Sports Venues of Florida, Inc. Retires All Outstanding StarCity Capital LLC Convertible Notes, Avoiding Dilution And Issuance Of Billions Of Shares
Sports Venues of Florida, Inc. (OTC: BTHR) announced today (June 15, 2020) it has retired all outstanding StarCity Capital LLC Convertible Notes, avoiding dilution and the issuance of billions of shares. On Friday (June 12, 2002) it made the final payment of $32,070 on a total retirement payment of $197,070, inclusive of principal, interest, both default and non-default, on all outstanding notes. Notes were issued when the company operated as Big Three Restaurants. None of these notes were related to the company’s current operations. BTHR is an emerging leader of the youth sports, family sports entertainment and eSports market.
Media companies such as Stock Market Press are reporting on the fast growing eSports market. It keeps readers up to date on company stocks such as Sports Venues of Florida, Inc. (OTC: BTHR), ETFMG Video Game Tech ETF (NYSE: GAMR), Activision Blizzard (NASDAQ: ATVI), Tencent Holdings (OTC: TCEHY), Take-Two Interactive (NASDAQ: TTWO), Electronic Arts (NASDAQ: EA), Huya (NYSE: HUYA), Comcast (NASDAQ: CMCSA) and AT&T (NYSE: T).
Sports Venues of Florida, Inc. (OTC: BTHR) Retires All Outstanding StarCity Capital LLC Convertible Notes, Avoiding Dilution And Issuance Of Billions Of Shares
John V. Whitman, Jr., Chairman and CEO, said, “First and foremost, I want to thank StarCity Capital LLC and its ownership for working with us to reach a settlement agreement that called for the company to make timely payments in lieu of them submitting toxic conversion notices. If StartCity had submitted conversions, given the fragile trading history of BTHR at the time the settlement was reached, it would have required issuance of billions of shares and massive dilution. Additionally, I am certain had this settlement not been reached our stock price would have been sub-penny and remained there. We are working very hard for our shareholders. We are very proud of what we have been able to accomplish during this difficult time in U.S. and world financial markets.” Sports Venues of Florida, Inc. (OTC: BTHR) Retires All Outstanding StarCity Capital LLC Convertible Notes, Avoiding Dilution And Issuance Of Billions Of Shares.
BTHR Is An Emerging Development Company In The Youth Sports, Family Sports Entertainment And eSports Markets.
Sports Venues of Florida, Inc. (OTC: BTHR) is an emerging development company in the youth sports, family sports entertainment and eSports markets. Its wholly owned subsidiary is Shadow Gaming, Inc. The company through its subsidiary has aggressively entered the eSports market. The company plans on developing a number of subsidiary companies demo high tech data management businesses to product and support businesses. Sports Venues of Florida, Inc. (OTC: BTHR) Retires All Outstanding StarCity Capital LLC Convertible Notes, Avoiding Dilution And Issuance Of Billions Of Shares.
Source: Stock Market Press
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