Jun 18, 2015, Press Release
IRVINE, CA--(Marketwired - Jun 18, 2015) - Broadside Enterprises, Inc. (OTC PINK: BRSE) announced today that it is reducing its authorized common stock capital by 63 percent from 39.8 billion to 14.8 billion shares, a reduction of 25 billion shares.
With this announcement, the company is taking another significant step towards restructuring its capital structure. In the past year, Emaji has already cancelled and retired 16 billion common shares and, since January 1, 2015, reduced its total outstanding convertible debt by 61%.
Emaji will continue on this strategic path to prepare a foundation for corporate acquisitions and equity financings.
Additional information about Emaji can be found in the Company's reports and filings at www.OTCMarkets.com.
Broadside Enterprises, Inc. (OTC PINK: BRSE), based in Irvine, California, is a publicly traded company with three divisions: Sports, Entertainment, and Ventures.
NOTES ABOUT FORWARD-LOOKING STATEMENTS
Except for any historical information contained herein, the matters discussed in this press release contain forward-looking statements that involve risks and uncertainties, including those described in the Company's reports and filings at http://www.OTCMarkets.com.
Certain statements contained in this release that are not historical facts constitute forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, and are intended to be covered by the safe harbors created by that Act. Reliance should not be placed on forward-looking statements because they involve unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied. Forward-looking statements may be identified by words such as estimates, anticipates, projects, plans, expects, intends, believes, should and similar expressions and by the context in which they are used. Such statements are based upon current expectations of the Company and speak only as of the date made.
Emaji Investor Relations