Thursday, September 05, 2019 1:56:26 AM
Here is the April PR for when we acquired kushAmerica and the new management team:
https://www.businesswire.com/news/home/20190417005112/en/CAVU-Resources-Announces-Acquisition-kushAmerica
Prior to the April acquisition the company was pretty much a dormant shell not doing anything.
The trading float was 440M and total outstanding shares was 525M.
Today, our float is still 440M and our new total outstanding is around 1.2B. (Increase due primarily to the kushAmerica acquisition). At the time of the acquisition the old management had no cash so they issued 500M restricted shares for the acquisition. New CEO received 300M and new COO received 60M.
All newly issued shares are restricted and will remain so until August 2020, at the earliest (12 months from date of issue)
The old management are now out of the picture. A great thing they did before they left was they converted all old debt into restricted shares at $0.015/share.
Between the old CEO and CFO they were issued a combined ~45 million restricted shares in exchange for reducing company debt by almost $700,000.
Their agreement to convert at $0.015 while the stock price was around $0.005 was meant to be a show of confidence in the new company direction and management.
https://cavuresource.com/management/- our new management team
Our CEO is the visionary who is constantly flying around the country meeting with potential investors, influencers, and celebrities. He already had deep ties with the NASCAR/ NFL/ music industry and in the near future I believe we will start to see those ties benefitting CAVR in very big ways. (Ed Dickson, Seattle Seahawks TE was mentioned in CAVR’s latest press release)
Our COO Robert is the one who has been cleaning up the company and getting all paperwork and filings sorted with OTCMarkets and FINRA.
He has extensive management experience and previous COO experience as well. His website/bio/more info can be found here:
robertdemes.com
In less than 5 weeks, there will be a launch party in Eugene Oregon for SoKu, the company’s proprietary gamified “chill” app.
https://www.globenewswire.com/news-release/2019/08/15/1902571/0/en/CAVU-Resources-Inc-is-Pleased-to-Announce-the-Official-SoKu-Beta-Launch-Registration-Portal-www-chatconnectchill-com-and-Selection-of-Eugene-Oregon-for-the-Official-SoKu-Launch-Oct.html
www.chatconnectchill.com
SoKu is just the first of the company’s projects to launch
More on SoKu, MediKu, kushAmerica, and how they will synergize here: https://cavuresource.com/about/
Why is CAVR a great investment and what’s so exciting about the company?
Our new management team are seasoned, hard working, and transparent people. They also have some serious skin in the game (restricted common shares) so seeing the company succeed and the share price rise is in their best interests. Our float is going to stay the same (440M) until August 2020 at the earliest. Any newly issued shares are restricted for a year so that means you won’t be seeing dilution anytime soon. There are many shareholders holding their shares tight and when you subtract their shares from 440M, I believe our actual float is significantly lower, potentially less than 150M.
As of right now, the company’s top priority is having a successful launch of their first product to market, SoKu. The goal is to have SoKu become the go-to app for Cannabis users to chill and chat/connect/meet with other Cannabis users. The goal is to have hundreds of thousands/millions of daily active users. The Data the company collects will be extremely valuable to Cannabis companies and will in turn generate great revenue in addition to the revenue SoKu collects from in-app purchases.
The above goal is exciting, but the WOW factor for CAVR is going to come from the celebrities involved
This is the CAVR management team: https://cavuresource.com/management/
Both our CEO and Director of Entertainment have strong ties to the hip-hop industry. There WILL be future PRs with some high profile, household names. Partnerships, endorsements, collaborations, investments are all fair game and each time one of these deals finalizes and hits the wires, CAVR will be explosive. How many other pink sheet stocks are having launch parties where you can actually go in person, get a drink, and mingle with celebrities? That’s what’s coming up on October 5th in Oregon, and it definitely won’t stop there. After the Oregon market launch the California market launch will likely come soon after. And the California market is even bigger.
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