Authentic Holdings Inc (AHRO)

[KISSINGER]

If you recall 2020 was the year of the pandemic, the shutdown etc..The capital markets shrunk to zero. It was also the cause of a 5 million financing for the company not happening so they were convertible notes of $400,000 which would to be paid off with the financing . Didn't happen so notes converted and the company went down to a $300,000 valuation from the downside pressure on the stock. In the process the company's supply chain shut down and eventually died like so many other small businesses as a result of the shutdown.

In 2021 the company concentrated on rebuilding their supply chain and creating new opportunities. They also sequestered all convertible notes in which all of them cannot call on any reserves to do any conversions whatsoever.

In 2022 the company announced a series of joint ventures with other large companies to leverage up its knowhow and its assets and marry them with key components the rest of it you can read on your own through the press releases. And they took their first purchase order for $800,000 a month ago with many more coming that will be well into the 7 digit area

The additional borrowings by the way were for raw material purchases for vinyl and will be paid back in cash when the product is shipped in late October to retail stores. Then the PO turns into an accounts receivable with a 30-60 day term on it which can be financed or seen through to its term when the retail stores pay the receivable.