Pierre is a manipulating penny stock owner/trader.

It's obvious, when Pierre was selling millions of GHDC shares from his offshore accounts...Bissell and New Visions. He assumed and didn't care about the common shareholder,so by selling and cashing in, he would just compensate himself with his clan all over again their salaries at an all time low....multiplying their share count by manipulating the pps from his selling.

So with todays news, it's obvious that the new management took away their salary compensation......74,990,724 shares.

So to answer your question...the outstanding shares just decreased drastically and the value increased. I believe a stock redemption is similar to a share buyback from its shareholders. Just like the ousting of Pierre....we just took their shares back. Basically, Greek-style.