Mitesco Inc. (MITI)

[goingforittoday]

New filing

Reductions in Payables
In December 2019 approximately $333,000 of accounts payable was eliminated through a total of $38,500 in cash payments, As noted below, approximately $683,000 of other amounts owed were converted into 27,324 shares of a newly issued Series X Preferred Stock (the “Series X Preferred”), priced at $25.00 per share. As a result of these and other actions, we estimate that the total liabilities of the Company (unaudited and subject to change) at December 31, 2019 should be approximately $1.3 million, down from the $2.6 million reported at September 30, 2019.

https://www.sec.gov/Archives/edgar/data/802257/000118518520000019/truenat20191230b_8k.htm