As previously reported, prior management left the Company with several convertible notes outstanding. Current management is diligently working to erradicate the notes.
Currently, the Company has paid off (1) of the convertible notes and is in discussion with the remaining note holders.
Unfortunately, the largest convertible noteholder dating back to 2016 is refusing to take pre-payment and has elected to convert their balance (including interest) of just under $100,000.
Current management is confident we will resolve the remaining note balances.
As the Company progress', we will continue providing meaningful updates.
In regards to achieving Pink Current with OTC Markets, we are awaiting approval from OTC which we anticipate could come at any time.
About InCapta, Inc.
InCapta, Inc., formerly known as TBC Global News Network, Inc., is a media holding company. The company works with clients to develop, operate, and market online cloud Television/radio networks along with entertainment projects and with wholesale grocers . InCapta, Inc., participates in online business models by providing executive level managerial assistance as well as arranging for clients' online presence through social
media. www.InCapta.com www.BananaBoxWholesaleGrocery.com Forward-Looking Statements
Notice:
This release contains forward-looking statements made pursuant to the safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Forward- looking statements include, but
are not limited to, the Company's views on the expected future trading of its common stock
following the filing of and are generally identified by phrases such as "thinks,"
"anticipates," "believes," "estimates," "expects," "intends," "plans," and similar words. Forward looking statements are not guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statement. These statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry, competition and capital requirements. These and other risks are more fully described in the Company's filings with the Securities and Exchange Commission including the Company's most recently filed Annual Report on Form 10-K
SAFE HARBOR & DISCLAIMER
This information does not constitute an offer to sell or a solicitation of an offer to buy securities or assets of InCapta, Inc. All information presented herein with respect to the existing business and the historical operating results of InCapta, Inc ("the Company") and estimates and projections as to future operations are based on materials prepared by the management of the Company and involve significant elements of subjective judgment and analysis which may or may not be correct. While the information provided herein is believed to be accurate and reliable, the Company makes no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. In furnishing this information, the Company reserves the right to amend or replace some or all of the information herein at any time and undertakes no obligation to provide the recipient with access to any additional information. Nothing contained herein is or should be relied upon as a promise or representation as to the future. No information in this press release should be construed as an indication of our future revenues, results of operations or stock price.