🏆️ ATMH DD>> On June 1, 2023, the Company entered into employment agreements with Massimo Meneghello, Chief Executive Officer, and with Massimo Travagli, Chief Financial Officer. Mr. Meneghello will receive $2,500 per month and Mr. Travagli will receive $5,000 per month.
Mr. Meneghello and Mr. Travagli shall be paid the monthly salary by way of the quarterly issuance of unregistered restricted shares of common stock of ATMH (the “Shares”), valued at a 30% discount to the market price of the Shares based on the Market price on the OTCQB Market, on the last day of each quarter, until the Company, at its sole discretion, is in a position to pay the Employee in cash.
Accumulated deficit (7,953,349)
TOTAL LIABILITIES 1,801,674
Revenue $ 1,795,519
Cost of revenue $-1,780,948 -
Gross profit 14,571
Net loss $ (11,016)
The Company has an accumulated deficit of $7,953,349 as of April 30, 2023 and has incurred operating losses to date. The Company expects that while it is restructuring and completing certain identified acquisition targets it will continue to incur operating losses. The Company has been funded to date by current management and expects this funding to continue until such time as initial revenues from currently planned operations commence. There can be no assurance that the Company will continue to receive funding from management or that it will be able to raise sufficient funds from the sale of securities or debt, or that the funding it does receive will be sufficient to pay for its operations.
Management’s plans for the continuation of the Company as a going concern include the identification and completion of acquisitions, the financing of the Company’s operations through issuance of its common stock and shareholder advances. Its continuation as a going concern is dependent upon its ability to, to obtain additional financing as may
be required to meet its obligations on a timely basis, to identify, acquire and develop a commercially viable business and ultimately to establish profitable operations.
