Arvana Inc. (AVNI)

[NobleRoman]

10Q was released:

Some clarity.

https://seekingalpha.com/filing/5800106

On October 26, 2021, the Company entered into a recission agreement and mutual release with the owner of the intended acquisition due to being unable to agree on the structure of the prospective transaction.


During that time, the company was busy diluting shareholders. Valuing the stock a far below $1.00 as I read it:

On July 23, 2021, loans payable to stockholders of $480,960, and $74,762, respectively, loans payable to a related party of $130,947, accrued interest of $361,283 on loans payable to stockholders, and accrued interest of $89,124 on loans payable to a related party were settled by the issuance of 21,127,123 common shares pursuant to three debt settlement agreements dated April 1, 2021, and five debt settlement agreements dated June 30, 2021.



On July 23, 2021, accounts payable and accrued liabilities of $262,056 were settled by the issuance of 6,551,392 common shares pursuant to two debt settlement agreements dated June 30, 2021.

So they have no liquidity and I guess they wanted to dump. So, poetic justice for them. I guess Alki David backfired on them. That's a lot of issuance and a big chunk away from Alki David. He might have had a temper tantrum and a legitimate argument here. He might have been asking, why are you getting millions of shares for a debt that's barely 6 digits in size???? Why am I going to pay for that through such heavy dilution?

Well, all I can say is if I don't get paid, NOBODY gets paid. Watch your back with these guys. That is an awful lot of shares to settle debts like that. Which valued a $2.00 stock at 10 cents. That's almost highway robbery in my eyes. Don't trust anybody around here.

Due to a disgreement over the structure of the intended transaction, the Company entered into a recission agreement and mutual release with Mr. David on October 26, 2021. The agreement to abandon the intentions of the term sheet included Mr. David’s revocation of the proxies granted to him, which action returned control of the Company to our controlling stockholder, and led to the resignation of two of our directors.


So they ended up taking a huge loss on these debt settlements and rightly so. Self inflicted gunshot to the head as I see it. Before Alki came, we had an excellent low OS. Now it's sky high. Hopefully restricted but not sure how long. I interpret that as overzealous greed that came back to bite them all. But that's just my interpretation to my understanding.


So basically, they erased all debts except for a miniscule amount left of current liabilities, and out of cash. And need cash just to keep the lights on. Maybe just one bulb.

For the nine-month period ended September 30, 2021, the Company recognized a net loss and realized a working capital deficiency, which deficiency raises substantial doubt about its ability to continue as a going concern. The Company will continue to require financial support from stockholders and creditors until able to generate its own cash flow from operations.

Good1 So, you guys may want to sell at market. These are wolves that were ready to dump, as I read the cards. Now they are my hostages. They don't get paid unless they put up more cash and find somebody interested in using this shell company as a means to go public. They might want think about not being so greedy next time.

I'll stick around and kick them at 10 cents. As fair retribution. They don't deserve more than 10 cents for their share since that's how they valued your money when you were at $2.00 as I see it. So, let's bring them down to 10 cents shall we?

The only thing good from this story is that they weren't able to profit *to my understanding*. I don't think enough shares traded, and Alki f#$#@ked them all over! Which I like to see after that extreme dilution for those debts. They don't deserve a penny just because they've been working hard and not producing, watching Caie Foods jack around for years. They should forfeit 90% of their shares and get an ethics class and start over from scratch.

Try again, guys! And get somebody with class. I have forever! I have no bosses or time constraints, so get your acts together!