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VAPE HLDGS INC COM USD0.00001 (OTCMKTS:VAPE) is doing everything possible to retain control of its debt restructuring program. The company’s efforts is evident by its active accomplishments in debt restructuring process.

Progress intact

The company notified its shareholders that it has now entered into third round of its debt restructuring and consolidation process, involving $1,000,000 of the company’s debt. Vape shared that it had entered into a deal agreeing to buy and restructure $338,500 worth of convertible debt, held by two of its note holders.

The company had already closed debt amounting $119,806 in mid-March, belonging to JSJ Investments, Inc. While taking into account the total restructured debt, Vape has successfully closed or repaid nearly $779,000 of the previously issued debt. The company has now consolidated all of its debt to a single financing partner.

Debt issues will be resolved

Following this achievement, the company’s CEO, Justin Braune, reassured the shareholders that they will be able to put the debt issues behind if the company executed the plan systematically. He added that nearly 80% of the company’s convertible debt has been restructured and consolidated into its new financing partners. Braune took pride in stating that the company has been able to accomplish most of what it had promised to shareholders in 2015.

Braune did add that the execution of debt restructuring plan will give the company room to concentrate on boosting its core business, which includes Revival and Hive Ceramics. Moreover, the company is already in the final stages of developing its CBD line of products.

Apart from this, the growth prospects for Vape remain solid given the frenzy in marijuana based stocks. Several polls have indicated that as many as 14 states could legalize pot, either through ballot or state legislation. In any case, the ultimate winner be marijuana based stocks including Vape.

The stock of the company rose by as much as 30% to $0.0130 during the previous trading session.

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Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

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