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Friday, May 24, 2024 10:10:44 AM
https://www.otcmarkets.com/otcapi/company/financial-report/403246/content
The $28M was Q1 2023, not Q1 2024. Q1 2024 is much lower than Q1 2023 in all aspects and I'd like to hear an explanation why.
One explanation has been "they rushed that report out to meet the deadline and it's not accurate" but I'm not even going to consider that. It's ludicrous for two reasons: (1) they were already Pink Limited and the only penalty for missing the Q1 deadline would be to "fall" to Pink Limited, and (2) you simply do not file a fraudulent financial statement to meet a deadline.
If I get my $28M question answered, my next question is: On March 15th the company filed an amendment with the state of Nevada saying they would do a 1:1000 R/S as soon as possible because it was in the best interest of the company and its shareholders. Two months later, in the CEO "interview," the CEO said he "didn't think" a R/S would be necessary. What is the explanation here? Is the company saying "nah, we didn't mean it" or "we changed our minds?" Surely the interviewer asked for an explanation of this significant change of heart?
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