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Posted On: 02/20/2018 9:43:15 AM
Post# of 22940
this is my favorite part!
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Bill McKay, CEO of TPAC stated: "We are very pleased to have been able to work with our lenders in order to defer the due dates for these obligations. We are hopeful and optimistic that TPAC will be in a position during the next few months to be able to repay these obligations through money raised in our ICO, rather than have the obligations convert into shares, thus creating a dilution of the stock. This deferral is part of our strategy to reduce and bring the share structure under greater control through loan repayment and share repurchase."
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Bill McKay, CEO of TPAC stated: "We are very pleased to have been able to work with our lenders in order to defer the due dates for these obligations. We are hopeful and optimistic that TPAC will be in a position during the next few months to be able to repay these obligations through money raised in our ICO, rather than have the obligations convert into shares, thus creating a dilution of the stock. This deferral is part of our strategy to reduce and bring the share structure under greater control through loan repayment and share repurchase."
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