Why would you assume that Aire Fitness was a failing company?? Sea Containers are not that expensive, they were most likely already on target to hit over 500,000 in revenues for 2020 without TPTW. They were registered to sale with the government as well and had a relationship with YMCA. If anything their business most likely picked up during Covid because gyms all over the country are now adding outside fitness centers like they make. I am sure they have 80% margins as well. I really doubt they were struggling.
I believe it was a tit for tat deal between TPTW and Aire Fitness because the FORMER owner Mario Garcia was an insider holding 25,000 shares of TPTW. Cant make this stuff up! What goes around comes around. All of the companies brought under the TPTW umbrella are struggling entities and have in reality brought nothing but higher liabilities to the TPTW table. Plenty of RED flags here at TPTW especially after those WASH TRADING CALL CENTER charges were leveled at 8 scam artists this past January.
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