Is Dan Bilzerian LYING?! IGNITE Stock Up 170%? DECEIVING First Profitable Quarter
63Dan Bilzerian and Ignite International have just released their first ever profitable quarter, Q4 2020. As a result, the stock shot up 170%... But could Dan Bilzerian be lying about the financials?
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In the fourth quarter alone, Ignite International generated $10.1m, in Q3 only $1.7m, in the first 3 quarters of 2020 only $6.5m and for the entire of 2019, only $9.6m.
To break it down, Dan has made more money in one quarter, than the entire of 2018, 2019 and the first 3 quarters of 2020.
Of this $10m, around $5m came from December alone. Supposedly, this significant increase in revenue is a result of opening a new company in Malaysia. This significantly effected the Ignite International Q4 (quarter 4) financials.
The first unusual part of all of this, is that the recent financial announcement posted by Dan Bilzerian, is unaudited and unreviewed. Meaning that he can release what ever he wants.
Also, i've ran the numbers, and it would mean that 1 in every 80 people in Malaysia spent 20% of their monthly salary on 1 of the Ignite International vapes, to last the entire quarter. Which is absolutely possible, but seems far fetched, maybe he really does just have a super strong following in malaysia.
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This video hasn't been made to slander the name of dan bilzerian or ignite international, just merely pointing out some observations that I had when reading through his financials, I might be completely wrong with my assumptions as after-all I’m just some guy that makes videos and puts them on the internet, i'm not Dan's accountant or his auditor, so be sure to do your own research.
Everything said in this video isn't proven fact, its entirely assumptions made by me based on the publicly available information such as historic ignite international financial statements' and public marketing evidence.
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