The most positive day here in many months and already struck down
And then they divested fully from werpo, to merge with romana, and then they divested from that....
Right now this is a big bag of nothing...biggest loss of my penny longs ever...I’m just holding for when I need the tax offset or he reverse merges into another sham where I can find another bag holder
WERPO is an Israeli company formed in 2014 that currently holds all the rights for SDE’s tech, patents, etc (publicly traded as BlackBird International $BBRD)... now 'Romana Food Brands Corp. (RFBC)
Whats happening over here?
I mean people with insider information quietly loading shares before news comes out.
If all 161,600 shares traded today was at .007 that is roughly $1000. What the heck is this out of no where? What do you mean by front loading?
The end of Werdo.
I personally like cbd yogurt.
This kinda says it all:
Formerly=Blackbird International Corporation until 10-2017
Formerly=Blackbird Petroleum Corporation until 3-2011
Formerly=Ark Development, Inc. until 12-2008
Half-Billion shares out, and growing I bet.
figured it be more
VeChain is already doing this with China's third largest company.
Remember the PR that said the name was going to be changed to remove all traces of the ROMANA brand?
Maybe there are 1,075 reasons why that promise was broken?
That 1,075 figure could change in the future.
Who is they? What infrastructure?
They have all the infrastructure.
Name change & more
$RFBC: CBD food manufacturing is the way to go
I mean anything Cannabis Edible related.
Need a new gameplan.
They have all the infrastructure.
Think about it.... Cannabis Spagetti Noodles.
Personally.... I LOVE IT
I've not seen proof of that, only conjecture.
They are in the Food Products
From what I've seen, Pedder is only in the vaporware business.
Why would not show up~ They are in the Food Products
Why would RFBC show up at Costco? What does RFBC have to sell to anyone, much less Costco?
There was a name change promised, where is it? Maybe the name can't be changed while the corporation is in DEFAULT?
The next generation blockchain food traceability and control application is key in establishing reliable provenance and preventing fraud and counterfeiting. Romana's blockchain will include information on conditions at the production facilities, tracking of food items, and volumes in the supply chain, to name a few features.
The Food Traceability and Control market is said to grow to $16 Billion by 2022
Take time ~ will come
What happened to the promised name change?
Ya, that's my point. Thanks for stating the obvious.
Either way ~ follow the $
Yes lots of bad due diligence on this one from people who don't know how to put the pieces together and read a balance sheet.
That being said here, intrigue is high: volume says that either the deal is resurrected and close to completion, or the company is pursuing a new acquisition.
Either way... follow the $
Didn't mean to make that a reply. Apologies.
Romana Food Brands Corp Announces Cancellation of Acquisition of Pasta Romana
PR dated 10/24/2018. Older filings from March claim Romana's revenue and profits which were never RFBC's to claim.
Due Diligence required here...
Michelis Egidio SNC di Michelis C.M.M. ("Micheli~ was founded in 1919 and specializes in the production of fresh, dried and frozen pasta, baked goods and a line of dessertss")~ Michelis supplies numerous restaurants and vendors, including the distinguished global Eataly Italian marketplace; an establishment comprised of a variety of restaurants, bakeries, retail merchandise vendors and cooking schools ~ Eataly delivers to the most discerning palates for fine Italian cuisine from New York to Tokyo, and will soon be opening in Toronto
$RFBC: 2018 Revenues of $9.5Million with 9Million OS
Read this Document Carefully before asking Stupid Questions.........
11430 Boul Albert-Hudon, Montréal, Québec, Canada H1G 3J8
OAKVILLE, ON, Jan. 16, 2018
With A Distinctive "Made in Italy" Savory Signature, Michelis Brings Romana Quality, Authenticity, and Annual Revenues in the Range of 19 Million Dollars
OAKVILLE, ON, Jan. 16, 2018 /PRNewswire/ - Romana Food Brands Corp. (OTC Markets: RFBC) announced today the signing of a binding letter of intent to acquire the northern Italian based specialty artisanal producer Michelis Egidio SNC di Michelis C.M.M. ("Michelis"). This strategic acquisition will add $19 million USD in Annual Revenue to the corporation.
Romana will acquire 100% of Michelis, which was founded in 1919 and specializes in the production of fresh, dried and frozen pasta, baked goods and a line of desserts. According to the letter of intent, the company will proceed with a formal due-diligence, and expects to sign a definitive agreement within the next month and close the acquisition on or before April 30, 2018.
Michelis supplies numerous restaurants and vendors, including the distinguished global Eataly Italian marketplace; an establishment comprised of a variety of restaurants, bakeries, retail merchandise vendors and cooking schools. Eataly delivers to the most discerning palates for fine Italian cuisine from New York to Tokyo, and will soon be opening in Toronto.
"The integration of Michelis branded products within our distribution channels makes this a perfect match" said Morrie Fogelbaum, Chairman of Romana. "Our objective of becoming the new Italian food leader is becoming a reality thanks to our Mergers and Acquisitions strategy bringing one acquisition and integration at a time. This brings us a step closer to our target of achieving $100 million in Revenue for 2018".
The company is developing new technology to create the next generation of food traceability and control to be equipped for the ever-growing risks associated with health matters and the protection of brand trademarks. This technology is being created in partnership with leading experts and will yield significant returns to shareholders of Romana Food Brands Corp.
About Romana Food Brands Corp.
Romana Food Brands Corp is an emerging leader in the authentic Italian Food sector.
SOURCE Romana Food Brands Corp