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Thehustle

10/22/17 12:54 PM

#45614 RE: doogdilinger #45604

Yep. $PFWI 8k came out after hours so look for something this week. Also Big news coming this month regarding debt retirement. QB stock looking to keep its status so 01 is looking like a minimum here!

Weston, FL -- (ReleaseWire) -- 09/05/2017 -- Petrone Worldwide, Inc. (OTCMKTS:PFWI), today announces that it has retired $175,000 in toxic debt. Discussions with its remaining debt holders and a private investor for the acquisition and subsequent retirement of substantially all of the company's outstanding convertible debt.The Company expects the Investor to finalize a structured purchase plan of the Company's outstanding convertible debt by October 26, 2017. The Company anticipates the Investor will infuse new capital into the business through purchase of a combination of common stock and long-term debt.Victor Petrone, CEO of Petrone Worldwide, Inc., commented, "This is a huge development for the Company