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| Global Consortium Issues Major Update |
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 Hot Stock to Watch |
Company: Bahamas Development Corporation (Pink Sheets: BDCI)
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Last:
Price: 0.033
Change (%): + 0.0041 (14.19)
Volume: 1,755,332 |
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Global Consortium, Inc., Issues Corporate Update to Shareholders
- BDCI Files Name and Ticker change with FINRA
- Confirmation of No Reverse Stock Split
- Merger in final stages to close within 1 week valued at $26,000,000
- Infused Edibles is opening its first licensed store this month
COCONUT CREEK, Fla., Oct. 12, 2018 (GLOBE NEWSWIRE) - via OTC PR WIRE - Global Consortium, Inc., f/k/a Bahamas Development Corporation (OTCPINK: BDCI) has filed its application with FINRA to change the Company’s Name and Ticker, approval times are usually within 15 calendar days from submission.
Global is pleased to announce there will be no reverse stock split, by slightly increasing its Authorized shares from 1 billion to 1.750 billion shares to have enough restricted shares in treasury to cover this and future transactions. The purchase price will be decided based on the Closing Bid price on the day before the Closing.
Based on the Assets and Operations being acquired everyone felt the Company should see an increase in its value rather than prematurely file for a Reverse Stock Split.
Global Consortium, Inc. is the Florida private company selling all of its assets to BDCI. The Company will cease to exist after the merger leaving Global Consortium, Inc., the NV corporation as the surviving entity.
Infused Edibles has its first named licensed store opening this month. As per the terms of the agreement 30-40% of the store’s inventory must be Infused products. Pictures are available on our Twitter feed @Cannabisconsort
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