Affluence Corp (AFFUD)

[oldstocks]

already clearing $45M toxic debt, tell me more about this. But move the point to the left one.

I didn’t know their toxic debt was $45M

It is very important to put the decimal point in the right place.

In a shareholder letter from September 8, 2025, management confirmed that part of the restructuring plan involved repayment and settlement of legacy convertible debt and derivative liabilities to strengthen the balance sheet.

The letter specifically notes eliminating **over $4.5 million of legacy debt and derivative-related liabilities from the balance sheet during H1 2025 as part of that cleanup effort.




What they still are holding off on telling us and what they plan on putting out in the news may be:

That some more toxic debt was paid off and the rest converted into restricted preferred shares.
Since it has been about 5 1/2 months since the shareholder letter was put out i would hope they have accomplished getting rid of most of the old debts. But when the debt holders converted and diluted down to .00005 it became hard to get much more debt paid off. Now the only option for the debt holders to get paid off is to take restrictive preferred shares.

As of what we know now:

Still outstanding / unresolved:
Remaining legacy convertible debt instruments have not yet been eliminated and are being targeted for conversion into long-term preferred equity as part of restructuring.