![](https://investorshub.advfn.com/uicon/612611.png?cb=1588449320)
Sunday, November 05, 2017 10:03:35 AM
"I am pleased to announce that I was successful in negotiating a 260 million share block of free trading EVSV shares into a long term debt instrument which SEC rules require a minimum one year hold. This block of stock was still in our float during the time of this past Monday's PR release and literally on Tuesday the very next day got word of the shareholder's acceptance to replace these shares with a long term debt instrument. At this point we have exceeded our promise to reduce our outstanding shares by 1 Billion shares and have successfully reduced our shares by 1.2 Billion in the last 5 weeks."
LINK: http://www.marketwired.com/press-release/enviro-serv-inc-evsv-announces-exploratory-entry-into-marijuana-fertilizer-marketplace-pinksheets-evsv-2217319.htm
This is why I believe Trina was able to announce the elimination of all toxic debt. Now that the Company is headed in the right direction, I'm sure he was able to convert all the notes into long term debt agreements, with the assumption that any additional contracts and/or revenue streams would allow EVSV to make consistent payments towards the debt instruments.
So I don't expect the debt to be fully paid off, but I think the financials will reflect a situation that is not dilutive to the shareholders. And that's all that really matters in terms of the share price increasing.
In fact, the PR from August 10th confirms this:
In addition, we successfully raised debt capital in the amount of $67,000 and as stated above had zero dilution to our shareholders. We are midway through the third quarter with again zero dilution in our common stock and strong sales for the summer months.
LINK: http://www.marketwired.com/press-release/enviro-serv-inc-evsv-announces-explosive-record-q2-2017-financials-major-common-stock-otc-pink-evsv-2229723.htm
More contracts/sales = more revenues = more access to non-toxic debt = more note holders willing to negotiate financing terms = no dilution
Glidelogic Corp. Becomes TikTok Shop Partner, Opening a New Chapter in E-commerce Services • GDLG • Jul 5, 2024 7:09 AM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM