Pazoo Inc (OTCMKTS:PZOO), health and wellness social community at developing stage continued to receive appreciation from the investor fraternity over its steps to eliminate share dilutive holdings. The company kept its promise of repaying the debt ahead of the schedule in order to avert the possibilities of potential share dilutions. In its latest press note, the company said that it has done away with the debt obligations of Eastmore Capital LLC, a week ahead of the deadline.
The repayment to Eastmore LLC comes over and above the company’s similar repayment to Union Capital LLC last week. Reportedly, Pazoo Inc (OTCMKTS:PZOO) has eliminated the outstanding Convertible Promissory Notes held by both the creditors so as to free itself from the worries of share dilution at discounted prices. The company has understood that share dilution leaves a big dent on penny stock companies like it in the long-run, which is a desirable feature of a promising company.
Growth and expansion
Following the settlement of debt, Pazoo Inc (OTCMKTS:PZOO) has firmly asserted that it will pursue plans of aggressive growth and expansion. The company stated that it will need to raise finance in the near future so as to embark on its planned expansion goals. At the same time, Pazoo Inc (OTCMKTS:PZOO) assured its investors that it will dedicate its efforts towards preserving and enhancing shareholders’ value. As a result of the debt settlement, PAzoo is confident that its stock valuations will only travel northward. It also envisions sound fundamental valuation growth propelled by organic growth, acquisitions and tapping new opportunities.
Other than this, the company has also slashed its overheads to the possible extent so as to help direct every penny of the fund raised towards growth and expansion. The stock of Pazoo Inc (OTCMKTS:PZOO) closed 1.39% higher at $0.0146, a day earlier. The average volume of Pazoo stood at 26 million on the day.