AAVG Security Details
Share Structure
| Market Value1 | $1,500,000 | a/o Jan 19, 2012 |
| Shares Outstanding | 500,000,000 | a/o Jan 17, 2012 |
| Float | 442,546,722 | a/o Jan 17, 2012 |
| Authorized Shares | 500,000,000 | a/o Jan 17, 2012 |
http://www.otcmarkets.com/stock/AAVG/company-info AvStar Aviation Services, Inc.--50 M 21.16%
Ivy (Russell)-------------------19.1 M 8.08%
La Jolla IPO, Inc.---------------6 M 2.54%
Wilson (Robert)------------------1.5 M 0.63%
Schulle (Henry A)--------------100,000 0.04%
Short (James A)----------------100,000 0.04%
Dec. 12, 2011
AvStar Aviation Group, Inc. Announces the Forming of An Alliance to Serve the Florida-Caribbean Passenger and Freight Markets
DOT Commuter Authority - TACL expects to receive correspondence from the DOT the week of 12/12 concerning its Commuter Authority application. Further news will be released as it becomes available.
http://ih.advfn.com/p.php?pid=nmona&article=50389287
NOV. 21 after hours 10Q http://www.sec.gov/Archives/edgar/data/1077319/000103849411000046/0001038494-11-000046-index.htm
For the quarterly period ended September 30, 2011 / 469,110,950 common shares as of November 18, 2011
We expect to receive our next communication from the DOT prior to the end of November 2011.
Cuba. We expect this authority to be issued by the end of 2011.
Nov.23 Amended Quarterly Report (10-Q/A) http://ih.advfn.com/p.php?pid=nmona&article=50164572
NOV. 21 after hours 8K http://www.sec.gov/Archives/edgar/data/1077319/000103849411000044/form8k.txt Item 2.03: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant Item 3.02: Unregistered Sales of Equity Securities
11/14/11 Notification that Quarterly Report will be submitted late (NT 10-Q) http://ih.advfn.com/p.php?pid=nmona&article=49941460
Registrant believes that its third party revenues for the third quarter of 2011 will increase approximately 18.4% from those in the third quarter of 2010. Moreover, Registrant believes that it will report a bottom line figure close to breakeven, whereas it reported a net loss of approximately $256,657 in the third quarter of 2010.
10/12/11 Company Activity Update http://ih.advfn.com/p.php?pid=nmona&article=49512286
DOT Commuter Authority, Cuba Authority, Twin Air Calypso Travel Club, Convertible Notes, Company Investments, Bahamas Expansion
09/20/11 Current Report Filing (8-K) http://ih.advfn.com/p.php?pid=nmona&article=49241286
Asher Enterprises, Inc. ("Asher")
(8K 08/15/2011)
First 4/19/2010 Due $50,000 1/21/2011 (paid)
Second 6/1/2010 $25,000 Due 3/31/2011 (paid)
Third 8/31/2010 $40,000 Due 6/2/2011 (paid)
Fourth 10/21/2010 $35,000 Due 7/25/2011 (paid)
Fifth 12/20/2010 $45,000 Due 9/22/2011 (paid)
Sixth 3/28/2011 $50,000 Due 12/30/2011 (company has option to buy back)
http://ih.advfn.com/p.php?pid=nmona&article=48838019
((( The Asher Note has an outstanding balance of $7,584 Nov. 22,2011 )))
Quote:
Convertible Notes - AvStar is pleased to announce that the last of the convertible notes held by Asher Enterprises have been retired.
NEWS EXPECTED
In other news:
DOT Commuter Authority - TACL expects to receive correspondence from the DOT the week of 12/12 concerning its Commuter Authority application. Further news will be released as it becomes available.
OFAC Cuban Authorities - TACL has received a letter from OFAC requesting clarification of some information. The request is routine and the additional information will be forwarded to OFAC on Monday December 12, 2011.
Since then AAVG has responded to the DOT it took them 6 days , we are currently waitin to hear back from DOT n Cuba.
AAVG ******NEWS EXPECTED NOW!!!******
We expect to receive our next communication from the DOT prior to the end of November 2011.
http://www.regulations.gov/#!docketDetail;dct=FR%252BPR%252BN%252BO%252BSR;rpp=10;po=0;D=DOT-OST-2011-0143
CEO does what he says:
someone posted an email from CEO:
CEO SAYS: working on the Q and will be releasing information prior to Thanksgiving.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69066686
FROM 10Q:
On August 1, 2011 the Twin Air Calypso Limited, Inc. (TACL) submitted its application for Commuter Authority, which was posted on the DOT Docket under file number DOT-OST-2011-0143-0002. This new authority will allow us to increase our frequency to each destination and advertise our schedule in the traditional airline venues. We expect this authority to become effective late in 2011 or early 2012. An approval in late 2011 or early 2012 would allow us to take advantage of the 2012 winter travel season in the Bahamas. A request from the DOT for additional information was received by Twin Air Calypso Limited in late September and our response was filed in late October. We expect to receive our next communication from the DOT prior to the end of November 2011.
On August 10, 2011 Twin Air Calypso Limited, Inc. applied to the Office of Foreign Asset Control for authority to become a Carrier Service Provider, Travel Service Provider and Remittance Agent for service to Cuba. We expect this authority to be issued by the end of 2011. These authorities will allow us to provide services to persons currently approved to travel to the island country of Cuba and be in a position to provide additional services should the current government embargo of trade with Cuba be relaxed or lifted. As of this filing we have not received any communication from OFAC on this application. As a contingency plan we have made entered into an agreement with one of our partners to operate under his their authority when until we have obtained our landing permits rights form from the Cuban authorities. Additionally, we have had preliminary discussions with an operator of 19 and 30 place aircraft to use for Cuban charters on a risk sharing basis.
FROM 10Q, WHAT DOES ASHER HAVE LEFT?
During November 2011 the Company issued 13,333,333 shares of its common stock in one issue to Asher Enterprises for the partial conversion of a convertible promissory note.
The Asher Note has an outstanding balance of $7,584.
DOT APPROVAL:
The company has requested approval for Commuter Authority operations to commence on December 1, 2011. on Friday October 14, 2011, AAVG sent all additional information DOT Requested
Quote:
Twin Air Calypso Limited, Inc. received the first request for additional information from the DOT in mid-September. The nature of the requests was as expected; the responses are being finalized and will be forwarded to the DOT on Friday October 14, 2011.
Quote:
It is projected that with the Commuter Authority status, first year annual revenue will be approximately 3.5 million dollars.
The company's intention is to open a market from the Ft. Meyers/Naples area to Cuba
Quote:
The application by Twin Air Calypso Limited, Inc. for its Cuban authority is still being processed by OFAC. The company's intention is to open a market from the Ft. Meyers/Naples area. This market has just recently opened for Cuba travel via the Regional Southwest International Airport and inquiries to the local Cuban-American population has shown a market exists that is suited to our size of operation. Until Twin Air Calypso receives their authority, the company is negotiating with one of their strategic partners to begin this service using their Cuba Authority to quickly open this market. Further details of the company's plans and projections are being gathered at this time and will be released shortly.
Bahamas Expansion
Quote:
As economic conditions force larger carriers to abandon smaller destinations, Twin Air Calypso is analyzing these destinations for future operations. Along those lines, the company is actively researching the possibility of expanding its relationship with one of their current alliances.
The company has been in contact with several private investors
Quote:
The company has been in contact with several private investors, seeking to place cash investments into the company to aid its current efforts of expanding our operations as well increasing the size and capacity of aircraft. The company will continue to keep shareholders updated as further details of these negotiations become available.
The company continues to pursue other opportunities to increase operations, expand coverage areas increase revenues, and investor equity in the company.
Convertible Notes
Quote:
The company is currently negotiating with a private investor to retire the company's convertible notes. Details will be announced as they become available.
Asher Notes:
Asher has given AAVG $245,000 CASH
FACT is that we know the first 5 notes are fully paid n the shares asher had are already in the market, have been for awhile. the 6th n last note is RUMORED to be paid in full by part shares n part paid off by the company.
on Nov. 8,9,10 we all seen the STRANGE TRADES going thru below the best bid, up to 6+ Million shares at once. Asher was due to get shares on Nov. 8 PPS never dropped below .0011. CEO confirmed thru email asher did get shares.
also same email posted about Q from CEO has stuff about Asher`s 6th n last note:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69066686
TWIN CALYPSO NEWLY ACQUIRED COMPANY
Twin Air Calypso Services, Inc.
Ft. Lauderdale/Hollywood - North Perry (HWO)
1620 SE 75th Avenue
Penbroke Pines, Florida 33023
Web: http://www.flytwinair.com/index.html
TwinPACs are once again available
Abaco (Marsh Harbor, Treasure Cay)
20 One Way Tickets: $3,000
Eleuthera (N. Eleuthera, Governors Harbour, Rock Sound)
20 One Way Tickets: $3,350
About The Bahamas Twin Air calypso serves Eleuthera and Abaco The Commonwealth of The Bahamas is an Archipelago that stretches some 750 miles from off shore Palm Beach to just about the North Coast of Hispaniola. Throughout this world, lies some 2500 Cays (Pronounced "Keys") and several larger inhabited Islands. 
Nassau on New Providence Island is the bustling Capital City, and Freeport on Grand Bahama is the country's so called second city. After that everything else makes up the out Islands, known as the Family Islands. These more remote and much less commercial locations are what many consider the "Real" Bahamas. Some of these Islands, especially in the Southern Bahamas are still pretty far out and have little or no facilities for comfortable tourism. However in the Central and Northwest Bahamas the Family Islands have reached a delightful balance of comfortable and simple sophistication, while retaining their old world charm and quaintness. The Islands of Abaco and Eleuthera are such locales. Both played a major role in the history of the area and today the Loyalist Colonial Architecture and Ambiance is especially visible in Harbour Island and Spanish Wells, both small islands just offshore North Eleuthera, and at Green Turtle Cay and Man-Of-War Cay, In Abaco. Marsh Harbour, the Bahamas largest small town adds to give Abaco an interesting mixture of the industrious, surrounded by the laid back. Eleuthera, on the other hand, is 100 miles of rolling green hills, beautiful pink beaches and dramatic coral cliffs. The settlements of Rock Sound and Governor's Harbour make up the South and Central portion of the Island and Harbour Island and Spanish Wells the Northern end. Quaint Harbour Island is certainly the center and successful stereotype of the visitor/tourist location in the Family Islands, with a bit of everything including the acclaimed "Pink Sands Beach", recognized as one of the finest in the world. Spanish Wells and the North Eleuthera mainland constitute the industrious and farming areas and are fabulously interesting in their own right. Whether it Abaco or Eleuthera, Twin Air offers frequent non-stop service from Ft. Lauderdale. |
Mail Service Twin Air Calypso provides a mail forwarding service between Ft. Lauderdale and the islands of Abaco and Eleuthera. This service is by subscription only and is available to individuals and families, as well as organizations and corporations. Annual subscriptions entitle "clients" to receive mail forwarded regularly from the U.S Postal Service to our Bahamian Twin Air Calypso office locations. A subscriber may also send properly posted envelopes or single audio/video tapes in an envelope back to the United States to be entered into the U.S. Postal System. For the purpose of this service, "mail" is considered to be envelopes weighing less than two pounds and containing documents. Single audio or video cassettes in an envelope will also be considered mail. All other items are considered freight and are charged a minimum freight charge of $5.00. To Obtain Service: One mail subscription must be purchased per individual or family receiving mail. Family members are considered to be wife, husband, and children only. An organization's mail subscription is one that is purchased for the organization's business use only. If employees in an organization wish to receive personal mail, they must subscribe for mail service individually, apart from the organization's subscription. Subscription Fees: Mail subscriptions are renewable annually. Shorter subscriptions are available, however, there are considerable savings when purchased annually. The fee for one year is $150 plus a one time only fee of $35. Subscriptions or renewals for less than one year are $15 per month with a three month minimum ($45) plus a one time only fee of $35. All fees must be paid in U.S. funds only. Mail subscriptions are not transferable or refundable. The service does not include U.S. postage stamps. |
MANAGEMENT
HENRY A. SCHULLE
Mr. Schulle has served as one of our directors and our
Vice President and Secretary since February 2009. Mr. Schulle has served as
AvStar Services' Vice President and a member of AvStar Services' Board of
Directors since July 2006; from July 2006 until January 2008 he also served as
AvStar Services' President and Chairman of the Board of Directors. Since
January 8, 2004 he has served as Chairman of the Board of Directors and a
principal of Martex Trading Company, a privately held company active in the oil
and gas industry as well as real estate investments and development. Martex
Trading Company was the controlling member of Aurora Financial Services, LLC, a
FINRA-registered broker dealer that has acted as a placement agent for AvStar
Services. From December 2003 until July 2004 Mr. Schulle served as a member of
the Board of Directors of TexCom, Inc. (Pink Sheets: TEXC). AvStar Services
acquired San Diego Airmotive from TexCom, Inc. From January 1997 to November
2003, he was President and a Director of Texas Commercial Resources, Inc. (Pink
Sheets: TCRI) from its inception as a privately held company that merged with
EZUtilities in 2001. Mr. Schulle continued as an officer and director of Texas
Commercial Resources, Inc. through its subsequent successful combination with
Petrosearch Energy Corporation (OTCBB: PTSG), a Houston based energy company.
He served as Chairman of the Board of Unicorp, Inc., which was quoted on the OTC
Bulletin Board from November 1991 until January 1998. Mr. Schulle negotiated the
merger of Unicorp, Inc. with United States Refining Company, a diversified,
vertically integrated petroleum refining and petrochemical company that was
acquired by Houston American Energy Corp. in April 2001. From January 1998 to
July 2004, Mr. Schulle was employed by Dell Computer Corporation as a database
support specialist working on international assignments.
JAMES H. SHORT
Mr. Short has served as one of our directors since
February 2009. He has been a member of AvStar Services' Board of Directors
since July 2006. Since December 2003 he has served as a member of the Board of
Directors of TexCom, Inc. (Pink Sheets: TEXC). AvStar Services acquired San
Diego Airmotive from TexCom, Inc. He also served as a member of the Board of
Directors of Texas Commercial Resources, Inc. (Pink Sheets: TCRI) from 2001
until 2003. Mr. Short is currently a principal and Vice president of Finance &
Administration for Sabine Storage & Operations, Inc., an engineering and a
consulting firm specializing in the design, engineering, permitting,
construction management, and operations of hydrocarbon storage facilities in
subsurface salt dome formations. In addition, he is a principal and Vice
President of Marketing for Sabine Resources, Inc., a surface and mineral owner
of property having hydrocarbon storage potential in a salt dome formation. Mr.
Short was previously associated with Energy Consultants, Inc., a natural gas
marketing entity serving municipalities in South Illinois and Indiana, on an
independent contractor basis, from 1984 until 2001.From 1979 to 1984, he was
Senior Vice President and a director of Coronado Transmission Company with
responsibilities for gas acquisition, transportation, and sales throughout the
Southern States and Rocky Mountain area. Mr. Short served as Vice President of
Corporate Planning and Vice President of Gas Supply, Transportation and Sales of
Lovaca Gathering Company from 1972 to 1979. He was an employee of Cities Service
Oil Company from 1966 to 1972. Mr. Short holds a B.S. degree from the
University of Tennessee
ROBERT WILSON
Mr. Wilson has served as our Vice President and Chief
Financial Officer since April 2008. He has also served as AvStar Services' Vice
President and Chief Financial Officer since July 2004. Mr. Wilson also serves
as the Chief Financial Officer and Operations Principal for several broker
dealers and investment banking firms where his duties include compliance with
FINRA, SEC and NYSE rules and regulations, the design and implementation of
accounting and operations control procedures, representing firms as an expert
witness and with FINRA examinations. He currently serves as a director and audit
committee chairman for American Security Resources, Inc. and American Enterprise
Development Corporation and as a consultant with The Professional Directors
Institute. Mr. Wilson is a CPA and has over 15 years of experience as the owner
of a certified public accounting firm, was previously a member of the FINRA
Board of Arbitrators and has several FINRA and NYSE licenses. Mr. Wilson has
previously served as operations compliance manager of the AIM Management Group,
Vice President Compliance/Internal Audit of the Kemper Securities Group and an
auditor with Price Waterhouse. Mr. Wilson is a 1977 graduate of Houston Baptist
University and pursued additional studies at Georgetown University.
Our Board of Directors has three members. Each director serves a one-year
term that expires at the following annual meeting of stockholders. Executive
officers are appointed by the Board of Directors and serve until their
successors are appointed. There are no family relationships among our directors
or executive officers.
AAVG DD Postings n StockTradersTalk RADIO Link: AAVG - Daily Candlesticks
