Petrone Worldwide Inc. (fka PFWIQ)

[Murdoc]

LOI announced earlier this year. I assume it's still in play. One of the things CEO is referring to in the red text from this PR IMO

09/05/2017 -- Petrone Worldwide, Inc. (OTCMKTS:PFWI), today announces that it has retired $175,000 in toxic debt. Discussions with its remaining debt holders and a private investor for the acquisition and subsequent retirement of substantially all of the company's outstanding convertible debt.The Company expects the Investor to finalize a structured purchase plan of the Company's outstanding convertible debt by October 26, 2017. The Company anticipates the Investor will infuse new capital into the business through purchase of a combination of common stock and long-term debt.Victor Petrone, CEO of Petrone Worldwide, Inc., commented, "This is a huge development for the Company. The work that has been done over the last 90 days is starting to pay off. Getting all parties together on this deal will create a huge positive impact on the Company's cost of capital and its ability to execute on the many acquisition opportunities we have sourced. I look forward to getting this deal completed as we start a new chapter for Petrone Worldwide and its shareholders.