InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,071.63
(
0.02%
)
US TECH 100
16,885.60
(
-1.02%
)
Dow Jones
38,460.92
(
0.00%
)
Brent Oil
87.49
(
0.30%
)
Bitcoin
64,047.84
(
-0.36%
)
Post# of 177066
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Keep Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

flippa

Send PM Follow Ignore
Followers 32
Posts 1532
Boards Moderated 0
Alias Born 04/16/2012

flippa

Re: None

Friday, 01/05/2018 9:28:41 AM

Friday, January 05, 2018 9:28:41 AM

Post# of 177066
PFTI... CEO OF THIS STOCK WAS FORMER CEO OF AVIS..
JOSEPH VITTORIA MULTI-MILLIONAIRE WITH EXTENSIVE LIST OF HEAVY HITTER CONNECTIONS. HE OWNS 20 SOMETHING MILLION SHARES OF THIS STOCK. LOTS OF OPPORTUNITY HERE!!! GLTA

Puradyn Filter Technologies (OTCQB:PFTI) announces that CEO Joseph Vittoria has converted debt and accrued interest of $6.1M into 20.3333M shares of Puradyn's restricted common stock at a conversion price of $0.30 per share.
The company notes that the conversion price is roughly 10X Puradyn's recent closing price of $0.03 per share.
The conversion of debt to equity will be recorded as a reduction in long term debt and an increase in paid-in-capital in Puradyn's 2016 financial statements.
After the conversion, Vittoria will hold ~37.1% of Puradyn's outstanding shares
Public Reply Private Reply New Post
Keep Last Read
Keep Last Read Next 10 Report Keyboard Shortcuts
Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up