Advance Nanotech (fka AVNA)

[BigGuy1]

It's now AVNAE which means the company is delinquent in filing necessary reports and forms.

Once the ticker has the E appended, they have 30 days to file or the symbol is removed from the OTC list.

The corp. has no directors and therefore no one to meet the filing requirement. Plus there's a case before the courts to force the company into bankruptcy.

It's shame because the company and shareholders (like me) own shares of Owlstone that should be worth the equivalent of about $6-7m. In fact that may be quite a bit more since Owlstone has not provided a finiacial or operational update in over 6 months. And it's a very promising company with lots of potential.

But unless the noteholders can be convinced to re-negotiate the notes and keep the company around, it looks like it's toast. With the case now before the courts, I'd imagine the decision will be to force the company into bankruptcy and that would be it.

IMO with it worth .004 as it is today it's worth hanging on to see if something happens to bring it back around. Chances are slim to none though. That's my 2 cents...