Shares on a Tear as Firm Eliminates Convertible Debt

By: Dylan Sikes – AllPennyStocks.com News

Monday, April 18, 2022

This company—ranked as one of the top 10 real-world blockchain firms—is moving ahead on its business strategy and strengthened its financial position by paying off its convertible debt and has reduced the diluted share count by about 400 million shares.

The parent company of Belfrics Global and Cognitive Apps Software Solutions, Life Clips, Inc. (OTC Pink: LCLP) has eliminated all of its nearly $4 million in outstanding convertible debt by paying the outstanding amounts in its native crypto coin Belrium (BEL), per the company’s press release.

Marketing itself as the world’s markets KYC compliant blockchain solution, Belfrics Global is a Malaysian based blockchain provider and cryptocurrency exchange and platform, licensed and regulated in Malaysia. The firm boasts 10 operational offices in 8 countries, and a multi-feature trading platform that offers digital assets, cryptocurrencies, and crypto derivative contracts to its clients.

Shares of the firm were up over 80 percent in mid morning trade.

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