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PSYC Corporation Discusses Consolidation of Notes with RB Capital Partners on The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - July 27, 2022) - The Stock Day Podcast welcomed PSYC Corpo...
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[{"type":"text","content":"PSYC Corporation Discusses Consolidation of Notes with RB Capital Partners on The Stock Day PodcastPhoenix, Arizona--(Newsfile Corp. - July 27, 2022) - The Stock Day Podcast welcomed PSYC Corporation (OTC Pink: PSYC) (\"the Company\"), a company integrating media, creativity, and technology to develop and deploy thought-provoking ideas and solutions that are fostering and transforming the approach to some of society's most pressing matters. CEO of the Company, David Flores, joined Stock Day host Sever Copley. Copley began the interview by asking about the Company's achievement over the past two years with Flores as CEO. \"When reflecting on the last two years here, the thing that really stands out to me is the fact that we've been able to really follow through with a couple of very important objectives that we laid out for ourselves,\" shared Flores. \"One of which was to develop Psychedelic Spotlight into a formidable leader in the psychedelic space for news and information,\" he continued. \"We are now seeing more than one million page views to the website each month.\"\"This has allowed us to establish a foundation where we can now start to expand and grow with the audience and the following that we have, as well as the presence it has helped us establish in the psychedelic space,\" said Flores. \"We are also now looking at ways to diversify, and that may include diversifying outside of the psychedelic sector,\" added Flores, noting that the Company hopes to expand into the cannabis and holistic living space. Copley then commented on a recent announcement detailing the Company's consolidation of 49 debentures with RB Capital Partners. \"Debt has been an issue of concern,\" said Flores. \"RB Capital continues to remain committed to the vision and long term potential of PSYC, as well as the potential of the psychedelic sector,\" he said. \"We have consolidated the 49 debentures into one larger note,\" explained Flores. \"We were able to lower the interest rate from 10% to 7%, and we also worked in a fixed conversion rate of five cents.\"\"Where does the Company stand on the potential of a reverse split?,\" asked Copley. \"We are in a time right now where we are building a new shareholder base, and we are doing it organically,\" said Flores. \"We understand the repercussions that could come with a reverse split,\" he added. \"At...