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Avitar, Inc. (AVTI) RSS Feed

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Avitar, Inc.

Common Stock Dark or Defunct
OTC Pink No Information

Reporting Status Dark: Alternative Reporting Standard
Deregistered a/o Nov 30, 2010
Last time filing 1993!


OTC Markets Group's Policy Regarding Caveat Emptor

Caveat Emptor Logo

OTC Markets Group identifies securities with a Caveat Emptor symbol to inform investors that there may be reason to exercise additional care and perform thorough due diligence in making investment decisions for a particular security. The Caveat Emptor symbol is displayed in place of the OTCQX, OTCQB or OTC Pink marketplace designations and is distributed on market data feeds. The symbol is displayed wherever OTC Markets Group quote data is available. The designation is available to all market participants, including investors, broker-dealers, and clearing firms, so that they can make informed trading decisions.

Reasons Why a Caveat Emptor Designation is Assigned:

  • Promotion/Spam without Adequate Current Information — The security is being promoted to the public, but adequate current information about the company has not been made available to the public. Adequate current information must be publicly available during any period when a security is the subject of ongoing promotional activities. At such instances, as a matter of policy, when adequate current information is not made available, OTC Markets Group will label the security as "Caveat Emptor." Promotional activities may include spam email, unsolicited faxes or news releases, whether they are published by the company or a third party
    Investigation of Fraud or Other Criminal Activities — There is an investigation of fraudulent or other criminal activity involving the company, its securities or insiders. When OTC Markets Group becomes aware of such investigation, the company’s securities may be subject to Caveat Emptor
    Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt)
    Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available
    Unsolicited Quotes — The security has only been quoted on an unsolicited basis since it entered the public markets and the company has not made adequate current information available to the public
    Other Public Interest Concern — OTC Markets Group has determined that there is a public interest concern regarding the security. Such concerns may include but are not limited to promotion, spam or disruptive corporate actions even when adequate current information is available
Be aware of the multiple promotions that have been done on this dirty shell.

AVTI Security Details
Share Structure
Market Cap 292,526 05/16/2018
Authorized Shares 800,000,000 05/15/2018
Outstanding Shares 731,314,846 05/15/2018
Restricted 427,944 05/15/2018
Unrestricted 730,886,902 05/15/2018
Held at DTC 729,294,826 05/15/2018

Thanks to the anonomous tipper who found this great bit of DD. Good read on what the GELMON and friends team does


Both Michael and Corey Gelmon are SCAM artists. Just know who you get in bed with is all I am saying. History is a good tell-tell sometimes of the future. These guys have a ton of history in penny scams is all I am saying.

Michael J. Gelmon has his own ugly past when it comes to penny stocks.

Michael J. Gelmon and his brother, Cory Gelmon, have been connected to some real scammy shells.

But I know you like LINKS , so here's the proof:

Protocall Technologies, Inc (PCLI)

http://investorshub.advfn.com/boards/board.aspx?board_id=8977

Avitar, Inc (AVTI)

http://investorshub.advfn.com/boards/board.aspx?board_id=7644

Epicus Communications Group Inc. (EPCG)

http://investorshub.advfn.com/boards/board.aspx?board_id=6138

Safeguard Security Holdings, Inc (SSHS)

http://investorshub.advfn.com/boards/board.aspx?board_id=1455

PaperFree Medical Solutions, Inc (PFMS)

http://investorshub.advfn.com/boards/board.aspx?board_id=3390

ALL major stinkers trading at almost worthless.

PCLI was another John Jarvis/Claude Eldridge connected shell.

AVTI and PFMS both had a very dirty connection to Corey Ribotsky.

Michael Gelmon and Cory Gelmon are both very close to Corey Ribotsky. Together the three of them formed the NIR Group.

Together in June of 2010, Michael Gelmon, Cory Gelmon, Corey Ribotsky, and Eagle Ridge Capital Corp (an entity controlled by Michael and Cory Gelmon) formed a Cayman Islands based entity called Haverstock Offshore Manager, LLC to use for the type of toxic financing deals that kill publicly traded companies.

http://www.sec.gov/Archives/edgar/data/1450748/000114036110030099/xslFormDX01/primary_doc.xml

The same type of financing that the group did using New Millennium Capital Partners II, LLC, AJW Qualified Partners, LLC, AJW Offshore, Ltd. and AJW Partners, LLC - collectively known as NIR Group.

More on the Gelmon / Ribotsky connections:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=59591483

http://investorshub.advfn.com/boards/board.aspx?board_id=11792

Ribotsky is now having to deal with the Feds for his role in NIR Group fraud:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=61365089


Eagle Ridge Capital Corp, an entity controlled by Michael and Cory Gelmon, was named in OSC litigation along with NIR Group in December of 2009 for their role in the stock manipulation of the TSX ticker, ELOC:

http://www.osc.gov.on.ca/en/26565.htm


http://investorshub.advfn.com/boards/read_msg.aspx?message_id=69953015


This was a simple search on Michael Gelmon. Seems he has a history of making every company go bust that he touches in pennyland.
 
 
This information posted by WarMachine and should not be changed without written consent from the named MODERATOR. Any additions to the ibox are to done BELOW this section per ADMIN.
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