Lucky_Luciano
1年前
AVNI is sued for Alleged Fraud:
https://www.morningstar.com/news/accesswire/1024139msn/investor-alert-prominent-bc-auctioneer-gun-rights-advocate-and-right-wing-commentator-brian-lovig-along-with-his-children-face-multi-million-dollar-fraud-lawsuit-in-nevada
This doesn't surprise me at all and I'm glad I'm left. Do you still hold some shares here? The only comforting thing here is that Altaf Nazerali is was defrauded. I was under the impression that he's the one that threw us under the bus. Although, that may have been his intent for selling his shares at such a low price. Maybe Karma came to visit him for doing that to us. I can't believe as smart as he is, he could be scammed by Brian Lovig.
"The lawsuit, filed in Nevada by Vancouver-based investor Altaf Nazerali (www.alynazerali.com) and a group of international plaintiffs, targets the Lovig-controlled Bondock LLC, a company registered in the U.S. and its Canadian affiliate, Bondock Ltd."
There is no transparency at all with anything he is affiliated with that I can find. That is all red flags. Plus, he's an extremist ideologue. That should always signal unhinged to anyone that is always trying to alienate others, as if they know everything. The more confident they talk, the more wary you should be. I hope Altaf prevails and somehow takes back control. I was supportive of him on the record here as he seized control. Kick Caie Foods to the curb, only to do this to us with somebody far worse and abusive. Just amazing incompetence! A good shell that deserves a good company.
Nobody made any money here either. Except for me to *my understanding*, but I was just small peanuts. There has never been any liquidity for anyone to cash out from my vantage point. And it's the worse scam of all time. They just sit there and do nothing, with the most boring website ever. All over the map with PRs that never come to fruition. Or the worst businessmen of all time that can't do anything. Just pick your thesis there. The end result is the same. They can't seem to make up their minds about who they want to be. It's like a look inside the frazzled mind of Brian Lovig. Get that cancer out of here, scam artist or not.
Altaf, you should be ashamed of yourself for doing this to us! Did you try to screw us over and then it came back and bit you? Your fiduciary duty was to make all of us money, not just yourself. Everybody is a disappointment here!
-------------------------FULL ARTICLE FOR PROPSERITY IF LINK BREAKS----------
VANCOUVER, BC / ACCESS Newswire / May 8, 2025 / Brian Lovig, a prominent British Columbia-based auctioneer, gun-rights advocate, and right-wing political commentator, along with his children, is facing a lawsuit from a group of international investors who claim the family conspired to defraud them.
The lawsuit, filed in Nevada by Vancouver-based investor Altaf Nazerali (www.alynazerali.com) and a group of international plaintiffs, targets the Lovig-controlled Bondock LLC, a company registered in the U.S. and its Canadian affiliate, Bondock Ltd.
The plaintiffs allege that Lovig and his children-Kerri Ann Hulet, Christy Lovig, Landon Lovig, Lane Lovig, and Reagan Lovig-engaged in fraud, breach of contract, and deceptive financial practices.
At the heart of the lawsuit is a 2022 agreement in which the plaintiffs transferred 31.1 million shares of Arvana Inc. shares to Bondock LLC in exchange for a US$2 million payment due by May 9, 2024.
Prior to the agreement, Arvana, a publicly listed company (AVNI), was controlled by Nazerali and his partners.
The lawsuit claims that Lovig and his affiliated entities never made the payment, even after the stock's value ballooned following a 3-to-1 forward split in April 2023, increasing the number of shares transferred to 93.3 million.
At Arvana's $0.40 per share market value on the date the suit was filed, this raised the total worth to over $37.3 million, for Lovig, his family and associates while the promised payment to Nazerali and his partners remained unresolved.
When the plaintiffs attempted to inspect Bondock's financial records, an action permitted under the agreement, they were allegedly met with evasive responses, according to the filing.
In one conversation, Lovig reportedly admitted that Bondock LLC was "just a shell company," despite its public claims of operating a cryptocurrency exchange and investing in precious metals, the court documents allege.
Additionally, the complaint highlights a series of press releases issued by Arvana Inc., announcing the acquisition of PintoCity Inc. - another Lovig-controlled company-as well as new AI-driven real estate ventures.
PintoCity's business model is to acquire and manage vacant shopping centers and big box stores throughout the United States, according to the company's website. The properties are to be repurposed as entertainment and themed centers with a revenue generating strategy in place.
The plaintiffs in the Nevada lawsuit argue that these moves were orchestrated to inflate Arvana's stock value while delaying payment obligations, agreed upon in 2022.
Nazerali and his partners have asked the court to impose a constructive trust on the transferred shares, alleging a fraudulent transfer designed to shield assets from collection They are also pursuing punitive damages for fraudulent misrepresentation and seeking an injunction to prevent further asset transfers.
The lawsuit claims that Lovig's children knowingly accepted fraudulently transferred assets and should be held liable for aiding and abetting the scheme.
"The entire operation was designed to enrich Lovig and his associates while keeping creditors at bay," the plaintiffs assert.
"This case is about holding accountable those who deceive investors under the guise of legitimate business dealings, states the lawsuit filed by the Las Vegas-based Jimmerson law firm.
None of the allegations against the defendants have been proven in court.
Brian Lovig and his family developed and operate the Lovig Auction Group, which according to its website claims to have "built our reputation from the sale of equipment, farms, livestock, and more than $1 billion of real estate by public auction."
He is also an avid gun rights advocate and host of rightedition.com podcast, which is referred to as Lovig's "powerful sounding board for preaching the strengths and virtues of capitalism while exploiting the nonsensical values of the left."
Lovig's deceptive practices, alleged in this lawsuit mirrors another case where the well-known Capozzi brothers of Kelowna, B.C. sued him in the B.C. Supreme Court and won a judgment totalling over $1 million.
In a December 2001 judgement, Madam Justice Stromberg-Stein ruled " I reject the evidence of Brian Lovig where his evidence is inconsistent. Not only was his evidence unreliable, it was inconsistent with the evidence of the other witnesses in material respects and was internally inconsistent as well. I found him to be evasive and less than candid for the most part. His memory was poor and selective, and he often appeared to make things up as he went along."
COURT FILING :
CASE NO: A-25-913366-C
Eight Judicial District Court
Clark County, Nevada
MEDIA INQUIRIES:
Fabian@fabiandawson.com
SOURCE: Altaf Nazerali
------------------------------------------------
Plus, look at this asshole PR that AVNI makes.
https://www.wjhl.com/business/press-releases/accesswire/1004547/arvana-announces-pintocity-sponsorship-of-range-day-at-freedom-fest/
"The Trump 45 pistol will be at Freedom Fest Range Day to shoot, courtesy of Brian Lovig, PintoCity CEO."
What a dumba$$. The eternally non-transparent Pinto City. No information to be found anywhere on that except for some stupid a$$ website that is boring as hell like AVNI's. That didn't throw up red flags to you, Altaf??? And what kind of idiot is proud to be associated with Trump? Trump himself is a conman.
Lucky_Luciano
3年前
I'm sorry it's such a Chit Show here. I wanted either smart criminals or smart entrepreneurs. At least they are losing everything on the surface too, Except for Mr. N. that sold us down the river to these idiots. I can't sugarcoat it. But, I remain hopeful that our stupid boat that we paid $1M for and can't pull in more than $20,000 in revenue for a quarter after raising only $300,000 is somehow a plan. The idiot in charge seems to have loaned the company $30,000 out of his own pocket since they are out of cash. Which implies, he might have a plan. But at the same time, he did buy a stupid boat for $1M.
I'm so angry I can't see straight, so I sold some. That was me selling, but I wasn't the first one. I should have taken the 50 cents, but somebody beat me to it a few days prior. I want over $1. It's not that hard. Hire stock promoters, buy something interesting. Not a stupid gold mine which is boring and where scam artists like to congregate. Do the Middle East Brokerage Division and talk it up and talk about projections worth billions. Is that so hard? Isn't that common sense?
08/18/23 Sold 24900 of AVNI @ $0.17 (Order #2228) Unassigned 4,229.35
08/18/23 Sold 100 of AVNI @ $0.1933 (Order #2228) Unassigned 14.36
08/18/23 Sold 5000 of AVNI @ $0.1666 (Order #2223) Unassigned 827.44
08/18/23 Sold 5000 of AVNI @ $0.15 (Order #2222) Unassigned 744.31
08/18/23 Sold 2500 of AVNI @ $0.1502 (Order #2221) Unassigned 375.13
08/18/23 Sold 1500 of AVNI @ $0.177 (Order #2221) Unassigned 265.27
08/18/23 Sold 2500 of AVNI @ $0.1669 (Order #2221) Unassigned 411.93
08/03/23 Sold 2500 of AVNI @ $0.425 (Order #2208) Unassigned 1,057.18
08/03/23 Sold 5000 of AVNI @ $0.3502 (Order #2207) Unassigned 1,745.30
08/03/23 Sold 3000 of AVNI @ $0.45 (Order #2207) Unassigned 1,349.54
I'm done with my selling. At least they were free, so I took $11,000. But I'm still furious with 60,000 shares left. There seems to be buyers down low for some strange reason. I can only hope there is a mafia in teh backgroudn somewhere that has a plan. And I hope somebody cna make money from my shares. I'll keep the rest just to see what happens. Right now, it looks like they'll be insolvent soon. But I'll sleep well knowing nobody made money except Mr. N, was accused of some things in his past though they couldn' tbe proven. But looking at this stock, you have to wonder what kind of business man is he? What has he done for us? What is anybody doing for us?
I hope they hear me, because I'm giving them the middle finger for all of us. Get your act together, guys! Produce shareholder wealth by any means necessary. Start this show, assholes!
Lucky_Luciano
3年前
Not today. You are correct. I've only seen one other company this incompetent, and that's YBCN. Two duds. I can't explain this behavior. It looks retarded. They just filed late. All I see a stupid fishing boat that they paid $1M for, which can't even pull in $100,000 in annual revenue. And they can't even pay the note on it. They would be insolvent right now if they didnt' get a loan of $30K from themselves, so they have another month left at best. Maybe two then lights out. Unless they find some money quick.
They didn't do anything they said they would do. No Middle East energy project that they raised $300K for. No, instead they bought some stupid fishing boat. Then they tried to buy a gold mine with no resources. Then that got cancelled. I don't know see who won here? Except for Mr. N, what's his name, that sold the shell to this idiot running it. Now I wish Caie Foods was still trying to come out. At least they had a story to tell if they ever did. Not even the idiot loaning this company money is making money. Nobody is making money. The guy that sold his boat won't be able to get paid. He'll want his boat back soon I imagine .
They better hire a stock promoter or something soon. No PRs. No show. I hope at least there are some smart criminals somewhere doing something. Drug deals on our boat to Columbia? I don't know. I can only pray to God and hope that at least there are smart criminals somewhere and not retarded idiots I see on the surface.
Sorry. I've been biting my tongue for months now. It has finally boiled over to rage. I've vented and done. I'm just going to watch them go insolvent soon. No way they can afford to do another 10K in another 7 months or so. Just as those idiots as YBCN. I just want them to start a show . Or sell this shell to somebody competent. It should't be that hard. And this idiot will be bankrupt soon, so they may have no choice.
Not sure why they can't find some AI firm instead to do a reverse merger here. That would gain interest. Technically this is still just a shell comopany. The only justice is NOBODY is making money. Unless, again, they are running drugs on ths boat or something. Which I'm not saying they are. Just can't explain this idiocy. We should be over a $1 now if they hired a stock promoter with $300,000 instead of buying some stupid ass boat.
Lucky_Luciano
3年前
Are you a shareholder here, Limetime? And if so, did you make the cut off date of March 31 or whenever it was to qualify for the forward split?
My acct is still saying 38,619 shares. Those shares are free to me now, but they have not split yet. And the price obviously hasn't either. So, that's another dud of a PR so far. A lot of volume today though, which is interesting. At least a lot to what normally trades here.
I really wish they would get this show on the road. And make it about energy and not this fishing expedition. I hope I see something tomorrow. They said today and I thought this time they had it together. This is the kind of stuff that pisses me off. I'm biting my tongue right now.
The only good thing about all this waiting is that all but 3,000 of my shares are now more than one year old, putting me in a lower capital gains tax bracket. Come May 18th, 100% of my shares will be in the lower bracket. As slow as these guys move, I'm going to give that 99% chance of happening.
bobkubecka
3年前
Sounds good Def 14c today
https://www.otcmarkets.com/filing/html?id=16474272&guid=Gf4-kaH2vz5PB3h
To the Stockholders of Arvana Inc.:
Arvana Inc. is delivering this Notice of Stockholder Action by Written Consent with the accompanying Information Statement to inform its stockholders that on February 22, 2023, the holders of a majority of the votes entitled to be cast by all holders of Arvana common stock, on the recommendation of its Board of Directors, approved by written consent, in lieu of a stockholders meeting, to effect a three-for-one (3-1) forward-split of its outstanding shares of common stock (“Forward-Split”), and to approve the Arvana Inc. 2022 Stock Incentive Plan, to qualify same, and to ratify stock options or restricted stock awards granted thereunder, in addition to those that may be granted in the future (“Incentive Plan”).
The Forward Split and the Incentive Plan were approved by Arvana’s Board by unanimous written consent and recommended to our controlling stockholder for stockholder action by written consent, as permitted under the Nevada Revised Statutes (“NRS”), and Arvana’s Bylaws. NRS § 78.320 (2) directs that any action that may be taken at a meeting of stockholders may be taken without a meeting if written consent thereto is signed by stockholders holding at least a majority of the voting power. Article III § 13 of the Bylaws permits stockholder action by written consent in accordance with the NRS. The Forward-Split and the Incentive Plan have been approved by stockholder action pursuant to written consent as described hereto.
The Information Statement is being furnished to the holders of Arvana common stock pursuant to § 14(c) of the Securities Exchange Act of 1934, as amended (“Exchange Act”), the NRS and Arvana’s Bylaws, solely for the purpose of informing you of the Forward-Split, and the Incentive Plan, before same take effect. Rule 14(c)-2 of the Exchange Act mandates that these actions will not become effective until at least twenty (20) calendar days after the mailing of this Notice and the accompanying Information Statement to stockholders. Arvana intends to effect the Forward-Split and qualify the Incentive Plan in compliance with filing and notification requirements.
You have the right to receive this Notice and the accompanying Information Statement if you were an Arvana stockholder of record at the close of business on February 22, 2023.
By Order of the Board of Directors
/s/ Ruairidh Campbell
Ruairidh Campbell
Chief Executive Officer
March 8, 2023
bobkubecka
3年前
AVNI pre 14c
https://app.quotemedia.com/data/downloadFiling?webmasterId=90423&ref=117273703&type=HTML&symbol=AVNI&companyName=Arvana+Inc&formType=PRE+14C&formDescription=Other+preliminary+information+statements&dateFiled=2023-02-22&CK=1113313
Arvana Inc.
299 Main Street, 13th Floor
Salt Lake City, Utah 84111
NOTICE OF STOCKHOLDER ACTION BY WRITTEN CONSENT
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE ASKED NOT TO SEND US A PROXY
To the Stockholders of Arvana Inc.:
Arvana Inc. is delivering this Notice of Stockholder Action by Written Consent with the accompanying Information Statement to inform its stockholders that on February 22, 2023, the holders of a majority of the votes entitled to be cast by all holders of Arvana common stock, on the recommendation of its Board of Directors, approved by written consent, in lieu of a stockholders meeting, to effect a three-for-one (3-1) forward-split of its outstanding shares of common stock (“Forward-Split”), and to approve the Arvana Inc. 2022 Stock Incentive Plan, to qualify same, and to ratify stock options or restricted stock awards granted thereunder, in addition to those that may be granted in the future (“Incentive Plan”).
The Forward Split and the Incentive Plan were approved by Arvana’s Board by unanimous written consent and recommended to our controlling stockholder for stockholder action by written consent, as permitted under the Nevada Revised Statutes (“NRS”), and Arvana’s Bylaws. NRS § 78.320 (2) directs that any action that may be taken at a meeting of stockholders may be taken without a meeting if written consent thereto is signed by stockholders holding at least a majority of the voting power. Article III § 13 of the Bylaws permits stockholder action by written consent in accordance with the NRS. The Forward-Split and the Incentive Plan have been approved by stockholder action pursuant to written consent as described hereto.
The Information Statement is being furnished to the holders of Arvana common stock pursuant to § 14(c) of the Securities Exchange Act of 1934, as amended (“Exchange Act”), the NRS and Arvana’s Bylaws, solely for the purpose of informing you of the Forward-Split, and the Incentive Plan, before same take effect. Rule 14(c)-2 of the Exchange Act mandates that these actions will not become effective until at least twenty (20) calendar days after the mailing of this Notice and the accompanying Information Statement to stockholders. Arvana intends to effect the Forward-Split and qualify the Incentive Plan in compliance with filing and notification requirements.
You have the right to receive this Notice and the accompanying Information Statement if you were an Arvana stockholder of record at the close of business on February 22, 2023.
By Order of the Board of Directors
____________________________
Ruairidh Campbell
Chief Executive Officer
March [_], 2023
1
Image
Arvana Inc.
299 Main Street, 13th Floor
Salt Lake City, Utah 84111
INFORMATION STATEMENT
NO VOTE OR OTHER ACTION OF ARVANA STOCKHOLDERS IS REQUIRED IN CONNECTION WITH THIS INFORMATION STATEMENT
WE ARE NOT ASKING YOU FOR A PROXY AND YOU ARE ASKED NOT TO SEND US A PROXY
This Information Statement is first being furnished on or about March [_] 2023, to the holders of record of Arvana Inc. shares of common stock (“Arvana,” “we,” “us,” or “our,”) as of February 22, 2023 (“Record Date”), in connection with the approval of the matters described in this Information Statement pursuant to the written consent of the holders of a majority of its issued and outstanding voting shares.
On February 21, 2023, following due consideration, our Board of Directors (“Board”) approved a three-for-one (3-1) forward-split of Arvana’s outstanding shares of common stock to stockholders of record at the close of business on March 31, 2023, with no change in the number of shares of common stock authorized or to the par value of its common stock (“Forward-Split”), approved the Arvana Inc. 2022 Stock Incentive Plan to qualify same, and to ratify stock options or restricted stock awards granted thereunder, in addition to those that may be granted in the future (“Incentive Plan”), and recommended to its controlling stockholder that it approve these measures by written consent. We elected to seek written consent from the holder of a majority of our issued and outstanding voting shares as opposed to holding a special stockholder meeting, to reduce the costs associated with obtaining stockholder approval, and to implement the actions presented in a timely manner. On February 22, 2023, we received written consent from the controlling stockholder that holds a majority of Arvana’s outstanding voting shares, and those members of the Board that hold outstanding voting shares, as described in this Information Statement.
Since approval of corporate actions by written consent is sufficient under the Nevada Revised Statutes (“NRS”), and Arvana’s Bylaws, neither the Forward-Split nor the Incentive Plan will be submitted to a stockholders vote. Instead, this Information Statement is furnished to those stockholders who did not participate in the written consent, to provide them with certain information concerning the actions to be taken in accordance with the requirements of the Securities Exchange Act of 1934, as amended (“Exchange Act”), and the regulations promulgated under the Exchange Act, including Regulation 14(c). Rule 14(c)-2 of the Exchange Act mandates that the actions described herein will not be made effective until twenty (20) calendar days following the date on which this Information Statement is first mailed to our stockholders.
This Information Statement constitutes notice to Arvana’s stockholders of corporate measures taken by the Board, and those holders of a majority of the votes entitled to be cast by all holders of Arvana common stock, by written consent without a meeting of its stockholders, to approve the Forward-Split and the Incentive Plan.
Arvana will pay the costs of preparing and sending out the enclosed Notice and this Information Statement. We will require brokerage houses, nominees, custodians, fiduciaries, and other like parties to forward this information to the beneficial owners of our common stock held by them and will reimburse such persons for out-of-pocket expenses incurred in forwarding such materials.
1
Lucky_Luciano
4年前
I Hear You Knocking But You Can't Come In!
I saw the bid rise from .70 to .72 today. Then a 1,000 shares at .75 traded. And that's all you got, and it wasn't from me. See how nobody is selling to you? I told you had to jump up to the '80s. Did I stutter?
If this is your insulting counter-offer, I raise my offer to .98. For a pittance of 1,000 shares. Jack around some more and see me punish you again. And I'll answer your knocks, but I won't be offering anything . Do you understand who holds the cards here?
The insiders aren't selling to you. Do you see any chatter, which is a sure sign of weak hands? Always an exception to every rule, such as myself.
Perhaps you want in because the float is only 400,000 shares? Well, if that count is accurate at OTC, I have 19% of that float. Paper hands long left the building. Come back tomorrow with another stupid offer, and watch me slam the door your on your ass and raise you another .20. You know full well an action plan is unfolding here. Incompetent and amateurish, I know. But maybe they'll suprise and start acting professional soon. And hire professional markets. And talk up energy. An anti-inflationary cause.
They are smarter than me, so if I can see it, they must see it. So quit jacking around with your stupid offers. Understand?
Lucky_Luciano
4年前
No Second Tranche?
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.
Lucky_Luciano
4年前
63,619 Shares at avg cost of .167
We are on the same page, but I sold some. I have mixed feelings about it. :)
10/28/22 Sold 9366 of AVNI @ $0.50 (Order #2069) Unassigned 4,681.67
10/28/22 Sold 100 of AVNI @ $0.505 (Order #2069) Unassigned 45.53
10/28/22 Sold 225 of AVNI @ $0.73 (Order #2070) Unassigned 159.26
08/29/22 Sold 4000 of AVNI @ $0.25 (Order #2036) Unassigned 994.50
Strong price appreciation this week on low volume. The float feels tight, and OTC seems to confirm it, stating only around 400,000 freely tradable shares. Latest filing shows more buying from the big insider, and isn't liquid. This feels good.
So, whoever took my shares, you should be on your knees thanking me right now. And the fact that there is no chatter at Yahoo or here is also another bullish signal to me. It's always the quiet ones...
Looks like they are now focused on oil brokerage whatnot. They didn't mention the properties from the first PR, but said ready to proceed with second PR. Yet, second PR claims they would do both. They also didn't meet their goal of $1M, although they seem to imply they met a goal with $360,000. I guess they moved the goal post? I don't know. My sentiments are spot on with Noble's!
I don't feel like anybody is worthy of my shares below .80 now. So, you better jump higher than that. You got charity.
I would also highly encourage this company to talk more, make videos and noise and quit scampering around like quiet little mice. Very rude and not a good show. See what the stock can do when you treat it with neglect? Imagine what this show could be like if this company tried to put on a performance worth watching.
Lucky_Luciano
4年前
Very interesting filing today:
https://www.otcmarkets.com/filing/html?id=16139610&guid=jER-keeht3olB3h
That puts the floor at .20 in my eyes, and this isn't very much altitude. I like it.
On September 30, 2022, the board of directors of Arvana Inc. (“Company”) approved the issuance of one million eight hundred thousand (1,800,000) shares of restricted common stock, par value $0.001, to sixteen individuals (16) and two (2) entities, pursuant to exemptions from registration promulgated under Securities and Exchange Act of 1933, as amended (“Securities Act”) as follows:
That's sounds a lot better than the following. This is $300,000 as opposed to $100,00 noted here on May 22:
ARVANA TO OFFER 5,000,000 COMMON SHARES AT $0.02 AS FIRST STAGE FUNDING FOR IT’S NEW BUSINESS MODEL FOCUSED ON THE ACQUISITION OF UNDERVALUED COMMERCIAL REAL ESTATE FOR REDEVELOPMENT ACROSS NORTH AMERICA.
This comes about 120 day later and not the 60 the first PR alluded to. I wonder, is that the same deal but better price? I don't know. But, I like who's in it. Ruairidh Campbell put up $40,000 for 200,000 shares. My current 73,000 shares are worth $18,000 and up 23% on paper but not liquid.
.20 is the price all those investors paid for 1.8M shares. Enkore Custom Homes bought 50,000 shares. I wonder who they are. That sounds construction related, which is what one of our business claims to be. Although, I hope the show is better than this boring site of ours:
http://www.arvana.us/investing/news
Surely, I hope we get more interesting than this. These are restricted shares, so I'm guess the show will start after September of 2023 sometime? That will be a lot of time for me to get more under .20 if fate should have it. But it feels like somebody has been cheating and knew this all along, as the price has been up here at a small premium to this base price of .20. And I sold 2,000 shares to some person that didn't have the courtesy to come here and talk. I see how it works around here...
I wonder if this is the same Encore Custom Homes?
https://www.encoredvlp.com/custom-homes
Professional looking operation. I'm sure 50,000 shares is chump change to them if so. But I like this price as a start. Not exactly a lot of money raised, but it's 3 times more than the PR suggested and 20 times higher on the per share. IFF that is what this is. No PR about it either. Does that mean they are trying to be inconspicuous right now, being that these are registered shares? Or will there be a PR?
16 investors here, and I hold more shares than most of them. But certainly not all of them. I think I like this hand.
Lucky_Luciano
4年前
New Website has two PR's listed now.
Hi, BB. I got your email and yes, you are spot on! I would surmise because truth is repugnant. And a threat to a certain board of Chinese persuasion of which N-R was a frequent presence. And that's all I can say within Chinese speech guidelines. Further pot shots, btw, have been taken, but I have cloaking technology and shields were down, on purpose and as bait, in a prior experiment.
Over here, it looks like that new website claims that this is a holding company. So I guess two unrelated businesses do make sense in that context. But i the 10K, I notice absolutely NO FUNDS have been raised as proposed from that private placement. As much as that guy talks, you'd think he could get his audience to at least fork up some money by now. Perhaps it's coming still. I gave 2,000 shares at .25 here recently just because the bid was there and I wanted to see if I could draw in some interest, but it didint' work. Just out 2,000 shares now:
08/29/22 Sold 4000 of AVNI @ $0.25 (Order #2036) Unassigned 994.50
Still have 73,000 shares here now. I do not like the purchase price of our fearless leader here. Don't like that at all. But the float feels tight. It's hard to know how tight. Not sure if his shares are restricted and that's why he's just jacking around right now or not. But would be nice to see them get serious and start making noise around here.
Some person(s) was buying here recently. That was some intereting volume. That being said, I feel like I'm always watching my back here. So many people in below the private placement price, and that's not ethical to me. Everybody should be in higher. But that's the kind of norm in "leadership" we see these days. So, I watch my back. And the insiders here have lost all my respect. Especially what's his name that sold his stake here in single digit pennies. What a selfish move.
NobleRoman
4年前
If Arvana itself announces this business strategy, does that mean no reverse merger to happen and that is just a jumping to conclusions? Not really sure.
Bondock's website says, "Bondock invests in pension funds, hedge funds, sovereign wealth funds, blue chip shares, penny stocks, precious metals and corporate start up private placements."
Could that be an investment in AVNI? A control of its narrative, but not necessarily a merger? So AVNI will raise its own money?
That's kinda where I'm leaning now. A little disoriented and still trying to get a grasp on what blindsided me this week. I guess I'm the only retail investor here?
Well, that means they have no liquidity! That's the best part. So if they want liquidity, they are going to have to do something to make that happen. So far, the market has yawned. So, if you want in, I guess you need to pay up. If there is liquidity below .20, that won't bode well for a capital raise at .20.
How about a capital raise at $1.00 for the next phase? Can we aim higher?
NobleRoman
4年前
PR RELEASED LAST NIGHT
Look at this, BB. This sounds interesting: I totally missed it. This would be a price floor of .20 on the interests of those investors. Which is right about where my avg. cost is. Of course, Bryan L has a 6-cent floor. It might get interesting this year if they arlready have a PR released. I don't know what to expect, to be honest. REally wish I had clarity on what exactly the true float is.
Although, $1M private placement is really not that much money to work with. Then again, it does say this is the "initial funding phase." How about a capital raise at $1.00 per share?
IFFF I understand the Form 4 released today, it seems that Altaf is left with about 15,000 shares through Valor. I'd like him to have some skin in the game left. I hope I understand that correctly.
Arvana Inc. Announces Business Development Strategy and Private Equity Placement
May 19, 2022 2:21 PM ETArvana Inc. (AVNI)
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
SALT LAKE CITY--(BUSINESS WIRE)-- Arvana Inc. announced today that it intends to offer up to five million (5,000,000) shares of common stock in a non-brokered private placement to accredited investors in the initial funding phase of its stated business development strategy.
Arvana’s intends to acquire and redevelop undervalued commercial properties that can be repurposed to realize latent value. The focus will be on purchasing vacant shopping malls, big box stores and otherwise underused commercial real estate at a fraction of replacement cost to be repurposed for specific targeted industries that offer goods or services not otherwise available online.
“Arvana is a great platform to roll up vacant or underused real estate, to instill new purpose and value into the many empty spaces that dot our commercial landscape,” said Ruairidh Campbell AVNI’s chief executive officer.
The private placement is expected to close within the next sixty (60) days subject to customary closing conditions and the discretion of Arvana’s board.
Arvana expects to use net proceeds from the offering for general corporate purposes to include the purchase of its first commercial property.
The stock sold in the private placement will be offered to accredited investors in reliance upon an exemption from the registration requirements of the Securities Act of 1933 (“Securities Act”), will not be registered under the Securities Act or any state or other securities laws, and will not be offered in the United States absent registration or an applicable exemption from the registration. The Commission has not passed upon the merits of or given its approval to the offering, the terms of the placement or the accuracy of the private placement materials. Stock sold in the private placement will be subject to legal and contractual restrictions on transfer.
This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the laws of such jurisdiction.
Arvana
Arvana is a public company registered under the Securities & Exchange Act of 1934 (‘Exchange Act”), quoted on the OTC Pink Sheets. Bondock LLC, acquired a controlling interest in the company effective May 10, 2022. The implementation of Arvana’s business development strategy is intended to transition the company from its present designation as a “shell company” to operations in accordance with the Exchange Act.
Forward-Looking Statements
Several statements contained in this press release are forward-looking statements of future expectations based on currently available information that are subject to risks and uncertainties including general economic conditions, changes in capital markets, regulatory legislation, and other circumstances that may cause actual results to be materially different from those expectations. Arvana does not make any representation or warranty, express or implied, as to the accuracy, completeness, or status of such statements so it will not be liable for any decision made or action taken in conjunction with the information and/or statements in this press release. Arvana encourages the public to read the information provided in conjunction with its recent filings on Form 8-K and Form 10-Q which may be viewed at www.sec.gov.
NobleRoman
4年前
Yeah, that is a good thing about the underworld. They love stock promoters. I do love that. I get mad at Fineqia because they are too honest and take soo long. As much as an eyesore as that is, they do have integrity. Honesty doesn't always pay though. They fell flat on their face and currently raising $4M in a private placement. You can't find dirt on them. They are legit. And, sadly, no stock promotion. I'm mad at NROM too for no stock promotion. 40 years of honesty. Incompetence, but at least honest.
Yes, I do expect stock promotion if it's a reverse merger coming. Unless he just took over Altaf's job, but I lean to the former. I imagine he'll want unrestricted shares by that time though (deregulation) so that he can DUMP in his pump. Dirty regulation in his way. Not sure if his shares are restricted or not in that transfer. May have a wait.
Yes, I saw his website. Very amateurish like the others. Vague on the details like you said. But it's communicating lots of money. Lots of big words, which are the feathers he wants to display as I see it. And latest PR is about crypto, which is still fashionable. Whatever is the in thing, like the previous marijuana company, will always be what they are about. Whatever is hot in the moment, so that's good! At least it won't be boring probably.
Yes, I should profit. But truth comes first. I have spoken my truth! IFF that was his right-wing website, and IFF he sends his flock here that trust him for a fleecing, then I can't think of a better group of people whose banks accounts belong to me.
LOL We shall see how the cards fall:)
Big Brother
4年前
In the OTC, history has a tendency to repeat itself and if his previous company had a stock promotion, then there is a good chance, there could be one here as well, when it's all said and done......you have a lot of shares of this...again...so maybe it will be a good opportunity to exit when or if that happens. Your avg isn't too bad at all, so you'll likely make out....again.... as well....lol.
I'm not anti-stock promotion at all, I think for a lot of OTC companies it's almost a necessity any more....but....only the promos are decent, not pure p&ds, where everyone has a chance to make some $$$'s, not just the insiders.
In any case, here is the website for Bondock, details are again pretty vague as with everything else in his business, looks like they loan $$$'s to startups, penny stocks, etc, convertible financing type deals.
His business dealings are vague....but I'm sure he's very detailed in his anti-govt agenda.....lol. These tin foil hat, conspiracy types are nutters on both sides left and right.
https://bondock.com/
NobleRoman
4年前
I noticed the Marapharm connection too. It's no longer listed. That too looked very scammy to me on a glance. This makes me re-evaluate Altaf altogether. I was giving him too much credit. He's only looking out for himself. Everybody is around here as I see it.
You are wise not to buy here at this price for sure. I wouldn't. I have to depend on the greater fool now. :) I'll leave that to him. He only needs to cover 6 cents though. And be liquid.
I have a feeling you are correct on the right-winger website. Anybody on the far fringe or any side are the true problems for society. That means they don't compromise. Of course he would hate regulation! So he chooses the ideology that hates regulation! Why would anybody on these companies want regulation? That would mean watchdogs. At least that's my *opinion*. Maybe I can benefi from some money laundering in the most nefarious of *possibilities*. I'm here out of curiosity now. Been one sh#t show after another on this stock. That can't be coincidence. That must be the kind of company they keep. Looks like they left Caie Foods out to dry with me too. And all the creditors they made deals with last year.
So, I guess that makes me more nimble with a lighter load of 77,000 shares here? I have to play up every strength I have now. I'll be walking in doors backwards, watching my back.
And iff that right-winger website is him, that would be consistent with my profile emerging too. Narcissistic. He's deserving of all that wealth where I see a trail of disaster left behind. And he wants praise for it. So, all day long, he TALKS about how great he is. Under the guise of wanting to "help" but it's really all about moral superiority. That's my take. I'm not sold! Now, let's see what kind of PR bull#$#@ comes. I'll have to be quiet later for my own self interests.
But let the record reflect! And iff he has any power to erase me, he will. By cancellation of my shares, anything at his disposal. Only the law protects me now. And in his ideological framework, there should be nothing protecting me from him. No regulation, no intervention in his way.
NobleRoman
4年前
Connecting Dots on a Scattered Shotgun approach. Which seems very scammy to me. Brian Lovig is all over the map. When things are this convuluted, RUN is my experience. But I'm here and going to watch the show. Somebody PLEASE prove me wrong with a good rebuttal.
F$#@!! Thanks for nothing, Altaf.
To begin with, this tries to narrow down some of Brian Lovig:
https://www.bizapedia.com/people/brian-lovig.html
That shows Bondock so removes all reasonable doubt to me that those are all *known* businesses of his. One of many would be this one called LISTING LLAMA and you can see that name in the contact section here:
https://listingllama.com/coming-soon/
So, let's jump to this PR I found:
https://www.bloomberg.com/press-releases/2020-03-03/firstshot-fund-inc-announces-corporate-updates
There's LISTING LLAMA listed and Brian Lovig's name, making the connection. It mentions "A $2 million debenture opportunity has been made available to existing shareholders and other qualifying investors..." What investors? There is no ticker symbol. How can that be vefified? Can somebody verify this?
It mentions www.firstshotfund.com in the contact section. DOESN'T WORK. Try it yourself. Another RED FLAG.
It goes on to say, "Listing Llama, LLC will shortly
make application to the Securities Exchange Commission (SEC) in the U.S. and
subject to regulatory approval and compliance, Llama Tokens are expected to be
available for trading in 2020." Can anybody verify this?
Perhaps. There is some legalese here. Something about equity listing of Listing Llama with SEC:
https://sec.report/Document/0001809794-20-000002/
So, I don't know. It's like he's all over the map. How can anybody be all over the map like that? It seems like a frazzled mind to me. Doesn't feel right. Just BUYER BEWARE is all. I don't like it. It stinks to me. I could be wrong. PROVE ME WRONG. Oh, and that Llama Website says COMING SOON. The year is now 2022 and that amateurish website and that long PR has nothing to show for it on a Google search but COMING SOON? ANOTHER RED FLAG
Amateurish websites. Go with your gut and intiution. Mine says RUN. But, I'm here with 77,000 shares anyway. But I'm really disappointed in this. I hope he just doesn't fly off the handle like that last disaster of a show.
NobleRoman
4年前
10K from DRYN in 2010
https://www.sec.gov/Archives/edgar/data/734089/000073408911000004/eps4132.htm
This Brian Lovig is sending up all kinds of red flags to me. Just my interpretation of things. This is too much of concidence. A brian Lovig and a Bondock. Two uncommon names in the same filing will make me conclude by the *preponderance of the evidence* as I see it to be the same Bondock and Brian Lovig in our 8k filing today.
BONDOCK WORD SEARCH:
On or about May 15, 1999 Baycove Investments Limited (Baycove)(a private company incorporated in Ireland), and Bondock Capital Ltd. (Bondock)(a private Alberta company) offered to sell, and this Issuer offered to buy 100% of a third private Alberta company, legalopinion.com (Alberta). Baycove and Bondock were each 50% owners of legalopinion (Alberta). The price was 9,000,000 shares of common stock of this issuer, plus $100,000.00 United States Dollars. This offer was accepted by the shareholders of the Issuer on August 9, 1999.
Same document with BRIAN LOVIG word search:
On February 6, 2004 upon Legalopinion.com executing resolution for a 4:1 reverse split of its outstanding shares, on April 14, 2004, Legalopinion.com executed an Agreement and Plan of Reorganization with Matlink, Inc. (Nevada). This reorganization involves the exchange of 18,000,000 to be issued Legalopinion.com common shares to Matlink, Inc. shareholders. Matlink, Inc. became a wholly owned subsidiary of Legalopinion.com. A new Board of Directors was appointed consisting of Joseph, E. Henn, Stephen A. Lindsley, Nives Jadresko and Antonio Arnel Maquera. Brian Lovig resigned as a director and officer of Legalopinion.com. Concurrently, documents were filed with the State of Nevada to change the corporate name from Legalopinion.com to Drayton Richdale Corporation.
I don't understand what DRYN was all about. Perhaps Brian Lovig is very rich, but Donald Trump is rich and I don't know what he's done for anyone. I'm not seeing what shareholder wealth Brian Lovig created here. Perhaps wealth for himself, but a reverse split suggests it didn't end well? Legalopinon.com no longer exists.
I just don't know. Not saying he can't generate excitement, but I'd watch your back here. Walk backwards. And IFFFF that wingnut posted by BIG BROTHER is the same person (God, I hope it's not) then he doesn't think right. He thinks like Caie Food and Altaf betrayed us. It would suggest con artist to me. LIke a preacher or any other idealogue that defines the OTHERS as the enemy. I expected more from Altaf if that's the case.
Doesn't mean money can't be made here. Just watch your back is all. These are just red flags to me. It does show he can do things though and knows his way around. That's not necessarily a good thing for you. A good thing for him, perahps. We shall see. Let the cards fall where they fall. And Caie is no endorsement either. They think Trump was good for the country, so their opinion is trash on all matters as far as I'm concerned.
So far, I trust nobody here. It stinks to me. I could be wrong. They should have a lot to prove to you, future reader. Be a skeptic and demand evidence. It's your hard money on the line they'll want . And I have not seen anything so far that warrants my trust. Yet...
I would love to find an old message board of DRYN. It is not longer public. I'd like former shareholders to speak up. Were you fleeced? What was the sentiment? I'll have to do more research.
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