Global Holdings, Inc. (GBHD) Retires 151,000,000 Shares of Its Common Stock to Corporate Treasury
April 10 2014 - 1:00PM
Marketwired
Global Holdings, Inc. (GBHD) Retires 151,000,000 Shares of Its
Common Stock to Corporate Treasury
VIRGINIA BEACH, VA--(Marketwired - Apr 10, 2014) - Global
Holdings, Inc. (PINKSHEETS: GBHD) announces that 151,000,000 (151
M) shares of its common stock had been retired to the corporate
stock treasury account.
These 151 M in total aggregate shares, based on terms within
acquisition agreements, have been returned due to the higher values
in the Company's stock price. These terms stipulated that if
GBHD's stock price and subsequent market capitalizations hit
predetermined pricing thresholds within a given time period,
percentages of stock would be returned to the issuer, GBHD.
Currently, the Company after this retirement of shares has
257,801,248 issued and outstanding as of this date, April 10,
2014.
Global Holdings, Inc. owes no suppliers or manufacturers;
inventories that are held have all been paid-in-full.
For further information about this release, contact Rich Kaiser,
Investor Relations, YES INTERNATIONAL, #757-306-6090.
Safe Harbor statement under the Private Securities Litigation
Reform Act of 1995: Certain forward information contained in this
release contains forward-looking statements that involve risk and
uncertainties, including but not limited to, those relating to
development and expansion activities, domestic and global
conditions, and market competitions.
CONTACT: Global Holdings, Inc. Rich Kaiser Yes International
757-306-6090
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