- AustraliaNorth AmericaWorld
Investing News NetworkYour trusted source for investing success
- Lithium Outlook
- Oil and Gas Outlook
- Gold Outlook Report
- Uranium Outlook
- Rare Earths Outlook
- All Outlook Reports
- Top Generative AI Stocks
- Top EV Stocks
- Biggest AI Companies
- Biggest Blockchain Stocks
- Biggest Cryptocurrency-mining Stocks
- Biggest Cybersecurity Companies
- Biggest Robotics Companies
- Biggest Social Media Companies
- Biggest Technology ETFs
- Artificial Intellgience ETFs
- Robotics ETFs
- Canadian Cryptocurrency ETFs
- Artificial Intelligence Outlook
- EV Outlook
- Cleantech Outlook
- Crypto Outlook
- Tech Outlook
- All Market Outlook Reports
- Cannabis Weekly Round-Up
- Top Alzheimer's Treatment Stocks
- Top Biotech Stocks
- Top Plant-based Food Stocks
- Biggest Cannabis Stocks
- Biggest Pharma Stocks
- Longevity Stocks to Watch
- Psychedelics Stocks to Watch
- Top Cobalt Stocks
- Small Biotech ETFs to Watch
- Top Life Science ETFs
- Biggest Pharmaceutical ETFs
- Life Science Outlook
- Biotech Outlook
- Cannabis Outlook
- Pharma Outlook
- Psychedelics Outlook
- All Market Outlook Reports
3DX Industries Inc. Successfully Negotiates Reduction in Debt and Return of Stock to Treasury
3DX Industries (OTCP:DDDX) has announced its CEO, Roger Janssen, has negotiated the return of 3 million shares of 3DX for return to treasury. As quoted in the press release: Earlier this year, the Company issued 5 million shares to settle certain aged debt arising from transactions in fiscal 2013. Subsequently, in order to forward the …
3DX Industries (OTCP:DDDX) has announced its CEO, Roger Janssen, has negotiated the return of 3 million shares of 3DX for return to treasury.
As quoted in the press release:
Earlier this year, the Company issued 5 million shares to settle certain aged debt arising from transactions in fiscal 2013. Subsequently, in order to forward the Company’s directive to bring new growth capital into the business, 3DX CEO Roger Janssen began negotiations with the debtor to reduce the total shares issued for this aged debt. In keeping with the 3DX mandate of limiting shareholder dilution, 3DX CEO Roger Janssen was able to successfully negotiate the return of 3 million shares from the original 5 million issued from this third party debtor and the shares will be returned to treasury.
3DX President and CEO Roger Janssen, commenting on this successful conclusion, stated, “We believe our current share price is highly undervalued and we are working diligently to bring awareness of 3DX to the investment community. Our third party debtors agreed and are returning these shares to assist the Company with its efforts to bring new growth capital. Management will remain diligent in its efforts to secure a financing to expand operations but will not be entering into any type of toxic financing arrangements that would negatively affect the company.”
Management is continuing to work towards updating its financial reporting obligations and expects to file updated reports in the coming weeks to bring the Company fully current on the OTC Markets.
Latest News
Investing News Network websites or approved third-party tools use cookies. Please refer to the cookie policy for collected data, privacy and GDPR compliance. By continuing to browse the site, you agree to our use of cookies.