They have successfully restructured all outstandin

They have successfully restructured all outstanding debt with an existing lending partner. The company settled over $1.4 million dollars of convertible debt for an agreement to pay $1.2 million dollars cash over a three month period. As part of the settlement, the lender also agreed to an immediate lock up on all of its convertible notes and no further conversions. Roger Ralston, DIRV's CEO stated: "DirectView's ability to restructure our debt is of large importance as we continue our forward direction. Restructuring our current debt further supports our ongoing business plans, including our acquisition and organic growth strategy." Mr. Ralston added: "We continue to invest heavily in people, process, and technology, with the goal of significantly transforming our industry and customer experience. I continue to believe the timely execution of our business transformation plans will drive our sales and gross profit results for 2018, while solidifying the foundation for future growth."

https://finance.yahoo.com/news/directview-suc...00525.html