Replies to post #13604 on Yuengling's Ice Cream Corp (YCRM)

[QTRADERQ]

YUMI ICE CREAM DALLAS TX? 8K LOI/PR THIS-WEEK

From the ARSN 9/24 PR

We are engaged with deeply resourced investment bankers to bring in equity capital for additional acquisitions that are in the works.

http://www.aureusnow.com/news-releases/

Yesterday's tweet mentioned they signed an agreement with an investment bank which enables them to CLOSE upcoming acquisition(s).

This week we signed another agreement to strengthen our investment banking team, which enables us to close coming acquisition(s).

https://twitter.com/AureusNow/status/1187798357709934593

This tweet was to assure investors they would be able to CLOSE the acquisitions which is part of managements pledge for transparency and open communications to investors.

Another tweet mentioned the State of Texas.

To the guys in Texas....I hope you enjoy all of the delicious flavors, glad you are in the Yuengling's family now.

https://twitter.com/AureusNow/status/1187818453249462275

FROM 9/24 PR
"The new focus is on acquiring specific assets in and related to the food industry, with a focus on ice cream".

IF ARSN is looking to acquire a food & ice cream DISTRIBUTOR in the TEXAS area. Then, it would make sense they are in negotiations, or have signed a LOI with YUMI ICE CREAM who distributes food & ice cream in the TEXAS area only.

YUMI ICE CREAM service area. Sells in TEXAS only. https://yumiicecream.com/?page_id=1716

YUMI'S estimated REV's according to Owler are $28.4M and has 129 employees. At a 0.37x NYU sales multiple for food wholesalers that would increase the stock price by $0.07.
https://www.owler.com/company/yumiicecream (scroll down for REVS)

http://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/psdata.html

JMO