly traded Wyoming-based holding company focusing on the acquisition of commercialized businesses currently entering the recession proof Pet Food and Pet Care industry with the pending acquisition of McLovin's Pet Food, Inc. is pleased to announce its plans for the buyback and cancellation of up to 2,000,000,000 shares of issued and outstanding common stock.The Company, on May 10th, 2021 announced the settlement and write of $ 3,039,880 as part of its ongoing restructuring transactions. With the buyback and cancellation of up to 2 Billion shares of issued and outstanding common, the issued and outstanding common stock would be lowered from approximately 2,339,600,000 shares to approximately 339,600,000 shares. This is an 85.5% reduction in the amount of issued and outstanding common stock of the Company."We continue to move forward on many fronts. Debt settlement and Restructuring is going to be beneficial to our Company and Shareholders in the long run. More importantly, this latest action helps lay the groundwork for our long-term plans to up list the Company to trade on the NASDAQ I believe this will make the Company more attractive for both potential acquisitions - among which is our pending acquisition of McLovin's Pet Food, Inc. - and for current shareholders and future investors. " said Alex Chen, CEO of Caduceus Software Systems Corp.The Company would also like to invite existing and future shareholders to join the Discord channel - hosted by Apollo Assets - where it will be hosting weekly Q&A sessions.To join future investor Q&As on the company's platform, open a free account with Discord using this link: www.Discord.comUse this link to join and access the Caduceus / Apollo Assets Discord channel:https://discord.gg/Y7vN6QxkAbout CADUCEUS SOFTWARE SYSTEMS, CORP.Caduceus Software Systems Corp is a Wyoming-based holding company focusing on the acquisition of commercialized businesses. The Company is currently entering the recession proof Pet Food and Pet Care industry with the pending acquisition of McLovin's Pet Food, Inc. a California company specialized in the manufacturing and distribution of quality pet foods and accessories. The Pet Food...