Along with the September 14, 2023 press release, where the new Fractional CFO was revealed, plus, considering that previous press release (July 28, 2023) also talked about the company looking for a new CEO, it makes me think that more seasoned management is going to be running the company in the near future. Here's the excerpt from July...
"Digitalage, Inc. has also opened a search for a new CEO as Peter Michaels prepares to transition into the role of chairman. The board has already initiated the search for a visionary leader capable of guiding Digitalage through its next chapter of growth and evolution."
What I conclude from that, and still just guessing, is that in order to get more financing, Peter might have been "strongly encouraged" to give up his CEO position, and perhaps new management is getting a bigger piece of the company pie as well! Remember, I'm just guessing because they leave us in the dark!
If that happens to be the case, or something like that, it makes me think that solid financing could be forthcoming, allowing the company to actually launch. It's just that the money guys, like always, may have been able to negotiate a bigger piece of the pie. Maybe they smell big money!
Just my opinion; not investment advice; please do your own due diligence!
The CFO's come and go after finding themselves fully immersed in the reality of what the accounting protocols are and the lack of adherence to standard accounting principles that comprise the books and records of Hop On and Digitalage.
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