OTCQB:VVCIF - Post by User
Comment by
Schaffhausenon Sep 16, 2020 5:31pm
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Post# 31571600
RE:Vivo Cannabis Reduces Outstanding Debentures From $27.1 Mill
RE:Vivo Cannabis Reduces Outstanding Debentures From $27.1 Mill
Roughly speaking, VIVO repays 14M (10.5+3.5) debt from cash reserves this year and issues approx 32 million shares in lieu of cash payment of 6.6M. Another 18 million warrants are issued at .267 up to Feb 2022. The remaining 6.6M debt is pushed out to Sept 2022 at 6% interest OR can be converted to approx 25M shares. IMO, the blatant manipulation of the shareprice should now cease since the interests of the "way out of the money" lenders has been satisfied. Cheers, Schaff