PSYC Begins Business Overhaul Process with Consolidation of 10 Previously Issued Convertible Debentures
PSYC Begins Business
Overhaul Process with Consolidation of 10 Previously Issued
Convertible Debentures
LAS VEGAS, NV -- March 13, 2024 -- InvestorsHub NewsWire -- PSYC
Corporation (OTCPink:
PSYC) (“PSYC” or the “Company”), announces the consolidation of
10 previously issued convertible debentures (“the Debentures”). The
Debentures were executed between the Company and its long-standing
investment partner, RB Capital Partners, Inc. (“RB Capital”), and
were originally issued between January 2023 and October 2023.
The consolidated note provides for a reduction in interest rate
from its original 10% to 8% and is set at a 24-month term.
Furthermore, the share price conversion rate on this newly executed
consolidated note is set at a rate of $0.05.]
RB Capital is the Company’s largest Debenture holder, and the
Company sees this consolidation as a demonstration of their
continued faith and commitment to the Company’s long-term growth
potential.
Moreover, the Company believes this commitment comes at a
pivotal juncture as it prepares for a sweeping, yet strategic,
shift in management and to a new business model that incoming
management perceives as being more fundamentally structured from a
cash flow perspective, and one that it hopes will reinvigorate
shareholder confidence and value potential in PSYC.
In the days ahead, the Company anticipates the release of
detailed information pertaining to its new incoming management
team. Information will also be provided surrounding the Company’s
transition in core business operations that it contends will be
focused on the online gaming market sector.
About PSYC Corporation (OTC Pink Market: PSYC)
Since early 2020, PSYC Corporation (the “Company” or “PSYC”) has
operated as a forward-thinking multimedia leader for progressive
and emerging market sectors such as medicinal psychedelics and
cannabis.
The Company remains committed to identifying cutting-edge,
value-driven, technologies and market sectors for the benefit of
its shareholders.
Currently, the Company is meticulously exploring the viability
of various business opportunities outside of multimedia and with a
particular focus on opportunities that it believes will drive
shareholder value.
Forward-Looking Statements Disclaimer Applicable to this Press
Release and the Company’s Video:
No information contained in this Press Release or the Company’s
video should be construed in any way whatsoever as an offer to sell
or buy the Company’s securities.
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. In some cases, you can identify forward-looking statements
by the following words: "anticipate," "believe," "continue,"
"could," "estimate," "expect," "intend," "may," "ongoing," "plan,"
"potential," "predict," "project," "should," "will," "would," or
the negative of these terms or other comparable terminology,
although not all forward-looking statements contain these words.
Forward-looking statements are not a guarantee of future
performance or results and will not necessarily be accurate
indications of the times at, or by, which such performance or
results will be achieved. Forward-looking statements are based on
information available at the time the statements are made and
involve known and unknown risks, uncertainty and other factors that
may cause our results, levels of activity, performance or
achievements to be materially different from the information
expressed or implied by the forward-looking statements in this
press release. This press release should be considered in light of
all filings of the Company that are disclosed on the OTC
Markets.com website and is not incorporated by reference into such
reports. No information contained in this press release should be
construed as any indication whatsoever of the Company’s future,
revenues, results of operations or stock price.
Disclaimer: PSYC Corporation does not in any way encourage or
condone the use, purchase, sale or transfer of any illegal
substances, nor do we encourage or condone partaking in any
unlawful activities. We support a harm reduction approach for the
purpose of education and promoting individual and public safety. If
you are choosing to use psychedelic substances, do so under medical
supervision and act responsibly.
Corporate Contact:
PSYC Corporation (PSYC)
www.psyccorporation.com
(702) 239-1919
info@psyccorporation.com
OTC PINK MARKET: PSYC
PSYC (PK) (USOTC:PSYC)
과거 데이터 주식 차트
부터 10월(10) 2024 으로 11월(11) 2024
PSYC (PK) (USOTC:PSYC)
과거 데이터 주식 차트
부터 11월(11) 2023 으로 11월(11) 2024
