I'm not sure what many believe will be in the next press release that is good for shareholders. The debt restructuring appears to be handing over the assets. Once this is done the regulation "A" offering will be the focus. How is the offering remotely possible without a reverse split.
The history of press releases is littered with exaggerated statements related to revenue. Q2 2022 boasted a 117% increase over the first quarter of 2022. They loved the EBITDA number back then. So 117% increase for the quarter Q2 2022 over Q1 2022 and then the Q1 2023 has a net earnings number that is essentially the same as Q1 2022. What happened to that 117% increase?
This is what they do each and every quarter. The press release history link is below. Who benefits from the ...will set new highs for profitability... after the deals are done. What is the holdup with the Leonite negotiations? Did Leonite take a better look at the business? Leonite answers to their own investors.
The Company further reports that its ARIA subsidiary achieved extremely strong results in April and May with over 1 million in revenue for the two months. The company expects this revenue rate to continue for June. If revenue continues as projected, the second quarter will set new highs for profitability.
The Company’s ARIA subsidiary continued its growth and had a $404,700.00 EBITDA for the second quarter which was a 117% increase over the first quarter of 2022.