Highest-materiality recent filing
Awaysis Capital board flags appraisal errors, waives $6.1M in notes due
Board identified material inconsistencies in appraisals of Chial Reserve Assets (acquired for ~$4.47M); ordered new appraisals.
Awaysis Capital acquires Chial Properties in Belize for $5.5M from Chairman Michael Singh
Total purchase price $5.5M: $2.4M cash, $1.5M secured promissory note (0% interest, due Feb 2025 or uplisting), $1.6M convertible note (3.5%, due June 2025).
Awaysis Capital completes $5.5M acquisition of Chial Mountain assets in Belize via insider notes
Purchase price $5.5M: $2.4M cash, $1.5M zero-interest promissory note, $1.6M convertible note at 3.5% to Chairman/Co-CEO Michael Singh.
Awaysis Capital borrows $2.75M from affiliate BOS Investment under secured line of credit
Borrowed $2,750,000 from BOS Investment Inc. under a $3,000,000 secured promissory note, replacing prior $250,000 note.
Awaysis Capital borrows $250K from affiliate under $5M line of credit; secured by all assets
Initial $250K tranche borrowed from BOS Investment (affiliate of Chairman Michael Singh) under a planned $5M line of credit.
Awaysis Capital stockholders approve up to 1-for-20 reverse stock split
Stockholders representing ~84% of outstanding shares (298M of 352M) approved the action.
Awaysis Capital issues 31.7M shares to three executives for past-due compensation totaling $7.8M
Michael Singh (Chairman/Co-CEO) received 14,071,153 shares for $3,469,665 in accrued salary and bonuses from Sep 2022 to Jun 2024.
Awaysis Capital issues 50M shares to CEO as bonus for FY2022
Issued 50,000,000 shares to Chairman/CEO Michael Singh on April 1, 2024, for $500K FY2022 cash bonus.
Andrew Trumbach, already President and director, appointed CFO replacing Amir Vasquez who resigned September 12, 2023.
CEO Michael Singh and President Andrew Trumbach each receive $750,000 annual base salary retroactive to Dec 1, 2021.
Awaysis Capital amends 8-K to add shell company status change after $11.4M Belize asset acquisition
Acquisition of Casamora Awaysis Assets in San Pedro, Belize closed June 30, 2022 for appraisal value of $11.4M.
Awaysis Capital completes acquisition of Belize real estate for $11.4M
Total consideration $11.4M settled with $2.6M demand mortgage (0%), $280K mortgage (paid Aug 2022), and 56.8M shares at $0.150/share.
Awaysis Capital raises $600K in private placement of 600K shares at $1.00
Sold 600,000 shares of common stock at $1.00 per share for $600,000 gross proceeds.
JV Group buys Belize real estate for $11.9M via cash and restricted stock
Three purchase agreements for parcels in San Pedro, Ambergris Caye, Belize.
JV Group to reduce authorized shares, rename to Awaysis Capital, change ticker to AWYS
Authorized common shares cut from 1B to 250M; preferred from 25M to 5M.
JV Group change of control: Harthorne Capital acquires 99.2% for $500,000
Harthorne Capital acquired 98,008,000 shares (99.2% of outstanding) from Littman for $500,000, or $0.0051/share.
In addition to being a Co-Chief Executive Officer, (a) Mr. Singh will also remain as Chairman of the Board of Directors and (b) Dr. Trumbach will also remain as Chief Financial Officer but will relinquish his title of President.
In addition to being a Co-Chief Executive Officer, (a) Mr. Singh will also remain as Chairman of the Board of Directors and (b) Dr. Trumbach will also remain as Chief Financial Officer but will relinquish his title of President.
Andrew Trumbach, the Company’s current President and a director, was reappointed as Chief Financial Officer of the Company to replace Mr. Vasquez.
accepted the resignation of Amir Vasquez, the Company’s then-Chief Financial Officer.
On August 15, 2022, Andrew Trumbach, the President and Chief Financial Officer of Awaysis Capital, Inc. (the “Company”), resigned as Chief Financial Officer of the Company.
On August 15, 2022, the Company appointed Amir Vasquez, age 34, as the Company’s new Chief Financial Officer, to replace Mr. Trumbach.
the Board of Directors (the “Board”) of JV Group, Inc. (the “Company”), by unanimous written consent, adopted resolutions appointing each of Tyler Trumbach, Narendra Kini and Claude Stuart as a director to fill the vacancies on the Board resulting from the recent resignations of three of its members, effective immediately.
the Board of Directors (the “Board”) of JV Group, Inc. (the “Company”), by unanimous written consent, adopted resolutions appointing each of Tyler Trumbach, Narendra Kini and Claude Stuart as a director to fill the vacancies on the Board resulting from the recent resignations of three of its members, effective immediately.
the Board of Directors (the “Board”) of JV Group, Inc. (the “Company”), by unanimous written consent, adopted resolutions appointing each of Tyler Trumbach, Narendra Kini and Claude Stuart as a director to fill the vacancies on the Board resulting from the recent resignations of three of its members, effective immediately.
As previously disclosed by JV Group, Inc. (the “Company”), on November 23, 2021, each of Michael A. Littman, Calvin D. Smiley, Sr. and Redgie Green resigned as a director of the Company subject to Rule 14-f-1 of the Securities Exchange Act of 1934, as amended.
As previously disclosed by JV Group, Inc. (the “Company”), on November 23, 2021, each of Michael A. Littman, Calvin D. Smiley, Sr. and Redgie Green resigned as a director of the Company subject to Rule 14-f-1 of the Securities Exchange Act of 1934, as amended.
As previously disclosed by JV Group, Inc. (the “Company”), on November 23, 2021, each of Michael A. Littman, Calvin D. Smiley, Sr. and Redgie Green resigned as a director of the Company subject to Rule 14-f-1 of the Securities Exchange Act of 1934, as amended.
Max materiality 0.85 · Median 0.50 · Most common event other_material