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Bullboard - Stock Discussion Forum Zamage Digital Art Imaging Inc ZMGD

GREY:ZMGD - Post Discussion

Zamage Digital Art Imaging Inc > ZMGD 2.2 Billion Share Buyback
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Post by morganagordona on Jul 06, 2011 3:45pm

ZMGD 2.2 Billion Share Buyback

HENDERSON, NEVADA, Jul 06, 2011 (MARKETWIRE via COMTEX) -- Zamage Digital Art Imaging, Inc. (PINK SHEETS:ZMGD) (www.zamagedigitalcorp.com) management announces steps to reduce the number of outstanding shares by 2.2 billion shares.

These are restricted shares being purchased from a majority shareholder.

The current outstanding share structure of ZMGD (see OTC Markets at https://www.otcmarkets.com/stock/ZMGD/company-info)sits currently at 2,653,738,095. This will be reduced by 2.2 billionshares to be approximately 450 million outstanding shares. OTCMarkets(Pink Sheets) and the State of Nevada will be updated shortly.

More updates to follow shortly and frequently.

Comment by stock.angele on Jul 06, 2011 3:52pm
A buyback allows companies to invest in themselves. By reducing the number of shares outstanding on the market, buybacks increase the proportion of shares a company owns. Buybacks can be carried out in two ways:1. Shareholders may be presented with a tender offer whereby they have the option to submit (or tender) a portion or all of their shares within a certain time frame and at a premium to the ...more  
Comment by JudithKeenan on Jul 06, 2011 4:09pm
ZMGD gettin in in the morning for sure it looks prime for tomorrow.
Comment by morganagordona on Jul 06, 2011 4:13pm
Just imagine what will happen tomorrow!  Can`t wait for trading to start!
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