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Halitron, Inc. Announces Stock Buyback Program
Halitron, Inc. Announces Stock Buyback Program.
About this update from Halitron Inc
[{"type":"text","content":"\n \n \n Halitron, Inc. Announces Stock Buyback Program\n \n \nHalitron, Inc. Announces Stock Buyback Program\n\nBoard Approves Stock Buyback in the Open Market up to $0.01 per share\n\n \n NEWTOWN, CT--(Marketwired - Oct 30, 2017) - Halitron, Inc. (the \"Company,\" \"Halitron\") (OTC: HAON), a multisector holding company, today announced that the Board has approved a stock buyback of Halitron's common shares in the open market up to a stock price of $0.01.\n Management and the Board agree that since the acquisition of The Hopp Companies, Inc, which is a profitable company projecting positive cash flows from operations, these initiatives should allow Management to be able to deploy cash flow in a manner to increase shareholder value by engaging in a stock buyback program to place shares back into treasury.\n Previously, Management had announced the efforts to complete an audit to up list to the OTC Markets QB level. To complete the OTC QB application, the following must be achieved:\n Step 1: Determine Eligibility\n \n \n Audited annual financials prepared in accordance with U.S. GAAP by a PCAOB auditor. (Regulation A Companies are exempt from the initial requirement).\n \nBe Alternative Reporting.\n \nHave a minimum bid price of $0.01 as of the close of business for each of the last 30 calendar days.\n \nMay not be subject to bankruptcy or reorganization proceedings.\n \nMust have an SEC registered Transfer Agent.\n \nMeet Corporate Governance Standards: a) Have a board of directors that includes at least two Independent Directors; and b) Have an Audit Committee, a majority of the members of which are Independent Directors on board independence (Alternative Reporting only).\n \n \n Step 2: Submit OTCQB Application Materials along with an application Fee ($2,500).\n Step 3: Upload Documents through http://www.otcmarkets.com/services/companies/otcqb/apply \n \n \n Alternative Reporting Companies: Disclosure must be posted through www.OTCIQ.com for the prior two years pursuant to the OTCQB Standards along with Verified Company Profile and CEO/CFO Certification document.\n \n \n Step 4: Submit the Annual Fee ($10,000).\n Step 5: Begin Trading on OTCQB.\n After reviewing the guideline issued by OTC Markets on an Alternate Reporting Pink to up list to the QB, Management feels that following the guidelines rather than filing an expens...