Authentic Holdings Inc (AHRO)

[familyof5]

Not bashing but what's this for: NOTE 8 - SUBSEQUENT EVENTS

.....just trying to get a grasp on why this GFTX is a good investment for retail. The stock has been in a free fall for several years now.....

GFTX Historical Summary
Period Open High Low VWAP Avg. Daily Vol Change %
1 Week 0.003 0.003 0.00205 0.0028022 2,327,198 -0.0004 -13.33%
1 Month 0.0026 0.00355 0.00205 0.002947 2,200,700 0.00 0.0%
3 Months 0.0031 0.0043 0.00205 0.003355 2,468,849 -0.0005 -16.13%
6 Months 0.0031 0.0059 0.00205 0.0035917 2,604,289 -0.0005 -16.13%
1 Year 0.0028 0.0085 0.0002 0.0046185 5,168,684 -0.0002 -7.14%
3 Years 0.10 0.125 0.0001 0.002095 14,512,161 -0.0974 -97.4%
5 Years 0.2175 0.55 0.0001 0.0021144 13,600,545 -0.2149 -98.8%

NOTE 8 - SUBSEQUENT EVENTS

Subsequent to June 30, 2022, the Company borrowed an additional $270,000 in convertible promissory notes.

Bottom of page 15 from the FORM 10-Q quarterly period ended JUNE 30, 2022
https://www.otcmarkets.com/filing/html?id=16033674&guid=zsX-kal6YPifJth


subsequent

adjective
adjective: subsequent

coming after something in time; following.



No money on hand to defend it's self?

Item 1. Legal Proceedings



As of the date of this filing https://www.otcmarkets.com/filing/html?id=16033674&guid=zsX-kal6YPifJth, the Company is a party to three pending litigation matters.



One matter is entitled Randazzo LLC v. Avani Holdings LLC & Global Fashion Technologies, Inc. This litigation was initiated by the plaintiff in order to evict Avani Holdings LLC from its rented premises in California and to recover unpaid rent. The company does not operate out of the premises in question and has never signed any leases or other documents with the plaintiff. A judgment of eviction was entered, but The company does not operate out of the premises in question and therefore did not appear in the matter to oppose the judgment of eviction. The plaintiff is also seeking unpaid rent in the amount of $26,595.



The second matter is entitled Patricia Witthuhn v. Global Fashion Technologies, Inc. This litigation was initiated by the plaintiff in order to collect wages allegedly due pursuant to her employment with Avani Holdings LLC. The Company never hired Ms. Witthuhn and never acquired Avani Holdings, LLC. Consequently, there is no legitimate cause of action against the Company. However, due to cash flow constraints, the Company is unable to hire outside counsel for this litigation. The amount being sought by the plaintiff is approximately $15,000.



The third matter is entitled William Corso v. Global Fashion Technologies, Inc. This litigation was initiated by the plaintiff in order to collect wages allegedly due pursuant to his employment with Avani Holdings LLC. The Company never hired Mr. Corso and never acquired Avani Holdings, LLC. Consequently, there is no legitimate cause of action against the Company. However, due to cash flow constraints, the Company is unable to hire outside counsel for this litigation. The amount being sought by the plaintiff is approximately $40,000.