ReelTime Receives Approval for Substantial Debt Restructuring Initiative to Dramatically Reduce apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
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SEATTLE, WA / ACCESSWIRE / March 10, 2021 / ReelTime VR/ReelTime Media (OTC PINK:RLTR): announced that it has begun an initiative to restructure its debt resulting in a dramatic reduction of potential dilution from convertible notes.
Although currently all convertible notes contain a provision that at no time can the notes be converted that would result in any note holder owning greater than 4.99 percent of the issued and outstanding shares, if all notes were to be converted at face value the number of shares would exceed the authorized amount. The restructuring plan utilizes a combination of paying off certain notes in full and a dramatically re-negotiated conversion price of all notes with an anticipated effect of:
ReelTime Begins Massive Debt Restructuring Initiative to Dramatically Reduce Potential Dilution and Debt in Preparation of Completing NASDAQ Listing Requirements theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.
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SEATTLE, WA / ACCESSWIRRE / March 9, 2021 / ReelTime VR/ReelTime Media (OTC PINK:RLTR) ReelTimes Discount Ad Brokers (DAB), a 15-year-old discount media company that ReelTime acquired effective 1-1-2021 booked approximately $364,702.17 of revenue in February from media placements on TV, Radio, and other media led by clients in the travel and hospitality business.
Discount Ad Brokers focuses on providing clients top tier placements at pricing levels at or below remnant inventory rate structures through a unique inventory acquisition model utilizing a combination of contracted capacity buys, alternate currencies, barter, and aggressive bulk inventory-based contracts with major US media properties.
ReelTime also announces that DABs final January 2021 revenue numbers previously reported as $249,873 from media placements specific to the travel industry were $314,741.71 in total revenues from all sources. These do not include any revenues from the parent Company ReelTime Rentals, In
ReelTime s Gross Revenues From its Discount Ad Brokers top $360,000 in February Continuing to Increase As COVID-19 Restrictions Ease Opening Travel and Hospitality theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.