$HTSC eliminated $1,500,000 in convertible debt an
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Posted On: 10/29/2019 2:14:41 PM
$HTSC eliminated $1,500,000 in convertible debt and 1,000,000 shares of convertible referred, held by a former insider who is now an outsider. As a result, equity was increased by $6,400,000!
No convertible debentures.
100,000 shares of Series C convertible preferred is held by the CEO, but he has 144 selling limitations -
The only possible seller is the former CEO who has 4.9% of the company in common stock, and that is it! see below where he received 2,503,500 shares to retire all debt, all accrued interest a 1 million shares of convertible preferred. Brilliant move! 2,503,500 is 4.99% of the company, why? because they also took back 76,114,285 shares into treasury from the former CEO.
No convertible debentures.
100,000 shares of Series C convertible preferred is held by the CEO, but he has 144 selling limitations -
The only possible seller is the former CEO who has 4.9% of the company in common stock, and that is it! see below where he received 2,503,500 shares to retire all debt, all accrued interest a 1 million shares of convertible preferred. Brilliant move! 2,503,500 is 4.99% of the company, why? because they also took back 76,114,285 shares into treasury from the former CEO.
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