Aug. 27 at 12:30 AM
$AITX
According to their audited annual 10-K financial reports, AITX's auditors have issued a going concern qualification. This is due to a historic lack of profitability, severe common share dilution, a substantial stockholders' deficit (
$49 million), and heavily restricted cash on hand. The company is actively executing a cost-reduction plan to shave off
$200,000 a month in expenditures to reach operational positive cash flow.
Trim that 4.3 million compensation package, instead of shorting 49 million of investors dollars and you could get to profitability faster.
The company is now earning close to 1 million in monthly recurring revenue (MRR), yet can't pay their bills, and keeps shorting investors, while Steve takes an exorbitant paycheck.
YA, I'm a basher, only I'm not paid. I do it for free.
They are basically in the security field. But they don't care about our financial security, gladly steal our money.