ORLANDO, Fla., July 13, 2016 (GLOBE NEWSWIRE) -- A recent press release issued by GroGenesis (OTCQB:GROG) offered unique insight into a management strategy we don’t often have the good fortune to cover in the pages of our editorials. We wish it weren’t so.
Uniquely, GroGenesis published a press release (an 8-K will be published within the required period as well) noting the cancellation of 5.5 million shares outstanding. In an era where message boards and investor emails denounce dilution of any proportion, lamenting death spirals and convertible notes in their utterances, GroGenesis’s commitment to value stands out.
The business model of GroGenesis was always constructed as such that we were interested in taking the company on and covering them herein. The Company’s business model is firmly entrenched in the rapidly growing market sectors of non-GMO and organic agriculture with a proprietary product in AgraBurst PRO™ that improves the soil and the harvest while cutting down on the usual chemicals.
According to GroGenesis CEO Richard Kamolvathin, his management team’s “primary objective is to add value to current and future shareholders through actions reflecting appropriate fiduciary responsibility. A realistic stock capital structure that builds the foundation for market fundamentals will enable our Company to be properly valued in the investment community.”
Cancelling 5.5 million shares is a significant affirmation of that commitment to value. For a Company intent on helping the industry grow better and safer plants, it appears there is a parallel commitment to building shareholder value as well.
About GroGenesis, Inc.
Headquartered in the heart of the US Farm Belt, Sioux Falls, South Dakota-based GroGenesis is an agricultural services enterprise offering food producers a revolutionary, proprietary, all-natural, non-GMO nano-surfactant which enhances soil and crop health and reduces potential harm the health of farm workers due to its non-toxic properties. GroGenesis’ flagship product, AgraBurst PRO™, is an all-natural, organic, non-GMO agricultural input which optimizes the ability of the plant to more efficiently use the added nutrients incorporated in fertilizers resulting in less fertilizer being required. The application of AgraBurst PRO™ can begin the process of improving the health of the soil while minimizing the use of conventional chemical agricultural inputs. For more information, please visit the Company’s website at www.GroGenesis.com.
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