Tuesday, July 25, 2023 10:05:41 AM
I'm waiting to see if they execute this convoluted deal because it has SEC complaint written all over it. I also don't believe the timing for the independent accounting firm resigning is a simple coincidence. We should see an actual purchase and sale executed and a real profit according to the CEO's statements. What I am expecting is a $5.5 million loan deal disguised as a lease to make the balance sheet reflect a much better debt to equity ratio. This could be hidden as off balance sheet financing which would be handy in going after more lucrative funding in a post uplist scenario. Bottom line is that I believe the Leon's are desperate to pull a rabbit out of the hat given their personal exposure to this company . I still have my doubts that this deal will close. But it made good press... actually didn't.
Everything that I post is just my informed opinion and is simply an invitation to debate. Trade on your own due diligence please..
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