$MMMM NEWS No More Toxic Debt! Dilution Over, $5m quarterly Revs and growing! New lease in Edgewater NJ
- The Company’s convertible debt as noted in the 10 -Q March 31, 2020 Balance Sheet of Quad M. Solutions Inc. (OTC: MMMM) has been converted into equity
Quad M Solutions, Inc. (OTC: MMMM) announces that its convertible debt listed in the 10 – Q March 31, 2020 filing other than strategic partners has been converted. The Company foresees generating significant cash flow by late summer despite the Covid 19 pandemic and its associated shutting down of the American economy. Email Print Friendly Share June 26, 2020 10:19 ET | Source: Quad M Solutions, Inc. EDGEWATER, N.J., June 26, 2020 (GLOBE NEWSWIRE) -- The Company’s convertible debt as noted in the 10 -Q March 31, 2020 Balance Sheet of Quad M. Solutions Inc. (OTC: MMMM) has been converted into equity with the exception of select Company strategic partners. Pat Dileo CEO of MMMM said, “This debt conversion is a great achievement for the Company and relieves a significant overhang that has depressed our stock price.”
The Company is still projecting that its revenue and margin will grow despite the economic downturn and projects entering a sustained excess cash flow position starting late summer 2020. The Company intends to use a growing portion of that cash flow to repurchase and retire common shares in the open market should conditions warrant. The volatility of the market is unprecedented, and the Company will continue its drive to expand shareholder value.
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