Magnum7419
4 days ago
[b]Please advise why an rs? 'On March 13, 2025, we entered into a[color=red] Debt Exchange Agreements with each of Chris Giordano, our President and Director, and Paul Serbiak, our Chief Executive Officer and Directo[/color "Authentic Holdings, Inc ($AHRO)
@AuthenticHLDGS
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6hrs old..............
$AHRO Next week we will be sharing a major development via PR and then follow up with an 8-K on this enormous component to our future longevity and success.
We are working on several diiferent fronts to bring all 4 of our subsidiaries into focus. AHRO will grow this both
SECTION 1 – Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
On March 13, 2025, we entered into a Debt Exchange Agreements with each of Chris Giordano, our President and Director, and Paul Serbiak, our Chief Executive Officer and Director, pursuant to which they converted an aggregate of $2,000,000 in debt held in our company into equity and other consideration as set forth below.
Under his Debt Exchange Agreement, Mr. Giordano converted a total of $1,500,000 in debt into fifty thousand nine hundred and ten (50,910) shares of our newly created Series E Preferred Stock, three hundred and fifty million (350,000,000) shares of our common stock, and a Secured Promissory Note issued by our company, in the principal amount of two hundred and twenty-seven thousand two hundred and nine ($227,209) United States dollars.
$AHRO, this CEO did a lot of good things last few months. Zero dilution as well for a long time already now. Now converting 1.5 million in debt of him into equity, mainly preferreds and some common. That's pretty solid. We see a lot of CEO scumbags out there, gotta give credit to the ones that do good stuff.
Had a convo with CG last night for about 10 minutes. Like he said In effect he just made a $1.5 MM investment in the company. He advanced monies when needed and converted monies owed him into equity. So it is a literal investment in nthe company. To further that, he doesnt receive any of the PFD equity conversions unless the company earns $1 MM net after tax in a 12 month period and he gets a uplisting to NASDAQ.
I love the TWEET he put out the other day where he asked in so many words "Can anyone out there identify a CEO that has done the same as he and Serbiak have done. Right! Crickets" Hilarious and telling. He is one of a kind and he is taking this deal to the promised land for anyone who hangs around long enough
"Authentic Holdings, Inc ($AHRO)
@AuthenticHLDGS
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6h
$AHRO Next week we will be sharing a major development via PR and then follow up with an 8-K on this enormous component to our future longevity and success.
We are working on several diiferent fronts to bring all 4 of our subsidiaries into focus. AHRO will grow this both
Magnum7419
4 days ago
I remember it well,,,,,,,,,,it was the year of my first million dollars in penny stocks