Cleartronic, Inc. (CLRI) Increases Shareholder Value with Cancellation of Shares, Engages PR and Marketing Firm
Earlier this morning, Cleartronic reported the signing of a new employment agreement with its CEO, Larry Reid. As part of the agreement, Mr. Reid agreed to cancel two billion of his common shares. "These shares were issued several years ago to protect the Company against an adverse takeover. Mr. Reid has received a new employment contract and other consideration for the share reduction. The reduction does not involve any other shareholder nor reduces the number of shares of any other shareholder," stated Richard Lackey, a member of the Company's Board of Directors. "The share reduction is effective today, along with…