News just released
posted on
Nov 14, 2016 09:25AM
Bravo Multinational, Inc. (BRVO) Reduces Outstanding Stock
TORONTO, ON--(Marketwired - November 14, 2016) - Bravo Multinational Incorporated (OTCQB: BRVO) reports a drastic reduction of the Corporation's issued and outstanding common shares.
BRVO OUTSTANDING SHARES REDUCED By 133.6 MILLION SHARES
Bravo Multinational Incorporated reduced its issued and outstanding common shares by over 133.6 MILLION SHARES. Now, the issued and outstanding common shares stand at just over 257 million. This reduction occurred through shares being returned to treasury through a variety of actions, including:
- Shares returned due to contract cancellations and court action;
- Shares returned from employment compensation issuances;
- Return of capital investment stock issuances; and
- Subsidiary shares return of Bravo Gaming Corporation.
Of the approximately 257 million remaining shares outstanding, over 94 million shares issued outside of legal protocols, remain under Company "Administrative Stop" ("Hold"); potentially resulting in additional share cancellations in future court proceedings.
The Company continues to work diligently on improving its Corporate structure while growing a profitable business and enhancing shareholder value.
About Bravo Multinational Incorporated: