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09/13/17 7:20 PM

#94701 RE: deer22 #94700

Yeah, I thnk it fell through. But it's the \WAY it was rescinded that irks me.

I posted this before:

But the deal was later RETROACTIVELY rescinded. WTH? :-(

https://www.otcmarkets.com/financialReportViewer?symbol=CHIF&id=177741

http://imgur.com/a/reJRv#hYQJpDX

On 16 February 2017 the Company acquired Red Mansion LLC, whose primary asset is Naomi Village Resort located in the state of Pennsylvania. The Company acquired Red mansion LLC from Jane Zheng [JT's wife] who is also an officer and director of the Company.

The acquisition of Red Mansion LLC was rescinded on 8 August 2017. The recession was made effective as of 16 February 2017.


Note the dates. Red Mansion LLC was acquired by CHIF on 16 February 2017. The deal was rescinded on 8 August 2017 but made effective 16 February, the same date as it was acquired! WTF? Oh, and remember, Naomi Village Resort was, supposedly, sold at bank auction on May 24 "pursuant to a judgment in the amount of $1,847,727.25 plus interest and costs through date of the sale...". So perhaps that has something do with all this acquisition, rescinded, etc. stuff?

So he rescinded a deal going back SIX MONTHS as if the deal never took place and the SIX MONTHS meant nothing. Well, except to those reading the PR of March 13 which said:

http://www.marketwired.com/press-release/nsav-announces-launch-of-medical-cannabis-technology-business-2202416.htm

The new company will be headquartered out of Naomi Village Resort, a sprawling 30 acre resort and spa, located in the world renowned Poconos region of Pennsylvania. Naomi Village Resort is owned and operated by NSAV affiliate, China Food and Beverage Company (OTC: CHIF). CHIF has already announced the intention to convert Naomi Village Resort into a medical cannabis wellness center, dispensary and in time, a medical cannabis testing laboratory and cultivation operation.

NSAV also announced that it will continue to be an SEC fully reporting company. The Company believes it can be current on its SEC filings within the next 30 days, depending on the schedules of the auditors and attorneys.


Oh well...

$NSAV :-(