Auri Inc (AURI)

[Soapboxmom]

Eddie Vakser has never run a real business with products, services or sustainable revenue generating operations. Vakser has no clue what a bankruptcy entails. It is very complicated and costly. AURI is acquiring a disaster in the making with a total POS company that is not in a position to do anything with AURI. No savvy investor is going to sit back while this BS goes on.

Estimated number of
creditors ? 50-99

Estimated liabilities
? $10,000,001 - $50 million

https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics

https://www.investopedia.com/terms/c/chapter11.asp

Are There Advantages to Filing Chapter 11?

The biggest advantage is that the entity, usually a business, can continue operations while going through the reorganization process. This allows it to generate cash flow that can aid in the repayment process. The court also issues an order that keeps creditors at bay. Most creditors are receptive to Chapter 11 as they stand to recoup more, if not all, of their money over the course of the repayment plan than if the company simply went out of business.
What Are the Disadvantages of Filing Chapter 11?

Chapter 11 bankruptcy is the most complex of all bankruptcy types. It is also usually the most expensive. For a company that is struggling to the point where it is considering filing for bankruptcy, the legal costs alone might be onerous. Plus, the reorganization plan has to be approved by the bankruptcy court and must be manageable enough that the business can reasonably pay off the debt over time....

The business is not able to make certain decisions without the permission of the courts. These include the sale of assets, starting or terminating a rental agreement, and stopping or expanding business operations. The court also has control over decisions related to retaining and paying attorneys and entering contracts with vendors and unions. Finally, the debtor cannot arrange a loan that will commence after the bankruptcy is complete.

The hundreds of complaints and millions in chargebacks and refunds are shown in the tax return and the BBB pages linked below.

$AURI the company has been working on a deal for a manufacturing facility in Florida. We are at the final stretch of completing a deal. Given the state of the deal we were given permission to disclose tax return segments of the deal to share with the public. #OTCMarkets #NASDAQ pic.twitter.com/LrDxMYO9j6

— Auri Inc (@AURI_OTC) September 20, 2023

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