GREY:WEIIF - Post by User
Post by
flyingdjon Apr 26, 2018 7:57pm
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Post# 27947671
This is big development!! DEBT FREE AND $1.9M in CASH!!
This is big development!! DEBT FREE AND $1.9M in CASH!! https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aPMA-2598465&symbol=PMA®ion=C
- During the year, the company completed settlement agreements with all of its unsecured creditors.
- As at April 25, 2018, the company's cash balance is $1.9-million, and the company holds 2,658,705 Sound Energy ordinary shares.
- In December, 2017, Guangxi SA converted the $2.82-million principal amount owing under the Series 1, 10 per cent secured convertible redeemable debenture into ordinary shares of the company at a conversion price equal of six cents per share, with 47 million common shares being issued to Guangxi.
We are trading below 5 cent book value at the moment and for the first time in a LONG time, DEBT Free, we are going nowhere but up now. Cheers everyone.