Monday, June 12, 2023 9:44:31 AM
I do not know specifically what will come out of this soon but I believe one has to be viciously sadistic to see the following as disastrous news for shareholders, considering our recent capitalization and revenues ??? This being said let’s see why our CEO felt he had to issue this NR NOW ???
-to agree to a plan for repayment of the Leonite debts and convertible loans.
-parties are also negotiating a global restructuring of outstanding securities
-greatly reduce the complexity of the Company’s balance sheet, as well as reduce substantial liabilities.
-initiative on purchasing the West Palm Beach real estate is also in its final stages and will be part of the expected resolution as part of the senior debt restructuring.
-These two initiatives have delayed both the start of the Reg A+ capital raise and the completion of the acquisition
-If revenue continues as projected, the second quarter will set new highs for profitability.
-the suit on 4/18/2023 with prejudice,
-(Another case) The entire case was resolved on May 24, 2023 in mediation and the case was dismissed with prejudice (not involved in any patient brokering.)
I keep my millions shares, I do not add, I wait and see. No one can say our CEO abuses issuances of NR but for some reason he just found that time has come to issue one huge one with SPECIFIC TARGET DATES FOR THE ACTIVITIES HE MENTIONS"
WE SOON SHALL SEE
Patiently,
Roger
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