PEMBROKE PINES, Fla., Feb. 19, 2016 /PRNewswire/ -- Sunshine Capital, Inc. (Pinksheets: SCNP) today announces the recommendations by Advisory Board Member and Financial Expert Daniel J. Duffy, to increase shareholder value for the company.
Mr. Duffy, a new Advisory Board Member, has given recommendations to Sunshine Capital, Inc.'s management that will require a special Board of Directors meeting to approve any of the recommendations. This meeting will take place within the next thirty days.
Mr. Duffy's recommendations include having Sunshine Capital, Inc. voluntarily cancel common shares to reduce the total outstanding shares of the Company dramatically; to decrease the (currently increased) authorized share amount of the Company; to place a restrictive "sales lock" agreement on the shares of previous Company management; to allow Sunshine Capital, Inc. to grow in the market place by keeping the current float of the Company at 450,000 shares, and to strategically, without dilution to the Company's outstanding share count, execute the acquisition of private companies that are accretive to earnings.
"This is unbelievable," stated Lindel Regis, President and CEO of Sunshine Capital, Inc. "These and other recommendations by Daniel J. Duffy, in my opinion, will increase the value of the already issued shares of the Company dramatically and build shareholder value."
Mr. Duffy, who joined the Company's Advisory Board on February 16, 2016, is considered an expert in corporate structure, financing, capital raising and mergers and acquisitions. Mr. Duffy was asked to join the Advisory Board of Sunshine Capital, Inc. to help execute mergers and acquisitions with minimal or no dilution to the Company's total shares with a goal to obtain a listing on the American Stock Exchange at a much more rapid rate.
"I am here for the shareholders," stated Daniel J. Duffy, Advisory Board Member. "I will make sure I advise Sunshine Capital, Inc. in such a way as to keep management performing properly with the shareholders in mind. I want Sunshine Capital, Inc. to be unlike any other Pink Sheet company."
Incarcerated since 2010 for a murder-for-hire case in which Mr. Duffy denies any involvement in, he is currently fighting his case in the courts to prove his innocence. Mr. Duffy is taking advantage of his opportunity to help others in the prison environment, being a trained impaired assistant to a visually impaired inmate and teaching all business classes in the facility's Faith and Character-Based Program. Prior to this and his Federal case, also in 2010, Mr. Duffy had a stellar reputation in the market, devoid of any legal problems.
Forward Looking Statement:
The private Securities Litigation Act of 1995 provides a safe harbor for forward-looking information made on the company's behalf. All statements, other than statements of historical facts which address the company's expectation of sources of capital or which express the company's expectations for the future with respect to financial performance or operating strategies, can be identified as forward-looking statements. Such statements made by the company are based on knowledge of the environment in which it operates, but because of the factors previously listed, as well as other factors beyond the company, actual results may differ materially from the expectations expressed in the forward-looking statements.
SOURCE Sunshine Capital, Inc.