Verde Bio Holdings Inc (OTCMKTS:VBHI) outstanding debt is now a matter of the past after the company paid off. The company’s new management had done a great job since its entry back in 2019. Its drive has been to clean up everything, ranging from clearing term loans, convertible debt and much more.
Debt settlement
According to the company’s management, the settlement of the various debts is a step in the right direction. For example, it bars conversions into common stock. The company reveals the biggest note holder of Verde has expressed its satisfaction in the way it has handled everything. It is a fresh start for the company considering the release of all the claims against it.
Verde CEO Scott Cox says that the company will continue to boost its revenues and enhance its business portfolio. He says that they will continue focusing on winning over top-quality assets and staying at the top of their game.
Cox applauds the company’s move
The official seems impressed about the debt settlement, saying that it paves the way for the company to continue focusing on value creation and business growth. He also aspires to push the company in a direction that will enable it to achieve financial flexibility. He applauds the company for its brilliant move to continue with a strong balance sheet free from debts. He projects that the company will reach significant growth over the coming few months.
Cox anticipates improved cash flows and significant increases in shareholder value. He thanks all the professionals, shareholders, and investors for their patience and trust in the company’s undertakings to become better. He asks them to recognize that growing pains could cause much discomfort, but what matters is staying focused.
Verde Bio Holdings has also bought revenue-producing, undervalued properties. The company informed its shareholders through a letter that it was staring at a plethora of acquisition opportunities and taking up the best deals.
Cox also spoke out about the addition of oil production to their portfolio, which follows its recent Permian basin acquisition. The official exudes great confidence in all the deals the company has been striking lately.
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