InvestorsHub Logo
Followers 534
Posts 106818
Boards Moderated 1
Alias Born 11/20/2007

Re: zigzagman post# 668192

Wednesday, 07/27/2016 11:59:47 AM

Wednesday, July 27, 2016 11:59:47 AM

Post# of 821321
$CRWG Improved Balance Sheet:

CrowdGather's decision to exit the social gaming business and double-down on the cannabis industry helped significantly improve its financial condition. As a part of the transaction, the acquiring firm assumed approximately $1.8 million in debt and $500,000 in other liabilities, which reduced its total debt by around 43%. Deferred payments totaling nearly $1 million, beginning in a year, could further reduce these debt levels.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.