| J-Corporation (JCP) News:
 |
2008-03-17
We increased the value of the shares for you!!
Destruction of owner shares. + new ticker Symbol "JCP" |
Dear Share-Holders,
We have destroyed 66% of the shares to increase your profits when we make profits!!!
Let me explain.
Before it was like this.
Owner Locked Shares : 4.000.000 --> 76.92%
SPO Shares 600.000 --> 11.54%
Stock Options 600.000 --> 11.54%
Total 5.200.000 shares --> 100%
We used the stock options to convert old SLC shares at the ratio of 5:1 resulting in :
Owner Locked Shares : 4.000.000 --> 76.92%
Stock options : 129.993 --> 2.49%
Public Shares 1.070.007 --> 20.59%
Total of 5.200.000 shares --> 100%
We bought back 229.495 shares at 0.65L$
Then we did what we felt was neccesary for our shareholders. Increase the value of their shares. How did we do it? Please read on.
Destruction of 3.100.000 locked owner shares (Yes thats right. 77.5% of the owner shares have been destroyed!!)
Destruction of 120.505 Stock options
Destruction of 229.495 bought back shares
resulting in,
Owner locked shares 900.000 --> 51.43%
Stock Options 9.488 --> 0.54%
Public shares 840.512 --> 48.03%
There you go the public holds now 48.03% of the shares and will receive a larger dividend then when we would had left it how it was. we raised your share value with more then 100% (theoreticly your share is worth 200% more now as we destroyed 66% of all shares) and hope that our shareholders that had the patience to give us time to work things out with the VSTEX are pleased as we are looking forward to a bright future.
Thank you again to you, our Share-Holders.
TheLoneWolf Arkin, CEO J-Corporation. |
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