SPYR Inc (OTCMKTS:SPYR) intends to excel in the mobile game and application development business and for the purpose the company is busy engaging leading experts to its team. The company hired Mr. Paul Thind as the Managing Director of its dedicated games and application segment. He is an opinion leader in the mobile games, internet, entertainment, digital media space and virtual world.
Thind has been brand builder in the industry, and this association will prove extremely beneficial for SPYR. The company plans to give a stiff competition to its peers in this fast-growing industry. Thind gives the company an opportunity to get recognized and increase its market share in mobile games and virtual worlds.
Atrinsic, Inc. (OTCMKTS:ATRN) Files Form 8-K
Atrinsic, Inc. (OTCMKTS:ATRN) submitted Form 8-K wherein it revealed that on September 3, 2015, it issued secured convertible notes to each of Hudson Bay Master Fund Ltd. and Iroquois Master Fund Ltd for an aggregate of $50,000. Both of them are secured lenders to the company. These issued notes mature on August 31, 2016 and have a interest rate of 5% per annum. The interest is payable at maturity.
The accrued interest and outstanding principal of each note is convertible, subject to a Beneficial Ownership Cap of 4.99% into shares of Atrinsic common stock at an initial price of $5 per share, at the will of the respective holders. The proceeds will be used to support working capital needs. On September 3, Atrinsic also finalized a note modification deal, made as of July, with each of Hudson and Iroquois.
Marchex, Inc. (NASDAQ:MCHX) Engages Gary Nafus As New CRO
Marchex, Inc. (NASDAQ:MCHX) jumped more than 2% as it appointed Gary Nafus its CRO in shoring up company’s executive team. The company also engaged Matt Muilenberg as SVP, Customer Evangelist. More recently, Nafus served as a managing director at Kenshoo.