WorldFlix, Inc. July 6 at 3:46 PM · Debt Upd
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Posted On: 07/08/2018 1:22:38 PM
WorldFlix, Inc.
July 6 at 3:46 PM ·
Debt Update: As disclosed on financial reports and in podcasts/FB Live events, the company has convertible debt at high premiums that are still converting into the marketplace. As also announced, we have hired OTC Workouts consulting company to restructure debt and stop dilution issues at this level or all together. We are no longer take any money from high conversion debt companies. We also anticipate the restructuring plan we have with OTC Workouts to cover the Reg A shares in a manner that will not cause the same dilution scenarios. Last, no reverse on common shares unless commons shareholders agree by consensus on the new plan.
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