Absolutely. Debt is a problem for small companies. BZWR does not have to worry about that now.
Rhett announced that on 6/17/2021 but didn't state when it was paid, in the 3rd QTR or in June the 4th QTR.
Should be a strong Balance sheet when the May 31 2021 financials come out, if they were paid before 5/31/2021.
If after then it would be reflected in the 4th quarter, but noted in the financials.
Also, will help the income statement bottom line going forward, no interest expense.
This is what he stated on June17th:
Rhett Doolittle@RhettDoo
·Jun 17
"Cash is great! We’re in a super strong position with capital in the bank right now enabling us to wipe out debt for a fraction of what we owed = super strong balance sheet & zero $ wasted on interest fees" $BZWR