![](https://investorshub.advfn.com/uicon/215912.png?cb=1712676174)
Wednesday, November 01, 2017 9:06:09 AM
"Recently, the company's note holders have put a large number of shares into the market, driving down the share price," said company CEO Donald MacIntyre. "Obviously, this is not the direction we want our share price to be moving, and we are actively working to enter into new agreements that will better support our stock."
The company has consolidated two note holders into a single friendly note holder who is committed to the goal of long term growth of the company and will provide additional working capital to increase inventory levels and expand sales channels. The company's goal is to stop/slow down note conversions and the subsequent sale of new stock into the market by continuing to consolidate existing notes.
"When we have more definitive information, we will issue a news release and put it up on our social media," said Mr. MacIntyre."
FEATURED POET and Luxshare Tech Expand Product Offerings for Artificial Intelligence Networks • Aug 1, 2024 9:28 AM
Management Discusses Financial Filings of Global Arena Holding Inc., for 10-K 2023 and 10-Q, 1st Quarter 2024 • GAHC • Aug 1, 2024 9:14 AM
VAYK Announces LOI to Acquire $1 Million Home Service Company to Support Airbnb Business • VAYK • Aug 1, 2024 9:00 AM
Duane Forrester Joins INDEXR as SVP of Search • MONI • Jul 31, 2024 11:46 AM
Lingerie Fighting Championships Help Fulfill Death-Bed Promise With First Major Motion Picture • BOTY • Jul 31, 2024 9:00 AM
Kona Gold Beverage Significantly Reduces Debt from Multiple Holders • KGKG • Jul 31, 2024 9:00 AM