GAHC Sees Support Grow for Pending Acquisitions and
Partnerships with Majority Of Stockholders Supporting An Increase
In Authorized Shares and Reverse Stock Split
New York, NY -- September 07, 2021 -- InvestorsHub
NewsWire -- Global Arena Holding, Inc. (the “Company”) (OTC
PINK: GAHC), announced today that Company completed its Annual
Stockholders’ Meeting (the “Annual Meeting”) on September 7, 2021,
with all of the proposals receiving majority support from the
Company’s stockholders.
Management indicated that 62.76% of the Company’s stockholders
participated in this year’s Annual Meeting. As noted in
the Proxy Packet, the proposals being voted on at
this year’s Annual Meeting were:
· Re-election of members to
the Board of Directors.
· Authorization of an
increase in the Company’s authorized capital stock.
· Authorization of a reverse
stock split of the outstanding common shares; and
· Ratification of the
appointment of the Company’s independent registered public
accounting firm.
Management indicated that there was overwhelming support to
reappoint the current Board of Directors John S. Matthews, Facundo
Bacardi and Martin Doane, and to appoint Raul Carrega, CPA, as the
Company’s independent public accounting firm. It was,
however, the incredible support that stockholders showed giving the
Board of Directors the tools to meet the Company’s ongoing needs
that include the increase to the authorized capital stock to up to
4 Billion shares, and giving the Board of Directors the
authorization to effect a 1 for 12 reverse stock split, which was
the clearest vote of confidence.
Management today also wants to remind stockholders that the
stockholders had previously voted for a 1 Billion share increase in
2019. Stockholders also previously authorized a 1 for 4
reverse stock split in 2018 — which management decided against
using as the deals presented at the time were not believed to
benefit the Company’s stockholders. This year [2021]
stockholders showed strong support for both the authorized stock
increase and a reverse stock split, simultaneously, with over 70%
of voting stockholders in support of each
proposal. Management strongly believes that the support
for these actions suggest that the market understands the
Company’s business objectives and the
potential growth stemming from acquisitions and partnerships.
This also speaks to the market’s belief that “the Company’s
management takes very seriously its responsibilities to grow and
protect shareholder value, and will not misuse the confidence
placed in them,” said John S. Matthews, the Chairman and CEO of the
Company.
Mr. Matthews concluded, “I cannot express enough how grateful we
are to our stockholders for supporting our vision. Our
stockholders have given management the ability to continue pursuing
those opportunities that will lend to the growth and future
prosperity of Global Arena Holding and we will continue striving to
be the best in our marketplace; as innovators and fundamentally
sound in our business plan.”
The Annual Meeting process was supported by: Clear Trust
LLC, Broadridge and Mediant.
As always, management recommends reading the Company’s
financials in their entirety and contacting the Company at any time
with any questions.
For more information on these and other developments, please
visit the Company’s website at: http://GlobalArenaHolding.com, where you can
also access all SEC filings, as the Company continues to pursue a
more effective investor relations initiative.
ABOUT GAHC
Global Arena Holding, Inc. trades on the OTC Markets, under the
ticker symbol GAHC. The Company has been publicly traded since 2011
and holds a number of interests, including Global Elections
Services, Inc., Tidewater Energy Group Inc., and GAHI Acquisition
Corp. Please find the Company’s filings at SEC.gov
ABOUT Global Election Services, Inc.
(GES)
Owned by Global Arena Holding Inc., GES
provides comprehensive technology-enabled election services to
organizations such as craft and trade organizations, labor unions,
political parties, co-operatives and housing organizations,
associations and professional societies, universities, pension
funds and credit unions, and entertainment organizations. GES
senior management has been supervising elections since 1981, having
managed more than Eight Thousand Six Hundred (8,600) election
projects involving over Forty Million (40,000,000) voters,
certifying each labor election with the U.S. Department of Labor.
The primary method of voting for GES elections is Paper Mail
Ballots. No election supervised by GES or its senior management has
ever been overturned by the U.S. Department of Labor. Management
has an extremely strong reputation in the market and a very
extensive, longtime customer list. Our mission is to help our
clients conduct efficient, accurate, secure and less costly
elections with greater participation. As a viable independent third
party managing each election, we work to increase methods and rates
of participation while maintaining the One Voter = One Vote
Integrity that our management team has been committed to for nearly
4 decades.
Safe Harbor Statement
The Private Securities Litigation Reform Act of 1995 provides a
"safe harbor" for forward-looking statements. Certain information
included in this press release contains statements that are
forward-looking, such as statements related to the future
anticipated direction of the industry, plans for future expansion,
various business development activities, planned or required
capital expenditures, future funding sources, anticipated sales
growth, and potential contracts. Such forward-looking information
involves important risks and uncertainties that could significantly
affect anticipated results in the future and, accordingly, such
results may differ from those expressed in any forward-looking
statements made by, or on behalf of, the company. These risks and
uncertainties include, but are not limited to, those relating to
development and expansion activities, dependence on existing
management, financing activities, domestic and global economic
conditions, and other risks and uncertainties described in the
Company's periodic filings with the Securities and Exchange
Commission.
CONTACT:
Global Arena Holding, Inc.
208 East 51st St.
Suite 112
New York, NY 10022
kathryn@globalarenaholding.com
Tel: 646-801-5524
Grafico Azioni Global Arena (PK) (USOTC:GAHC)
Storico
Da Nov 2024 a Dic 2024
Grafico Azioni Global Arena (PK) (USOTC:GAHC)
Storico
Da Dic 2023 a Dic 2024
