While the existence of convertible notes can be a concern (depending on conversion terms), their cancellation is typically viewed as bullish, as it removes the concern of potential dilution in the future. Which may or may not, be done at terms favorable to current shareholders.
We nearly always view raising cash and the dilution that comes with it (secondaries or ATM offerings), as a favorable event to most companies, because for most start-ups, it provides the fuel for future growth. But with convertibles, it depends on the terms – which can be disastrous or which can be great, particularly when priced above the market – similarly with warrants.
We would describe the recently cancelled Alkaline Water convertibles as ‘potentially’ disastrous – but now that boogie man, appears to be gone.
Short and Simple. Headlines Speak for Themself.
In reverse chronological order..
The Alkaline Water Company Inc Announces Completion of Cancellation of Convertible Notes
…today announced that the Company has completed the cancellation of all of its Convertible Note…with the Debt Cancellation, the Company has positively addressed the OTC Markets comments on its previously announced application for a OTCQB listing and as a result will be reapplying for an OTCQB listing.
The Alkaline Water Company Inc Cancels Third Convertible Note
…today announced the cancellation of a $130,000 Convertible Note (the “Debt Cancellation”), eliminating the potential issuance of approximately 130,000,000 shares of common stock.
The Alkaline Water Set to Cancel Convertible Debt Instrument
…today announced the cancellation of a $110,000 Convertible Note (the “Debt Cancellation”), eliminating the potential issuance of approximately 110,000,000 shares of common stock.
The Alkaline Water Company Eliminates Convertible Debt in Advance of OTCQB Uplisting
…executed a definitive agreement with the holder of a $250,000 Convertible Note (the “Convertible Debt”), resulting in the full cancellation of the obligation. The transaction eliminates the potential issuance of up to 250,000,000 shares of common stock,
The Alkaline Water Cancels Block of Common Stock
…today announced that it has officially cancelled 94,300,000 shares of Common Stock pursuant to a Settlement Agreement…the Company has now received a full return of the previously issued Common Stock for cancellation. In addition, the Company will retain ownership of the acquired inventory.
As a result of this stock cancellation, the total number of issued and outstanding shares of the Company’s Common Stock will be reduced from 301,453,390 to 207,153,390, representing a decrease of over 30%.
The Alkaline Water Company Announces Filing of OTCQB Application
…today announced the filing of its application for uplisting to the OTCQB market tier.
….today announced the completion of its audited financial statements and related notes for the period ended March 31, 2025, by a PCAOB approved auditing firm.
Where do we go from here?
As we said back in May, The Alkaline Water Company, could be our “beverage comeback of the decade story” let’s see what happens from now — to a couple years out.” We would follow their news as closely as humanly possible.
This could take off like a rabbit being chased by a Honey Badger, like it did last winter. We are again in this for the LONG HAUL (like 2-3 years), but we wouldn’t complain if…
September 10: Adding the Alkaline Water Company (WTER) $0.0165 to Watch List.
May 13: Nice Bounce on Alkaline Water (WTER) up 81%.
May 2nd. The Alkaline Water Company Retains Investment Research Firm, Institutional Analyst
Finally, we didn’t see an 8K yet, regarding any of the cancellations, so we’ll have to wait for the next quarterly report to see the new share structure.
About The Alkaline Water Company Inc.
Founded with a mission to deliver clean, balanced hydration, The Alkaline Water Company Inc. (OTC: WTER) is a trusted name in premium alkaline beverages. Its flagship brand, Alkaline88®, is crafted using a proprietary electrolysis process that infuses purified water with Himalayan rock salt, electrolytes, and trace minerals – delivering a perfectly balanced 8.8 pH product with no added chemicals. Under the leadership of co-founder and CEO Ricky Wright, the company is focused on sustainable growth, operational efficiency, and expanding its national and international footprint.
Contact Information
The Alkaline Water Company Inc.
5524 North 51st Avenue Glendale, Arizona 85301
Telephone: 480-582-3600
Website: www.thealkalinewaterco.com
Email: info@thealkalinewaterco.com
This press post contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements and include statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although the Company believes that its plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, the Company can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company’s control), assumptions and other factors that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for the Company’s common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the SEC. Except as required by law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law. Client, Institutional Analyst is compensated by the company with seven-thousand-five-hundred dollars in a combination of stock and cash a month for news coverage and progress reporting.
