Solar Integrated Roofing (OTCPINK: SIRC) stock is soaring after the company announced it is reducing its outstanding shares.

Share dilution is the biggest obstacle retail traders face when buying penny stocks with the goal of hitting a 100%, 200%, even 500% or more gain. To have a pink sheet listed company actually reduce their outstanding shares count is very impressive in my opinion.

Solar Integrated Roofing said that the total Authorized number of shares is being reduced from the current 750,000,000 to 250,000,000. A retirement of 500,000,000 shares. David Massey, President and CEO of SIRC, commented on the share reduction, "The Company wishes to make it clear that we are committed to ensuring public & private investors that not only are we not increasing the number of Author...