Business
MDCE / Infinite Auctions Reduces Outstanding Shares by 33% and Launches 6-Figure Historic Michael Jordan Shoe Collection Auction!
MDCE / Infinite Auctions Reduces Outstanding Shares by 33% and Launches 6-Figure Historic Michael Jordan Shoe Collection Auction!.
About this update from Medical Care Technologies Inc.
[{"type":"text","content":"\n\n\n\nMDCE / Infinite Auctions Reduces Outstanding Shares by 33% and Launches 6-Figure Historic Michael Jordan Shoe Collection Auction!\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\nMDCE / Infinite Auctions Reduces Outstanding Shares by 33% and Launches 6-Figure Historic Michael Jordan Shoe Collection Auction!\nPR Newswire\nMESA, Ariz., Jan. 8, 2025\n\n\n\nMESA, Ariz., Jan. 8, 2025 /PRNewswire/ -- Medical Care Technologies Inc. / Infinite Auctions (OTC PINK: MDCE) is pleased to announce a significant reduction in its outstanding shares, marking another milestone in our ongoing commitment to maximizing shareholder value. The current outstanding share count has been reduced from 3,029,575,220 to 2,029,575,220 shares. This reduction was achieved by returning 1,000,000,000 restricted shares from the outstanding share pool back to treasury. This move follows a similar reduction on October 17, 2024, when 200,000,000 shares were also returned to treasury.\n\n \n \n \n \n \n \n\n \nIncreased Shareholder Value Through Reduced Market Cap\nAs of the close on January 7, 2024, with a share price of $0.0023, the company's market cap stood at $6,816,544. Following the reduction of 1,000,000,000 outstanding shares, the new market cap is recalculated at $4,668,023, resulting in a substantial increase in per-share value. This enhancement is further underscored by the company's tangible value with it's inventory alone having an estimated current market value worth almost double the current market cap.\nIconic 6-Figure Michael Jordan Shoe Collection Featured in our Current Auction\nInfinite Auctions is thrilled to present a once-in-a-lifetime opportunity for collectors and enthusiasts with an unparalleled lineup of iconic Michael Jordan game-worn sneakers. This historic auction will feature Jordan's 1985-86 Game-Worn OG Air Jordan I sneakers, famously worn during his final NBA game of that season, a pair of sneakers worn during his legendary 64-point game from the 1992-93 season, and an ultra-rare, photo-matched pair of baseball cleats from his time pursuing a professional baseball care...