iSIGN Releases its Exclusive New Emergency, Security and Medical Safety Award Winning Technology, HALO and HALOfx Networked Systems
Several shareholders have asked what affect the shares for debt transactions, once approved by the TSX-Venture Exchange, will have on our books.
The result would be to move approximately $1.091 million from liabilities into equity. Once approved, this will result in a reduction of the debt to our main creditor group, which includes Joe Kozar, a major shareholder in iSIGN, by approximately 33%.
We look forward to continued support from our shareholders and creditors as we move forward to the attaining of revenues from our enhanced existing and new technologies.