Nice find. I’m wondering what happened with Trava too. In a previous 8k we knew the farm was being pledged to one of the lenders, but they weren’t named. I’m a little surprised to hear it was Trava that had the option on the farm though, I’m ssuming that option is gone now, but who knows. Everything looks good on Shi Farms Facebook and Instagram, they just got another pivot working, so I’m not sure what’s going on, maybe they can share the space. The last line makes me think Trava has a lot of shares left to sell if Notis is worried about them going above the 4.9% ownership limit.
Aeon will do well with their “royalties/investment,” until they get back their $1 million, they receive 50% of the gross sales of the farm. After they’re paid back, up to $10,000,000, they receive 20% of gross sales of the 2018-2019 crop, after that it drops to 10% of the 2018-2019 crop. Everything is based on the 2018-2019 crop for whatever reason. Aeon has until 5/31 to advance the other $500,000.
Aeon will also receive $100,000 worth of stock, at $.0001-.0002, that’s 1 BILLION to 500 million shares. As soon as the filing drops, watch out for these shares.
Still well shy of the $3 million Notis needs to cover the balloon payment in August, so there may be more news soon. Would be nice if Notis was up to date on its filings so people know what’s going on here, even this 8K is over a month late.
Will Aeon take over the farm?????
