Cardiff Lexington Corp (CDIX): CDIX...on March 2019 announced today t...

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Cardiff Lexington Corp (CDIX)

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Re: KeepItRealistic post# 13508

Sunday, 07/07/2019 1:24:56 PM

Sunday, July 07, 2019 1:24:56 PM

CDIX...on March 2019
announced today the retirement of eight convertible notes entered into by the Company between September 2016 and November 2018.

“We have made significant inroads to reduce debt. Today’s announcement demonstrates our commitment to improve the Company’s balance sheet and strengthen our financial foundation,” stated Alex Cunningham, Cardiff Lexington’s CEO. “The elimination of several variable rate, floating price, convertible notes has strengthened our balance sheet and simplified our capital structure. We will continue working to restructure the Company for future growth.”

As a result, the Company’s eight (8) convertible notes which had been currently convertible at variable prices reflecting a predetermined discount to market prices, have been retired and the Company has eliminated this indebtedness.

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