AVT Inc. (fka AVTCQ)

[scion]

AVTC issues fraudulent financials on shares outstanding and Net Income

1. According to officials at Otcmarkets.com, the common shares outstanding listed under the "Company Profile" section of the otcmarkets.com website comes from the company or its stock transfer agent.

2. The AVTC's Company Profile section lists the common shares outstanding at 19,866,066 as of March 31, 2014. This is the official figure issued by the company and/or its transfer agent:

http://www.otcmarkets.com/stock/AVTC/profile

AVTC Security Details

Share Structure
Market Value1 $26,620,528 a/o Oct 01, 2014
Shares Outstanding 19,866,066 a/o Mar 31, 2014


3. On September 24, 2014, AVTC filed with otcmarkets.com an "Interim Financial Report" for period ending March 31, 2014

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=126901

4. On the Balance Sheet for the period ending March 31, 2014 in the otcmarkets.com filing listed in #3 above, it states that the common shares outstanding as of March 31, 2014 is 11,294,902.

5. Other than the balance sheet discussed in #4 above, there is no other listing or mention of the common shares outstanding for March 31, 2014.

6. The common shares outstanding listed in the Balance Sheet as of March 31, 2014 of 11.3 million is a significant 43% lower than the official figure stated by the company and/or its stock transfer agent of 19.9 million shares.

7. Furthermore, the amount entered in the Balance sheet for the par value of common shares outstand of $17,975 is 59% greater than what would be the proper entry for the 11.3 million common shares outstanding.

8. Additionally, in the March 31, 2014 Balance Sheet it states that the common shares outstanding decreased from 11.5 million to 11.3 million from the December 31, 2013 figure. Yet the entries for Common Share par value INCREASED instead of decreasing (from $17,155 to $17,975), as it should be under proper accounting rules.

9. Furthermore, in the same Balance Sheet filed with otcmarkets.com, it states that the preferred stock shares outstanding increased from 2,665,598 to 2,706,238, yet the entry figures for these shares stayed the same at $2,476 instead of INCREASING as the number of preferred shares outstanding increased as it should be under proper accounting rules.

10. In further fraudulent behavior by AVTC, in the same financials for the period ending March 31, 2014 filed with otcmarkets.com:

https://www.otciq.com/otciq/ajax/showFinancialReportById.pdf?id=126901

The Net Loss for the 3 months ending March 31, 2013 is listed in the Income Statement as $(408,349) yet amazingly although this same figure should be listed in the Consolidated Statement of Cash Flows for the same period, instead a Net Income for the 3 months ending March 31, 2013 of $1,462,836 is listed.

11. In addition to the discrepancies listed for the Assets of AVTC in the Balance Sheet and discussed below, all of the above proves that the financial statements issued by AVTC and filed with otcmarkets on September 24, 2014 are completely and totally fraudulent and cannot be relied upon.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=106716264