Dinatrum will reduce Float and Authorized Number of Shares
MONTREAL, Sept. 24, 2019 (GLOBE NEWSWIRE) — Dinatrum/Alumifuel Power Corporation (“Dinatrum” or the “Company”) (OTC Markets: AFPW) September 23, 2019, Mr. Pedro Villagran-Garcia, President & CEO, the company is planning to lower the number of shares on its float by requesting cancellation of free trading shares.
We estimate that the company could lower the amount on 300 Million Shares, which will eventually diminish our float to around 3.8 or 3.9 Billion. This number could be higher than that depending on several factors that we will discuss further. Some of you may think that the number is low, but once stock price starts to reflect an increase in value this number will cause to generate positive momentum. The number represents almost 7.5% of the float, and it may increase as a due diligence is performed.
The company has also determined that it will lower the Authorized number of shares from 10 Billion to 7.2 Billion Shares.
The company recognizes the importance of presenting Financial Statements and is working daily to present them to OTC Markets in order to remove Stop Sign. Further announcements and updates will be made as deemed necessary.
The Company’s name change, and new trading symbol will be effective in the over-the-counter markets when FINRA has completed its review of the Company’s application for the name change.
DINATRUM, INC./ALUMIFUEL POWER CORPORATION
DINATRUM is a Real Estate Investment Trust with projects within North America.
On behalf of the Board,
Pedro Villagran-Garcia,
President & CEO
Dinatrum
For further information, please contact the company at 1-514-432-7746 or by email at info@dinatrum.com
Forward Looking Statements
Certain information contained in this press release, including any information as to our strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance, constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other thanAdd New statements of historical fact, are forward-looking statements. The words “believe,” “expect,” “will,” “anticipate,” “contemplate,” “target,” “plan,” “continue,” “budget,” “may,” “intend,” “estimate,” “project” and similar expressions identify forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.