We know what Shawn is working on. He needs to rehabilitate the share structure and this losing business model narrative so he can get back to selling shares. The shares are dead to the company in terms of attracting capital. He just wrapped up his debt problem in this off balance sheet deal so he can continue to borrow more. Business as usual for Shawn Leon. Eventually he will get around to that regulation "A" offering that he has been talking about for nearly a year. Until then this is dead money.
These two initiatives have delayed both the start of the Reg A+ capital raise and the completion of the acquisition. All of these initiatives are interdependent on each other, and it is expected that they will be resolved by June 30, 2023.
The Reg A+ offering will soon have a new marketing plan and will soon be hosted on the Dealmaker platform
Mr. Shawn Leon, Company CEO, reported, “The first two months of the year have been very busy with the real estate purchase, the acquisition and growth plan, the Reg A+ financing and the continued management of the ARIA facility in West Palm Beach.
Additionally, on November 14, 2022, the Company received qualification from the SEC for its form 1A, which enables the company to raise new equity as outlined in the filing.