Breaking
#Sports/ #eSports #Stock News - Sports Venues of Florida (OTCMKTS: $BTHR) announces
it has satisfied all outstanding StarCity Capital, LLC, convertible notes
saving Billions of Shares of dilution; @sportsvenuesfl
TAMPA, FL, June 15, 2020 (Investorideas.com newswire) – Breaking Sports/e-sports news - Today, Sports Venues of Florida, Inc., (OTCMKTS: BTHR) an emerging leader in the eSports, youth sports and family
sports entertainment markets, announces it has retired all convertible notes
issued to StarCity Capital, LLC. The original notes were issued on January 16,
2013, March 5, 2013, March 28, 2013, April 29, 2013, June 6, 2013 and July 1,
2013.
Read this news featuring BTHR in full at https://www.investorideas.com/news/2020/sports/06151OTCBTHR-StarCityCapital.asp
With principal, interest, both default and
non-default, the total paid to successfully retire all outstanding notes was $197,070.
The final installment of $32,070 was paid Friday, June 12, 2020. All StarCity
Notes were issued when the Company operated as Big Three Restaurants. None of
these notes were related to the Company’s current operations.
John V. Whitman Jr., the
Company’s Chairman and CEO, said, “First and foremost, I want to thank StarCity
Capital, LLC., and it’s 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 StarCity 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 US and world financial markets.”
About BTHR
Sports Venues of Florida, Inc., is a developmental stage company
engaged in the business of eSports, and the development of youth sports and
family entertainment complexes. The Company, through its wholly owned
subsidiary, Shadow Gaming, Inc., has aggressively entered the eSports market.
The Company has placed on hold its plans to build sports complexes ranging from
80-acres to 300-acres that will include both outdoor and indoor athletic
competitions. In addition, the Company plans on operating a number of
subsidiary companies from high tech data management businesses to product and
support businesses.
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respect to the future earnings and performance or capital structure of Sports
Venues of Florida, Inc.
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