Saturday, March 12, 2022 11:20:50 PM
Q4 revenue has been informally reported as $9m
Now compare that to already anemic Q4 revenue for last year that was $15m.
That is a -40% decline in the last 12 months.
No wonder Amerop and White Winston are filing more lawsuits against Ryan when they offered the shareholders to purchase all the outstanding debt for $2.00 a share and Ryan converted it all for pennies AND is paying himself 18% interest on all the Costco invoices that are guaranteed to be paid. Literally no risk financing. Since Ryan couldn't even pay his personal home property tax on time, he is probably borrowing money from a family member or friend for a little less than 18% and arbitraging the margin.
Shareholders again are being screwed. Let's see what happens now that White Winston has filed suit in their hometown on the East Coast.
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