HPIL Holding (HPIL) Announces it has secured a Ten Million Dollar Credit Line
HPIL Holding (OTC: HPIL) has secured a $10,000,000 equity credit line with Auctus Fund LLC, demonstrating strong support for its future projects.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
HPIL Holding (OTC: HPIL) has secured a $10,000,000 equity credit line with Auctus Fund LLC, demonstrating strong support for its future projects. CEO Stephen Brown expressed confidence in Auctus's long-term commitment, which aligns with the company's vision to advance multiple initiatives, including the ZIPPA project, expected to enter trial runs in approximately three weeks. This funding could enhance HPIL's market positioning amid ongoing developments.
Positive
- Secured a $10,000,000 equity credit line with Auctus Fund LLC.
- CEO expressed strong confidence in Auctus's long-term support.
- ZIPPA project is progressing well with a trial run expected in three weeks.
Negative
- None.
Details
News Market Reaction – HPIL
The recorded move for HPIL in the trading session of this news was +4.88%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, BC, Oct. 5, 2021 /PRNewswire/ -- HPIL Holding (the "Company") (OTC: HPIL) is pleased to announce that it has signed and secured a Ten Million (
"After many long discussions with the Auctus team I feel very comfortable that they are in this for the long term and have committed their support in helping us to build HPIL and its many exciting projects/divisions," said Stephen Brown, Chairman/CEO.
"I would also like to give an update on the ZIPPA project that is coming along very well and expect to be presenting a trial run within the next 3 weeks, along with other World Gaming projects," said Stephen Brown CEO.
Safe Harbor: This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The "Act"). In particular, when used in the preceding discussion, the words "pleased," "plan," "confident that," "believe," "expect," or "intend to," and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbor created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, general acceptance of the Company's products and technologies, competitive factors, the ability to successfully complete additional financings and other risks described in the Company's SEC reports and filing.
For more information:
HPIL Holding
1720 650 West Georgia St
Vancouver, BC V6B 4N8
Contact: Stephen Brown, CEO
info@hpilholding.ca
Phone: +1 778-819-1956
www.hpilholding.ca
View original content:https://www.prnewswire.com/news-releases/hpil-holding-hpil-announces-it-has-secured-a-ten-million-dollar-credit-line-301393124.html
SOURCE HPIL Holding
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