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Friday, November 29, 2019 10:34:48 AM
This is a Welcome Step in the Right Direction.
The Company also announced that it plans to eliminate its convertible debt as illustrated by the recent satisfaction of its notes with both BHP Capital NY Inc. and Armada Investment Fund, LLC, both of which were paid off without any conversion into common stock. The plans to eliminate all other remaining convertible debts remain a high priority and management believes that if the market support continues it should be able to similarly satisfy the remaining notes well in advance of any further conversions. “We are being offered more competitive financing approaches every week and will embrace those when it makes sense to reduce our shares outstanding and overall debt load,” said Diamond.
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