Replies to post #39655 on Romana Food Brands Corp (RFBC)

[Welsh_Dragon]

I also watched it all day expecting a drop. Closed very strong so I slapped the ask also just following the money here. Is there a merger / buyout completion expected? Check out the last Q from May 31 2018:

https://backend.otcmarkets.com/otcapi/company/financial-report/189164/content

Maybe the resurrected Pasta Romana deal is going to through soon? Seemed like the snag was just some bank loan transfer issue which was a temporary thing. RFBC traded up to $0.90 in January 2018 based on the deal..

10-24-2018 Romana Food Brands Corp Announces Cancellation of Acquisition of Pasta Romana

https://www.newswire.ca/news-releases/romana-food-brands-corp-announces-cancellation-of-acquisition-of-pasta-romana-698426522.html

"The shareholders of 9886753 Canada Inc. advised the Issuer that its financial institution did not permit, while its loan was outstanding, that these majority shareholders transfer their shares to a third party, namely the Issuer. At the signing of the acquisition agreement, neither the Issuer nor the shareholders of 9886753 Canada Inc. were aware of any restrictions as to the transfer of shares from the shareholders of 9886753 Canada Inc."

"The Issuer assures its shareholders that it shall pursue its business in the food industry and shall continue in the procedures to acquire Michelis Foods based in Italy."