SUTIMCo International Inc (SUTI)

[Bam Bam17]

Most of the debt was converted to common stock and the debt holders are committed to working with us to ensure the growth of SUTIMCo."

SUTIMCo Provides Corporate Update Date :12/04/2013 @ 8:21AM

http://ih.advfn.com/p.php?pid=nmona&article=60262551

Mr. Fred Rogers, SUTIMCo CEO, stated, "As we prepare to bring to market a business unit we believe strengthening the balance sheet is an important factor and a necessity to better position the company. We worked with our debt holders to negotiate terms that benefited all parties involved. We are even more pleased that most of the debt was converted to common stock and the debt holders are committed to working with us to ensure the growth of SUTIMCo."

Looks like this bank is selling to make up by selling the converted to common stock shares they received from SUTI.

MAY GOD BLESS ALL.