ORLANDO, Fla., June 09, 2020 (GLOBE NEWSWIRE) -- Over the past months we’ve had an opportunity to cover Digital Asset Monetary Network, Inc. or DigitalAMN (OTCMKTS: DATI); established to assist companies (public or private) navigate the complexities of being a startup or development stage company while providing everyday people access to early investment opportunities. As a Public Accelerator-Incubator (“PAI”), DigitalAMN has a simple model: accelerate an emergent company’s access to capital fast and efficiently, help develop and execute the company’s business plan and add its stake in that company to its portfolio.
Leaner and meaner, you could say.
Just last week the Company announced that it has completed the restructuring of its contractor obligations, further reducing the Company’s cap table by just over 3,000,000 common shares and eliminating a little over $550k from its cash payable liabilities.
Assuredly, a debt restructuring isn’t the bold headline of a cure for cancer or some new bitcoin spin-off. And while those zippy headlines get the market juices flowing, stakeholders quickly find that excitement becomes a wave of bad debt and dilution, drowning so many companies without neither an epitaph nor tombstone.
A quote from the Company CEO affirms a commitment to the cap table. Take a look:
“We are looking to use every single tool at our disposal to strengthen shareholder confidence and value,” stated Ajene Watson, CEO of DigitalAMN. “Since 2017 we have worked diligently to streamline the cap table and now in 2020, we’re beginning to address payables, liabilities and other debt. I am pleased to find that our contractors, much like with a large shareholder previously, felt encouraged enough to offer DigitalAMN a vote of confidence through this stock and debt restructuring.”
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About Digital Asset Monetary Network
Digital Asset Monetary Network, Inc. (OTCMKTS: DATI) is the first company to utilize the Public Accelerator-Incubator (PAI) model, with the intent to follow the global success of accelerators and incubators around the world, adding niche opportunities to both the microcap and startup communities. As a PAI, Digital Asset Monetary Network will develop and acquire innovations that solve problems through digital platforms and other electronic applications.
To learn more about DigitalAMN, visit their site at https://digitalamn.com/
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The Emerging Markets Report is owned and operated by Emerging Markets Consulting (EMC), a syndicate of investor relations consultants representing years of experience. Our network consists of stock brokers, investment bankers, fund managers, and institutions that actively seek opportunities in the micro and small-cap equity markets.
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