SMC Entertainment exchanges $516K of convertible debt for 55,000 Series D Preferred Shares

Fyntechnical Innovations Inc

Retired $516,004 of debt ($313,323 and $202,681 notes) by issuing 55,000 Series D Preferred Shares.
Preferred Shares convert at lesser of $0.005 or 65% of 90-day avg closing price; conversion after 2 years, max 4.99%.
Since June 14, total debt retired/exchanged is $1,395,763; also cancelled 250M common shares since June 7.
CEO cites enhanced balance sheet and stock undervaluation, referencing pending ChainTrade Ltd. asset purchase.

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