IVOI.OB: Redeems $4.8mil in Convertible Debentures
Aside from the interest outstanding , does this get IVOI clear of Yorkville?
(IVOI was also in part of the 'Tobin Smith connections' in the post replied to)
"iVoice Redeems $4.8 Million in Secured Debenture Notes, Improves Balance
Wednesday May 14, 7:06 am ET
MATAWAN, N.J.--(BUSINESS WIRE)--iVoice, Inc. (OTC Bulletin Board: IVOI - News) announced today that it has redeemed $4,796,510.00 million in Secured Convertible Debenture Notes that were previously issued to Cornell Capital Partners, LP. After repayment, there is currently $1,250,000.00 million plus accrued interest outstanding.
“We believe the redemption eliminates expensive debt that had the potential to be dilutive to shareholders,” said Jerry Mahoney, CEO of iVoice. “The repayment of this debt improves our balance sheet and reduces an overhang in our stock.”"