so did they pay these off at .11 a share and there done or do they convert at .11 ?? if I read it right they pay them off at .11 correct... What are you searching for?
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IQST
iQSTEL Inc.
Common Stock
0.0628
-0.0058
-8.45%
0.0628 / 0.0688 (1 x 1)
Real-Time Best Bid & Ask: 05:00pm 09/24/2020
Delayed (15 Min) Trade Data: 12:00am 09/24/2020
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Verified Profile 06/2020
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OTC DISCLOSURE & NEWS SERVICE
iQSTEL Settles With Two Debt Holders at $0.11/Share, Over 50% Premium to the Market
Press Release | 08/05/2020
NEW YORK, NY, Aug. 05, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- iQSTEL Inc. (OTC: IQST), a leading-edge 21st Century Enhanced Telecommunications Service Provider, continues cleaning up the balance sheet with further debt reductions. Two existing debt holders, BHP Capital NY Inc and Jefferson Street Capital LLC, have agreed to an exchange at a premium to the current market, $0.11/sh, settling the debts in full.
The debts are fully settled, this includes any and all interest, fees, warrants, etc. Originally the debt included a 50% discount to market conversion rate, interest and other provisions. By settling at $0.11/share, iQSTEL and shareholders not only benefit from the debt reduction but this premium to market shows serious confidence in the ability of iQSTEL management to continue executing on their business plan. Any remaining share reserves will be canceled with the transfer agent. Complete details are
