As the end of 2023 draws near, there are steps Aulon shareholders may want to take, either to gain tax benefits from selling Aulon's stock at close to $0.00, or to reduce IRA custodial fees (if their stock is held in an IRA). We will be creating web pages with step-by-step instructions on how to:
To facilitate making these decisions, we will provide information in the form of an FAQ (frequently asked question) page that will be updated as questions come in from shareholders. That way, all shareholders will get the benefit of information given in response to specific shareholder questions.
Over the last five year, our company passed through several extreme trials. A failed investment in a small chain of ice cream stores (Doc Burnstein's Ice Cream Lab), a two year delay in a residential real estate project, and challenges related to COVID, nearly extinguished our company. Because we had no cash to pay employees, we were forced to lay off our entire staff in 2020, making normal functions like bookkeeping and shareholder communications virtually impossible. The only path forward is to streamline the administration of the company, and even more importantly, focus the scarce resources we have on attempting to re-establish profitable activities.
Naturally, with these troubles, legal problems have arisen. A significant amount of time is devoted to wrangling with these. It seems best for all concerned, if possible, to prevent the past from consuming the future. Therefore, we are allocating as much time as possible to re-tooling the company in order to focus on profitable projects.
We are focused on three activities:
It is our hope that through the channel of our website, we will be able to efficiently update shareholders on further progress in the months and years ahead.