Kyn Capital Group Inc (KYNC)

[ElectTrader]

Debt and Shares Retiring

KYN Capital is exploding in the market on the Chief executive officer, Maria Daniels, announcing plans to retire all of the company’s debts. In addition, the executive has announced plans to retire some of the company’s shares seen as a way of reducing over dilution in the market.

The company has already opened discussions with noteholders and large shareholders as it eyes a deal to retire the debts as well as the shares. The Chief executive officer has confirmed a significant update in relation to debts and share retiring will be in the offing soon. The executives also maintain that the development will have a positive impact in reinvigorating the company’s prospects as well as increasing shareholder value.