debt
confidence high
sentiment neutral
materiality 0.50
SMC Entertainment retires $436,884 debt via equity conversion at $0.002/share
Fyntechnical Innovations Inc
- Debt of $436,884 retired through conversion of consulting fees and management accrued earnings.
- $300,374 from non-affiliate debt holder and $136,500 from insiders converted into 68,250,000 restricted shares at $0.002 per share.
- Debt retirement to be reflected in Q3 2024 financial statements.
- Management cites undervaluation and progress on Chaintrade.AI acquisition and Fyniti developments.