FORT WAYNE, IN, August 29, 2013 -- Freedom Energy Holdings, Inc. (OTC Pink: FDMF) CEO, Brian Kistler, today announced that he has submitted the documentation to have 500 million common shares exchanged for 5,000 Preferred Series D shares.
“Since I founded the company in 2005 I have never sold any of my common shares and have no plans on doing so in the future. I want to do all I can to bring more value to the shares that are free to trade with the public by exchanging my shares for Preferred. This transaction will reduce the Issued and Outstanding share count 500 million shares to 2,055,036,558. This leaves me with 1.5 billion shares of which if all goes as planned and at the opportune time, my plan is to do the same with the majority of these shares as well,” stated Kistler.
“On a side note speaking of the share count, according to the reports on http://regsho.finra.org/regsho-Index.html there have been over 15 million shares shorted over the past couple of weeks. I have no idea who is doing this and why they are trying to harm our shareholders, so I appeal to the person(s) responsible for this activity to please stop and allow the price of the stock to do what it will on its own.
Further updates regarding “ELAS” will be forth coming in the very near future.
FORWARD LOOKING STATEMENT-This press release contains certain “forward-looking” statements, as defined in the United States Private Securities Litigation Reform Act of 1995 that involve a number of risks and uncertainties. Statements, which are not historical facts, are forward-looking statements. The Company, through its management, makes forward-looking public statements concerning it expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company’s best judgment based upon current information and involve a number of risks and uncertainties, and there can be no factors that could cause actual results to differ materially from those estimated by the Company. They include, but are not limited to, the Company’s ability to develop operations, the Company’s ability to consummate and complete the acquisition, the Company’s access to future capital, the successful integration of acquired companies, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition, sales and other factors that may be identified from time to time in company’s public announcements.
SOURCE: Freedom Energy Holdings, Inc.