Dan Bilzerian quiet as whispers of alleged financial turmoil at Ignite persist

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They further added that Ignite’s future remains uncertain, saying “Although the Company has been successful in the past in obtaining financing, there is no assurance that it will be able to obtain adequate financing in the future or that such financing will be on terms that are acceptable to the Company. The uncertainty of the Company’s ability to achieve profitable operations and its success in raising additional capital funding may cast significant doubt on the Company’s ability to continue as a going concern.”

That said, Ignite’s current troubles cannot be directly attributed to Bilzerian himself, it is a company after all. Nor can it be confirmed that the company is on the edge of bankruptcy, but the annual report does raise eyebrows.

His father, Paul Bilzerian is reportedly running Ignite behind the scenes, which also raises questions of legality since he is a convicted fraudster.

Either way, it will be interesting to see and hear what Bilzerian does and says to investors and to his millions of fans regarding Ignite’s financial situation and the concerns his father has taken a less shadowy role within the company.