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Did is sound promising? Thanks for your response.
Yes, I did. As their last OTC Markets filing indicated, they have still not yet received a subpoena from the SEC, although they have requested one before they deliver documents.
That's all I'll say about this right now. We will have to let it play out.
satelliteguy did you speak to management lately? Still holding all my shares
Nope, not gonna happen. Watch and learn.
BTW the last reverse split, six years ago under different (unrelated) management, has no relevance to the company today.
Watch the volume drop to almost nothing and then trade sub-penny. History once again repeats itself here. Nothing but R/S since inception.
Notice of late filing of the annual report is now up on OTC Markets:
"The recent suspension of trading for ten(10) days has caused the Company to delay the issuance of the report to be a date no later than April 14, 2014. Management engaged an attorney to respond to any questions the Securities and Exchange Commission may have. To date the Company has not received a written request for information from the Commission."
Very interesting indeed...
Well look what i found.. http://aventuraequities.com/
Where is the pr for the forward split approval by finra?
one must remember it was the actions of the board and the ceo that put this in the greys
No I am not in this at all. To shady of a past with many r/s. My largest position by far is TRT$ doing a lot of flipping and adding to TRT$. However I do have a lot of AEG$ but 75% is in TRT$. This board isnow dead. I was following this as it was tied in with AEG$ orginally but not sure what is happening.
No it is no longer suspended. However it is starting to look like the roach motel. You can get in but you cant get out!!
Is this still suspendid, i thought i saw it trading a few days ago, do not own any shares TIA
No, some companies really struggle to do it right. But scam companies are just that. Scams. They cut corners, break the law, and profit from it.
This appears to be a scam, and with that, most likely is one of the scams on the OTC. I do not think this is one of the ones trying to do it with the right stuff.
avne is one of the worst reverse split offenders on record
Great chance for you to dump now. Hope you could move some of the mother load as it went up today.
Best wishes.
LOL!! My point was that there's a window in which formerly suspended Greys can be traded. Eventually volume will die, and opportunities will be few and far between.
Yes, that's how one makes money in the market.
Buying then selling.
And then selling.
Somebody apparently buying.
Yeah but is anyone buying this?
It's too dangerous to buy at higher levels.
My $0.04 purchases are now up 300%. Not too shabby.
lol... It's going up. All otc must be fraud then..
Actually, AVNE has been a Fraud since 2001 and should have been suspended since then:
http://www.otcmarkets.com/stock/AVNE/company-info
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.
The Split won't happen anymore! as it won't be approved by FINAR being a Fraud.
im still waiting on the split too
no. finra has to approve all splits and that is not likely on a grey market stock that was suspended by the sec.
If the split was the reason for the suspension, is it even possible for the split to go through??
No. I never predicted any price. I said it'd reopen down 60-80%.
And it did.
Wow, is that 9-1 forward split still on the agenda...eom
Been watching AVNE it doubled today! Same situation. It started trading again this week. Check it out. All hope is not lost! Be careful about dumping this right away. Shorts still have to cover... All is not lost!
You are up 125%! Go Rawnoc, it's your birthday!
Who would those be?
It's amazing how prices change in the stock market.
how can that be it is .06 you bought at .04 but why?
Very nice congrats! I had bids in a bit lower and obviously didn't get filled. Wasn't brave enough for 4's....
I own 20-30 positions at any one time, and this is my smallest position of them all. If my position gets wiped out, I'll live.
It's certainly not the worst gamble you could take in the world with the ticker being down so far post-suspension, but it is a pretty risky one. Don't expect much to happen in terms of trading on AVNE until some news comes out about what their plans going forward are.
While there is a slight chance for extremely large gains, there's also the undeniably larger and real risk of losing whatever you put into this stock.
My $0.04 purchases are now up 100%. Not too shabby.
Every Suspended stock says that. They all also say, audits are around the corner, and listing on NASDAQ is imminent.
avne can go to .0000 by .0001 no market makers no reason to buy. no trusted insiders imo. wait for news from insiders letting you know they will fight this at least.
You can definitely buy it on Ameritrade.
Question, where does one buy AVNE? Because you can't obviously buy it on etrade or ameritrade
Hope beyond hope
what's it take for a company to get out of grey?
Something that over 99% of suspended OTC issues seem incapable of making happen.
No offense but take the .04-.-05 and run as they never come back off a grey market.
this crew tried to pull a fast one on the SEC and deserved to be shut down.
Hope you did not get to crushed as i know it was a big one for you.
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