Replies to post #46755 on Alkame Holdings Inc (ALKM)

[Theoblade]

There ya have it.
"LAS VEGAS, NV -- September 7, 2021 -- InvestorsHub NewsWire -- Alkame Holdings, Inc. (OTC PINK:ALKM), is pleased to announce that management continues the strengthening of its balance sheet with the execution of a debt restructuring agreement with Blue Citi LLC.

The Company's strategic debt restructuring with Blue Citi LLC, has resulted in an agreement to restructure four convertible notes held by Blue Citi. The notes, totaling $988,000 in principle also carried accrued interest of approximately $350,000.00. Blue Citi has agreed to a restructuring of the loans and the nullification of all accrued interest, and elimination of further interest accruals going forward.

"This major debt restructuring coupled with last week's conversion of $100k in debt at $.01 has substantially reduced the dilutive effect on the Company's capital structure. Most importantly, the elimination of future interest accruing on these notes eliminates approximately $1.0 million in debt and sets Alkame on a path to secure new credit facilities supporting the Company's expected growth in the coming months. This restructure is the next step in strengthening Alkame's balance sheet as we look forward to gear up for an exciting end of the year and a strong 2022 and beyond," stated Robert Eakle CEO."