Friday, January 27, 2017 12:05:23 AM
Debt as of 08/31/2016:
$381,692 owed to R Holdings 9
$742,200 owed to Common Sense Holdings
Debt as of 11/30/2016:
$343,692 owed to R Holdings 9
$557,814 owed to Common Sense Holdings
Debt Paid Between 08/31/2016 & 11/30/2016:
$ 38,000 paid to R Holdings 9 (in CASH)
$184,386 paid to Common Sense Holdings (CASH + conversions)
Conversions = 90,600,000 x $.001 = $90,600
$184,386 - $90,600 = $93,786 CASH paid to Common Sense Holdings
$222,386 = 20% total debt reduction during Q4 ($131,786 CASH + $90,600 conversions)
The CASH payments will continue until Endo BioSciences is debt free as well as profitable.
How many other cannabis sector companies are profitable, self sufficient and actively using CASH to pay down their start-up debt?
Yet here's one with a paltry $5.8 million market cap vs. $3.5 million in rapidly growing revenue and some folks are crying foul? (SMH)
Recent UBQU News
- Ubiquitech Software Corporation Retains Vitello Capital Ltd. to Aid Strategic Planning and Assess Global Acquisition Opportunities • InvestorsHub NewsWire • 10/11/2023 12:09:01 PM
- Ubiquitech Reports Convertible Debt Forgiveness in Excess of $1,000,000 • InvestorsHub NewsWire • 06/22/2023 12:44:02 PM
Avant Technologies Equipping AI-Managed Data Center with High Performance Computing Systems • AVAI • May 10, 2024 8:00 AM
VAYK Discloses Strategic Conversation on Potential Acquisition of $4 Million Home Service Business • VAYK • May 9, 2024 9:00 AM
Bantec's Howco Awarded $4.19 Million Dollar U.S. Department of Defense Contract • BANT • May 8, 2024 10:00 AM
Element79 Gold Corp Successfully Closes Maverick Springs Option Agreement • ELEM • May 8, 2024 9:05 AM
Kona Gold Beverages, Inc. Achieves April Revenues Exceeding $586,000 • KGKG • May 8, 2024 8:30 AM
Epazz plans to spin off Galaxy Batteries Inc. • EPAZ • May 8, 2024 7:05 AM