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Thursday, February 14, 2019 1:53:02 PM
Before February's end, ALL flavors will be re-stocked and available on Goldbelly.
As the PR today states, Aureus is acquiring 100% of YIC - Online. Included in the purchase is our 33% stake in the Yuengling's Ice Cream Corporation which we accumulated through a series of investments. As the previous PR stated, Aureus had entered into a separate, binding LOI with Yuengling's Ice Cream Corporation. The combination of the two stakes would give Aureus a 66% interest in Yuengling's Ice Cream.
Shares issued YIC - Online and or Yuengling's Ice Cream via the respective agreements will be, obviously, restricted shares.
The closest public comp seems to be Night Foods, symbol: NGTF. Night trades with a market cap @ $24,000,000 and, on a trailing 12 month basis, they generated just under $200,000 in revenue. The EPS loss for the trailing 12 months was @ $5,200,000, according to the posted audit.
We look forward to the release of our fundamentals for comparative purposes.
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