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Zerez Holdings's (DRMCD) Builds Net Stockholder Equity
Zerez Holdings's (DRMCD) Builds Net Stockholder Equity.
About this update from Smart Cannabis Corp.
[{"type":"text","content":"Zerez Holdings's (DRMCD) Builds Net Stockholder Equity\n\nZerez Holding’s (OTC: DRMCD) CEO Juan Carlos Murga announces\nthat DRMCD will begin implementation of a new plan to get the Company on a fast\ntrack to the build Net Stock Holder Equity. \n\n The Company has maintained its public disclosure on OTC Markets\nby remaining current in its reporting obligations. Corporately, DRMCD has also\namended its Articles of Incorporation and Corporate Bylaws to create various\nseries of Anti-Dilutive Convertible Preferred Shares to protect its majority\nstakeholders. These securities will soon become available to the common\nshareholders.\n\n The mandate, moving forward, is to start reorganizing the debt\non the balance sheet, so that the company is debt free. The next part of the plan\nis to enhance the Net Stock Holders Equity in the Company by acquiring\nprofitable businesses and or assets, using the Convertible Preferred Stock as\ncurrency.\n\n The Company has recently finished a Reverse Split.\n\n “Shares are available to the Transfer Agent as of now,” says Murga.\n“In the 1-for-100 Reverse Stock split, every 100 shares of issued and\noutstanding common stock will be converted into one share of issued and\noutstanding common stock. If that number falls below 100, the share amount will\nbe rounded up to 100.”\n\n Details of the Reverse Split:\n\n DRMCD stockholders should have received instructions from its\ntransfer agent, Action Stock Transfer Corp. as to procedures for exchanging\nexisting stock certificates for new certificates or book-entry shares and for\nthe receipt of cash proceeds in lieu of fractional shares.\n\n FINRA has announced this corporate action requested by Zerez\nHoldings and Action Stock Transfer Corp. on 4/11/2016.\n\n 1:100 reverse split\n\n New CUSIP: 989470109\n\nNew Ticker: ZRZH\n\n Current Shares\nOutstanding (as of April. 20th, 2016): 54,525,865\n\n Transfer Agent\nresponsible to process corporate action: Action Stock Transfer Corporation\n\n Juan Carlos Murga, CEO of Zerez Holdings says,\n“This new plan is absolutely necessary in order to attract investment into DRMCD.\nWe will also be able to restore investor confidence, if we commit ourselves to\nremove affiliate & non-affiliate debt, and build net stockholders equity on\nthe ba...