Vivakor removed about $15.2 million in note debt and future interest costs, easing its bills. The last note became shares, giving existing owners a smaller portion, but removing the debt and interest costs is the clearer benefit.
That leaves Vivakor with fewer bills to pay and no future interest on these notes. The last note became shares, so current owners hold a smaller portion of the company. Removing the debt and interest costs is the clearer benefit.
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