Wall Street News Alert Highlighted Company: Signature Devices, Inc. (SDVI.PK) Retires 277 Million Shares of Common Stock
Yesterday after the markets closed, Signature Devices announced that 277,000,000 shares will be retired to preferred convertible stock. The retirement will reduce the total number of outstanding shares and is anticipated to increase shareholder value. The CEO of CEO of Signature Devices stated, “It has always been our intention to provide the sort of capital structure that will best help us deliver shareholder value. As such, we wanted to reduce the common outstanding shares on the market. We are also in the process of PCOAB audits in preparation to becoming a fully reporting company and having our company's stock upgraded.…