Unique Logistics International Inc (UNQL)

[LJ-Bodhi]

Remember when folks promised this POS was going to da moooooonnnnnnn with a billion in revenues and massive merger?!?!

The logistics industry experienced a global slowdown in the calendar year 2023 compared with the comparable period in 2022. Lower shipping volumes and lower freight rates are both responsible for a significant decline in revenues, net income, and EBITDA of the Registrant. We anticipate reporting a decline in revenue for the three months ended November 30, 2023, as compared to the same period in 2022, of approximately 30.4%, and in net income of approximately 279.4%, therefore reporting a net loss for the three months period ending November 2023. We also anticipate reporting a 123.1% decline in EBITDA for the three months period ending November 2023. We anticipate reporting a decline in revenue for the six months ended November 30, 2023, as compared to the same period in 2022, of approximately 44.7%, and in net income of approximately 178.6%, therefore reporting a net loss for the six months period ending November 2023. We also anticipate reporting a 123.1% decline in EBITDA for the six months period ending November 2023.

They also extended the anti-dilution protection in the preferred shares today for another year. That EAC reverse merger will probably never happen. This stock is dead.