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$FTXP Nice opportunity! Balance Sheet Initiatives:

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jedijazz Member Level  Monday, 05/10/21 08:44:52 AM
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$FTXP Nice opportunity! Balance Sheet Initiatives:

For the remainder of 2021, Foothill’s strategy is to settle and eliminate the Company’s outstanding variable rate convertible debt to clean up its balance sheet and better position the Company for future growth.

To that end, the Company has reached settlement and mutual release agreements with both Power Up Lending Group, Ltd. (“PowerUp”) and FirstFire Global Opportunities Fund, LLC, (“Firstfire”) to retire the variable rate convertible loans issued to both lenders.



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