Arvana Inc. (AVNI)

[NobleRoman]

Our 10K is out today:

https://www.otcmarkets.com/filing/html?id=14863532&guid=CRopUKubDWNIa3h

These are basically knowns:

1. On November 11, 2020, the Company notified CaiE that it was no longer interested in acquiring its business given the delays in obtaining its audited financial statements.

2. The Company is in the process of evaluating business opportunities and has minimal operating expenses.

3. On April 1, 2021, the Company entered into a credit agreement with one of its stockholders to secure funds to maintain operations. A loan of $10,360 was received pursuant to this agreement on April 7, 2021, and a credit note in even amount was provided to the lender.

4. On April 1, 2021, convertible promissory notes issued by the Company to CaiE Foods in exchange for the aggregate principal amount of $107,800 were in default given that amounts due were not paid or converted into equity, at the option of CaiE Foods, on maturity. The Company intends to settle all amounts due to CaiE Foods as part of a comprehensive settlement.