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ReelTime Rentals Inc.: ReelTime Begins Massive Debt Restructuring Initiative to Dramatically Reduce Potential Dilution and Debt in Preparation of Completing NASDAQ Listing Requirements


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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: ....

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