FINANCIAL CONSULTANT APPROVED - CLARIFY: NO CONVERTIBLE DEBT
CORPORATE PROGRESS
FRUITLAND, ID / ACCESSWIRE / September 27, 2019 / XTRA BITCOIN INC (OTC PINK:TCEL)
XTRA's Board has approved adding a new team member to assist in raising expansion capital. Management is working to bring all filings current and improve the financial condition of the company. Among the accomplishments to date are agreements to reduce interest rate on all outstanding debt and the elimination of all convertible debt to protect against dilution of shareholder value.
XTRA hopes to finalize consultant's contract next week. XTRA believes his connections and expertise will help us get the best financing terms that benefit the company and shareholders. Management has been working diligently to bring current all filings and has negotiated for reduced interest rate on outstanding debt and the elimination of all convertible debt note. This has removed dilution risk and strengthens the company's financial position as it pursues expansion financing.
Our discussion may include predictions, estimates or other information that might be considered forward-looking. While these forward-looking statements represent our current judgment on what the future holds, they are subject to risks and uncertainties that could cause actual results to differ materially. You are cautioned not to place undue reliance on these forward-looking statements, which reflect our opinions only as of the date of this presentation. Please keep in mind that we are not obligating ourselves to revise or publicly release the results of any revision to these forward-looking statements in light of new information or future events. You should also review our most recent filings for a more particular discussion of these factors and other risks, particularly under the heading "Risk Factors".
If you would like more information about this topic, please call Paul Knudson at 1-208-707-1008, or email [email protected]. Twitter: @xtrabitcoin
SOURCE: XTRA Bitcoin Inc.