Sunday, October 30, 2022 11:27:47 AM
3 PRs and Contradictory information:
THIRD PR:
We are further pleased to announce that Arvana has closed a previously disclosed non-brokered private placement offering of common shares pursuant to which it issued 1,800,000 shares at a price of $0.20 for aggregate gross proceeds of $360,000
https://seekingalpha.com/pr/18992324-arvana-inc-update-on-business-development-strategy-and-closing-of-private-equity-placement
But the FIRST PR says this:
Arvana (AVNI) to Offer 5,000,000 Common Shares at $0.20 a Share as First Stage Funding for Its New Business Model Focused on the Acquisition of Undervalued Commercial Real Estate for Redevelopment Across North America
https://seekingalpha.com/pr/18802209-arvana-inc-announces-business-development-strategy-and-private-equity-placement
So it's closed and no second tranche forthcoming if this is taken at face value, that means we fell short of our goal by $650,000, right?
The SECOND PR says they will introduce a brokerage division but *keep* the original plan of repurposing commercial properties.
The venture into energy brokerage services is intended to compliment Arvana’s previously announced efforts to acquire and redevelop undervalued commercial properties to be repurposed for specific targeted industries.
https://seekingalpha.com/pr/18891568-arvana-inc-announces-business-development-strategy-and-division
But the THIRD PR above says:
Arvana intends to use the net proceeds for general corporate purposes and to build an energy brokerage division.
So does that mean the plan of the first PR has been scrapped, and only the second PR's new business brokerage plan is on the table now? Including being $650,000 short? After spending a lot more time than the FIRST PR alluded to:
The private placement is expected to close within the next sixty (60) days subject
That's very confusing. And our website here is very amateurish and doesn't even have the third PR yet:
http://www.arvana.us/investing/
I hope this company isn't expecting me to blow sunshine up its ass and put a positive spin on this just because I'm invested heavily. To the contrary, they constantly disappointment. No marketing firms. No IR. It's a very crappy show, to put it bluntly. Please get your act together guys, and soon.
And the first PR on their website has a misprint. Every other source says .20, but their own websites PR says, "ARVANA TO OFFER 5,000,000 COMMON SHARES AT $0.02 A" -- An obvious misprint to my eyes. Fix it!
FIX EVERYTHING. Make videos. Come through with your promises. Get a plan and stick to it, and explain it clearly. Create a professional website that shows your business face. Make it informative and exciting.
THIS IS A BORING SHOW, GUYS.
Recent AVNI News
- Form 4/A - Statement of changes in beneficial ownership of securities: [Amend] • Edgar (US Regulatory) • 05/15/2024 02:38:14 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/09/2024 09:22:06 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/07/2024 04:47:52 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/26/2024 07:41:12 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/21/2024 10:18:44 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/15/2024 03:28:19 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/15/2024 03:27:18 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:24:46 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/14/2024 08:01:17 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 08:58:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/17/2023 07:38:36 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 07:59:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/07/2023 09:17:09 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/29/2023 05:02:13 PM
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