OTCQB:VVCIF - Post by User
Comment by
skibummon Sep 18, 2020 9:02am
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Post# 31580074
RE:RE:Vivo Cannabis Reduces Outstanding Debentures From $27.1 Mill
RE:RE:Vivo Cannabis Reduces Outstanding Debentures From $27.1 Millagree with you Schaff....terrible that Fishman & Vivo had to basically dilute shareholder value by app 10%...at near lows of .20...with sweetheart deal of 1/2 Warrant attached at .26....but guessing they had no choice. Last sentence in statement say Vivo intends to repay $3.5M principal amount outstanding on its 7% convertible debenture, due 21 December 2020....so hoping the financing/debt obligations are all addressed for the short/medium term...and company can concentrate on the business/product/sales side. Germany news would be good & long overdue but with so many shares outstanding now (nearing 300M), and so many new shares issued at bottom prices around .20.....this stock is going nowhere anytime soon.. Vivo & Fishman need to show the investment community they are an up & commer in the Pot business.....not just an also ran like so many other Cdn LP's....../full position