Authentic Holdings Inc (AHRO)

[Value Catalyst]

Company Comments On Its Status With Convertible Noteholders

The Company has spent several weeks negotiating with a group of eight convertible noteholders to mitigate the situation in a manner that allows the company to ultimately pay off the convertible notes while alleviating the pressure on the common equity.

We are now in the final stages of working out a mutually suitable arrangement for a leak-out agreement which we feel will allow a more efficient market for the Company’s common stock as conversions occur. We expect to have all of the agreements finalized in the coming days.

The Company is also looking at the option of consolidating all of the convertible notes into one note which will allow only a single conversion to occur at any given time instead of several at the same time

We hope this describes our current state of operations clearly and we look forward to keeping our shareholders apprised as we progress with operations and with our convertible noteholders.

Chris Giordano
PRESIDENT/CHAIRMAN

https://www.otcmarkets.com/stock/GFTX/news/story?e&id=1581794