other material
confidence high
sentiment positive
materiality 0.75
Bubblr reduces debt by $1.67M via debt conversion and salary/director fee waivers; salaries cut 63%
Bubblr Inc.
- CTO Steve Morris converted $821,432 in promissory notes into 2,489,186 shares at $0.33/share.
- Officers and director waived $843,700 in accrued salaries/fees, reducing total debt by $1.67M.
- CEO salary cut from $600K to $240K; CFO $450K to $180K; CTO $360K to $90K; director fees $300K to $120K.
- Press release announces upcoming AI Seek v6 with marketing capabilities and free access period.