Key Points from Latest PR. - Financing in place
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(Total Views: 2996)
Posted On: 01/17/2017 8:33:52 PM
Key Points from Latest PR.
- Financing in place.
- Convertible debt needs to be addressed.
- 80% of first draw down of financing allocated to operations.
- 20% allocated to retirement of convertible debt.
- Negotiations with debt holders for long term leek out agreement, a conversion lock-up agreement or a direct retirement of debt to give the company the time to publicly announce Q1 + Q2 2017.
- Company also favors a 1-100 reverse split reducing A/S from 4B to 400M.
- Company considers combination of an agreement that addresses convertible debt, continued financial performance and improved capital structure are all in the best interest of long term shareholders.
- Financing in place.
- Convertible debt needs to be addressed.
- 80% of first draw down of financing allocated to operations.
- 20% allocated to retirement of convertible debt.
- Negotiations with debt holders for long term leek out agreement, a conversion lock-up agreement or a direct retirement of debt to give the company the time to publicly announce Q1 + Q2 2017.
- Company also favors a 1-100 reverse split reducing A/S from 4B to 400M.
- Company considers combination of an agreement that addresses convertible debt, continued financial performance and improved capital structure are all in the best interest of long term shareholders.
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A very apposite motto for those who trade successfully in the OTC market..
All posts are my opinion - trade at your own risk.
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