Holiday Island Holdings, Inc. Announces Converting $1 Million of Debt to Equity
HOLIDAY ISLAND, AR / ACCESSWIRE / May 12, 2021 / Holiday Island Holdings, Inc. (OTC PINK:HIHI), operating in the recreational and remote living real estate market in the geographic markets of Texas, Arkansas, Oklahoma, Missouri, and Louisiana, announced today that the Company is in the process of exchanging
The Company also recently received verbal approval from its other major Convertible Note Holder to move its debt into Preferred Stock, estimated at
The Company's Securities Attorney is preparing the documents, creating a new Class A Preferred Stock to accommodate the debt-to-equity transactions. The re-class ratio will be 1:100,000 Common to Preferred Stock.
S. Gene Thompson, CEO and Director said: "This is a huge development for the Company and its Shareholders, as it decreases Convertible Debt and increasing Shareholder Equity in the total estimated amount of approximately
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HIHI Contact:
Gene Thompson, CEO & Chairman
Phone: (479) 244-6047
Email: sgenethompson@gmail.com
Website: www.holidayislandholdings.com
SOURCE: Holiday Island Holdings, Inc.
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