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Autris (AUTR) is a progressive company dedicated to promoting freedom and sustainability through strategic acquisitions and innovative initiatives. The company's recent announcement of a proposed reverse stock split aims to reduce the number of issued common shares, enhancing stockholder value and market positioning. With a commitment to transparency, resilience, and independence, Autris is shaping communities that reflect its core values.
Autris (OTC: AUTR) reported record-breaking results for the fiscal year ended June 30, 2024. CEO Arnold Patrick Hiebert highlighted key achievements:
- Positive earnings of $354,097
- Deferred revenue of $3,892,862
- Asset growth to $10,351,949
- Shareholders' equity of $5,056,919
- Retired all outstanding mortgage amounts
- Sold ~80% of flagship Veritas Village - Coronado project in Panama
Autris focuses on creating freedom and self-sustainability oriented communities in Latin America and the Caribbean. The company plans to expand to Costa Rica, Mexico, Argentina, and beyond. Autris aims to grow its property management division, increase marketing reach, and work with partners to create International Self-Governance Cities.
Autris (OTC Pink: AUTR) announces a highly successful launch of its Veritas Village - Coronado Community in Panama, designed by recently acquired EcoVillages. The community, based on the F.I.R.S.T. philosophy (Freedom, Independence, Resiliency, Self-Sustainability, and Transparency), received reservations for nearly 80% of total homesites after a webinar launch.
Veritas Village - Coronado offers a luxurious, off-grid lifestyle near beautiful beaches, featuring:
- Solar-powered homes
- On-site water source
- Food forest and sustainable agriculture
- Community amenities including clinic, school, and recreational facilities
Autris plans to expand the Veritas Villages concept in Panama and other countries, catering to those seeking freedom from government and corporate dependence.
Autris (OTC Pink: AUTR) has announced the strategic acquisitions of EcoVillage Design, S.A. and Veritas Village Holdings Panama, S.A., establishing itself as a leader in F.I.R.S.T. Certified intentional residential community development across Latin America. These acquisitions align with Autris's mission to promote freedom, independence, resilience, self-sustainability, and transparency in community living. Veritas Village - Coronado is highlighted as a flagship project in Panama, attracting significant interest and rapid home site purchases. Financially, Autris reported positive EBITA of $163,346 and net earnings of $159,029 for the quarter ending March 31, 2024, with total assets increasing by 86.5% to $8,981,193. The company's net equity rose to $3,996,535, and working capital improved to $741,346.
Autris announced a proposed reverse stock split of its common shares. The Board of Directors and majority shareholder approved an exchange ratio between 1 for 25 to 1 for 80, reducing the number of outstanding shares from 131.25 million to between 5.25 million and 1.64 million. The reverse split will be uniform across all shareholders, with fractional shares rounded down. The Board retains the authority to finalize or abandon the split and must obtain FINRA approval. There's no guarantee the split will increase share price or achieve intended effects.
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