Peak Positioning Technologies Inc. (
CSE: PKK,
OTCQB: PKKFF,
Forum) today announced its third quarter operating results for the period ending September 30, 2016. Revenues of $25,887,092 compared with zero revenues for the same period last year.
Highlights include elimination of $100,000 of debt through the issuance of shares as a result of debenture conversion, $90,025 of cash inflow as a result of the exercise of common share purchase warrants, and purchase order commitments worth over $600 million through the end of 2017. Further information can be found
here.
Peak Positioning was recently in the news when it announced settling
the first Gold River orders its fintech platform.
The Company has 415 million shares outstanding and a market cap of $29 million.
FULL DISCLOSURE: Peak Positioning Technologies Inc. is a paid client of Stockhouse Publishing.