Atlas Pearls Ord Shs T.ATP

Primary Symbol: APCFF

Atlas Pearls Limited is an Australia-based pearling business company. The Company is a producer of South Sea pearls, specializing in white and silver pearls. The Company operates approximately seven pearl farms throughout the Indonesian archipelago, from the national park lands of Banyu Biru to Flores, and as far east as West Papua. The Company is a fully integrated business including hatchery, seeding, harvesting, grading, trading, design and manufacturing capabilities to sell directly to customers through wholesale partners and via its retail outlets. The Company provides a range of products, such as DOUBLE PEARL BRACELET, CAGE PENDANT, KESHI STUDS, VINE RING, SIMPLE SHEPHERD HOOK EARRINGS, TOP HAT PENDANT, SICKLE PEARL RING, NEOPRENE PEARL BRACELET, FLAT BUTTON STUDS, BUBBLED RING, NEOPRENE PEARL BRACELET, FIXED PENDANT, FILAGREE CUP STUD, FLOWER FILAGREE PENDANT, PAVED DIAMOND PENDANT, OPEN PETAL RING, SIMPLE SHEPHERD HOOK EARRINGS and CAGE PENDANT.

OTCPK:APCFF - Post by User

Atlas Pearls Ord Shs > Flat since 2013

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Comment by Lllennnon Sep 01, 2020 10:57pm

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Post# 31492076

RE:RE:RE:Flat since 2013

The Company believes that the recent trading level of its Common Shares reflects a price that is below management's estimates of intrinsic value per Common Share and thus has determined that an acceleration and expansion of Common Share repurchases is in the best interests of the Company. The board of directors (the "Board"), therefore, has approved the Offer. The Offer provides liquidity to those shareholders that sell under the Offer while increasing the relative ownership of remaining shareholders. The Board, together with management, will continue to review various options for the allocation of capital including, but not limited to, repurchases of the Company's securities (in accordance with applicable laws).HAHA

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