GRAS up 116%. Good example of what happens when Asher is out of the picture.
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Greenfield Farms Food Reports on Debt Restructuring Progress
Greenfield Farms Food, Inc. (USOTC:GRAS)
Today : Monday 14 April 2014
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Greenfield Farms Food Reports on Debt Restructuring Progress
WEST PALM BEACH, FL--(Marketwired - Apr 14, 2014) - Greenfield Farms Food, Inc. ("Greenfield" or the "Company") (OTCQB: GRAS) announced today it has made significant progress in the reduction of its convertible debt. The September 30, 2013 Quarterly Report on Form 10-Q reported that the largest convertible debt holder, Asher Enterprises, was owed $167,950 in face value of convertible notes. On April 4, 2014, as a result of purchases by unaffiliated third parties, the remaining balance of $38,400 owed Asher had been transferred and Asher no longer holds any convertible notes issued by the Company. The balance of all the Asher notes other than the remaining amount acquired by third parties has been converted to common stock of the Company.
Greenfield Farms Food, Chief Financial Officer, Henry Fong, said, "We are pleased with the progress we are making with the debt restructuring and will be seeking additional ways in which we may enhance the financial structure of the Company moving forward."
