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Re: None

Friday, 05/27/2022 4:48:56 PM

Friday, May 27, 2022 4:48:56 PM

Post# of 3259
GRST -I received a Reply From Mr. Shawn Leon that Might Clear some Peoples mind???.....- I did sent him few posts and did asked few questions???.....

***Here the reply:

In Q3 2021 not only was I not paid a management fee, I reversed an old accrual for management fees owed to me from many years previous. So instead of taking money I cancelled a debt owed to me. This was a benefit to the company of $229,175. This amount is included in the 269,238 repayment of related party notes. In Q1 2022 the proceeds from related party were cash infusions by my wife and myself totaling $259,228. No interest no fixed repayment date. The items in Q3-21 and Q1-22 had nothing to do with each other. The cash infusion in Q1-22 went to help pay down convertible notes which helped stop the conversion of debt to shares. All a benefit to the Company and none of it included in EBITDA numbers reported for the ARIA subsidiary. Also there were no non-recurring line items in Q4 that had anything to do with the EBITDA reported for the 4th quarter either. The Company growth is real and the elimination of variable rate debt is real.
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GRST - From the reply I received from Mr. Shawn Leon....I "omitted" to post this:

***<<You can respond to the guys comment and tell him he does not know what he is talking about. ......See my post #42737....





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