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Posted On: 03/24/2021 7:09:23 AM
Post# of 102392
$ALST AllStar Health Brands Inc. (OTC Pink: ALST) a specialty pharmaceutical and nutritional supplements company is pleased to announce it has entered into agreements with all debt holders to lock up their debt for up to six months, followed by a leak-out of common shares over a period of time.
Dr. Daniel Bagi, President of AllStar stated, "The debt holders of AllStar wish for the Company to succeed and this lock-up and leak-out will allow AllStar options such as refinancing, restructuring the Balance Sheet, and pursuing acquisitions already in the pipeline, and hope to build shareholder value. We are extremely pleased with the Lock-up and Leak-out terms and appreciate the cooperation of the debt holders."
Dr. Daniel Bagi, President of AllStar stated, "The debt holders of AllStar wish for the Company to succeed and this lock-up and leak-out will allow AllStar options such as refinancing, restructuring the Balance Sheet, and pursuing acquisitions already in the pipeline, and hope to build shareholder value. We are extremely pleased with the Lock-up and Leak-out terms and appreciate the cooperation of the debt holders."
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