InvestorsHub Logo
Followers 14
Posts 1180
Boards Moderated 0
Alias Born 11/10/2018

Re: toncatmad post# 101854

Tuesday, 07/09/2019 3:18:54 PM

Tuesday, July 09, 2019 3:18:54 PM

Post# of 163972
LOL of course it was not given for free, there is nothing wrong with giving shares for cancelling debt and warrants.
Read the 10Q again, why is nobody talking about what they did with Peak One?

"In January 2019, the Company issued 14,746,324 shares to Peak One as part of a settlement. The shares were issued to settle any exercise of the 600,000 warrants previously granted to the investor related to convertible debt that was already converted, in addition to under conversion of previously outstanding convertible notes payable. As part of settlement to consider any remaining dispute over convertible notes payable and to avoid returning shares to the Company, the parties agreed the debt would be considered fully converted as of March 31, 2019. As part of that settlement agreement, the previously issued warrants were forfeited during the three months ended March 31, 2019 in exchange for shares issued for cash noted above. On the date of settlement, the shares had a fair value of $33,917."

So they also gave 14 million shares for free?
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent VYST News