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ZenaTech Inc T.ZENA


Primary Symbol: ZENA

ZenaTech, Inc. is a Canada-based technology company specializing in artificial intelligence (AI) drone solutions and enterprise SaaS solutions for mission-critical business applications. Its solutions include Drone Technology Solutions and Enterprise Software Solutions. Its drone technology solutions include ZenaDrone 1000 and ZenaDrone IQ. The ZenaDrone 1000 is a drone that combines software technology and custom hardware components, catering to diverse industries. The ZenaDrone IQ series is designed for indoor hovering with autonomous inspection and monitoring capabilities. Its ZenaDrone solutions are used for agriculture, defense, and logistics applications. Its enterprise software solutions are TillerStack, SystemView, WorkAware, PsPortals, Pace +, and ZigVoice. Its Enterprise Software solutions are used by customers in government, law enforcement, health, telecom and industrial sectors for a variety of compliance, safety, field service, and records management applications.


NDAQ:ZENA - Post by User

Comment by Updownsidewayson Aug 21, 2019 7:56pm
95 Views
Post# 30052886

RE:RE:RE:RE:RE:ZENA was late to the trough...

RE:RE:RE:RE:RE:ZENA was late to the trough... The company will most likely find traditional financing from the big banks before all this debt is due, and ZENA can start paying it off starting October. So I’m confident they will be shopping at the banks for a more favorible debt deal. 

The high interest rate and strutting fee was probably necessary in lue of more warrants and dilution. So as long as they can swap this debt for cheaper debt sometime soon, then overal this is a good deal, saving excess dilution. It also bought the company more time to pay off the debt, pushing it to June instead of this October. 

I feel the company is doing the best they can given the current market conditions, which are less then ideal right now.


sotypical wrote: interest alone on the 50 million at 14% is $584000  PER MONTH 


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