BlackHawk Fund (BHWF.OB) Reduces 1 Billion Shares of Common Stock
Making headlines was The Blackhawk Fund, which announced the reduction of 1 Billion authorized shares of the company's common stock. The Board of Directors unanimously voted in favor of reducing BlackHawk's authorized shares from 4 Billion to 3 Billion shares in an effort to deliver shareholder appreciation. At the current time, the company's majority shareholder controls the equivalent of 2 billion shares as Preferred B stock, which are affiliate restricted shares that cannot be sold into the market. BlackHawk’s reduction in stock is an effort to recapitalize the Company in a manner that will yield price appreciation as business grows.…