DoMark International, Inc. (DOMK) Reduces the Number of Shares Issued by 60.5 Percent; Cancels Convertible Preferred Shares
DoMark International, an investment company focused on owning and developing patented and innovative mass market consumer products, today announced that it has cancelled 5.74 million Common A shares issued to Victory Lane LLC, reducing the total number of shares currently issued and outstanding to approximately 36.5 million, a reduction of more than 60%. On May 13th, 2009, the company issued 5,747,126 million Common A Shares for assets in Victory Lane LLC. As a result of never receiving the assets promised by Victory Lane, the Board of Directors has cancelled this transaction and corresponding shares. Furthermore, the company’s Board of Directors…