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Posted On: 10/28/2020 2:44:20 PM
Post# of 126895
$INKW News Greene Concepts Fortifies Financial Positioning Through Major Debt Reduction Combined with Share Buyback in Alignment with the Company's Growth Strategy
https://ih.advfn.com/stock-market/USOTC/green...tioning-th
Quote:
Marion, NC -- October 28, 2020 -- InvestorsHub NewsWire -- Greene Concepts Inc. (OTC PINK: INKW) is excited to report the company has completed a debt forgiveness agreement in the amount of $340,898 previously owed to one of our largest note holders. This reduces our notes payable by 56%. The debt holder, Greene Concepts' management and accountants have agreed to write-off and eliminate $340,898 of the third-party convertible notes from the company's finances as debts that are no longer due.
Additionally, the Company is in the process of finalizing a substantial share buyback of its common stock. This common stock buyback will reduce the common share count by over 280 million shares. The company has taken powerful actions financially in a short time span by increasing its Assets, Cash, Inventory, and Sales.
https://ih.advfn.com/stock-market/USOTC/green...tioning-th
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