This is a winner and need a breakthrough pr here send this back towards .003 and churn there for a bit, really where this should have been trading before whatever bs happened here, Cannouse or retail.
New America Energy Eliminates Roughly Three Million in Debt Including All Variable Convertible Notes
Press Release | 08/02/2021
NEW YORK, NY / ACCESSWIRE / August 2, 2021 / New America Energy Corp. (OTC PINK:NECA) through its recent acquisition announces that the Company has eliminated nearly One Million in variable Convertible Notes and other Liabilities.
"While we had to do what we could to access capital over the past few years to return to Current status and become an attractive vehicle for excellent Companies like Third Bench, I recognize the negative effect certain structures and terms have had on our stock. Eliminating nearly One Million in variable Convertible Notes is a major victory for our shareholders," said Jeff Canouse, CEO of New America Energy Corp.
“As we move forward in building our Company through organic and acquisition growth, we expect to attract much more advantageous capital to assist our growth to the next level. Our team is very excited for what's ahead for the rest of the year and 2022,” said David Fair, CEO of Third Bench Holdings
Mr. Fair went on to say, “I've spent the majority of my career in mergers and acquisitions, I'm confident we have access to traditional financing given the low leverage ratios of our transactions and very active post COVID credit markets. We plan on continuing this path for future acquisitions as well.”
