PSYC Corporation Has Been Seeing A Favorable Response From The Market Following Several Positives Milestones Being Hit

During the last month, we have been closely following PSYC Corporation (OTC Pink: PSYC) as the management team has been reporting a series of positive developments. The market’s response to the announcements has been positive and we are favorable on how the stock has been trending.

From higher trading volume to improving momentum statistics (as measured by the relative strength index or RSI), we have been favorable on the recent move by PSYC and believe our readers should be aware of the opportunity.

Last week, PSYC strengthened its balance sheet by consolidating 49 convertible debentures that were issued to RB Capital Partners between January 2019 and December 2021. As part of the agreement, the firm agreed to lower the interest rate on the debentures to 7% from 10% which will reduce the total amount of capital that is owed to the firm.

During the last quarter, PSYC has reported a series of positive developments and we are of the opinion that RB Capital’s decision to consolidate the convertible debentures indicates that it believes in the future of the business.

RB Capital is PSYC’s largest debenture holder and we consider the relationship to be one of the most important aspects of the story (especially as it relates to the financial health of PSYC). The agreement shows that RB Capital is willing to help the company manage its debt and we are favorable on this.

We believe that RB Capital is committed to helping PSYC expand the business and enter new markets. Going forward, we expect the relationship to continue to play an important role in the future of PSYC and will monitor how the relationship evolves as the management team continues to execute on significant growth initiatives.

PSYC’s management team previously said that the company is highly focused on making accretive acquisitions and strengthening the balance sheet. We believe that agreements like the one with RB Capital will help the management team accomplish its goal and expect to learn more about this strategy in the coming months.

During the last quarter, PSYC has been highly focused on starting the Form-10 filing process as it plans to up-list onto the OTCQB exchange. We believe this would be an important step forward for the business and will monitor how the management team is able to maximize value for shareholders.

Going forward, PSYC plans to take further action to strengthen the balance sheet while reducing its debt obligations. We believe the strengthening of the balance sheet is one of PSYC’s most important initiatives when it comes to improving growth prospects and will monitor how the management team is able to further execute on this.

If you are interested in learning more about PSYC Corp, please send an email to support@mushroomstocks.com with the subject “PSYC” to be added to our distribution list.

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