El Maniel International Inc. Announces Plans to Retire up to 20% of Outstanding Shares of Insider
NEW YORK, NY--(Marketwired - May 12, 2014) - El Maniel International, Inc. (PINKSHEETS: EMLL ) is pleased to announce that the Company’s insider plans to retire up to two billion shares of its common stock within a 12 months period so as to facilitate merger and acquisition transactions and make our stock more appealing to prospective acquisition targets. “Following the return of up to two billion common shares back to treasury, the remaining shares held by insider will be subject to renewals of lock-up agreements for a further term