QualityStocksNewsBreaks – PowerBand Solutions Inc. (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA) Announces Shares for Debt Conversion for CEO
PowerBand Solutions (TSXV: PBX) (OTCQB: PWWBF) (Frankfurt: 1ZVA), an innovative automotive fintech leader providing digital and virtual platform solutions to buy, sell, trade, lease or finance vehicles to consumers, dealers and OEMs, today announced the settlement of debt owed to Kelly Jennings, the CEO of the company. According to the update, PowerBand’s board approved the settlement of an outstanding debt of $1,000,000 owed to the CEO of the company, as of March 31, 2021, through the issuance of 800,000 common shares in the capital of PowerBand, each at a deemed price of $1.25. The closing share price of PBX on…