Authentic Holdings Inc (AHRO)

[Value Catalyst]

Company was completely current in SEC filings up until coronavirus pandemic. At around the same time, convertible note holders were ruthlessly converting and diluting the stock.
Regulation for SEC registered companies, only allow note holders to convert notes into free-trading shares while the company is “current” in its filings. CEO tried to negotiate with note holders during the extension window (March-May) to stop or slow down dilution. That was unsuccessful. Hence, the company intentionally chose to be delinquent in filings and attempt to continue negotiating debt, rather than spend all the money to get current just so noteholders can ruthlessly dilute their stock. Great move by management imho. While I’d love to see the company in current status, management does a good job keeping shareholders abreast of the company’s progress via PRs, and the dilution was starting to get outta hand until they stopped filings. Before we used to see at least 2 or 3 dilutive MMs on the level2, now they have since gone away.
Hope this sheds some light on the situation!