Business
Dewmar International BMC, Inc. (DEWM) Retires Over 100 Million Shares of Common Stock
Dewmar International BMC, Inc. (DEWM) Retires Over 100 Million Shares of Common Stock.
About this update from Dewmar Intl Bmc Inc
[{"type":"text","content":"\n \n \n Dewmar International BMC, Inc. (DEWM) Retires Over 100 Million Shares of Common Stock\n \n \nDewmar International BMC, Inc. (DEWM) Retires Over 100 Million Shares of Common Stock\n \n HOUSTON, TX--(Marketwired - Jun 28, 2017) - Dewmar International BMC, Inc. (OTC PINK: DEWM), a diversified brand management and operating company that conducts business across variegated industry sectors, announced today the retirement of over 100 million outstanding shares of common stock.\n After a series of discussions with a number of longstanding shareholders of Dewmar stock, the company successfully negotiated through a series of private transactions the retirement of these shares on June 27, 2017. This action will improve the capital structure of the Company and overall shareholder value. \n CEO Dr. Marco Moran stated, \"The return of these shares to the treasury instantly adds value to our shareholders and demonstrates our commitment to our loyal shareholder base while maintaining a strong and healthy capital structure. Furthermore, the definitive retirement of these significant amount of shares shall be reflected on Dewmar's upcoming quarterly report and it will cause a retroactive improvement of the Q1 2017 financials,\" Dr. Moran continued. \n This was the first of multiple attempts that Dewmar will be actively pursuing to retire outstanding shares and to tighten up the float as much as possible. For investors who have followed Dewmar since Q1 2014, they may recall that this stock PPS soared to 3.3 cents, trading over 5.6 billion shares within that narrow period. \"Back then, our only revenue source was from beverage sales; since then, we have generated close to $10 million in revenue from healthcare and numerous other product sales; our revenue portfolio is extremely synergistically diverse, plus we have started doing serious business with the world renowned Willie Robertson,\" Dr. Moran exclaimed with a sheepishly boyish grin.\n The point that Dr. Moran is trying to make is that the float is basically the same today as it was then, but the Company is now self-sustainable, has no toxic financing and has no debt tied to harmful outlays of stock compensation. The Company's executives expect a significant growth curve for not just the remainder of this year but for years to come. Additionally, the Company is targeting another 400 ...