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This is on top of failing to hold a required annual meeting in 2025, and the previously documented (in IBJ) “issues” with accounting for economic development loans and grants to another subsidiary.
Instead of a single focus, Jensen’s ‘leadership’ seems all over the place. As a result, zilch. This entire enterprise could/should have been focused on what they have: A solid building in Marion. Proven technology thanks to Purdue researchers. Federal help $. A hungry marketplace. Instead, holding companies in Miami. Multi coded companies as possible diversionary shills. A lawsuit from West Virginia. Affiliated ‘partners’ from around the globe. All of this and AREC refuse or cannot produce a required business audit in a timely manner. There’s no legit excuse. Legit is the key word here.🙄
This ticker has been the plaything of day traders for several years. Just one of many in today’s casino-like stock market. Prediction markets, leveraged ETFs, zero day options, SPACs, crypto frauds, Robinhood, etc…..Allbirds, ha. These activities in the end generate negative net worth. Study the late 1990’s.