I think the BFCH PR below was very well articulated. I am in some other stocks that I am still holding and hoping that they could release a PR like what BFCH released to eliminate all of its convertible debt. They did so by keeping the Outstanding Shares (OS) fairly intact of which is 1,267,167,845 shares as of 07/28/2025: https://www.otcmarkets.com/stock/BFCH/security
There are three key points that stood out to me from the BFCH PR a little more than some others. This first point to note is that BFCH has eliminated $2M in convertible debt. This makes the company basically debt free and sets the course for a clean path to move forward with its new direction. They executed the full retirement of all outstanding legacy convertible debt obligations, eliminating over $2 million in overhang and setting the stage for a transformative new chapter under the Company's recently appointed CEO, Dr. Jordan P. Balencic.
The second point to note is that the debt is redeemable to common equity at $0.01 per share which equates to a premium of approximately 2,400% above the current market price at such time of the PR. This means that something must have been shown to the noteholder that made him feel that doing a deal at .01 per share to eliminate the debt was considered still at a discount. This means that the note holder is confident that settling at .01 per share will still bring him a substantial profit based on what he learned to be coming into the company. No way I believe he settles a $2 Million debt for a loss. He believes that if he gives the company a chance to be put on a clear path with no dilution in the way, substantial growth would occur based on what he learned to be coming into the company. The note holder learned something that convinced him that this was a very good way for him to get his $2M back and extra. This is just my opinion.
The third point is that the company is planning to launch a new corporate website, brand identity, and formal communications policy along with publishing a strategic business plan that includes specific uplisting milestones. These are very major steps that were taken to clean up BFCH very well. I don't believe you go through all of this for something that is believed to be small to be coming into the company. In my opinion, I believe the recently appointed CEO, Dr. Jordan P. Balencic, has a serious plan of growth that will be revealed.