Posted On: 03/28/2016 11:02:13 AM
Post# of 40431
$PNOW announced today that the Company has made its third round of the securities buyback payments, as scheduled under the Debt Repurchase Program.
“This means, that we have now eliminated over 50% of the legacy debt targeted in this phase of the Debt Repurchase Program,” stated Melvin Pereira, President and CEO of Pure Hospitality Solutions, Inc. “This also means that we have officially killed the majority of the debt that has poorly impacted the Company and stifled shareholder value for years. As evidenced by a series of successful securities buyback payments, shareholders clearly see, there is real opportunity and value here.”
Completing over 50% of the Debt Repurchase Program, the Company has eliminated a dozen noteholders – having only one payment remaining to achieve 100% removal of the remaining legacy debt. The securities buyback plan has also minimized the Company’s financial liabilities significantly. Derivative liabilities have currently been reduced by over $1.25 Million, eliminating more than 3 billion shares of possible dilution.
This achievement further supports the Company in becoming fully reporting with the Securities and Exchange Commission, as well as with the upgrade of PNOW to the OTCQB. Shareholders have indicated, that these ongoing successes definitely lend to a stronger sense of confidence – in management, the market and the global success of the Company’s flagship product, http://Oveedia.com
http://www.purenow.solutions/pure-makes-third-round
“This means, that we have now eliminated over 50% of the legacy debt targeted in this phase of the Debt Repurchase Program,” stated Melvin Pereira, President and CEO of Pure Hospitality Solutions, Inc. “This also means that we have officially killed the majority of the debt that has poorly impacted the Company and stifled shareholder value for years. As evidenced by a series of successful securities buyback payments, shareholders clearly see, there is real opportunity and value here.”
Completing over 50% of the Debt Repurchase Program, the Company has eliminated a dozen noteholders – having only one payment remaining to achieve 100% removal of the remaining legacy debt. The securities buyback plan has also minimized the Company’s financial liabilities significantly. Derivative liabilities have currently been reduced by over $1.25 Million, eliminating more than 3 billion shares of possible dilution.
This achievement further supports the Company in becoming fully reporting with the Securities and Exchange Commission, as well as with the upgrade of PNOW to the OTCQB. Shareholders have indicated, that these ongoing successes definitely lend to a stronger sense of confidence – in management, the market and the global success of the Company’s flagship product, http://Oveedia.com
http://www.purenow.solutions/pure-makes-third-round
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