Pazoo Inc (OTCMKTS:PZOO) is gradually emerging as one penny stock company, which knows the value of its words. The company’s responsible actions are depicted through its most recent press release, where it informed about the repayment of its obligations to Eastmore Capital LLC. The company has not only successfully repaid the debt but has done it a week ahead of the scheduled deadline.
Repayment of debt
Earlier last week, Pazoo Inc (OTCMKTS:PZOO) had repaid the debt on its Convertible Promissory Notes to Union Capital LLC. By doing this, the company is essentially conveying a message to its stakeholders that it is keeping its words. Secondly, by repaying the debt held in the form of Convertible Notes by its creditors, the company is averting the situation of these Notes converting into freely traded shares and leading to dilution.
Pazoo Inc (OTCMKTS:PZOO) reiterated its aggressive expansion and growth plans in its press note. It said that the company might need to raise funds in order to undertake such growth plans. The company reassured its stakeholders that its actions will be directed towards preserving the shareholders’ value. As a result of the company’s prompt action in settling its debt, it sees its stock valuations to grow stronger led by robust fundamental valuations through potential acquisitions, organic growth, new probabilities and current site revenues.
Meanwhile, Pazoo Inc (OTCMKTS:PZOO)’s CEO David Cunic stated that the company has trimmed down its overhead to the lowest possible mark. In this way, the company wants to ensure that every dollar is spent on solely expansion and growth of the company and its holding companies and is not wasted in paying for overheads. He added that the company is looking at growth accretive opportunities and will deliver the same.
The impact of the press release was not seen by investors as the stock of Pazoo Inc (OTCMKTS:PZOO) fell by 10% to $0.0144. An average of 24 million shares traded during the last session.