Business
Poverty Dignified, Inc. Buys Back Six Convertible Notes
Poverty Dignified, Inc. Buys Back Six Convertible Notes.
About this update from Virexit Technologies Inc.
[{"type":"text","content":"HURST, TX – July 6, 2018 – Poverty Dignified, Inc. (OTCQB: PVDG) (“Poverty Dignified” or the “Company”), a renewable energy company, incubating solar technologies to establish electrification, education, connectivity and media distribution infrastructures in rural communities across the globe to empower the individual, community and local economy, today announced the strategic buyout of six convertible notes.As part of the Company’s continued efforts to restructure and recapitalize, management aggressively moved to buy back six convertible notes totaling $389,660.39. (1) Morningview Financial, LLC: $80,586.30, (2) EMA Financial, LLC: $87,277.15, (3) Power Up Lending Group, LTD: $70,955.84, (4) Crown Bridge Partners, LLC: $62,841.10, (5) Auctus Fund, LLC: $60,000 and (6) Peak One Opportunity Fund, LP: $28,000. Management believes the initial decision to leverage the bridge capital from these convertible notes to fortify the Company’s base and market its reputation as a valid Renewable Energy Company to multiple global markets, was a necessary step in the right direction. Management further contends that the timely ability to harness the needed momentum made possible through these notes, continues to allow the Company to push through and grasp opportunities that are critical to retaining its competitive advantage.Safe Harbor StatementThe statements contained in this corporate presentation include forward-looking statements within the meaning of Section27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, including, without limitation, statements regarding management’s expectations, hopes, beliefs, intentions or strategies regarding the future. The words believe, may, will, estimate, continue, anticipate, intend, expect, plan and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this corporate presentation are based on our current experience, expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (...