CONFIDENCE COMES FROM DOING!!
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lmao..Rig-111 my favorite~
$EEENF .045~
$EEENF .032~ ...is staring down the barrel of a potential oil discovery at its 600-million-barrel prospective oil target being drill tested in the frozen arctic ground of Alaska’s oil-rich North Slope. The company said its Merlin-1 drill hole has intersected multiple reservoir sandstone layers within the target Nanushuk formation, with many layers exhibiting indications of the presence of oil, collectively referred to as “oil shows”.
The market punted 88 Energy hard in March with the ASX, AIM and OTC-listed 88 Energy’s share price hiking from just below a cent a share to a high of 4c a share on the back of its proposal to drill test Merlin -1.
According to the company, the Merlin-1 test well has drilled through multiple reservoir sand layers which appear similar to those which hold the oil at the giant 750-million-barrel Willow oil field, located a relatively short distance from 88 Energy’s Project Peregrine ground.
88 Energy is targeting a gross mean prospective resource of 645 million barrels at Merlin, with its sibling prospect, Harrier, potentially chiming in for another 417 million barrels of gross mean prospective resource in the same Nanushuk target.
https://thewest.com.au/business/public-companies/88-energy-jumps-again-as-market-absorbs-alaskan-oil-shows-c-2471648.amp?__twitter_impression=true
$PVSP .0054 - "We have been working with our attorneys. We expect to be current next week. Congrats team on a great trip to Denver."
https://twitter.com/i/status/1376239124164710402?cn=ZmxleGlibGVfcmVjcw%3D%3D&refsrc=email
$EEENF .032~
$PVSP..added this morning~
$EEENF.. nice day here!~
$GDSI .042 ..gearin up again~
$EEENF ...lotsa goodies comin.. Drilling is ongoing and advancing towards the well's targets.
$EEENF .0218 ..GOODIES COMIN - Drilling is ongoing and advancing towards the well's targets.
$ELRA .001~
$ELRA...NICE ACTION HERE!~
$PVSP...added~
$CRYBF/ACDC .43 - Daymak Spiritus car: One of our partners is Extreme Vehicle Tech (CSE: ACDC) which will provide the lithium batteries with customized BMS boards made specifically for the Spiritus.
https://daymak.com/daymak-launches-spiritus-campaign.html
Sure looks that way~
$DMNXF - Sayona Mining (ASX:SYA) gears up for capital raise
https://themarketherald.com.au/sayona-mining-asxsya-gears-up-for-capital-raise-2021-03-23/
$DMNXF - Halted on pending news and this: Piedmont Announces strategic investments in Sayona Mining Limited and Sayona Quebec Inc
Piedmont Announces Proposed U.S. Public Offering of American Depositary Shares
March 22, 2021 04:02 PM Eastern Daylight Time
NEW YORK--(BUSINESS WIRE)--Piedmont Lithium Limited (“Piedmont” or the “Company”) (Nasdaq:PLL; ASX:PLL) today announced that it plans to conduct a U.S. public offering, subject to market and other conditions, of 1.5 million of its American Depositary Shares (“ADSs”), with each ADS representing 100 of its ordinary shares (“Public Offering”).
J.P. Morgan, Evercore ISI and Canaccord Genuity are acting as joint book-runners and lead underwriters for the Public Offering. Piedmont intends to grant the underwriters a 30-day option to purchase up to 225,000 additional ADSs at the issue price of the Public Offering.
Proceeds from the offering will be used to continue development of the Company’s Piedmont Lithium Project, including definitive feasibility studies, testwork, permitting, further exploration drilling, mineral resource estimate updates and ongoing land consolidation, to fund the previously announced strategic investments in Sayona Mining Limited and Sayona Quebec Inc and other possible strategic initiatives, and for general corporate purposes.
The Public Offering is being made pursuant to an effective shelf registration statement that has been filed with the U.S. Securities and Exchange Commission (the “SEC”). A preliminary prospectus supplement related to the offering of the ADSs has been filed with the SEC and is available on the SEC’s website at http://www.sec.gov and on the ASX website. Copies of the preliminary prospectus supplement and the accompanying prospectus relating to the Public Offering may be obtained from J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at (866) 803-9204 or by e-mail at prospectus-eq_fi@jpmchase.com; Evercore Group L.L.C., Attention: Equity Capital Markets, 55 East 52nd Street, 35th Floor, New York, NY 10055, by telephone at (888) 474-0200 or by e-mail at ecm.prospectus@evercore.com; and Canaccord Genuity LLC, 99 High Street, Suite 1200, Boston, Massachusetts 02110, Attention: Syndicate Department, by telephone at (671) 371-3900 or email at prospectus@cgf.com.
This press release is not an offer or sale of the securities in the United States or in any other jurisdiction where such offer or sale is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act of 1933, as amended.
$EEENF... NICE DAY HERE!!~
$PVSP..awesome news - Hello PVSP shareholders: Congratulations Transcendence Age Corp. team on being chosen to design and plan the buildout of the largest CBD farm to ever be constructed in the world. Good luck on your meetings in Denver this week. Thank you shareholders for your support.
Hello PVSP shareholders: Congratulations Transcendence Age Corp. team on being chosen to design and plan the buildout of the largest CBD farm to ever be constructed in the world. Good luck on your meetings in Denver this week. Thank you shareholders for your support.
— Pervasip Corp (@PervasipC) March 22, 2021
$EEENF .024~
$MGON...added~
$SDRC .04 - Gold production comin.. "Over the winter months
we will work with Groundhog Mining to finalize operational plans and a budget for next year.
The management will focus on ensuring we are able to secure the necessary funding to
continue working on location for a full season that will likely begin on June 1, 2020 and
continue until at least October 31, 2020. Based upon this season’s work it is our opinion we
could begin active production mining next season.
http://www.sidneyresourcescorporation.com/uploads/3/4/5/9/34598960/lucky_ben_end_of_2020_season_update.pdf
I spoke to the company and they confirmed that gold production is still very much a reality this season.
SDRC Attorney Letter with Respect to Current Information
https://backend.otcmarkets.com/otcapi/company/financial-report/274438/content
$SDRC : #Idaho #Gold #Miner #Investment
— ☀️Alex Sunderland☀️ (@SUNNYLAND24) October 8, 2020
**THE BEST PART OF ALL**
DO YOU SEE THAT?????....👇👇
That right there is PURE #GOLD #Mined by $SDRC in the year 2020!!!!....
There are many haters that said THAT would NEVER happen...
Life Changer in the #OTC right here. pic.twitter.com/Ev0nlgVkgZ
$GRLT...LOOKIE GOOD!!
$FERN...LOOKIE GOOD!!~
$FERN .0031~
$XALL .028 - News.. Xalles Announces a License Agreement with Xped Holdings to Create a Payment Platform Across Its Subsidiaries
Technology Development Agreement supported by an International Patent Portfolio, Including 7 U.S. Patents, Will Enhance Xalles Operating Subsidiaries to Grow Revenues and Scale Globally
WASHINGTON, DC, March 19, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire – Xalles Holdings Inc. (OTC: XALL), a fintech holding company providing technology and financial services solutions, has acquired a non-exclusive, worldwide right to a unique suite of technology from Xped Holdings Pty. Ltd of Adelaide, Australia, and its U.S. affiliate Xpeditum LLC (collectively “Xped”).
Developed over 10 years of research and development, Xped’s new “Simplify Platform,” supports near-field communication (NFC) virtual cards and mobile wallets across multiple currencies and cryptocurrencies for merchant and consumer payments.
“Having delivered payment technology to hundreds of millions of consumers globally, Xped Holdings looks forward to integrating our mobile and NFC centric technology across multiple businesses within the Xalles Holdings portfolio,” said Keith Benson, CEO of Xped Holdings. “The full platform is expected to be commercially deployable on a global scale by the end of 2021. We’re excited to see how the technology will enhance the capabilities for Xalles’ subsidiaries,” stated Benson.
Xalles operating subsidiaries will benefit directly from the licensing agreement with Xped:
Argus Technology Partners will integrate the payment platform into its recently announced e-commerce platform.
Vigor Crypto Holdings can transfer and hold multiple currencies including cryptocurrencies among external cryptocurrency traders.
Global Savings Network will be rolled out with a fully electronic merchant discount and couponing program that benefits local merchants and non-profit organizations.
1Rivet will look to enable their eGovernment services platform with the new Xalles payment platform.
Xalles Limited, the original Xalles Holdings subsidiary, will use the new platform as the backbone for its new version of X2X, a financial transaction reconciliation system. One of the applications of X2X is supporting the post payment auditing services to support multiple vertical markets. To learn more: xalles.com/post-payment-audit
“This is the most significant technology acquisition in the company’s history,” stated Thomas Nash, CEO, Xalles Holdings. He continued, “Most of the Xalles operating entities will be able to take advantage of this unique platform by customizing it for their own applications and in some cases, will enable rapid deployment and enhanced revenue growth. We are excited to get the integration and implementation projects underway.”
About Xalles Holdings Inc. (OTC: XALL)
Xalles Holdings Inc. is a holding company that focuses on direct investments in disruptive fintech companies. The company actively seeks acquisition targets in which it can invest and accelerate growth, targeting companies with solid management teams and business models, large total attainable markets (TAM), and lucrative exit opportunities. The company places emphasis on leveraging blockchain technologies to provide industry-leading financial reconciliation and auditing solutions, which, over time, will allow for the capture of recurring revenue streams. For more information visit: http://xalles.com.
$PVSP..NICE DAY HERE!!~
$PVSP .0059 ...nice day~
$DMNXF .0339 - News - Sayona Mining Ltd (ASX:SYA) Study Confirms Tansim Project High Lithium Potential
Date
3/17/2021 11:05:48 PM
Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) has reaffirmed confidence in the lithium potential of its emerging Tansim Lithium Project, following the completion of an updated NI 43-101 Technical Report on its project located in Abitibi-Temiscamingue, Quebec.
The report by BBA's Principal Geologist Pierre-Luc Richard reviewed the project following its recent expansion to encompass 275 claims spanning 15,907 ha of prospective lithium acreage (refer ASX release 11 March 2021). The NI 43-101 report concluded that the project's exploration potential remains high and that the potential to increase the size of the currently modelled pegmatites, which remain open laterally and at depth, is also high.
A C$1.6 million (A$1.65 million) work program has been committed for Tansim, comprising a Phase One 5,000m drill program, followed, if warranted, by a Phase Two work program to include a mineralogical study, metallurgical testwork and a Mineral Resource estimate.
Sayona's Managing Director, Brett Lynch, commented: "The confirmation of Tansim's high exploration potential is extremely welcome following our recent expansion of the project. We look forward to progressing drilling at the Viau-Dallaire and Viau prospects to take them to the resource determination stage.
"Tansim has assumed a greater importance in Sayona's 2021 plans, reflecting its high growth potential which can complement the development of our flagship Authier project, as well as potential synergies with NAL, pending a successful bid. We see Tansim becoming a key component of our vision for a world-scale lithium hub in the Abitibi region, uniquely located to service the North American lithium market."
Tansim Project - Background
Located 82 kilometres south-west of Sayona's Authier project, Tansim hosts known pegmatites at the Viau and Viau-Dallaire prospects which were first identified in the 1950s. These occurrences remained lightly explored until Sayona's involvement in the project in January 2018. Since that time Sayona has consolidated and expanded the project claims so that they now represent the largest contiguous tenure any company has assembled in the area.
Past explorers have recognised the significance of the geochemically evolved Reservior Decelles Batholith, a suite of monzogranite intrusions, which are the typical parent magma for spodumene bearing pegmatite systems at a worldwide scale. At Tansim, a strongly magnetic suite of sediments and intrusive rocks some 12km in strike extent and several kilometres in width margins the monzogranite and this contact zone presents as the primary exploration target.
This zone is host to the Viau and Viau-Dallaire spodumene pegmatites, and planning is underway for 2021 exploration which has the benefit of utilising tracks recently made by other users of the area. This planned first reconnaissance of the target area has potential to rapidly elevate the Tansim area into an area of significant district scale discovery.
Sayona's 2019 drilling at the Viau-Dallaire prospect (11 holes for 1219m) identified two pegmatites of 15m and 40m true width which remain open in all directions. An Exploration Target (refer note below) for the Viau-Dallaire prospect has been estimated at between 5 million tonnes, at an estimated grade of 1.2-1.3% Li2O, and 25 million tonnes, at an estimated grade of 1.2 - 1.3% Li2O (refer ASX release 19 November 2019).
( ) ( ) is an Australian, ASX-listed (SYA) company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. The Company has lithium projects in Quebec, Canada and in Western Australia.
Please visit us as at
Brett LynchManaging DirectorPhone: +61 (7) 3369 7058Email:
MENAFN17032021000111011020ID1101770039
$DMNXF news - Sayona Mining Ltd (ASX:SYA) Study Confirms Tansim Project High Lithium Potential
Date
3/17/2021 11:05:48 PM
Emerging lithium miner Sayona Mining Limited (ASX:SYA) (FRA:DML) (OTCMKTS:DMNXF) has reaffirmed confidence in the lithium potential of its emerging Tansim Lithium Project, following the completion of an updated NI 43-101 Technical Report on its project located in Abitibi-Temiscamingue, Quebec.
The report by BBA's Principal Geologist Pierre-Luc Richard reviewed the project following its recent expansion to encompass 275 claims spanning 15,907 ha of prospective lithium acreage (refer ASX release 11 March 2021). The NI 43-101 report concluded that the project's exploration potential remains high and that the potential to increase the size of the currently modelled pegmatites, which remain open laterally and at depth, is also high.
A C$1.6 million (A$1.65 million) work program has been committed for Tansim, comprising a Phase One 5,000m drill program, followed, if warranted, by a Phase Two work program to include a mineralogical study, metallurgical testwork and a Mineral Resource estimate.
Sayona's Managing Director, Brett Lynch, commented: "The confirmation of Tansim's high exploration potential is extremely welcome following our recent expansion of the project. We look forward to progressing drilling at the Viau-Dallaire and Viau prospects to take them to the resource determination stage.
"Tansim has assumed a greater importance in Sayona's 2021 plans, reflecting its high growth potential which can complement the development of our flagship Authier project, as well as potential synergies with NAL, pending a successful bid. We see Tansim becoming a key component of our vision for a world-scale lithium hub in the Abitibi region, uniquely located to service the North American lithium market."
Tansim Project - Background
Located 82 kilometres south-west of Sayona's Authier project, Tansim hosts known pegmatites at the Viau and Viau-Dallaire prospects which were first identified in the 1950s. These occurrences remained lightly explored until Sayona's involvement in the project in January 2018. Since that time Sayona has consolidated and expanded the project claims so that they now represent the largest contiguous tenure any company has assembled in the area.
Past explorers have recognised the significance of the geochemically evolved Reservior Decelles Batholith, a suite of monzogranite intrusions, which are the typical parent magma for spodumene bearing pegmatite systems at a worldwide scale. At Tansim, a strongly magnetic suite of sediments and intrusive rocks some 12km in strike extent and several kilometres in width margins the monzogranite and this contact zone presents as the primary exploration target.
This zone is host to the Viau and Viau-Dallaire spodumene pegmatites, and planning is underway for 2021 exploration which has the benefit of utilising tracks recently made by other users of the area. This planned first reconnaissance of the target area has potential to rapidly elevate the Tansim area into an area of significant district scale discovery.
Sayona's 2019 drilling at the Viau-Dallaire prospect (11 holes for 1219m) identified two pegmatites of 15m and 40m true width which remain open in all directions. An Exploration Target (refer note below) for the Viau-Dallaire prospect has been estimated at between 5 million tonnes, at an estimated grade of 1.2-1.3% Li2O, and 25 million tonnes, at an estimated grade of 1.2 - 1.3% Li2O (refer ASX release 19 November 2019).
( ) ( ) is an Australian, ASX-listed (SYA) company focused on sourcing and developing the raw materials required to construct lithium-ion batteries for use in the rapidly growing new and green technology sectors. The Company has lithium projects in Quebec, Canada and in Western Australia.
Please visit us as at
Brett LynchManaging DirectorPhone: +61 (7) 3369 7058Email:
MENAFN17032021000111011020ID1101770039
$APRU .0156~
$PVSP .004~
$PVSP nice one - Quote:
Hello PVSP shareholders: The deal is nearly complete. Our delegation won. NEWS Forthcoming.
$APRU .0144 - news: Apple Rush Company, Inc. Customer Zion Herbals Wins Champs Best of Show Award with Speciosa Soda
Thursday, March 18, 2021 9:20 AM
https://www.accesswire.com/636271/apple-rush-company-inc-customer-zion-herbals-wins-champs-best-of-show-award-with-speciosa-soda
The IoniX Pro EV Smart Charger Series will include a single charging station that is suited for residential use, a commercial dual charging station that would be appropriate for office buildings and parking garages, and a rapid charging station that can charge an EV in less than 25 minutes that would be appropriate for roadside use.
$CRYBF - Thanks.. that's an awesome article - https://www.streetwisereports.com/article/2021/03/16/smart-battery-firm-launches-smart-charger-for-electric-vehicles.html
$CRYBF/ACDC - EV Battery Tech Launches the IoniX Pro Smart Charger
Canada NewsWire
EV Battery Tech targets disrupting one of the fastest growing segments in the EV industry
VANCOUVER, BC , March 16, 2021 /CNW/ - Extreme Vehicle Battery Technologies Corp. (the " Company " or " EV Battery Tech ") (CSE: ACDC) is pleased to officially announce the launch of its previously unveiled IoniX Pro EV Smart Charger Series (the " EV Smart Charger ").
One of the World's Fastest Growing Markets
The Electric Vehicle (EV) market is one of the fastest growing markets in the world. Projected to grow almost 5x over the next 6 years 1 , the Company wants to ensure it was not only part of this rapidly growing revolutionary change, but also wants to be a disruptive force in it.
In order for EV's to grow at such a rapid pace, it is necessary that infrastructure be built to allow for such growth. One of the most obvious necessities are EV charging stations. Similar to the absolute requirement of gas stations for gasoline and diesel fueled vehicles to operate, it is equally important to build EV charging stations for EV's to be able to operate.
Billions of EV Charging Infrastructure Spending
EV infrastructure has become a global priority as major governments and corporations have committed to spending billions of dollars (USD) towards building EV charging infrastructure.
Royal Dutch Shell (Shell), one of the world's largest oil and gas companies, has recently announced its plans to increase its number of charging stations to 500,000 by 2025 2 .
President Joe Biden has recently proposed to build 550,000 EV charging stations in the next few years, as part of the $2 trillion USD plan to fight climate change 3 .
_____________________________________________
1 https://www.virta.global/global-electric-vehicle-market
2 https://insideevs.com/news/487881/shell-plans-500000-charging-points-globally-2025/
3 https://www.reuters.com/article/usa-biden-granholm-evs/bidens-expected-energy-department-pick-granholm-could-lead-charge-on-electric-cars-idUSKBN28R0JO
Rendering of the Proposed Smart Charger Courtesy of the Company (CNW Group/EV Battery Tech)
"Smart Charger": A disruptive force for the EV Charging Industry
While it is clear that a significant increase in EV charging station infrastructure is necessary, EV chargers are not a new technology. Most EV chargers derive their power from the grid and transfer electricity into the EV to charge the EV's batteries.
EV Battery Tech is introducing a revolutionary new element to the basic EV charger. The Company has combined its Energy Storage System (ESS), which includes its patented and state-of-the-art Battery Management System (BMS) with an EV Charger to launch the revolutionary "Smart Charger" . The Company is confident that this game-changing combination will help expedite the installation of EV infrastructure and disrupt the EV charging industry.
Key Features of the EV Smart Charger
Artificial Intelligence
The Company's patented BMS technology is powered by Artificial Intelligence (AI), which not only bolsters superior battery monitoring, but also allows for remote maintenance and machine learning capabilities. This technology is intended to provide greater efficiency, greater reliability and increased safety.
Powered by Renewable Energy
Given the intermittent nature of renewable energies such as wind and solar power, they are not a reliable source of power for EV charging stations. However, the Company's new EV Smart Charger is expected to solve the intermittent issue by storing the power and then discharging the electricity into the EV Charger even when the sun is not shining or the wind is not blowing. The EV Smart Charger's AI capabilities is expected to be more efficient with each use as the machine learning will target the best times to be charging and discharging to maximize safety as well as the life of the battery.
Arbitrage – Peak Shaving
By having the ability to store power, customers of the EV Smart Charger are able to charge the battery during the "offpeak" hours and then discharge the electricity into the EVs during "peak" hours. This spread between peak and offpeak hours, can be very significant in major cities, with the prices more than doubling or tripling in peak periods.
No Extra Connection Costs
As many building owners have learned, the addition of charging stations usually requires a significant connection cost by the power utility company. This is due to the increased power required during peak hours. However, since the battery can be charged during offpeak hours, the building owners are able to potentially avoid this connection fee, by running EV Smart Chargers and only discharging electricity to the EV's from the stored battery electricity.
Variability allows for a wide range of uses
EV Battery Tech's lineup of EV Smart Chargers will include a single charging station, a standard commercial dual charging station and most impressively, our rapid charging station which is expected to power an EV in less than 25 minutes .
The size of the battery and the speed of the charger are variable, so smaller sized units are suited for residential and recreational charging, commercial dual charging stations are customizable for parking garages and office buildings and larger sized rapid-charging models are targeted for roadside super-fast charging.
The company officially started pre-sales of the EV Smart Charger on their website www.ionixpro.com this morning at 5:00 am EST .
"Our brilliant design and engineering teams have done it again!" stated Bryson Goodwin , President and CEO of EV Battery Tech . "The Company has once again taken one of the fastest growing products and introduced what we expect to be a version that is far superior to anything else on the market today. We believe the EV Smart Charger will be one of best-selling products and we are very excited for this launch."
"To say we have had a busy start to the new year would be a massive understatement. We have no plans in slowing down, in fact, we have just scratched the surface of what's to come in 2021."
On behalf of the Company,
Bryson Goodwin ,
Chief Executive Officer
About EV Battery Tech
Extreme Vehicle Battery Technologies Corp. is a blockchain and battery technology company with revolutionary, patented Battery Management Systems (BMS) designed to meet the growing demand for scalable, smart solutions for the rapidly growing Electric Vehicle (EV) and Energy Storage Solution (ESS) markets. The company has committed to assisting global recycling solutions by offering recycling initiatives using their technology to analyze and fully refurbish used batteries.
About AlphaOne Media Group Inc.
AlphaOne Media Group Inc. ("AlphaOne") is a full-service Investor Relations and Marketing company that focusses on both private and public companies. AlphaOne offers communication services such as investor relations as well as marketing services over several mediums to provide effective, thorough market awareness programs that are specifically designed to maximize exposure and bring value to shareholders. AlphaOne's dedicated and experienced team strives to promote its clients to the public and educate potential investors on their developments.
The CSE (operated by CNSX Markets Inc.) has neither approved nor disapproved of the contents of this press release.
Forward Looking Statements
Statements in this news release that are forward-looking statements are subject to various risks and uncertainties, including the specific factors disclosed here and elsewhere in EV Battery Tech's periodic filings with Canadian securities regulators. When used in this news release, words such as "will", "hope", "could", "plan", "estimate", "expect", "intend", "may", "potential", "believe", "should", "projected", "proposed", "rendering" and similar expressions, are forward-looking statements.
The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward-looking statements. These statements are based upon assumptions that are subject to risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements respecting (i) the Company's ability to bring its products to market; (ii) increasing demand for electric vehicles, charging stations, and other battery products, including those of EV Battery Tech; (iii) the timing of the launch of the IoniX Pro Smart Charging Station; (iv) the predicted shortage of EV infrastructure; (v) the US government's intention to increase its use of electric vehicles; (vi) the price point of the Company's products, including the IoniX Pro Smart Charging Station; (vii) the Company's ability to satisfy the demand for its products; (ix) the Company's prospects for 2021. Although the Company believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statement will prove to be correct. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
SOURCE EV Battery Tech
$VDRM .03 - ViaDerma, Inc. Announces the Payment of all Toxic Convertible Notes and Has Become Debt Free
Press Release | 03/16/2021
LOS ANGELES, March 16, 2021 (GLOBE NEWSWIRE) -- ViaDerma, Inc., (“Company”) (OTC Pink: VDRM), is pleased to announce they have paid off all outstanding toxic convertible debt and the Company is now completely debt free.
The total debt amounted to more than $869,900 and was spread out over five notes held by multiple creditors dating back to 2016, issued for monies received between 2016 to 2018. Conversion of the notes could have resulted in the issuance of more than 600 million shares of Company stock. After weeks of negotiation, ViaDerma management was able to reach settlements with the individual noteholders totaling only 70 million shares of ViaDerma stock in exchange for the cancellation of all the notes and the entire debt. As a result of this payment which was completed last week the Company is now completely debt free.
Dr. Chris Otiko, ViaDerma President and CEO said, “Being completely out of debt is a major milestone for us. With this behind we can now focus all of our attention on increasing sales and continuing to expand our business. My expectation is that we will be able to self-fund all of our operations from this point on and should no longer require to take on any debt.”
ViaDerma also announced the licensing agreement they entered into in January 2021 for use of its Vitastem product has resulted in revenues of $30,000 per month since it began two months ago. The Company receives $5,000 per month for each state in which the licensee is doing business. The licensee is currently in six states and expects to expand to more states within the next 30-60 days.
About ViaDerma, Inc.
ViaDerma, Inc. (OTC: VDRM) is a publicly traded specialty pharmaceutical company committed to bringing new products to market and licensing its innovative technology to current leaders in the pharmaceutical industry in a wide variety of therapeutic areas. For more information, visit: www.viadermalicensing.com
Any forecast of future performance is a "forward looking statement" under securities laws. Such statements are included to allow potential investors the opportunity to understand management’s beliefs and opinions with respect to the future so that they may use such beliefs and opinions as one factor among many in evaluating an investment.
Contact information:
Investor Relations
Email: info@viadermalicensing.com
Phone:
310-374-6111
https://www.otcmarkets.com/stock/VDRM/news/ViaDerma-Inc-Announces-the-Payment-of-all-Toxic-Convertible-Notes-and-Has-Become-Debt-Free?id=293822
$PVSP .0038~