The company paid off notes the last time in the amount of $765k and they plan on doing so again. Current notes don't come due till next year.
OBhands Friday, 06/20/14 09:37:34 AM
Re: None
Post # of 16380
Debt Reduction of $767,950 Players Network Announces
The Debt Reduction Includes Pay-Off of the Final Asher Enterprise Note Prior to Conversion; This Repayment Eliminates 100% of Asher Enterprise Related Obligations and Release All Associated Reserved Stock and Derivative Liabilities
Marketwired
Players Network May 5, 2014 9:40 AM
LAS VEGAS, NV--(Marketwired - May 5, 2014) - Players Network (OTCQB: PNTV), a Digital Television, Technology and New Media company that develops, owns, and operates Branded Lifestyle Channel Destinations, announces today that on Friday, May 2, 2014 that they repaid the final Asher Note, "Note 9," from October 28, 2013. This completes a total debt reduction for the Company of $767,950 during 2013 and the 1st Quarter of 2014, inclusive of $351,210 of outstanding payables that have been settled or repaid of several notes. In addition to Asher, the company had paid off or satisfied through conversion other notes held by Continental Equities and JMJ.
CEO Mark Bradley states: "We thank all the companies that provided us debt financing for their support of our business plans during a difficult transitional period. We are also pleased to announce that with our recent successes we have been able to secure both direct equity investment into the Company and more attractive financing terms, and that repaying these notes prior to conversion was thought to be in the best long term interest of the Company and it Shareholders." Bradley adds, "This improvement in our balance sheet as well as the continued steady progress in the fundamentals of our business and growth in revenues open alternative sources of capital and more traditional sources of financing to the Company."
The focus of this company is on the business at hand:
RealVegasTv.com
WeedTv.com
PlayersNetwork.com
Medical Dispensary in Las Vegas:
Green Leaf Medical LLC, 3190 W Sahara Ave. CEO Mark Bradley, vice president Michael Berk, CMO Dr. Andrew Jones, chief security officer Steven Rybar, chief compliance officer Mark Terbeek, director Kathryn Peterson and vice chief security officer Joel Logan.
SNL funny but as anyone can see PNTV is very real.
