Bullboard - Stock Discussion Forum Auri Inc AURI

Consumer Cyclical Footwear & Accessories

Auri, Inc. is a holding company. The Company owns Evap Inc., and is affiliated with Black Dragon Inc., (BDGR) and Legacy Art Group LLC. The Company is involved in various multi-faceted development deals, including oil and gas, art and entertainment sponsored product sales. It has launched its own tokens and crypto. It has also licensed its art inventory at nft/blackdracos.com. Its subsidiary... see more

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Auri Inc > Auri Inc. Share Buyback Program

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Post by AveragePenny on May 28, 2024 10:05am

Auri Inc. Share Buyback Program

AURI defines new share reductions, share buyback and retirement program

DALLAS, TX - (NewMediaWire) - May 28, 2024 - Auri Inc. (OTCPK: AURI) (the Company): Today the company is sharing the detailed buyback, share reductions and share retirement program.

The company established a percentage-based program for acquiring shares in the market. The first 3 billion AS have already been cancelled. The new Transfer Agent, Legacy, will also retire another 1 billion from recent common shares that EQ TA, and then Signature TA were assigned to complete. The DTCC finally cleared Legacy as the new TA. The share retirement formula is structured based on the percentage of sales. Regardless of the PPS, the share acquisition will continue as long as 10% of gross revenues are used as purchasing budget. The company will have an agent as well as a BD as an acquisition representative.

https://www.newmediawire.com/news/auri-inc-share-buyback-program-7075403