Gawk Inc. (GAWK)

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PR states it should be done
GAWK Restructures Short Term Convertible Debt
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Move intended to improve value through reduced dilution

LOS ANGELES, CA--(NewMediaWire - Feb 9, 2017) - Gawk, Inc. (OTC PINK: GAWK), a cloud-based infrastructure-as-a-service company, today announced the acquisition by a new investor of its short term convertible notes.

It's management's expectation that due to a more fundamental investing strategy the new note holders will be less aggressive in their exit than the current holders.

The new investors have agreed to a leak out provision that management expects will reduce dilution from stabilized reselling and allow the company's value to rise to a level more reflective of the company's real value.

In its most recent 10-Q filing the company announced achieving operating cash flow positive status and a run rate of $7 million per year.

"The reason we're undervalued at only a fraction of annual revenue we feel is due to aggressive selling which we hope to mitigate with this move," commented CEO Scott Kettle. "This is part of a continued effort to improve cash flow and reduce dilution through smart financial restructuring."