How $PFWI is not getting more attention is mind boggling. They reported $3.7 million in Net Income for Q2 up 98% and 112% for 6 month period while paying down a total of $275k in toxic debt through Sept. OTCQB current with low float and trades very thin. Eric recommends grab a starter crop and enjoy the ride back to multi pennies this fall.
https://finance.yahoo.com/news/petrone-worldw...00816.html
https://finance.yahoo.com/news/petrone-worldw...00603.html
Year to Date Financial Summary
Total revenues for the six months ended June 30, 2017 increased 112% compared to the total revenues in the corresponding period of 2016. This increase was driven by an increase in new item revenues, as the Company continued to expand its direct sales force and increase its customer base.
Balance Sheet Summary
The Company completed the second quarter with $3.7 million in net income compared to -$508,576 at June 30, 2016. Management believes that our current cash levels and our cash flows are below average; although, from future operations will be adequate to meet anticipated working capital needs, anticipated levels of capital expenditures and contractual obligations for the next twelve months.
On September 05, 2017, and subsequent to the end of the second quarter, the Company completed the retirement of $175,000 of toxic debt in an effort to pay outstanding principal, accrued and unpaid interest with respect to the Company’s indebtedness of convertible debt loans. The company currently trades on the OTCQB Venture Market and has plans on up-listing to the OTCQX Market by year end; December 31, 2017
Weston, Florida , Sept. 14, 2017 (GLOBE NEWSWIRE) -- Petrone Worldwide, Inc. (OTCQB: PFWI), today announces that the company has secured $100,000 in financing that carries a low interest rate along with no prepayment or penalty charges and it has simultaneously retired $100,000 in additional toxic debt. The company continues its efforts to raise funds to support its expansion and growth plans; although, using its best efforts through instruments such as the most recent financing and structured securities purchase agreements.
Read More: https://investorshangout.com/post/view?id=474...z4tXVjNysB
https://finance.yahoo.com/news/petrone-worldw...00816.html
https://finance.yahoo.com/news/petrone-worldw...00603.html
Year to Date Financial Summary
Total revenues for the six months ended June 30, 2017 increased 112% compared to the total revenues in the corresponding period of 2016. This increase was driven by an increase in new item revenues, as the Company continued to expand its direct sales force and increase its customer base.
Balance Sheet Summary
The Company completed the second quarter with $3.7 million in net income compared to -$508,576 at June 30, 2016. Management believes that our current cash levels and our cash flows are below average; although, from future operations will be adequate to meet anticipated working capital needs, anticipated levels of capital expenditures and contractual obligations for the next twelve months.
On September 05, 2017, and subsequent to the end of the second quarter, the Company completed the retirement of $175,000 of toxic debt in an effort to pay outstanding principal, accrued and unpaid interest with respect to the Company’s indebtedness of convertible debt loans. The company currently trades on the OTCQB Venture Market and has plans on up-listing to the OTCQX Market by year end; December 31, 2017
Weston, Florida , Sept. 14, 2017 (GLOBE NEWSWIRE) -- Petrone Worldwide, Inc. (OTCQB: PFWI), today announces that the company has secured $100,000 in financing that carries a low interest rate along with no prepayment or penalty charges and it has simultaneously retired $100,000 in additional toxic debt. The company continues its efforts to raise funds to support its expansion and growth plans; although, using its best efforts through instruments such as the most recent financing and structured securities purchase agreements.
Read More: https://investorshangout.com/post/view?id=474...z4tXVjNysB
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Petrone Worldwide Inc. (PFWIQ) Stock Research Links
****Disclaimer**** Nothing I post is meant to be investment advice. Please do your own DD and research. At the end of the day we are all responsible for our own actions. I click the buy button and I click the sell button. I and I alone.
