Business
Visual Healthcare Corp. (OTC: VSHC) Announces Share Exchange Agreement and Planned Retirement of 230 Million Shares of Common Stock
Visual Healthcare Corp. (OTC: VSHC) Announces Share Exchange Agreement and Planned Retirement of 230 Million Shares of Common Stock.
About this update from Movement Inds Corp.
[{"type":"text","content":"\nTransaction to Result in 43% Reduction of Outstanding Common Shares\n Houston, TX, April 30, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Visual Healthcare Corp. (OTC PINK: VSHC) announces today that a share exchange agreement has been signed for the return to the company of 230 million shares of Visual Healthcare Corp. common stock.  The shares were initially issued to Ithaca Scientific Ventures, Inc. and were pledged as collateral on a loan to a third party. Mr. Gerard Dab, former CEO of Visual Healthcare Corp. and current CEO of VisualMED Clinical Solutions Corp., was instrumental in facilitating the transaction between the two parties.  The company plans to cancel the shares once the transaction is complete. Mr. Linh Nguyen, CEO, states, “We would like to thank Mr. Dab for his cooperation and professionalism in bringing the two parties together and helping us reach a mutually-beneficial agreement.  We are pleased to have been able to resolve this issue without a long, drawn out legal process while also reducing any risk of dilution to current shareholders.” “These agreements go a long way to help protect the interest of the many long-term shareholders,” concludes Mr. Gerard Dab. “We are excited about the new direction of the company and will continue to cooperate with the new management team to increase shareholder value.” Details of the agreement will be released through OTC Markets once the transaction is finalized and all obligations of each party have been satisfied.  With the retirement of these shares, Visual Healthcare Corp. will have approximately 311 million issued and outstanding shares of common stock.  This equates to a reduction of approximately 43% of our current outstanding shares. Our focus now turns to the completion of the remaining filings in order to get current with OTC Markets.  We anticipate this task to be completed in the coming days, at which time we will begin finalizing paperwork to close on the first of our many planned acquisitions. Thank you to all shareholders for your patience and continued support throughout this process.   About LTN Capital Ventures LTN Capital invests in emerging growth companies in the energy, oil & gas, and industrial manufacturing sectors. Our management team is comprised of executives wit...