OH!!! Did I mention the are paying odd their debt. Check it out!!!
UBQU!!!
Do the math folks ...
Debt as of 08/31/2016:
$381,692 owed to R Holdings 9
$742,200 owed to Common Sense Holdings
Debt as of 11/30/2016:
$343,692 owed to R Holdings 9
$557,814 owed to Common Sense Holdings
Debt Paid Between 08/31/2016 & 11/30/2016:
$ 38,000 paid to R Holdings 9 (in CASH)
$184,386 paid to Common Sense Holdings (CASH + conversions)
Conversions = 90,600,000 x $.001 = $90,600
$184,386 - $90,600 = $93,786 CASH paid to Common Sense Holdings
$222,386 = 20% total debt reduction during Q4 ($131,786 CASH + $90,600 conversions)
The CASH payments will continue until Endo BioSciences is debt free as well as profitable.
How many other cannabis sector companies are profitable, self sufficient and actively using CASH to pay down their start-up debt?
Yet here's one with a paltry $5.8 million market cap vs. $3.5 million in rapidly growing revenue and some folks are crying foul? (SMH)
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