| KING OF PRUSSIA, Pa., May 1, 2012 /PRNewswire/ -- Medical Alarm Concepts Holding, Inc. (OTCQB: MDHI.PK), today announced it has reached an agreement with several holders of its convertible debt. Under the terms of the agreement, $56,250 of convertible debt has been cancelled, preventing a significant amount of common shareholder dilution. Additionally, the agreement calls for the cancellation of another 13,750,000 million warrants, bringing the total number of warrants cancelled this year to 1...continued MDHI |
Tuesday, May 1, 2012
MDHI in Agreement with Debt Holders - Portion of Convertible Debt and Additional 14M Warrants Cancelled -- Total of 101M Warrants Cancelled this Year
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