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Home 🌿 Marijuana Business News 🌿 Player's Network Announces Nearly $500,000 in Convertible Notes Have Been Retired 🌿Player's Network Announces Nearly $500,000 in Convertible Notes Have Been Retired
LAS VEGAS, NV / ACCESSWIRE / JUNE 30, 2015 /Player's Network, Inc. (OTC: PNTV), a vertically integrated, diversified, fully reporting public company operating two complimentary portfolios of Media and Cultivation, Production & Licensing of products relating to Medical Marijuana, announced today that the company has reduced its debt and paid off; KBM / Asher $200,400, Typenex $104,000, LG Capital $50,000. Other positions reduced include WCH $60,000, Group 10 $30,000, Tangiers $47,000, for a total of $491,000. This was accomplished by the payment of $146,400 cash and the balance through conversions over the last 3 months.
C.E.O. of Player's Network, Mark Bradley noted, "Entering into convertible debt agreements with lenders was necessary to obtain capital that advanced the operations of the Company. Many of these lenders have become great partners believing in our plan and the long-term growth of the Company. Unfortunately, some lenders dramatically misrepresented their intention in order to...
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