Xtraction Services Holding Corp. (CSE: XS, OTCQB: XSHLF, Forum) announced on Tuesday that during this COVID-19 coronavirus pandemic spread, the Company has taken on added measures to stabilize its business. With $2.2 million cash on hand, $1.3 million of marketable securities and a portfolio of revenue-generating leases, the Company continues to implement cash conservation initiatives, while management, staff and external consultants have agreed to voluntarily accept 30% of their compensation in the form of stock options for Q2 2020.
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The specialty finance Company was in the news recently when it had been approved for the book-entry delivery and depository services of Depository Trust Company (DTC) to facilitate electronic settlement of transfers of its shares in the United States.
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