ARHT Media Inc V.ART

Debenture Extension News Released !!!!

[blinkie]

1 Million New Warrants @ $0.31

Same group that presently holds the Note.

Comments?

[milstogo]

Great News! 

[Kingfredo]

How is this good news? At the end of the day, it's still a loan... but I don't understand the details behind it  

[Dunworkin2]

The best part is that they are extended another year so removes any immediate uncertainty. The holders will receive a little more interest and also a warrant excisable  at 31 cents for agreeing to the extension. All in all, seems like a win win for everyone. Buys Art some time. Dilution of 1.7m more shares, no big deal IMO.

[Kingfredo]

Does anyone know the details/conditions of this loan? How large it is, etc?

[tannin]

Without looking it up Kngfredo, its about 1.7 million U.S., was extended for three months, and now for another 12 months. Small potatoes, but nice to see it handled.

[Whythenot]

If I'm not mistaking. Don't we have $1.2m in cash? And another $1.2 in AR? And $170k in advances and idk $600k in deferred revenues? 

[Synthesizer303]

Probably they need this money as working capital to produce (pre-finance) Holopods and invest into growth, so i'm fine with the move, brings clarity at good conditions and we still have a good amount of cash for being flexible.

[tannin]

Bond deal a win/win. The China news was brilliant. Sunset, I'd buy back. U.S. thanksgiving Thursday; last chance ? at current prices ? I'm sure the holdup in the sp is a function of the huge number of cheap wts...most of which have 2 years (?) to go...expect wt holders to dribble out through the life of the wts. I expect that those interested in owning a piece of this remarkable company

[Whythenot]

 Bruh. Let him go. He's clearly way too smart for all of us.