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I thought OBMP purchased Avant Diagnostics with the exception of OVADX for 5B shares OBMP. That means OBMP went from a few million shares to 5B outstanding.
AMAZINGLY, the stock price barely dropped and is now taking off...?
As far as AVDX owners, I'm still waiting for my shares of OBMP.
From recent OBMP filing, Avant Diagnostics owns 5 billion shares of OBMP, which closed above $1 today.
Who owns Avant at this point?
Is this board alive and well, or is there another board for Avant Diagnostics.
When will the sticker start trading again
Does this mean anything for AVDX stock holders?
AVDX INVESTORS GROUP LLC
For the fiscal year ended September 30, 2017, we acquired a CLIA laboratory from THI. As a result of the cost cutting measures taken during the fiscal year ended September 30, 2017, the Company substantially curtailed the use of the CLIA laboratory. Also, as a result of these cost cutting measures, the Company was unable to timely make certain payments on the terms of the lease. As a result, the Company defaulted on its lease at the location of the Maryland laboratory and the landlord held the equipment located in the facility as collateral for amounts owed under the lease. AVDX Investors Group, LLC (“AVDX”), an entity controlled by Jeff Busch, our Executive Chairman (“Busch”), loaned the Company the capital to purchase the equipment. The note issued to AVDX is a demand promissory note that bears no interest and is secured by the equipment. During the fiscal year ended September 30, 2018, AVDX, Busch and his affiliated entities also loaned and/or paid certain obligations amounts on behalf of the Company.
————
????
https://www.sos.state.co.us/biz/ViewImage.do?masterFileId=20191479999&fileId=20191479999
https://www.sos.state.co.us/biz/BusinessEntityDetail.do?quitButtonDestination=BusinessEntityResults&nameTyp=ENT&masterFileId=20191479999&entityId2=20191479999&fileId=20191479999&srchTyp=ENTITY
Details
Name AVDX Investors Group, LLC
Status Good Standing Formation date 06/10/2019
ID number 20191479999 Form Foreign Limited Liability Company
Periodic report month June Jurisdiction Delaware
Principal office street address 1050 30th St NW STE 207, Washington D.C., DC 20007, United States
Principal office mailing address n/a
Registered Agent
Name Michael Irwin Ruxin
Street address 7558 S Turkey Creek, Morrison, CO 80465, United States
Mailing address PO BOX 869, Morrison, CO 80465, United States
Thanks for keeping up on current events. I haven't seen you on ARYC board for some time.
8K filed two days ago:
https://www.sec.gov/Archives/edgar/data/1451929/000149315219005062/form8-k.htm
It has now been 3 weeks since AVDX became current on their fins, yet they are still in the Grey Market. I hate to say, but it doesn't look good for them...
8K filed yesterday:
https://www.sec.gov/Archives/edgar/data/1451929/000149315219003925/form8-k.htm
10Q filed for quarter ending 31 Dec 2018 today:
https://www.sec.gov/Archives/edgar/data/1451929/000149315219003233/form10-q.htm
They are officially current!
Now to see if they will be released from the Grey Market.
I just checked out the 10Q for June 18 on AVDX, and I noticed they had $267,000 new cash. Where did that cash come from? Also, as you pointed out TSP, the net loss has been reduced by 7million, what happened there? Where did that money come from? When will it be time to buy shares on AVDX?
Still the stock price is soaring :)
If we only could say that about aryc as well!!! LOL
Once the file the 10-Q for 1st quarter ending 12/31/18 they will be current.
10K filed for quarter ending 30 Sep 2018 today:
https://www.sec.gov/Archives/edgar/data/1451929/000149315219002736/form10-k.htm
Net Loss on today’s AVDX 10K:
For the year ended September 30, 2018, we had a net loss of $2,371,797 compared to a net loss of $9,585,928 for the year ended September 30, 2017.
https://ih.advfn.com/p.php?pid=ihm_newsArtView&article=79380975&symbol=NO%5EAVDX&hl=1#FORM10-K_HTM_AB_007
New 8K filed today
https://seekingalpha.com/filing/4332503
This is the 10Q for Q3 2018. So once they file the 10K for fiscal year 2018 ending Sept 30 they will be current.
10Q filed for quarter ending 30 Jun 2018 today:
https://seekingalpha.com/filing/4318063
No idea, but I would think within the next month. Over the last 3 months, they have released 6 financial statements (or about 2 per month). The next filing due to be released should be for 30 Jun 2018.
Any estimate on the 3rd Q18 release date?
10Q filed for quarter ending 31 Mar 2018 yesterday:
https://seekingalpha.com/filing/4298292
FORM 10-Q For Quarter Ended: Dec 31, 2017 filed on Friday 12.28.18
What a mess the company is in!
https://www.sec.gov/Archives/edgar/data/1451929/000149315218018046/form10-q.htm
InterVenn BioSciences Raises $9.4M in Funding
Dec 12, 2018 | staff reporter
NEW YORK (GenomeWeb) – Diagnostics company InterVenn BioSciences said today it has raised $9.4 million in a funding round led by Genoa Ventures.
The Redwood City, California-based firm will use the funds to develop its lead product, a mass spectrometry-based blood test for ovarian cancer. The company said it is currently doing analytical and clinical validation for the test, which it ultimately plans to offer as a laboratory-developed test.
Its a total SCAM bro!! Dilution to the extreme BRO!! You got it!!! Yeah!!
Yes, I have noticed that as well.
The # of common shares seems to have been pretty steady over the last year:
26 Sep 2017: 303,927,098 (from 2Q2016 10Q)
7 Aug 2018: 336,957,722 (from 2016 10K)
29 Aug 2018: 336,957,722 (from 4Q2016 10Q)
10 Sep 2018: 336,957,722 (from 1Q2017 10Q)
28 Sep 2018: 336,957,722 (from 2Q2017 10Q)
30 Oct 2018: 336,957,722 (from 2017 10K)
But that 13G filing (from 25 May 2018) that lists over 1.4 billion shares is an outlier. I don't know what to make of it.
That same 13G shows Coastal Investment Partners as the reporting entity with 1.4 billion shares (6.4%) of common stock. But the most recent 10K (as of as of October 25, 2018) shows that Coastal owns 192,832 (10.77%) of Series A preferred stock shares (and not common shares). It doesn't show them owning ANY common stock.
Very confusing...`
Discrepancy in the number of outstanding common shares.
From the 13G filed
Filing Date 2018-10-26 for May 25, 2018 (Date of Event which Requires Filing of this Statement
based on the total of 1,439,428,082 shares of Common Stock outstanding
The number of outstanding shares of the Registrant’s common stock, par value $0.00001 per share, at October 30, 2018 was 336,957,722.
Jun 2017 10Q & Sep 2017 10K were posted yesterday:
https://www.sec.gov/cgi-bin/browse-edgar?company=Avant+Diagnostics&owner=exclude&action=getcompany
Yup, looks that way.
Have no position or much knowledge of the company; just watching since ARYC owns shares, and the company may or may not still be involved with OvaDx and then there are a few subsidiaries of AVDX and products that may prove to be interesting.
it will be over soon.
May 25, 2018
(Date of Event which Requires Filing of this Statement)
https://www.sec.gov/Archives/edgar/data/1451929/000173112218000115/e1169_sc13g.htm
They planned to do a reverse split but haven't done so yet, otherwise share owners would have seen their shareholdings reduced substantially on their accounts.
My small baby sale triggered it to go up 200,000 percent
If a stock is not registered with the SEC and is Suspended the stock can remain on the Grey Market for years because there is/are no stock registration(s) to revoke. Market Makers are forbidden from making any market or quotations on all SEC Suspended stocks.
Banyan Gold, BYAGF, was never suspended by the SEC so it is on the Grey Market as a foreign Issuer and is merely waiting for FINRA to approve a Market Maker to represent the stock with quotations.
Two entirely different scenarios.
From my own personal experience, Banyan Gold (now BYAGF) was sent to the Gray Market years ago and still trades there, with an average volume of about 85,000. Not saying Grays are good, just sayin' it's not always the end of the world. :))
From reading this board there are serious misunderstandings about the imminent outcome for AVDX.
The SEC Admin. Law Judge will absolutely revoke Avant Diagnostics stock registration(s). When that occurs the ticker will no longer exist and the stock will no longer trade on any public market. AVDX shareholders will still own shares but in a private company, unable to trade any AVDX shares.
From the linked post the SEC Admin Law Judge revoked the registrations in 100% of all stocks that were suspended for severely delinquent Financials.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141911981
They did a R/S in May of 2018, which brought the number of O/S down to 15 million. After the private placement, the investors must have converted their preferred stock into common, as stated would happen in the PR, bringing the O/S count up to 337 million.
5/30/18
"Upon consummation of a reverse stock split of the Company's common stock, resulting in approximately 15,000,000 shares of the Company's common stock outstanding, the investors shall subsequently take all necessary steps with the Company to convert all outstanding shares of the Series A Preferred Stock into shares of the Company's common stock."
https://www.prnewswire.com/news-releases/avant-diagnostics-announces-restructuring-and-private-placement-300656180.html
I'm not sure what to think of that.
OTC reports 337 million (which is in line with the 10K) as of 1 N:
https://www.otcmarkets.com/stock/avdx/security
Paragraph 11 of the 13g:
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
6.4% (based on the total of 1,439,428,082 shares of Common Stock outstanding).