Arvana Inc. (AVNI)

[NobleRoman]

Diary Updates last 3 months:

Signs of life:

https://www.otcmarkets.com/filing/html?id=14165601&guid=Q77FUHAvCT9H5th


1. No transfer agent. 1M shares under "Security Details" at OTC is incorrect. The outstanding shares count went to 2M shares in latest 10Q.

The increase can be attributed to the following:
During the three months ended March 31, 2020, the Company issued 971,040 shares of its common stock valued at $0.10 a share to settle $60,000 in loans and $37,104 in interest (Note 3). During the year ended December 31, 2019, the Company had issued nil shares.
That means someone was paid "worthless" shares in order to move forward. More alignment of interests to me.

2. Management continues to pursue financing from CaiE to maintain operations while a determination of the likelihood of concluding a transaction based on the MOU remains uncertain.

The company also received another $25,000 last quarter as noted here:
Cash flow provided by financing activities for the three-months ended March 31, 2020, was $25,000 as compared to $5,600 for the three-months ended March 31, 2019. Cash flows provided from financing activities over the comparative three-month periods are attributed to loans from CaiE.
Caie continues to throw money into this but refuses to give birth. Incredibly frustrating. Yet, bleeding is punishment for the delays in my eyes. Fines.

BTW, Caie. Since the time you started trying to emerge, HLIX started AFTER you. And they have already grown to $20M yearly revenue in that time. If you call them, maybe they will help you come out for a smaller fine than $25,000.

3. We will require a minimum of $50,000 in funding over the next 12 months to maintain operations and to complete a definitive transaction with CaiE. We anticipate that required funding in the near term will be in the form of debt financing from CaiE.

And yet Caie continues to drag their feet. Chop, chop! Move!!!!

4. Should the Company not reach a definitive agreement with CaiE, it will seek to identify an alternative business opportunity for which purpose it will require a minimum of $25,000 in funding over the next 12 months to maintain operations. Should an alternative business opportunity be identified, we will need additional funding to complete an alternative transaction. We anticipate that required prospective funding in this instance will be in the form of unsecured debt or equity financing from stockholders and third parties. Despite our confidence that funding will become available for an alternative business opportunity, we do not have such alternative financing arranged

In other words, get your #$@% together, Caie! Move things along!

5. Since entering into an MOU with CaiE, the Company has secured a series of loans from CaiE in the aggregate amount of $169,610. Despite CaiE’s determination to assist us until such time as we close a definitive transaction as intended by the MOU, we have no future commitments or arrangements in place to move forward.

And make Caie lose it ALL! Fire these people if they don't get their act together. Quit playing with them, Arvana. Give an ultimatum and stick to it. Treat them as a tenant. Pay or get evicted. And find a quality person that can execute. NO EXCUSES!