TCPS debt reduction $1M news.
TCPS just released great news this morning stating that they reduced additional debt!
July 31, 2014
TCPS has recently been successful in negotiating with its last current debt holder and this debtholder has agreed to convert of all their debt to preferred stock of the Company.
The Company has received one (1) executed Debt Exchange Agreement from one debt holder and the debt holder indicated that they are willing to completely eliminate their debt and convert it to preferred stock.
This Debt Exchange Agreement eliminates over $1M in debt of the balance sheet of the Company. This will be reflected in the next financial statements filed with OTCMarkets by the Company.
The Company has eliminated over $2.2M in debt since June 2013. This is the fourth Debt Exchange Agreement the Company has successfully negotiated with debt holders.
This is great news and could very well help TCPS make a huge move today!
Our new pick is TCPS - TechnoConcepts
TCPS closed today at .003 but has a 52WH of over 10x that!
TCPS TechnoConcepts, Inc. (TCI), is in the business of designing, developing, manufacturing and marketing wireless communications semiconductors.
TCPS stated in a recent PR their proprietary technology, including True Software Radio™ and Lycon™ chip, became once again commercially viable when the FCC agreed with President Obama's directive to the Commerce Department to create a "shared-use spectrum superhighway" in the 500 to 1000 MHz spectrum.
This could potentially change the wireless communication industry on a global scale!
A report issued last year by the President's Council of Advisors on Science and Technology (PCAST) cited one statistic that predicts the number of devices connected to mobile networks worldwide will grow tenfold by 2020, from 5 billion to 50 billion. To meet this demand, PCAST recommended that President Obama direct the Commerce Department to identify 1000 MHz of federal spectrum that could be leveraged to create "shared-use spectrum superhighways."
TCPS owns Silver Sun Products who is a distributor of products supplying the medical MJ field. They distribute over 180 different products throughout the marijuana field!
Big moves are being made in this industry. A bill being introduced Monday in the U.S. House of Representatives would amend the Controlled Substances Act -- the federal law that criminalizes marijuana -- to exempt plants with an extremely low percentage of THC.
TCPS has really got our attention with its low price and its hands reaching into the lucrative med. marijuana sector.
Good luck!
