NYSEAM:GPUS - Post by User
Post by
ecabrera333on Aug 20, 2024 1:21am
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Post# 36187200
Ault Alliance Financial Losses
Ault Alliance Financial Losses Milton C. Ault (also known as Milton Todd Ault III) announced on August 18 that Ault Alliance had revenue of $76.3 million for the six months ending June 30, 2024, and total assets of $271 million as of that date. However, he did not reveal that the company incurred a comprehensive loss of $36 million for the last quarter and saw its assets decline by $29 million. The company continues to experience significant financial losses.
As previously noted, this company seems to operate like a legal Ponzi scheme and will change its name before filing for bankruptcy.