B2Digital Inc. (OTCBB: BTOD.OB) sent a strong signal to the investment community today with its announced retirement of 48,000,000 shares of common stock. Investors are responding well today to the news, as the shares are up 6.67% at mid-day.
In this strategic move, the Company was able to finalize a share exchange agreement with an existing shareholder, whereby the shareholder will exchange 48,000,000 shares of common stock for a class of preferred shares. B2Digital intends to withhold these common shares in their treasury account.
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