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Pazoo, Inc, Along With Committed Financial Partner,
Pays Off And Consolidates 5 Convertible Notes
Eliminating Those Note Holders From Selling Against Each Other
Florham Park, N.J., June 2, 2016 /PRNewswire/ -- Pazoo, Inc. (OTC Pinks: PZOO) is extremely pleased to announce that with the help of a financial partner the Company has paid off and consolidated five convertible notes into one investor’s hands. This now eliminates these five different convertible note holders from competing against each other to convert and sell shares into the open market.
It was apparent that each of these convertible note holders felt the need that following conversion they needed to rush to sell shares because there were numerous other convertible note holders’ simultaneously converting and selling stock. In essence, it was a competition by these particular note holders to sell before the other note holders and drove the price down. With the sales and new consolidation now complete, there should be a much more orderly market in the trading of Pazoo, Inc. It is our assertion that this should immediately lead to better shareholder valuations as the overall company’s revenues continue to grow and expand over the remainder of 2016 and beyond.
Pazoo CEO David Cunic stated, “It is a major relief to have these particular notes consolidated. We are very fortunate to have the relationship that we do with this one committed financial partner. While it was very distressing to see market valuations getting obliterated, I am now very excited at the prospects of building fundamental value through our expanding operations and seeing that fundamental value now translate into increased shareholder value.”
Safe Harbor Statement:
This update includes forward-looking statements. These forward-looking statements generally can be identified by phrases such as Pazoo, Inc. or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements herein that describe the Company's business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statement.
SOURCE Pazoo, Inc.
For Investor Relations:
Phone: 973-884-0136
Email: [email protected]
SOURCE Pazoo, Inc.
Release Date: June 2, 2016
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