AAVG Closed up 27% today at .0014 coming off the bottom support levels on moderate volume. Keep on your radar here guys. DOT Approval news is expected soon.
Key Points: 1. 500M A/S and O/S is almost maxed out. Company has stated they have no intentions of changing the SS. 2. Chart bottom is forming off support and key resistance breaks above the 50MA is good confirmation IMO. 3. DOT approval/updates should be forthcoming in a matter of days. 4. With DOT approval, company is projecting an increase in revenues over $3.5M for 2012.
This is a huge corner for AAVG to turn and IMO can help the company recover without further touching equity financing options in the near term.
"December 1, 2011. It is projected that with the Commuter Authority status, first year annual revenue will be approximately 3.5 million dollars. More detailed financial information is contained within the DOT filing. " http://ih.advfn.com/p.php?pid=nmona&article=48525452
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