[PURA VIDA]

Agreed, I've been warning here for several years.

[Wavefan11]

Thanks Pura Vida. I didn't see any updated address info but that happens. I don't think they are really concerned whether it goes bankrupt or not. What have they got to lose? They picked the bones clean and came out enriched. Like you I got out but it still stings. After reading the older posts, the hard data and facts, I just find it odd that RD/Cure paid 11 million dollars for a tiny cubicle company worth barely a million, with no track record, so so sales, pumped up with fiction, covid cash and covid traffic, loads of consumer complaints, and there are hundreds of competitors out there selling the same or better CBD products, moisturizers/line reducers, and the only positive reviews appeared to be from insiders. It just buggers the mind. I smell sulfur.

[PURA VIDA]

Not a lot of time to respond. But, if we are on the same page,
I posted some time ago about Avenir/Sera Labs having downsized
from the 8th floor down to the 5th in the building they lease at. I think
this is what you refer to - but not sure. They are in the same building
but now on the 5th floor.

The transparency here is indeed like a window painted over black.

Bankruptcy or Miracle - I still say bankruptcy looks inevitable.

[Wavefan11]

It appears that the registered business address of Seralabs has been VACANT and listed for rent or lease for quite some time now. The other listed address is simply a commercial fulfillment center. What does this mean? Where are they? If this is the case, then what are the business rental expenses listed on their filings about? Maybe I'm missing something but there appears to be gaping holes, missing assets, invisible costs claimed as real, re-purposed/missing PPP money, re-directed debt, all kinds of cannibalized assets, and where is the transparency? They are talking a big talk with very poorly done flowery hype about product and the future, but wouldn't it be more important to clarify status?

[Student of the Game]

There is not a good reason that I could think of for anyone to buy this.


PURA VIDA!!

[PURA VIDA]

New ALL TIME LOW, drops below 2 cents

$AVRW continues down down down

[Student of the Game]

Doesn't have far to fall.


PURA VIDA!!

[PURA VIDA]

Sounds like something done to the pavement 🤣

$AVRW is going down down down.

[Wavefan11]

Correction, "moisturizer/temporary line filler"

[Wavefan11]

Clearly the bulk of the positive comments are not genuine--they cluster around specific dates after negative postings and the language is too superfluous to be meaningful or real. Across their limited market there are warnings about engaging with this company and that becomes terminal. Very sad but they have destroyed any good will from the limited consumer market they claim to have had. This is all just a common simple moisturizer promising the moon that evidently is not worth the trouble--and using NK as a brand ambassador is probably as bad for NK versus being good for the company. People appear pissed off.

[PURA VIDA]

This Product Celebrity Endorsed And 300% less money......

https://www.yahoo.com/lifestyle/olivia-wilde-40-loves-cerave-and-its-bestselling-eye-cream-is-on-sale-for-just-14-125055766.html

So why buy something Nicole Kidman says is great when Olivia Wilde says this is great for 3 X less cash out of your bank account...... ??
(I am comparing equal amounts in volume 2 each of the Cerave @ .5 oz compared to 1 each Seratopical DNA at 1oz.)

$AVRW - will they drop below 2 cents next week ????

$AVRW - will they go BANKRUPT or will a MIRACLE occur ????

[Student of the Game]

POM-POMS hard at work!! Why?? I don't understand. I'm guessing they are not getting their posting fees.

[jedijazz]

Watch Nicole Kidman’s video for $AVRW on Instagram here:
https://www.instagram.com/reel/CyGgu2pr8zA/?

[PURA VIDA]

Just look at 2.2/5 Better Business Bureau numbers

Well SOTG & WF11, We have presented facts and numbers related
to 8K's, 10Q's and 10K's as well as pointed out some of the information
related to past products, manager's and the musical chair name game.

The BBB is generally a decent indicator of what people think about the
company. Their BBB score is 2.2 out of 5 ratings. It's a mixed bag of
comments both good and bad - but overall - it's bad.

Besides having no money - they have an awful reputation on customer
service, monthly recurring charges without efficient reviews etc. etc. etc.

Current price 2 cents
Current bid .0106 10K shares
Current ask .0298 10K shares

https://www.bbb.org/us/ca/sherman-oaks/profile/health-and-wellness/the-sera-labs-inc-1216-1084307/customer-reviews

[ProfitScout]

The AVRW Sera Labs product line has never been more appealing and effective. Everyone can see it here and place orders too:
https://seralabshealth.com/

[Student of the Game]

How is that even possible?

NO $$$$. = NO ADVERTISING = NO SALES

This Company is gasping on fumes!

POM POMS have no shame leading people astray with lies and innuendos.


PURA VIDA!!!

[Dickmo]

Hoping for a decent new quarter. Growing sales would be encouraging.

[Wavefan11]

Happy Weekend to you too Pura Vida. I think you nailed it. It's all very muddy too. But I don't see ND as left holding the bag really. This was all a game of musical chairs and I think that they knew exactly what they were doing. They were able to cannibalize the assets, the salaries, the business flow, and acquire debt that would be unrecoverable later. Maybe I'm wrong, but look at the track record. Nearly all of their products used OTC ingredients and dressed them up with CBD, or "plant stem cells" or whatever. But most consumers are too sophisticated to buy into this dialog. What startled me was there were a lot of postings about customers unable to cancel their "subscription" and being unable to get customer service to report issues or return the product. The 5 star ratings appeared to be from insiders and bots. It's almost like they never intended to stick around.

[PURA VIDA]

Happy Weekend WF11

I don't have a lot of time at the moment, but in one of my past posts I outlined the tangled web that took place when RD met ND and then "acquired" Sera Labs. At that time, there was supposed to be a synergy between the two companies. ND was outsourcing production and was moving more toward CBD related products. RD was working with Canopy Growth (but that deal fell through) and RD also needed to show "revenue" on the books. RD really didn't have ANY products marketed and the thought was that by acquiring Sera Labs - Sera Labs would then utilize the CURE Oxnard facilities for their production etc. Cure then would be showing income/revenue from Sera Lab product sales.

Don't have a lot of time to go into it - but later RD had to give control of Cure/Sera to ND. Later RD (through TF TECH Ventures) bought back the Oxnard Manufacturing facility and employees along with some of the KEY patents. ND and Sera Labs then went on their own way again (but with RD still being Chairman of the Board). Very sordid web has been woven. Quite messy in my opinion - along with the very muddy money trail - I outlined all of this in a LOT of detail in a previous post - but - since I don't have a paid subscription here - I can't easily find it.

Cure - Ionic Ventures, deal to acquire Sera Labs

Ionic Ventures converts notes endlessly - sinks share price - Lawsuit follows

RD/TF Tech Ventures - buys back manufacturing facility and key patents - leaves ND holding the Ionic bag

Sera Labs/Avenir losing money hand over fist - Takes another life-line convertible note debt from 1800 Diagonal

The rest is history still in the making. We'll have to see if BANKRUPTCY or a MIRACLE happens.

I still think it will be BANKRUPTCY with ND somehow getting Sera Labs back again (private).

[Wavefan11]

Pura Vida--the sad tale of another stock hit victim is so familiar. We all need to be much more skeptical of these grand promises and notions by high talkers and I'm not only referring to RD. I'm curious about your comment that Sera Labs had a "CURE plant" that RD bought back from Nancy. I didn't know ND ever owned a plant. I thought that Seralabs outsourced production of product elsewhere and the manufacturing plant in Oxnard was a separate part of CURE's pharmaceutical endeavors which they sold long ago. But even if seralab product was made there, I'm pretty certain ND never owned that plant. Wasn't Seralabs a very small entity from the get go? Why would they own a manufacturing plant?

[Student of the Game]

What about Y/E tax sales? There will be no buyers.

PURA VIDA!!

[PURA VIDA]

2 cents bid going to collapse when conversions begin.

[PURA VIDA]

WF11, thank you for your kind words about my buddy and his family.
He took a hard hit and died while holding between 80-90K dollars worth
of shares. He kept falling for the Rob Davidson bullshit.

In another post (couldn't find it when briefly looking), I outlined the other
companies that RD has belonged to and the lawsuits that he was also
involved in with those. He really doesn't have a great track record.

I've only been following this to see it go from CURE, to Cure/Sera Labs,
to Avenir Wellness. RD did a good job escaping the IONIC lawsuit by
saddling Nancy and company with both the debt and the lawsuit. Why
he is still Chairman of the Board is beyond me. I have not been able to
find in any filings if Sera Labs is still having the CURE plant that RD bought
back from Nancy and Company along with the patents. Avenir really isn't
very transparent.

I also outlined in a prior post the several iterations that Nancy Duitch herself
has been through. She has changed products several times and finally settled
upon the line that now has Nicole being the ambassador of (to no real benefit of
either her or the product line).

And as you rightfully point out, the director's of the company show on 8K's that they
themselves get fairly high enumeration along with stock awards/options. Doubt they are getting too much these days though - unless the convertible debt loans are just going to pay their wages.

There is so much debt here - I don't know how ANYONE can be bullish or recommend this company to anyone. It's just a matter of time before BANKRUPTCY and Nancy will most likely figure out how to bail it out of BANKRUPTCY and take it private again.

Either way - shareholder's always are the one's who get left empty handed.

Have a great day.

[Wavefan11]

So sorry for your friend and his family. But I have to wonder, are any of the senior officers really left holding any weights? They have all continued to draw significant salaries, benefits, and travel swag, not to mention equities which I am sure they will leverage in some way. I think they ALL knew exactly what they were doing--field stripping the company for quick profits because perhaps they felt the value of those assets was not possible to potentiate. After all, there are hundreds of celebrity adjacent cosmetics and nutriceuticals, and hundreds of pharmaceutical delivery systems, both standard and nano, and there was nothing special about these except for the hype. In fact, I think there was a possible latent toxicity that appeared in people who were using their vitamin strips. I'm not sure what the facts are but I read about postings regarding abnormal labs after even short term usage so maybe there were issues not fully understood.

[PURA VIDA]

And he then left Nancy and Shareholder's holding the barbells
as they sink in the quicksand - so sad and aggravating. I still feel
so bad for my friend's family..... he died but it is his family who truly
suffered from it.

[Student of the Game]

How could Rob Davidson not have understood that this deal was going to sink the ship?

Smart people told him prior to the signing of this toxic deal; that it was poison; and he did it anyway. He is solely to blame for the mess this company finds itself in. Quicksand that you can't get out of!!


Pura Vida!!

[PURA VIDA]

The "Deal" that sunk the ship.....

10 Million Dollars of Convertible Debt

[Student of the Game]

No Money!! There would have been a negative cash balance had they not raised some VERY dilutive convertible funding right before the books were closed for the quarter.

Sales WAY DOWN quarter to quarter!! Almost approaching no sales!

DEFAULTED DEBT!! NO WAY TO RAISE MONEY.

CROWN JEWEL patents were sold to a Company that Rob Davidson is President of. (AWFUL CONFLICT OF INTEREST)!

They are clearly boxed into a corner with NO WAY OUT!!

PURA VIDA!!!

[Dickmo]

The company offers quality products promoted through familiar faces. There has to be an upside to this. At the current stock price, this looks like an interesting speculation.

[Wavefan11]

Sadly must agree with Pura Vida. There is zero demand for what they sell--celebrity adjacent cosmetics and supplements are an over saturated market and I was never sure what effect NK could possibly have.. I couldn't honestly find a single positive comment anywhere that wasn't from an "insider" or friend of the company players. I noted a few years ago there were a few posts about people who developed abnormal blood work after using their "strips" so I grew very concerned about what that may bode as well.

[PURA VIDA]

10Q on time - but they are BROKE

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001643301/000147793224004816/avrw_10q.htm
https://www.sec.gov/edgar/browse/?CIK=0001643301

OUCH

As of June 30, 2024, the Company had $19 thousand of cash on hand, had an accumulated deficit of $126.0 million and a working capital deficit of $12.7 million. Our operating activities consume a portion of our cash resources. We anticipate that we will continue to incur operating losses and negative cash flows from operations as we execute our strategic and business development initiatives. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company may need to complete additional equity or debt financings to fully execute its business plans and strategies.

Looking closer to BANKRUPTCY than ever without a MIRACLE.

[PURA VIDA]

Yes sir, it is GRIM. Hard to believe
the ship has not gone below the surface with as much water
as it has taken on thus far. Just a matter of time until there won't be
any more funds available from the LOAN SHARK.

I still believe BANKRUPTCY is inevitable here without some sort of MIRACLE.

[Wavefan11]

Thanks Pura Vida....it was there. 605K in PPP and 308K used for payroll "liabilities" which is another way of saying employees may have also collected unemployment benefits.....this practice was everywhere. The entire statement is GRIM and that was several years ago.