With respect to Geisler, Fuzzy Panda 's research reveals: (1) Geisler was "previously CEO of a reverse merger, pink sheets, pump & dump called Interactive Solutions (INSC) that used Bangkok boiler rooms" and (2) "former franchisees, and colleagues of Geisler's described him 'as a crook' and detailed his many 'scams' and 'illegal business practices[.]'" Fuzzy Panda also found that over 50% of the company's average studios are losing money, 80% of its brands have unprofitable business models, franchisees are giving their studios back to XPOF for $1, more of the worst loss-making transition studios are on XPOF's balance sheet and they have become harder for XPOF to re-sell, and XPOF has closed lots of studios despite management's claim to never closed a single studio. In response, the price of Xponential shares crashed as much as 42% lower on June 27, 2023.