$DATI As noted in the March 18, 2020 Coffee Talk,
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Posted On: 06/05/2020 9:43:48 AM
$DATI As noted in the March 18, 2020 Coffee Talk, management anticipated its negotiations with contractors would result in only a two million common share reduction from the cap table. However, after the negotiations were complete, a total of 3,348,879 common shares were agreed to be exchanged for Preferred BB shares. Furthermore, contractors agreed to settle accumulated cash liabilities which amounted to $557,910 – freeing up the company’s balance sheet.
“We are looking to use every single tool at our disposal to strengthen shareholder confidence and value,” stated Ajene Watson, CEO of DigitalAMN. “Since 2017 we have worked diligently to streamline the cap table and now in 2020, we’re beginning to address payables, liabilities and other debt. I am pleased to find that our contractors, much like with a large shareholder previously, felt encouraged enough to offer DigitalAMN a vote of confidence through this stock and debt restructuring.”
(Read Coffee Talk: Our Executive Contractors Showed A Big Vote of Confidence With A 50% Greater Than Anticipated Share Reduction and $500k+ Eliminated From Payable Liabilities)
https://finance.yahoo.com/news/digitalamn-com...soc_trk=tw
“We are looking to use every single tool at our disposal to strengthen shareholder confidence and value,” stated Ajene Watson, CEO of DigitalAMN. “Since 2017 we have worked diligently to streamline the cap table and now in 2020, we’re beginning to address payables, liabilities and other debt. I am pleased to find that our contractors, much like with a large shareholder previously, felt encouraged enough to offer DigitalAMN a vote of confidence through this stock and debt restructuring.”
(Read Coffee Talk: Our Executive Contractors Showed A Big Vote of Confidence With A 50% Greater Than Anticipated Share Reduction and $500k+ Eliminated From Payable Liabilities)
https://finance.yahoo.com/news/digitalamn-com...soc_trk=tw
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