Everything Blockchain CEO offers $300K credit line; major holder cancels 3.5M shares

Published 2 weeks ago Positive
Everything Blockchain CEO offers $300K credit line; major holder cancels 3.5M shares
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* Everything Blockchain (OTCPK:EBZT [https://seekingalpha.com/symbol/EBZT]) on Tuesday announced [https://seekingalpha.com/pr/20272827-everything-blockchain-otc-ebzt-ceo-backs-company-with-proposed-300k-personal-credit-line] two major initiatives to strengthen the company and accelerate the launch of its flagship platform, CloverMint.
* CEO of Everything Blockchain (OTCPK:EBZT [https://seekingalpha.com/symbol/EBZT]), Arthur Rozenberg, has offered a personal line of credit of up to $300,000 to the company, providing immediate, non-dilutive capital to support operations and advance product development.
* In addition, a major shareholder has voluntarily canceled approximately 11% of the company’s outstanding shares, reducing the total share count and increasing ownership value for existing investors.
* Following this cancellation, Everything Blockchain will have approximately 26 million shares outstanding, a reduction of about 6.5 million shares since the beginning of the year.

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