Email from CEO!!! Must read.
me: As an investor in Boreal Water, there has been way to much negative projections and rumours floating around about Lavoie and the development team steering us in the wrong direction. The dilution of shares and short interest is churning negatively in your favor, and hopefully your team can update us shareholders on the matter. I wanted to email you in regards to any new pr's or company updates in the near future?
Cheers,
Danny
From: "Francine Lavoie" <f.lavoie@borealwater.com>
Date: May 29, 2015 8:44 AM
Subject: RE: Investor update.
To: "Daniel Emter" <demterd@gmail.com>
Cc:
Completed all the Retirement of All Convertible Notes from Its Balance Sheet
Program strengthens company's balance sheet, represents major step under re-capitalization plan
KIAMESHA LAKE, NY- Marketwire- May 29, 2015 - Boreal Water Collection, Inc. (OTC: BRWC), a high end private label bottled water company from NY, announced today that it has almost finish the retirement all of its outstanding convertible notes held by various financing companies. As of today we have $65,955.85 left of convertible notes in our books.
Francine Lavoie, chief executive officer said "Retiring of all the convertible debt will help reduce uncertainty in our equity structure and represents a major step in our plan to re-capitalize Boreal Water and strengthen its balance sheet. We are anxious to complete this program and to continue our focus on growing our business, and adding value for our shareholders." “All of the debt conversions have resulted in a significant reduction in the Company's debt; to be exact we reduce the debts by $748,478.85. We now have only $65,955.85 left to complete the program. Going forward we believe that we can cease the use of convertible debt financing to fund our operations and expansion.”
"A significant amount of the company's operating loss and dilution to shareholders was attributable to these convertible note instruments. While such debt served a purpose during a time when we were investing in creating revenues and developing new products, we are happy to be moving ahead without this type of debt instruments."
“We have no intention to issue any more convertible notes. Since October 2014, we have not entered into any new convertible promissory note agreements. In fact, almost daily, we are turning down offers of additional financing. The fact is, going forward we can no longer justify to ourselves or our shareholders the cost of this type of financing. We are not pleased at our stock price, but unfortunately we have little to no control over the share price and the market.”
Francine Lavoie
Francine Lavoie
Chairman / CEO
Cell phone 514-566-7355
PO Box 220
4496 State Road, 42 North, Kiamesha Lake, NY 12751
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