Nov. 10 at 4:37 PM
$HTOO $QIND - QIND continues to fall behind in payments to Al Shola Gas.
You can see that their ability to pay under the terms of the regular agreement dated March 27, 2024 was such a pipe-dream, that they had to amend the agreement over a year later on April 8, 2025.
https://www.sec.gov/Archives/edgar/data/1393781/000121390024029067/ea020267801ex2-1_quality.htm
https://www.sec.gov/Archives/edgar/data/1393781/000164117225006369/ex2-8.htm
History appears to be repeating itself. If you recall, QIND was unable to pay Quality International what it owed them in a timely manner causing their sham deal to quietly fall apart. JP waited as long as he could to disclose that little 'factoid'
It makes you wonder how long ASG's principals will play nice with their friend JP Backwell, as late payments accumulating into millions owed is bound to affect the relationship, resulting in a similar outcome to that of the Quality International saga.
Know what you own.
How do you think, after reviewing the financials, that this company will "exceed
$20M in revenues in 2026" per this last PR - just look at 2025 so far.