Aventura Equities Inc (AVNE)

[EmptyBones]

Should be interesting soon... GL

[ok husband]

"But forward splits are common" i don't find them common at all but the few i have seen have been dealt with by the sec by kicking them to the grey sheets. i was in avne before they reverse split so i have been here quite awhile. they should not have reverse split imo. they said they did the reverse split so that they could get a better quality shareholder/ and a better market place / uplist yadda yadda , and now they want to forward split because they didn't get the traction and the quality buyers of the stock because they are too expensive for most investors buying .0001 stocks. when they p rd they were going into the mmj business their was no rally. one mistake after the other in my opinion put them like a deer in the headlights of the sec for suspension among other things.

[EmptyBones]

I own a small share here. Pocket money. But forward splits are common. Alot feel SKTO is the problem some how. We will have to wait to see the out come. GL

[ok husband]

avne was not actually in the algae business were they? they were in the organic canned spinach a while back too. did the spinach mold and create algae in which they could fuel their 3 stooges pea brain to do a forward split so they could cure cancer with cannabis oil too? woo woo woo knock knock!!
funny how the insider silence is deafening, no explanation, no highering of top notch sec attornies to fight for their worthy cause.

[traderbaiter]

Yep once a scam always a scam lol tried algae before.

[yaboy520]

So the CEO tried to ride the MJ wave and ended up screwing the whole company LMAO

[janice shell]

What a truly absurd idea.

[Commander Pennystock]

You have it completely backwards.

[ok husband]

anyone who does an r/s then a forward split come on !! the sec has told everyone these forward splits are all scams and they hurt the market makers who are short. they cannot produce the other 9 shares and the sec is more interested in protecting the market makers than a scam co. and to hell with the existing shareholders. any ceo that doesn't see this in 2014 is crazy and has had his head in a hole like an ostrich !!!he put a gun in his mouth when he announced a forward split. reverse splits are admired b/c market makers can easily hide their fails and can cover with more ease, if they absolutely have to.

[ok husband]

how can a moron ceo plead its case in front of the all knowing attys at the sec that only make $40k per year, and are under 40 years old with no experience at all in the stock market? it is like two stooges wooing wooing knock knack !! wwooo wooo wooo yikes got it?

[janice shell]

the new law says that there will be no more shorting starting march 14th even by market makers or was it no more stock borrowing to go short by market makers?

No, it does not.

[integral]

With that risky 211, comes an increase in the firms insurance and a $50,000 fine for every violation. Kinda makes for a tough day for a trader who has to swallow that pill. If you have an MM, who is willing at an SJO of a firm, the SJO owner gets the fine, not the primary, secondly, they will pass it off on to the trader. What a way to put a small SJO out of business really fast. Who wants to work for free to work off that $50,000 fine? Not worth it, many easier low hanging fruit to earn a decent living as a trader, especially when NITE is paying for the order flow. The only way to make money is to have a convertible debenture converting through your firm, and you do a lot of dumping. But then you risk unregistered securities and a suspension.

Why?

[25 Kilos of Gold]

Will they still have that 9 for 1 forward split if this trades again. It will open at 10 cents or less the day they let it trade again. I would be surprised if they would drop the price to a penny with the forward split. That would be insane.

[EmptyBones]

lol...GL

[risk on]

What? Lol, uh no, I did not. But, I have been in a shut down, bout a year ago. I just set a limit and hoped when it went grays, and it filled. Mentally wrote it off, ckd 60 days later and saw the cash in my ETRADE account , granted it was a whole lot less than when it went gray to start w .

[EmptyBones]

I know you owned some here. GL

[risk on]

It's not easy to see shut down symbols, but accepting the reality, then just hoping to get something out of the grays, is about all any can do. The SEC won't reverse the call, there's no instant replay in the OTC, but there's plenty of Red flags.

[EmptyBones]

GL...

[CGardener]

that's your explanation of what was incorrect about my post? nice.

[CGardener]

what's "wrong"? the 10 days will come and go, as always happens. it's impossible to shorten or lengthen the time, no matter what the company does. the future is grey, or worse if the SEC decides it's worth the effort.

[CGardener]

and your support for this is what? did you get a different response from the Brazilian treasury? I took the time to send them the actual docs filed as exhibits to the 8-K, so I wasn't asking for a theoretical answer. what have you done to show that the bond is real?

[CGardener]

"pleading his case" to whom? one of the biggest myths of the suspension process is that ther is some dialogue between the company and the SEC, and the SEC can somehow be convinced to change its mind.

[CGardener]

the only way to get off the greys is to get a sponsoring broker to file a new 211 with FINRA on behalf of the company and make additional certifications to FINRA so as to get FINRA approval. good luck with that.

[tdbowieknife]

No... The SEC has already seen enough detail to suspend. These suspensions all play out pretty much the same.

[tdbowieknife]

I know that will not happen...

[lucky, mydog]

CEO is pleading his case and should get reversed....

that doesn't happen. ever. and it won't happen here. everyone always thinks their suspended scam is different. they never are.

[EmptyBones]

I have a feeling that AVNE might be the rare case that gets removed from the greys very quickly when the SEC finds out that all of the details.

I have looked at the financials and they are golden. Compared to the others involved... IMO

[Rawnoc]

Has that ever happened?

[EmptyBones]

Me to. But I'm sure CEO is pleading his case and should get reversed....

[votrade]

I will get in after the suspension is lifted and pps is very LOW.

[tdbowieknife]

Doesn't even apply to penny stocks.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98326884

[tdbowieknife]

That March 14th end of the barrow program has absolutely nothing to do with shorting stock.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98110502

[ok husband]

the new law says that there will be no more shorting starting march 14th even by market makers or was it no more stock borrowing to go short by market makers? and my understanding even grey sheet stocks have to be covered

[ok husband]

it will trade without market makers trade for trade matching only.

[Rawnoc]

Any short who doesn't like 90% returns over night is an idiot. The daily "fees" are based on the reduced value of the position. So a 90% gain means fees on the tiny 10% left which would be say 1% annually aka basically nothing.

Agreed, cover when it begins trading again in case of rally. Shorting doesn't change. The fee structure is the same as it's been for decades. If there's any shorts in AVNE they are happy right now.

[janice shell]

The shorts I know don't like it. And there's always the danger that the thing, even if moribund, will have a brief run.

Shorting isn't the same as it once was. As long as they have a position open, they pay daily fees.

[Rawnoc]

Suspension means shareholders are porked 99% of the time though there is a first time for everything.

[Rawnoc]

That's bull. Shorts don't "need" to cover and a 90% tankage is even better. A short can leave his position open indefinitely unless forced to cover. There is no incentive to cover if a stock is dead.

[tdbowieknife]

It will trade again March 19th on the Grey Market.

[janice shell]

No, it doesn't work that way. The suspension will end automatically at midnight on the day given in the suspension notice.

It will be eligible to be traded on the Grey Market the next day. Some formerly suspended stocks begin trading right away. Others don't trade for a few hours, or even a few days. It all depends on the amount of interest, and on who feels like being the first to take the plunge.

Some brokerages require that clients call in to make trades, but most all online trading of Greys.

Market makers will not be allowed to make a market or publish quotes. You will, however, be able to see the trades as they happen, and to follow time and sales. If you want to trade, it'll be up to you to enter a limit order for a price you think will be acceptable. Trades will be matched, and the MMs, who will facilitate them, are entirely free to accept only the orders they want to accept.

Usually trading will be extremely volatile for awhile. Usually on the first day the stock price drops 60-80%. Subsequently it may tick up a bit. Eventually it'll plateau, as volume drops to almost nothing.

As for clearing up the issues, that's unlikely to happen anytime soon. Probably the SEC is conducting an investigation, and they take a long time.

[Budd Kind]

I've never had a stock suspended before. What are the chances this trades again? It seems the discrepancy from iEquity acquiring control, combined with the SKTO pr that contradicted the AVNE pr, is what caused this. If they clear up the issues, does it just resume trading?

[janice shell]

Don't you think it makes sense that a shorter called the SEC? Not talking about a regular shorter but someone who is a big player shorter.

No. Contrary to popular belief, shorts don't want suspensions. They take the price down, but make it more difficult for them to cover.

[janice shell]

CEO will prove company is current on there filings…

Relevance? Obviously they're current with their filings. Anyone can make that determination. It has nothing to do with why they were suspended.

[janice shell]

where are the insiders saying this is not right, that this is unamerican and that they will fight this tooth and nail?

Some companies whose stocks are suspended do make statements, usually saying merely that they're "cooperating with the SEC and hope to resolve this matter soon". Normally, they do that either immediately after the suspension, or once the stock has resumed trading. The "matter" is never resolved "soon".

Others don't comment at all. Some are never heard from again.

[tdbowieknife]

No... Even if a "shorter" filed a complaint. The SEC obviously found some issues that warranted a 10 day suspension. The SEC does not take a suspension lightly, they know it will kill the stock.

The SEC has already "looked into it" and came to the conclusion to suspend. It's already a done deal. There will be no green lights or clearance from the SEC.

In the end the company and the stock will be left to die on the Grey Market...

[grandmasterb3]

Here's my take on suspension. Don't you think it makes sense that a shorter called the SEC? Not talking about a regular shorter but someone who is a big player shorter. When AVNE does its split think how much a shorter would have to cover and how much money they would lose. Once the SEC gets a complaint they have to look into it. I believe after they do it will come back clear and AVNE will get the green light and in the end it will look better for AVNE. Just my thoughts!

[hedge_fun]

If "little richard" has proof, as was "alleged".......

by the poster I responded to, that the Hipple Dumpling Gang or anyone else is responsible for the suspension, then "little richard" MUST give the info to the SEC.

The poster suggested "little richard" may just keep quiet so the bad guys don't get in trouble.

I suggest "little richard" has no choice but to look out for shareholders, not the human debris at iEquity.

Clear enough?

Sorry if I wasn't earlier.

Thanks

[DMOST]

Aventura Equities Inc (AVNE)

"Novice I see.............................................."

Yup..........................................WE WILL SEE.



"peace"

[EmptyBones]

Novice I see. CEO will prove company is current on there filings... Patience we will see. I have play money, what ever happens no loss to me.. I'm thinking of others who have a big position...ENJOY....

[DMOST]

Aventura Equities Inc (AVNE)

Even if I believed that is all that you had gambled here, my response would still be.................."Can a Buffalo Skate"............we lay down our money and we take our chances, sometimes we win, sometimes we loose...................END OF STORY.


"peace"