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Bullboard - Stock Discussion Forum Carbeeza Inc Com V.HIT

Hit Technologies Inc develops, manufactures, and sells accessories for mobile devices for iPhones in Canada, the United States, and internationally. The firm is engaged in designing, manufacturing, and distribution of the company's suite of HITCASE products, professional lens and mounting systems for iPhone. Its product portfolio includes Hitcase PRO, a rugged, waterproof, and mountable case... see more

TSXV:HIT - Post Discussion

Carbeeza Inc Com > They do not have money....................
View:
Post by stepbystep on Jun 30, 2018 5:06pm

They do not have money....................

-They do not have money always the same story ...

 

Hit Technologies to issue 3.03 million shares for debt

 

2018-06-29 19:24 ET - News Release

 

Mr. Brooks Bergreen reports

HIT TECHNOLOGIES ANNOUNCES PROPOSED SHARES FOR DEBT TRANSACTION

Hit Technologies Inc. intends to settle an aggregate of $151,636.75 of indebtedness owed to certain arm's-length and non-arm's-length creditors through the issuance of an aggregate of 3,032,735 common shares at a deemed issuance price of five cents per common share, of which 600,000 common shares will be issued to a non-arm's-length creditor.

All common shares issued to settle the debt will be subject to a hold period of four months and one day from the date of issuance. The transaction is subject to TSX Venture Exchange approval. Completion of the transaction will allow the company to significantly improve its current working capital deficiency position.

We seek Safe Harbor.

© 2018 Canjex Publishing Ltd. All rights reserved.

Comment by NiTingBuDongMa on Jun 30, 2018 11:42pm
And yet those owed money to will take shares in exchange; hmmm, sems to show some confidence in the company's direction, no? Here's an example for you, as always to give one some perspective. Two people owe you money and both are tied up in restoring an old classic '67 Camaro, to the tilts. Now, one guy has all the parts (near most) in his garage and works on the project constantly ...more