ATI Airtest Technologies Inc V.AAT

Sedar

[FredZarfloon]

A quick visit to Sedar would seem to explain why AAT doesn't post their latest fins on their web site, and why the link to the previous fins doesn't work. These guys look to be in trouble.

$700K current assets - $6.7M current liabilities - and 2Q gross profit $200K

[lscfa]

Do more DD..... $2.5 mil of the liabilities is due to the share price rising and the warrants being in the money. If the 45 million warrants are exercised the liability disappears and the co. gets $4.5 million in cash proceeds.  October 20, 2021 - AirTest is very pleased to announce that the Company has received $655,000 from shareholders exercising 13,100,000 warrants at $.05 per share

[lscfa]

Another $2 million of the liabilities has no due date and is tied to the co. paying a 5% royalty on sales with caps in place.