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Posted On: 01/27/2022 10:08:21 AM
Post# of 53545
$GTCH NEW YORK, Jan. 27, 2022 (GLOBE NEWSWIRE) -- Digital Asset Monetary Network, Inc. (“DigitalAMN” or the “Company”) (OTCMKTS: DATI), a Public Accelerator-Incubator (“PAI”), announced today, that DigitalAMN kicked off the year by eliminating roughly 45% ($387,000) of the Company’s remaining convertible debt. This equates to an overall debt reduction of approximately 20%.
“As of now, we have $483,933 of convertible debt remaining, all fixed at a minimum conversion price of $0.35 (the “Floor Price”),” stated Ajene Watson, CEO of Digital Asset Monetary Network. “Creating an environment conducive to a substantive capital raise has long been the goal of reducing the Company’s debt and implementing methods that would stave off toxic dilution. And now that all the key operational elements are in place to support the Company’s capital raise, we’ll look to raise money in a way that supports the long-term confidence and longevity of our shareholders.”
https://finance.yahoo.com/news/digitalamn-ext...tsrc=twtr\
“As of now, we have $483,933 of convertible debt remaining, all fixed at a minimum conversion price of $0.35 (the “Floor Price”),” stated Ajene Watson, CEO of Digital Asset Monetary Network. “Creating an environment conducive to a substantive capital raise has long been the goal of reducing the Company’s debt and implementing methods that would stave off toxic dilution. And now that all the key operational elements are in place to support the Company’s capital raise, we’ll look to raise money in a way that supports the long-term confidence and longevity of our shareholders.”
https://finance.yahoo.com/news/digitalamn-ext...tsrc=twtr\
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