AIAdvertising Inc (AIAD)

[Divest]

The AP article uses the financial problems Andrew Van Noy faced in his twenties as a recent college graduate during the global financial crisis, in an naked attempt to discredit his current business, due to his connection to Pascale . Looking at his Linkedin profile he appears to have been unemployed for most of 2009 according to his LinkedIn page, having worked for a company called the Velocity of Money from 2007 to 2009.



https://www.linkedin.com/in/andrew-van-noy-3b352718/

It is possible that he made bad decisions while working for that company 10 years ago since he had to declare personal bankruptcy as a young man in his twenties. It is also possible that he made very little money, and was legitimately broke, (like many twenty somethings are) because he was working in real estate during the same time frame of the global financial crisis, which was centered on the collapse of the real estate market. Without knowing the exact details of the lawsuits, we can not determine if his losses were due to personal misconduct or the extraordinarily bad circumstances that occurred in 2008- 2009 in the private equity as described in the article below, when he was working in his first job out of college.

https://www.vanityfair.com/news/2009/02/wolff200902
Having this background in mind the claims made in the AP article seem, to be somewhat disingenuous.

What we also know is that the Wikipedia article is based off of AP stories describing Cloud Commerce's financial condition back in 2018. We do know that the convicted felon mentioned in the story is named Jonathan Lei who sold all of his shares back in 2014 according to SEC filings.

https://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001196454

It's also noteworthy that the company's financial condition has improved significantly since 2018, as demonstrated by:

The company's forward guidance:

https://www.sec.gov/Archives/edgar/data/743758/000106594920000085/ex99_1.htm

The end of conversions in the most recent 8k:

https://www.sec.gov/Archives/edgar/data/743758/000106594920000096/cloud8kjune262020.htm

$780K bank loan that the company received in May.

https://www.sec.gov/cgi-bin/own-disp?action=getowner&CIK=0001196454