Aug. 27 at 2:36 PM
$FOXO Common shareholders, you've been suckered !
https://x.com/mgyahoo1/status/1960018390296441230
summary of SEC quarterly report August 19
https://www.sec.gov/ix?doc=/Archives/edgar/data/1812360/000164117225024818/form10-q.htm
Observations:
1. CEO #3 White and #4 Langan been extracting money from Foxo to companies Kr8 and InnovaQor (respectively owned by White and Langan), coincidentally both created/ing mobile app for Foxo.
That means less money in Foxo, less for Common sh, and more in personal pockets of ceo's White and Langan.
No wonder ceo's don't buy shares of Foxo with their own money !!
2. Acquisitions "strategy" since CEO #4 Langan (also CEO of
$RNVA Rennova).
So far, acquisitions done (Myrtle, RHI) and almost done (Vector Bioscience) all Rennova connected. in other words , just moving the businesses under the
$FOXO ticker
Usual Observations:
1. DILUTION 45.8m shares (not 10m) on Aug 18. Where the pumpers saying "low float"?
$FOXO should be nearer to 0.0001
2. Losses
3. Foxo Labs revenue ~30k/yr (was 200k)
4. more Debt and DEFAULTs
5. more Lawsuits against FOXO