Business
Syndication, Inc; DOWN -350 MILLION SHARES OUTSTANDING; BOD DECLARES INTENT TO CONTINUE STOCK BUY BACK AND RESCISSION PROGRAM INTO 2016
Syndication, Inc; DOWN -350 MILLION SHARES OUTSTANDING; BOD DECLARES INTENT TO CONTINUE STOCK BUY BACK AND RESCISSION PROGRAM INTO 2016.
About this update from Day Tradexchange, Inc.
[{"type":"text","content":"\nDAMASCAS, MD., April 28, 2016 (GLOBE NEWSWIRE) -- Syndication Inc., (SYNJ.PK), on April 12th, 2016 filed its 2015 Year End 4th Quarter Financial Statement indicating that over the last two Quarters the Company's stock buyback and rescission program resulted in a net reduction of its I/O (Issued and Outstanding), by -350 Million shares of Common Stock.\n\n\tThe BOD then passed resolutions declaring its intent to continue the program through 2016.\n\n\tThe BOD concluded that the Buyback and Rescission Program and other recently implemented strategies are effectively altering the Company's financial profile to meet the financial requirements outlined within Tier 3 of the qualification standards for the AMEX-ALTERNEXT Exchange. All prerequisites including a $4 Million valuation requirement, are steadily being achieved. The stock buyback and rescission strategies are designed to gain the equity leverage and stock price levels required to meet the qualification standards of the exchange. These benchmark achievements matched with the addition of a revenue dimension should effectively alter the overall financial profile of the Company, justify an increase in the market valuation of ARCHER and Syndication Inc. the Parent, and produce a subsequent positive affect on our stock price. When asked to describe why ARCHER is creating such a buzz in the day trading market, the CEO responded, \"take 2 minutes, click the link below and watch todays \"Trade of the Day\" video on our DTX You Tube page, and then you'll quickly understand\", said CEO of Syndication Inc., Sorrentino.\n\n\tSEE ARCHER IN ACTION; Trade of the Day; on YOU TUBE: https://www.youtube.com/channel/UCy6cbOBL89UpZEC5tKlyeBg \n\t\"FREE LIVE TRADING ROOM VISITORS PASS\"\n\n\tDTX invites investors and traders of all experience and those simply curious about day trading to watch and listen to our professional traders make live trade calls in the DTX trading room. To schedule a FREE LIVE TRADING ROOM VISITORS PASS simply go to www.daytradexchange.com and enter your e-mail address and a trading coordinator will contact you with arrangements, (no credit card required). Login to DTX's live trading room from your computer and witness professional traders call trades in crude oil (CL), natural gas (NG), Russell 2000 (TF), Euro Currency (6E), S &P 500 (ES) and other futures markets. T...