Next 1 Interactive (NXOI) 0.0410 $NXOI
Next 1 Interactive, Inc. Reaches Agreement With First Secured Creditor
Marketwire - Tue Feb 25, 7:15AM CST
Next 1 Interactive, Inc., (OTCQB: NXOI) (OTCBB: NXOI) has announced that it has reached terms with its first secured creditor representing a debt of $6 million dollars. Key elements of the agreement include extending the debt upwards of two years, putting a $0.50 conversion price of the debt, and allowing the company to force a conversion if it achieves profitability in any quarter, and/or, if the company achieves a market price of $1.50. This agreement is crucial in allowing the company to begin plans for rearranging travel programs as well as utilizing its relationship and share ownership with RealBiz Media Group, Inc. Preferred A shares. This will accelerate travel opportunities and engage RealBiz technology platforms that can be applied to the travel industry.
SU: 31.62 (+0.30), SU.TO: 39.40 (+0.30)
Next 1 Interactive, Inc. Reaches Agreement With First Secured Creditor
Marketwire - Tue Feb 25, 7:15AM CST
Next 1 Interactive, Inc., (OTCQB: NXOI) (OTCBB: NXOI) has announced that it has reached terms with its first secured creditor representing a debt of $6 million dollars. Key elements of the agreement include extending the debt upwards of two years, putting a $0.50 conversion price of the debt, and allowing the company to force a conversion if it achieves profitability in any quarter, and/or, if the company achieves a market price of $1.50. This agreement is crucial in allowing the company to begin plans for rearranging travel programs as well as utilizing its relationship and share ownership with RealBiz Media Group, Inc. Preferred A shares. This will accelerate travel opportunities and engage RealBiz technology platforms that can be applied to the travel industry.
SU: 31.62 (+0.30), SU.TO: 39.40 (+0.30)
