$CRWG .0247 up now! Improved Balance Sheet: CrowdG
Post# of 53482
Posted On: 04/29/2016 2:14:21 PM
$CRWG .0247 up now! Improved Balance Sheet: CrowdGather's decision to exit the social gaming business and double-down on the cannabis industry helped significantly improve its financial condition. As a part of the transaction, the acquiring firm assumed approximately $1.8 million in debt and $500,000 in other liabilities, which reduced its total debt by around 43%. Deferred payments totaling nearly $1 million, beginning in a year, could further reduce these debt levels. http://finance.yahoo.com/news/crowdgather-crw...00586.html
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