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Actually the SEC and FINRA could do a hell of a lot more. They only scratch the surface, which is why penny scams are still rampant. But if a ticker is unfortunate enough to get their attention in a sea of crap...it is doomed.
I am glad that SEC/FINRA are finally doing their job to stop most of these CEO in penny land that are only selling shares with no products and constant RS. Too many scams in penny land.
I hope to get in here tomorrow.
AVNE
Make that 37.5%
I'm up 25% already. May not hold, but it looks great on paper.
That could be. Worth the risk. I'm not exactly betting the farm on this trade.
sometimes, but usually you see the bounce on the first day. good luck with your trade but I get the feeling people will get home from work today, see what happened, say oh shit and bail.
In my experience 85% drop is the buy point for at least a flip.
waiting for .01, I may jump in.
Grabbed some at .04 as a contrarian buy.
EASY *10 IMO, TOO MUCH LOW MARKET CAP!!! IF CANNABIS ACQUISTION REALIZES MAY SEE DOLLARS!!!
my 0.04 thought pre market just might be close, what a shame
Yep, spot on. These suspensions are like clockwork. Textbook.
Working on what?
The only option available to them that would have any impact on anything is to get a market maker to file a 211. Absolutely nothing else matters.
But that is not going to happen for a variety of reasons.
Game over.
Thanks. Hope so.
I'm of the opinion that if they plan to stay in the MJ sector, and are able to close the iEquity deal, then they'll go through with their forward split. The likelihood of all that is somewhat questionable at this point though.
Only time will tell.
So, does everyone still think they will do forward split?
I think some understood what it was going to take to sell quickly and put in a reasonable sell order.
me too. I thought it would take a little longer.
That was actually a little quicker than I expected...
as you suggested earlier, a litigation defense?
a lawyer was working on it,
working on what?
will this bounce like NORX, MDDD, or GGBL?
Yep. first trade at 0.10
Today's the "BIG" day ,AVNE trades
maybe. sometimes it takes awhile for buyers and sellers to agree. sometimes days.
SOUNDS LIKE A VERY CONVOLUTED MESS
Today's the "BIG" day ,AVNE trades......... 0.04 close?
I hope not 0.04 fer traders in but the greys is a whole nodder ball game
Is what it is and I guess we will all see the outcome very soon ,
the money being lost these days with the SEC/FINRA stepping in is just sick ,
makes me sick fer sure.
When this stock came out I said buying now would be a mistake we do not know what it is. Now we do and buy when everyone else is selling. sell when everyone else is buying.
SK3 owns the Co from a stock swap.
SK3 merge with AEGY that SK3 owns anyway.
AVNE from the stock swap gets: Aventura receiving the rights to the intellectual property in the proprietary technology, processes, formulations, and marks of Berkeley Bio that have already been developed,
So SK3 owns all the stuff anyway, meaning it can figure who gets how much money from what.
If SK3 thinks having AVNE showing income from proprietary technology, processes, formulations, and marks of Berkeley Bio that have already been developed, then the stock has value. If SK3 says no value thetre then why the foward split and ticker?
on sale. Buy when when everyone else is selling.
The question is whose gonna buy at any price?
Thinking .10 to .15....
.03 to .05 at the open
Any guesses on what the opening may be?
Will trade tomorrow as a gray sheet.
"The Securities and Exchange Commission ("Commission") announced the temporary
suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the "Exchange
Act"), of trading in the securities of Aventura Equities, Inc. ("Aventura") commencing at 9:30
a.m. EST on March 5, 2014, and terminating at 11:59 p.m. EDT on March 18, 2014. "
Today's the 18th, no movement yet. Anybody have word as to what is happening?
Working on what? A litigation defense?
I saw a post That the owner has a lawyer working on it..Who knows. Hope it works out for you..
The SEC should turn the lights off in this obvious share selling, reverse splitting scam
In effect, that is exactly what they did.
The SEC should turn the lights off in this obvious share selling, reverse splitting scam. This is the type company gives the entire market a bad name. If they were smart they would be shorting their own stock.
"Shareholders deserve an opportunity to participate in developing and growing markets that we may have been recently exposed to and we believe may finally give the Company the gravitas it deserves."
The Company has been in discussions since June 2013 with several companies and the boards of directors continue to evaluate the prospects and the ultimate benefits to be derived for the Company shareholders.
As part of the change in direction planned by the board of directors, the Company has also dissolved the joint venture agreement previously announced, between its subsidiary Renewed World Energies and US Fuel Corporation. "The joint venture agreement never progressed satisfactorily and we believe it is in the best interest of the Company to not devote economic or human resources to this endeavor at this time," commented Mr. Armstrong."
how many of these has avne had? over the years 3 or 4 ?
Aventura Equities Announces Capital Structure Changes Including a Forward Stock Split
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Aventura Equities, Inc. (USOTC:AVNE)
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Aventura Equities Announces Capital Structure Changes Including a Forward Stock Split
GEORGETOWN, SC--(Marketwired - Feb 18, 2014) - Aventura Equities, Inc.'s (OTC Pink: AVNE) board of directors has announced that as part of its previously announced "change in corporate direction," that it has approved a change in capital structure of the Company.
The Company's board of directors has approved a forward split of the common shares of the Company. As part of the approval the Company will increase their authorized shares to 750,000,000 shares. The forward split will be nine (9) shares of common shares for every one currently held. These changes and the actual date of distribution will be subject to acceptance by the Secretary of State of Florida and FINRA which will be filed this week.
"We believe that this action will create more liquidity for our shareholders and the Company will have better opportunities presented as a result of these actions," stated Mr. Richard Armstrong, Chief Executive Officer and director of the Company. Mr. Armstrong went on to say, "We are excited with the opportunities that have been presented and we believe that our current direction will greatly enhance shareholder value, which of course has always been our goal."
The Company will promptly inform the public when it receives the effective dates of the split from FINRA.
Disclaimer: Forward Looking Statements
can you say stupid?
"We are excited with the opportunities that have been presented and we believe that our current direction will greatly enhance shareholder value, which of course has always been our goal."
look at the repeat offender avne
Security Notes
Capital Change=shs decreased by 1 for 1500 split. Pay date=06/23/2005.
Capital Change=shs decreased by 1 for 250 split. Pay date=08/18/2003.
Capital Change=shs increased by 16 for 1 split. Ex-date=05/07/2001. Rec date=04/30/2001. Pay date=04/30/2001.
Capital Change=shs decreased by 1 for 250 split. Effective date=8-17-04
Capital Change=shs decreased by 1 for 1000 split. Effective date=12-1-04
Capital Change=shs decreased by 1 for 1000 split. Effective date=3-7-05
Capital Change=shs decreased by 1 for 1250 split Pay date=01/26/2006.
Note=Trading temporarily suspended by the SEC pursuant to Section 12(k) of the Securities and Exchange Act of 1934 from 9:30 AM EST on 03/05/2014 through 11:59 PM EST on 03/18/2014.
Capital Change=shs decreased by 1 for 7500 split, Fractional shs rounded up to nearest 100 round-lot shs. Pay date=11/03/2008.
Should be interesting soon... GL
"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.
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
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.
Yep once a scam always a scam lol tried algae before.
So the CEO tried to ride the MJ wave and ended up screwing the whole company LMAO
What a truly absurd idea.
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