Sustainable Green Team (OTC:SGTM) has unveiled a comprehensive restructuring plan focused on debt reduction and enhancing shareholder value. The company has negotiated settlements to reduce its debt by over $25 million, with $6 million already achieved.
As part of this initiative, SGTM has returned 23 million shares of common stock to the treasury, representing over 18% of outstanding shares. The company has also strengthened its team with new advisors and implemented innovative technologies to improve operational capabilities in the environmental sector.
Positives:
Debt reduction plan targeting over $25 million in total debt elimination
$6 million in debt already reduced
Return of 23 million shares (18%) to treasury, reducing dilution
Strategic addition of new advisors and innovative technologies
https://finance.yahoo.com/news/sustainable-gr...00214.html