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Thursday, October 04, 2018 8:41:01 AM
Already, Diego Pellicer Management Company has proven successful. The Company negotiated additional rental income with its existing stores, increasing cash flow. This cash flow position reduces the need to borrow capital for operations making it possible for Diego Pellicer Worldwide, Inc. to focus on expanding the brand.
This is consistent with some of the comments I’ve received from the cfo that the institutional convertibles are paid off. His email to me “We have a moratorium on convertible debt, and have even paid off existing notes with cash to limit exposure. We cannot continue with the convertible debt approach, and have been making great progress with other types of funding.”
I think news soon and they’ll pump this up.
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