AimRite Holdings Corp (AIMH)

[loanranger]

It is some stupid shit.

The PR makes no mention of Sexton, who is the President according to OTCM, and a new President has been appointed (presumably by Sexton, the sole Director) but the PR goes out under the name of Stauber, identified by OTCM as the Company Counsel.

The PR says "the Company is changing its status and is no longer a shell" and will "file the appropriate documents with the OTC Markets to reflect that there has been a change of control of the Company".
And "A discussion of the Company’s business operations and services and updated financial information will be included in the March 31, 2023, quarterly filing", which implies that there won't even be an Annual Report.


I GUESS the basis that they are going to provide for no longer being a shell is explained here:
1. Discharger Capital LLC, as part of its contribution to the Joint Venture, subject to a closing, is for a call center platform for the establishment of a call center in Cebu Philippines to add to its management program a lead generation component, for its own business and for third parties.
2. Discharger Capital LLC contributes to the joint venture, initially management contracts that resulted in net earning to it of approximately $70,000, with the value of the initial contribution of approximately $140,000.

So the "more than nominal operations and assets, not consisting solely of cash or cash equivalents" contributed by the new guy that are required to escape shell status are.....
1. a call center in the Philipines that the new guy doesn't own yet and
2. some management contracts that he values at $140K (which provide "management services to private companies").
IF those contracts are ongoing and it can be shown that they in fact generated $70K in income they MAY qualify as more than nominal assets. I'd like to see some proof.

IIRC you've called this a lottery ticket. With a lottery ticket at least you know when they're going to hold the lottery. This thing has always been "just wait" and it continues to be that. And while waiting ticket holders have to put up with a lot of nonsense. Trying to dissect it is impossible....there's no way to tell what's fact and what's fiction.

Discharger Capital's website doesn't exist, which is only one step below AIMH's:
https://aimriteholdingscorp.com/