$DIRV Retires Debt Agreement and Begins Restructur
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Posted On: 06/22/2018 9:38:21 AM
$DIRV Retires Debt Agreement and Begins Restructuring of Corporate Financing
https://www.otcmarkets.com/stock/DIRV/news/Di...?id=195846
New York, NY - June 19, 2018 - DirectView Holdings, Inc. - A company focused on ownership and management of leading video and security technology companies, announced today that the Company has reached a settlement agreement with two creditors, fully satisfying the convertible Promissory Notes (the Notes) of the underlying agreements in full, saving the company approximately $104,000.00. This settlement has eliminated any further contractual obligations with the note holders. The debt satisfied totaled $262,500.00. Individually, the note settlements were $79,322.35 and $183,177.65.
Roger Ralston, DirectView's CEO said, "DirectView is setting new records in 2018, and we wanted to take things a step further by restructuring corporate financing. The process involves negotiating with current note holders in regard to debt settlements agreements, which include reducing balances and interest rates. At DirectView, shareholder value is of the utmost importance."
https://www.otcmarkets.com/stock/DIRV/news/Di...?id=195846
New York, NY - June 19, 2018 - DirectView Holdings, Inc. - A company focused on ownership and management of leading video and security technology companies, announced today that the Company has reached a settlement agreement with two creditors, fully satisfying the convertible Promissory Notes (the Notes) of the underlying agreements in full, saving the company approximately $104,000.00. This settlement has eliminated any further contractual obligations with the note holders. The debt satisfied totaled $262,500.00. Individually, the note settlements were $79,322.35 and $183,177.65.
Roger Ralston, DirectView's CEO said, "DirectView is setting new records in 2018, and we wanted to take things a step further by restructuring corporate financing. The process involves negotiating with current note holders in regard to debt settlements agreements, which include reducing balances and interest rates. At DirectView, shareholder value is of the utmost importance."
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