ParagonX Holdings, Inc. Transformational Plan Update
CAVU RESOURCES INC (CAVR)
Company Research
Source: PR Newswire
BUFFALO, N.Y., Feb. 14, 2024 /PRNewswire/ -- ParagonX Holdings, Inc. (OTC: CAVR) – Caprino Management, LLC provided the following update to shareholders on its transformation of the company:Caprino Management, LLC continues to manage the company's transformation and is evaluating three major acquisition opportunities.The company announced that its subsidiary HRS has secured $18 Million in new contracts contingent upon closing on additional capital.The company is negotiating with multiple interested lenders to provide this capital.The company announced that AVRover and HRS have now reached profitability.The company reduced its debt by over $5 million since August 2023.The company reduced its total outstanding share obligations by 21% (605 million shares).475 million common share obligations eliminated. 4.75 million Preferred B Shares returned to treasury.Each preferred B Share is convertible into 100 common shares.200 million common shares were rescinded in July 2023.EROP, Inc. redeem
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