550,811,833 Common Stock Equivalents Returned to 141 Capital, Inc.’s Treasury
15 10월 2009 - 8:30PM
Business Wire
141 Capital, Inc. (OTCPK: ONCP).
141 Capital announced today that 141 Futures, LLC, a limited
liability company, that was owned by the principals of 141 Capital,
Inc. has returned 10,141 shares of 141 Capital’s Series A
Convertible Preferred Stock to 141 Capital. In addition, the Board
of Directors cancelled an additional 200,000 shares of Series A
Preferred. The Preferred Stock contributed and cancelled will be
returned to 141's treasury.
Errol Stone stated, “The contribution and cancellation of these
Series A Preferred shares represents tangible value to our
shareholders. If all of the 210,141 preferred shares were converted
into 141 Capital’s common stock on September 30, 2009, the Company
would have been obligated to issue 550,811,833 shares of common
stock to 141 Futures and others.”
About 141 Capital, Inc. (www.141capital.net)
141 Capital, Inc., is a publicly traded company based in
Chicago. Its primary operations involve commodity trading for its
own account utilizing trading systems for trading financial
products listed on the world's derivatives exchanges.
Safe Harbor Act: This release includes forward-looking
statements made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995 that involves
risks and uncertainties including, but not limited to, the impact
of competitive products, the ability to meet customer demand, the
ability to manage growth, acquisitions of technology, equipment, or
human resources, the effect of economic business conditions, and
the ability to attract and retain skilled personnel. The Company is
not obligated to revise or update any forward-looking statements in
order to reflect events or circumstances that may arise after the
date of this release.
141 Capital encourages its shareholders to email any and all
questions and suggestions. We usually respond to questions after
business hours and understand it may take several days to receive a
response. Email: info@141capital.net.
141 Capital (GM) (USOTC:ONCP)
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