CarbonMeta Technologies Inc (COWI)

[Traderboy1966]

Clearing out old Debt! Should hear more in an upcoming PR or 10k


CoroWare is furthering its long term plan to restructure and extinguish convertible debt with the objective of reducing debt and increasing shareholder value."
In return for YA Global's forbearance, CoroWare has agreed to a monthly repayment plan that will partially extinguish the unpaid interest portion comprising the convertible debenture during a period ending on April 30, 2016, and provide CoroWare with the opportunity to restructure its outstanding debt in cooperation with strategic investment partners.


In My Opinion the strategic partner is Microsoft!

Sounds like we are paying our Debt through a 20 week structured payment plan! Sounds like we are doing the right things for the shareholders.

20 weeks? We must be making some mad cash now!


CoroWare has begun its long term plan to extinguish convertible debt with the objective of reducing debt and increasing shareholder value."
In return for Blackbridge Capital's forbearance, CoroWare has agreed to a structured repayment plan that will extinguish the convertible notes over a 20 week period.


IMO


COWI