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JustJack

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JustJack

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Thursday, 02/01/2024 10:45:10 AM

Thursday, February 01, 2024 10:45:10 AM

Post# of 9526
Debt Reduction Of $2 Million In Conjunction With Updated Business Strategy

The updated business strategy is bolstered by substantial restructuring. The company has negotiated debt reduction agreements with previous debtors and investors, and has reduced the total debt by nearly $2 million so far. The company is in the process of negotiating the settlement of an additional $1 million in debt. The company confirms that the debt reduction deals do not include the issuance of new debt instruments. Therefore elimination of the debt will increase the net equity of the company in an amount equal to the debt reduction.
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