Email from Jay 11/3/14:
I woke up this morning and looked at my tax documents for my broker. Just thinking about the AVEW Disaster Project 2014 and the management (or lack thereof), I decided now would be an appropriate time to post a rather scathing email that Jay sent to me.
As a nutshell background, I was on an iHub "good one" and posting several messages on here a day, suggesting my OPINION that AVEW would be headed for a R/S. More than anything, I was fed up with losing 90% of my investment, and all of AVEW's shortcomings were coming to light in my head.
I sent Jay this email first:
Hello Jay,
I am writing to you to ask why the Q3 Construction Revenues are lower than they were in Q2. Considering Q3 is always the busiest season for construction projects, I find it troubling that revenues actually decreased, AND margins were much lower as well. I understand the Tarragon acquisition numbers won't show up until Q4. However, you can see why I would be concerned about the lack of sustained revenue, especially for a company that should be growing exponentially.
Thanks for taking the time to read and respond to this email.
Sincerely,
xxx
I received this email back from Mr. Jose Chavez:
Mr. xxx;
You are right, however, we have &528,500 in contracts that are under way in out door construction. In addition we have an additional $408,000 pending financing. In new pools we have $115,00 new contracts and $350,000 pending fiancing.
Tarragon Builders and Commercial Pools & Spas will be reflected in 4th quarter financials, so will Kustome Fence and Construction.
Thank You for your continual support of AVEW
--------------------------------
Here is an email I received from Mr. Jay Ling, about 20 minutes after receiving an email from Jose that Jay was linked in on... clearly he was heated up...
I thought I would read with interest your "rant" after you emailed us with your 3q question but when I saw you refer to "mikey", a true moron, and buy into his garbage about the company selling shares I knew your were just another uninformed ihuber who does not care what a company says in response to the ranting mikeys,pepeoils, et al who either have a personal vendetta against Jose, me, prior ActionView managers or whatever. The company has stated time and again they did not sell any shares. Will we in the future? That is why companies go public...access to public equities markets. But for you to accept the statements of a moron over that of the company I wonder what draws you to but stocks.
Jay Ling
President
AVEW Holdings Inc.
Austin, Texas
P.S. AVEW nor its management has sold no shares of AVEW through Vandham or any other broker/dealer and in fact AVEW and its management personally have purchased shares during this period of time. Get it?
Pretty much a personal attack on me, after I sent a pleasant but concerned email to Jay and Jose.
My response on the next post.
AI
