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Prophecy DeFi Inc ( (TSE:PDFI) ) has provided an update.
Prophecy DeFi Inc. announced amendments to its previously issued convertible debentures, reducing the forced conversion price from $0.02 to $0.01. These changes aim to restructure the company’s balance sheet, attracting new investment capital and facilitating business development initiatives. The amendments require approval from both debenture holders and shareholders, with a meeting scheduled to finalize these changes. The Canadian Securities Exchange has conditionally approved the amendments, and further announcements will be made regarding their effective date.
Spark’s Take on TSE:PDFI Stock
According to Spark, TipRanks’ AI Analyst, TSE:PDFI is a Underperform.
The overall stock score is heavily influenced by significant financial distress and weak technical indicators. Financial performance is the most critical factor, highlighting severe revenue and profitability challenges. Technical analysis further underscores the stock’s bearish outlook. Valuation is poor, reflecting the lack of earnings and return to investors.
To see Spark’s full report on TSE:PDFI stock, click here.
More about Prophecy DeFi Inc
Prophecy DeFi Inc. (PDFI) is a publicly traded investment company focused on generating returns through capital appreciation and income. It aims to achieve these goals by investing in technology start-ups within the Blockchain and Decentralized Finance sectors, fostering innovation, advancing industry research, and creating new business opportunities.
Average Trading Volume: 82,398
Technical Sentiment Signal: Strong Sell
Current Market Cap: C$1.35M
For a thorough assessment of PDFI stock, go to TipRanks’ Stock Analysis page.