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Friday, April 19, 2024 3:12:06 PM
Message: I was hoping that you would explain the $10m revenue miss in your press release, but unsurprisingly there was nothing. No mention of YOLO, or the Taylor Swift Eras tour that you had been so prominently Tweeting about. This can only lead investors to one conclusion, your company is a scam and your name should forever be associated with that.
Reply: The $10.8m estimate revenue is based on an investment of $10m. Because the company still needs to raise US$10 million to participate in distribution investment in the Chinese film market, this quarter's revenue won’t to reflect related performance.
The box office settlement will take up to 9 months to complete, and the income of investment companies outside China must go through legal transfers to outside before they can be included in operating income.
All investments need to be implemented in accordance with regulations to receive income.
The company is going through the procedures to enter the Chinese market. Once the funds are raised, it will be able to show the previously predicted performance in future reports.
Sincerely,
Corp affair | AB International Group Corp.
Do your own DD and trust it, no one else has your best interests in mind.
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