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.
