Business
HIRU CORPORATION - Additional lowering of Authorized Common Stock
HIRU CORPORATION - Additional lowering of Authorized Common Stock.
About this update from Hiru Corp.
[{"type":"text","content":"PHOENIX, AZ / ACCESSWIRE / August 19, 2021 / Hiru Corporation (OTC PINK:HIRU), a Georgia corporation, has tasked its securities counsel with amending its articles of incorporation to lower its authorized Common Stock again, this time from 2,000,000,000 shares to 1,750,000,000 shares.Ms. Kathryn Gavin (President and CEO of the Company), states…"On July 15, 2021, we lowered our authorized common stock by 3,000,000,000 shares of Common Stock to 2,000,000,000 shares of Common Stock. Today we lowered it another 250,000,000 shares to 1,750,000,000. Again, this is further corporate action on our part is to provide additional benefits current shareholders and to become more attractive to future company acquisitions. This additional lowering was justified as we further analyzed our future corporate needs and requirements allowing us to make further adjustments to our capital structure."This additional corporate action strengthens our commitment to making the Company more attractive to future acquisitions and putting in place an even stricter anti-dilutive, pro market investor common stock structure."Ms. Gavin further stated…"This additional decrease of 250,000,000 shares of Common Stock from our authorized will come with the same corporate promise not to conduct an increase in the amount of stock authorized for a minimum period of three calendar years. Additionally, moving forward, this additional move should confirm to our shareholders that we have again have no intention to dilute the issued and outstanding common stock except with regards to material acquisitions. Again, we have one goal as good corporate stewards…to maximize shareholder value."Disclaimer Regarding Forward Looking StatementsCertain statements that we make may constitute "forward-looking statements" under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as "believes,&quo...