ParagonX Holdings, Inc. (OTC: CAVR) – Caprino Management, LLC provided the following update to shareholders on its transformation of the company:
ParagonX Holdings (OTC: CAVR), a holding Company whose strategic plan involves growth through acquisition and operational improvements, announced significant developments in the management and strategic direction of the company.
ParagonX Holdings (OTC: CAVR) ("ParagonX" or the "Company") today announced that it has completed a major transaction to retire 250 million shares of its common stock. The retirement of these shares will reduce the outstanding common shares by approximately 15%. This transaction is expected to be reflected in its outstanding share balance with the transfer agent within the coming days.