Posted On: 05/04/2016 3:23:42 PM
Post# of 53511
$PNOW ) is now venturing to complete its fourth and final payment in its Debt Repurchase Program (part of the Debt Reduction initiative launched in 2015). With this payment, the company would have made an unbelievable achievement since Melvin Pereira took over as CEO.
The Company will have eliminated nearly 100% of the perceived toxic convertible debt held by the 14 debtholders targeted by the debt repurchase program, while raising enough long-term capital to both accomplish this task while expanding its operations.
The Company will have eliminated nearly 100% of the perceived toxic convertible debt held by the 14 debtholders targeted by the debt repurchase program, while raising enough long-term capital to both accomplish this task while expanding its operations.
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