Replies to post #6216 on Yuengling's Ice Cream Corp (YCRM)

[TooFrank]

Feb. 28, 2019

As a result of the transaction and recent corporate actions, the current Aureus Authorized Share count is 510,000,00 (Five Hundred Ten Million). Aureus, post transaction will have 323,750,000 (Three Hundred Twenty Three Million Seven Hundred Fifty Thousand ) shares of common stock Issued and Outstanding with a Restricted Share count of approximately 253,750,000 (Two Hundred Fifty Three Million Seven Hundred Fifty Thousand ), an Unrestricted Share count of 70,000,000 (Seventy Million) and a Free Trading Float of approximately 50,000,000 (Fifty Million).

https://www.otcmarkets.com/stock/ARSN/news/Aureus-Inc-closes-acquisition-of-YIC---Online-Distributors-LLC-and-provides-a-corporate-update?id=219848

05/03/2019
Outstanding Shares 82,050,000
Restricted 0
Unrestricted 82,050,000

[NextGenCapCG]

I agree about the language of "all previous LOIs are void." But that wouldn't affect the YIC Distribution portion of the transaction, based on the news article which stated that transaction was closed (sometime in late february I believe). Thus, the LOI in that transaction is not valid anyway, the only agreement that matters is the fully executed purchase agreement. From that standpoint, there is no unwinding the YIC transaction unless the agreement provides some way to do that (not likely without major costs or litigation). So unless they released news of closing prematurely (which they would need to clarify to investors that such transaction actually did not close), I think it can be confidently said that YIC Distributors is owned by ARSN. Even check the "About ARSN" section in all of their news articles. After the closing news, the about us went from being extremely generic to highlighting its focus on ice cream and rights to acquire additional Yuengling assets on top of the ones they already own.

Now, with respect to the 33% of Yuengling Ice Cream that YIC owns, unless that 33% was somehow carved out, then ARSN would also own that via its 100% ownership in YIC. Thus, ARSN, via YIC's stake in Yuengling Ice Cream, would still be entitled to a portion of whatever Yuengling's revenue is each year. This is in addition to any revenue generated as the online distributor of the Ice Cream.

Any voided LOI's seems to me to only affect negotiations to acquire the remaining 67% of Yuengling. And in all honesty.... why is owning 100% of Yuengling in our best interest. I trust David Yuengling and the CFO to run Yuengling more than I trust ED. Although they haven't taken the ice cream global, they have built a solid foundation. By keeping ownership of the main valuable asset (i.e. Yuengling Ice Cream Mfg.), it prevents ED from fucking up the name and value, while still incentivizing him to grow the value via online sales and distribution. Sure it'd be cool to have the full asset, but that doesn't solve all our problems and even creates some. So long as there is no dilution, and Yuenling's or YIC continues to grow the reach of the ice cream, ARSN will profit. Also, without acquiring the additional 67% we also won't see such extreme dilution I don't think. So long as Yuengling Ice Cream remains selling, ARSN makes money without having to occur any substantial costs. To the extent Yuengling is making money on sales that YIC Dist. creates, ARSN gets paid twice...