Pacific Sands Inc (fka PFSD)

[Qone0]

So how does reducing interest payments significantly reduce their debt?

Question 1
Pacific Sands, Inc. Restructures / Retires Significant Short Term Debt

Answer

Additionally, the Company has negotiated nearly $60,000 in debt relief from vendors.

Question 2

Company Favorably Renegotiates Natural Choices, LLC Purchase Agreement

Answer

The Company has renegotiated the payout schedule relating to its purchase of assets from Natural Choices, LLC. The remaining balance of approximately $650,000 has been restructured as a three-year obligation, bearing interest at 4% per annum, and payable in monthly installments of interest only. Cash and stock principal payments initially due in 2009 through 2011 have been deferred until 2012.

Seems fairly simple to me.