Authentic Holdings Inc (AHRO)

[StockBull]

GFTX Dilution since February 28, 2020:

O/S 122,900,716 as of 02/28/2020
O/S 163,424,246 as of 03/06/2020
O/S 332,110,232 as of 03/20/2020
O/S 456,575,514 as of 03/27/2020
O/S 910,980,208 as of 04/28/2020
O/S 1,251,239,584 as of 07/07/2020

If it’s not already evident from the above numbers, the dilution here got so bad that it literally forced the company to become delinquent in their SEC reporting duties. In fact, the company specifically touched on this in their last press release below.

https://www.nasdaq.com/press-release/update%3A-authentic-heroes-issued-patent-by-uspto-2020-06-22

Lastly, as to our intent of becoming a fully reporting company once again will be determined by several factors including. Our ability to negotiate an acceptable deal with minimal or no further dilution with the convertible noteholders which will remain the key component that will determine whether we spend monies strictly on operations or on operations and the expense that goes along with maintaining a fully reporting status. It is our intent to become fully reporting again but that decision will be determined in the next several months.

So what does that actually mean? Either the company works out a deal with note holders, or they continue to be delinquent in their reporting to the SEC.

So now the question becomes, how do we know the company will be able to work out a deal with noteholders that will also benefit shareholders? The company has been “trying” to work out a deal for months now with no success and even more dilution, which apparently forced the company to stop reporting all together. Obviously “working out a deal” wasn’t benefiting noteholders, otherwise they would have stopped diluting.

Ok, so now we know WHY the company decided to stop reporting. The question now becomes, why aren’t they shipping orders to their customers? How does working out a deal with note holders stop the company from operating their business, ie shipping customer orders and manufacturing PPE masks, as they said they would do?

Something doesn’t add up here...