ACCESS Newswire
02 Jul 2025, 19:13 GMT+10
Massive 1.66 Billion Share Reduction Signals Long-Term Commitment to Shareholder Value as Company Prepares to Report Q2 Rebound Performance
MESA, ARIZONA / ACCESS Newswire / July 2, 2025 / Medical Care Technologies Inc. (OTC Pink:MDCE ) today announced an aggressive two-part share structure reduction plan aimed at restoring shareholder confidence and positioning the company for long-term growth. The announcement comes as MDCE trades near its 52-week low, while management confirms that Q2 closed with a stronger-than-expected rebound , to be detailed in the upcoming quarterly report.
As part of the restructuring, the Company will:
Cancel 680,000,000 common shares held by its Chief Executive Officer, and
Reduce its authorized share count by 980,000,000 shares - cutting the limit from 7.98 billion to 7.0 billion.
Both actions will be processed through MDCE's transfer agent and are expected to be completed within 7 to 10 business days .
Share Structure Snapshot (Before & After):
"With this move, MDCE is sending a clear message: we're serious about restructuring, regaining investor trust, and delivering long-term value," said an MDCE spokesperson. "As we prepare to report our Q2 rebound, these changes create the foundation for our next phase of growth."
The CEO will retain 1 preferred share convertible into 3 billion common shares , ensuring leadership continuity and voting control while eliminating dilution concerns tied to insider common holdings.
Key Growth Drivers:
GOAT Collection Auction (Live Now) - Featuring game-worn memorabilia from Michael Jordan, LeBron James and Kobe Bryant
The Grail Collection Auction (Following Right After) - A high-value, higher volume investment-grade showcase of iconic sports memorabilia expected to set new auction benchmarks
Together, these launches position MDCE's operating subsidiaries - Infinite Auctions and Real Game Used - at the forefront of the high-growth collectible investment sector.
About Medical Care Technologies Inc. (OTC Pink: MDCE)
MDCE is the parent company of Infinite Auctions and Real Game Used , platforms focused on the acquisition, authentication, and sale of premium game-used memorabilia and investment-grade collectible assets.
Contact Information
Infinite Auctions
Media & Investor Relations
Email: [email protected]
Website: www.infiniteauctions.com / www.mdcestock.com / www.realgameused.com
Mesa, AZ
Safe Harbor Statement
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding future performance, expected results, growth strategies, operational plans, and market opportunities. These forward-looking statements are based on current beliefs and assumptions of management and involve known and unknown risks, uncertainties, and other factors which may cause actual results, performance, or achievements of Medical Care Technologies Inc. (OTC Pink: MDCE) and its subsidiaries to differ materially from those expressed or implied in such statements.
Factors that may affect actual results include, but are not limited to, the success of planned share cancellations, market acceptance of company initiatives, fluctuations in the collectibles market, and general economic conditions. Readers are cautioned not to place undue reliance on forward-looking statements. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.
SOURCE: Medical Care Technologies Inc. (OTC Pink:MDCE)
Get a daily dose of California Telegraph news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to California Telegraph.
More InformationPARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...