Tuesday, March 07, 2017 1:50:05 AM
The last conversion for our larger note took place last week, the seller may still have stock. The conversions are done, but we can't tell for sure how many more shares they may still have. However, there are no further conversions so when they're out, they're out. Which is the good news.
We've turned down countless offers for convertible debt but we have not considered any. Having just respectfully declined seven figures worth of financing today, we're keeping our shareholders in mind in every decision we make.
At this time were accepting private placements directly with FNHI and have no intentions on taking any capital where the company would issue a note to convert into stock. As a revenue generating company in our space and enviable position, we feel we have better options than convertible notes for capital.
We will get financing before the CSE listing and complete a final financing upon listing, if necessary.
Thank you,
Steven Rossi
Truxmart
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