Sunday, August 20, 2017 12:57:58 PM
IR responded to my inquiry
Even on a sunday. I applaud that effort since they did not need to do that.
I asked specifically for the company to respond and confirm, deny, or clarify the notes written by one of the mods on the board.
The notes say this.
$15.2 million convertible debt due in October 2017 = equal to 1 Billion!!! shares at current share price , But A/S is 500m , So another Reverse Split highly likely for debt holders to get paid , at least partial"
Please note the mod continues to emphasize convertibles maturing in October. I have posted company's response before that they clearly said they will have this taken care of long before oct. maturity.
Today the company specifically responded again to the above mentioned by the moderator.
Their response
"The convertible debt coming due in October has to be restructured because the holders do not want to be affiliates. It will likely be restructured over the next few weeks. "
IMO
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM