AVT Inc. (fka AVTCQ)

[236T568]

AVTC - THE SELF DEALING OF THIS SCAM COMPANY CONTINUES


The stock price range of AVTC in the 2012 Q3 was $1.15 to $1.70.

Each share of AVTC convertible preferred stock can be converted at any time into 6 shares of AVTC common stock

Hence, the value of the convertible preferred stock in the 2012 3rd quarter was $6.90 to $10.20 per share.


Get this:

http://www.sec.gov/Archives/edgar/data/1431888/000138730812000124/form10q.htm

"For the quarter ended September 30, 2012, we issued Worth, Inc. a total of 125,000 shares of our Series A Convertible Preferred stock valued at $1.00 per share or $125,000 as partial payment of note."



Worth, Inc. is the entity owned by the father of AVTC's Chairman.

Wow!

AVTC issues 125,000 Convertible Preferres shares during the 2012 Q3 to a company owned by the Chairman's father, worth at the time between $862,500 and $1.275 million for the payment of a $125,000 note owed by AVTC to the Chairman's father's company.