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Consumer Automotive Finance, Inc. Announces Cancellation of 70,000,000 Common Shares
Consumer Automotive Finance, Inc. Announces Cancellation of 70,000,000 Common Shares.
About this update from Fifty 1 Labs Inc.
[{"type":"text","content":"\n\n\n\nConsumer Automotive Finance, Inc. Announces Cancellation of 70,000,000 Common Shares\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nConsumer Automotive Finance, Inc. Announces Cancellation of 70,000,000 Common Shares\nPR Newswire\nMELBOURNE, Australia, Oct. 31, 2023\n\n\n\nCompany has Pink Limited Information Yield Sign Removed\nMELBOURNE, Australia, Oct. 31, 2023 /PRNewswire/ -- Consumer Automotive Finance, Inc. (OTCPK: CAFI), a company that operates in the sports supplement, fitness equipment, and health and wellness industries, is pleased to announce it has reduced its issued and outstanding common shares of stock by seventy million (70,000,000) shares.\n\nThe Company recently had its Pink Limited Information \"Yield\" sign removed and has submitted a letter to OTC in efforts to remove the Shell Risk classification. The Company is tightening up its share structure and will be working on its 15c2-11 along with uplisting to the OTCQB market tier.\nThe Company recently filed forms with FINRA to process its name and symbol change. The Company's new name, Fifty 1 Labs, Inc. is anticipated to go into effect within the next several weeks. The name and ticker symbol change will better reflect the Company's origination and foundation.\n\"I am excited to announce to our shareholders that our efforts in getting the Company current with the OTC have paid off and we are on track in executing our roadmap in meeting qualifications to uplist to the OTCQB,\" stated Robert Clark, CEO of Consumer Automotive Finance, Inc. \"We have also filed our name and symbol change with FINRA, which we anticipate will go into effect within the next few weeks. This is a big step in aligning our Company name with our origination, products, and foundation.\"\nThe Company recently announced it has launched its much-anticipated line of sports supplements and nutrition products under its \"51\" brand. 51's journey began with former NFL player and two-time National Champion with the Florida Gators, Brand Spikes, who saw the need for high quality sports nutrition products during his time as a p...