AVT Inc. (fka AVTCQ)

[TNGN]

Well, my worry is that the chairman's interest may not be with the company itself.

I did a little research and found out that the chairman seems to be the president of the company which is the majority shareholder of AVT: Worth Inc.

http://www.manta.com/c/mr55x7g/worth-inc

in the 2011 10K they explain Worth inc is owned by chairman Shannon Illingworth's father Jon Illingworth. They don't disclose though that the chairman is the president of this company. If this information is correct, it is worrisome as Worth inc has been dumping shares in the same way its predecessor SWI Trading have been doing.

This year they seem to have pulled off a pretty nice market rally which was quite manipulative in my view : Look at the press release timing and the stock price:

On January 7th, 2014 Medbox made a press release about AVT inc. This is when Medbox was in the middle of a marijuana stock fever. it announced AVT is producing the self serve machine for their operation.

http://www.otcmarkets.com/stock/AVTC/news/Medbox-Improves-Product-Line-and-Expands-Inventory-through-Manufacturing-Partner-AVT--Inc-?id=73973&b=y

Nothing wrong it seems until you find out that Shannon Illingworth used to be the majority shareholder of Medbox (before it changed name) It is in MDBX 10K.

The stock price jumped this day from 1.35 to 3.75.

The next day on January 8th, 2014 AVT makes a press release predicting a record breaking year of 25-35mil in revenue.

http://www.otcmarkets.com/stock/AVTC/news/AVT-Forecasts-2014-as-Record-Breaking-Year?id=74047&b=y

The stock price jumped this day from 3.75 to 5.00. 5.00 was the highest price of the year and traded with the heaviest volume ever.

A nice coordination. Coincidence ? Maybe.. or maybe not. There is no way to tell.

Now given that they have not disclosed how the accumulated deficit jumped from $5 mil to $24 mil and that their annualized revenue as per their interim financial report shows $7 mil, it seems unlikely they will be able to pull a similar price spike as they did earlier this year.

But who knows, they seem to have a lot of tricks up their sleeves.



FYI they did the same in 2012-2013

Mebox press release on Dec 12, 2012 talking about AVT partnership.

http://www.prnewswire.com/news-releases/medbox-inc-finalizes-manufacturing-plans-for-2013-product-line-183146401.html

AVTC stock price 1.41 to 2.15.


AVT press release on Dec 17, 2012 forecasting a substantial increase in business:

http://www.prnewswire.com/news-releases/avt-updates-financial-forecast-183775991.html


AVTC stock price closes at an interim high of 5.01.


And another press release on Jan 17, 2013. they talk about being on track to reach $50 mil in revenue.

http://www.prnewswire.com/news-releases/avt-inc-comments-on-verizon-walmart-and-amazon-entering-the-automated-retailing-market-187279881.html

AVTC stock price closes at 6.09.

and a last one before this short lived rally dies:

http://www.prnewswire.com/news-releases/automated-retailing-industry-expected-to-grow-to-more-than-11-trillion-in-2015-188194891.html

AVTC stock price closes at 6.65 which is the high of the year.

Also the number of messages in this particular board during this period of rally becomes insane.

what did you call this? Pump and Dump ?


Maybe the best thing to do as a stock traders is 1) wait for a press release from Medbox either at the end of the year or early next year 2) when and if the press release is out close your eyes and buy as much as AVT shares as you can, and 3) sell all your shares on the day AVT announces a fantastic business outlook : who knows it may work again !