THATS HUGE NEWS OUT !!!!!!!!!!!! BOOOOOOOOOM More than $350,000 of Convertible Debt Eliminated BOCA RATON, FL, April 13, 2020 (GLOBE NEWSWIRE) -- Connectyx Technologies Holdings Group (OTC PINK: CTYX) has filed all required annual reports from 2014 through 2019 to become current with its OTC Markets filing requirements. https://www.otcmarkets.com/stock/CTYX/overview Due to the extinguishment of convertible debt, the company recorded net income of $331,953 and a substantial decrease in the fully diluted shares outstanding. https://backend.otcmarkets.com/otcapi/company/financial-report/242758/content Separately, the Board of Directors has evaluated the current business plan of Connectyx Technologies and have identified significant business opportunities in the Life Sciences sector with an emphasis on bio-pharmaceuticals and medical devices. As previously announced, Paul Michaels, Founder and Managing Director of SunMed Advisors, LLC was appointed Interim CEO and Director of Connectyx Technologies. Mr. Michaels has business and investment experience in Japan and the U.S. with noteworthy expertise in the Life Sciences sector. He has completed transactions involving companies such as Celgene Corporation, Sumitomo Pharmaceuticals, Nobelpharma Co., Ltd, Teva Pharmaceuticals, ICOS, Neurocrine, Cell Therapeutics and Gilead Sciences. Mr. Michaels, Interim CEO of Connectyx, said, “We see real opportunity in building a profitable Life Sciences company via in-licensing, sub-licensing and the marketing of products in the Pharmaceutical and Medical Device field. The Company will focus on promising products with clinical data within the 'Orphan Disease' space.” Any specific disease with a patient population numbering less than 200,000 in the United States is considered to be an Orphan Disease. https://www.fda.gov/drugs/drug-information-consumers/orphan-products-hope-people-rare-diseases Michaels continued, "The Company is currently building a new website that will be launched once we have more definitive information available for the investing public. As we move forward, we will continue to update shareholders on corporate developments through Press Releases, Website updates, e-mail communications and public filings."
That must be your opinion. The official news states it's been paid off. I'll take the official news over your opinion unless you can provide accurate proof. $CTYX
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