Stemtech Corporation (OTCQB:STEK) Stock On Radar After Debt-to-Equity Conversion, Strengthening Investor Confidence

Stemtech Corporation (OTCQB:STEK) had been established in April 2018 and boasts of a direct sales distribution model. The company had been formed after the acquisition of the operations from Stemtech International Inc, which had been formed in 2005.

Stemtech Corporation Empowers Growth With Debt-to-Equity Conversion, Strengthening Investor Confidence

It should be noted that from 2005 through to 2010, Stemtech International Inc had been included in the Inc 500 Faster Growing Companies List on four separate occasions. On June 13, the company’s Chairman and Chief Executive Officer Charles S Arnold announced that there was going to be a debt-to-equity conversion so as to eliminate some of the debts of the company.

The debt obligations of the company to Arnold, in addition to some board members, professional trade creditors, and board members were going to be converted to equity at the current market rates. It had been suggested in the form of a request and the request had been accepted.

The acceptance of the request was a significant development since it was going to reduce Stemtech Corporation’s debt obligations significantly. Additionally, the transaction would also provide the company’s staff and management with a larger equity stake, which would tie the company’s growth to the returns earned by the management and staff.