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Bam! Down 16 cents on 11k shares. What a wacky stock. Bummer for those who bought this at .29
-faz
Another 16% up today. I nearly bought on the 40% drop midday, but I thought the run was over. That hurts.
-faz
Beats me. I totally forgot about this piece of crap months ago, to be honest.
Best of luck!
Was trading halted on AVPJ ?
Andros Isle Development Corp (AVPJ.PK)
1031 Ives Dairy Rd., Suite #228
Miami, FL 33179
Phone: 305-914-0159
Fax: 305-675-3866
E-mail: info@androsisledevelopment.net
Web site: http://www.androsisledevelopment.net
Company info: http://www.pinksheets.com/pink/quote/quote.jsp?symbol=AVPJ#getCompanyInfo
I see the last trade was on August 8th, one day after the press release about the Bahamas project.
http://www.otcbb.com/asp/quote_module.asp?qm_page=22034&symbol=AVPJ
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Andros Isle Development Limited Long Island, Bahamas Acquisition - Tuesday August 7, 8:47 am ET
http://biz.yahoo.com/iw/070807/0287171.html
http://finance.yahoo.com/q?s=AVPJ.PK
LAS VEGAS, NV--(MARKET WIRE)--Aug 7, 2007 -- Andros Isle Development Limited, a wholly owned subsidiary of Andros Isle Development Corporation (Other OTC:AVPJ.PK - News), is pleased to announce that it has signed a Definitive Purchase Agreement to acquire the Plantation Bay Resort project in Ferguson Point, Long Island, The Commonwealth of the Bahamas.
The project sits on a 27 acre tract of land in Ferguson Point, in northern Long Island. The property has 2,700 linear feet of Caribbean Beach frontage that will be the highlight of this exclusive, high-end resort community. Andros Isle Development Limited plans to offer 36 one-third acre lots with either canal frontage or ocean frontage starting at $500,000 U.S.D. per lot. In addition, Andros will offer 5 one-acre plus estate home sites each with at least 100 feet of beach frontage starting at $1.2MM U.S.D. per estate site.
Donald Harper, President and CEO of Andros Isle Development Corporation, stated: "We look forward to developing one the most distinctive, exclusive properties in the southern outer Islands. Our goal with Plantation Bay is to provide our residents with a truly spectacular vacation home experience."
About Andros Isle Development Corp.
Andros Isle Development Corporation (Other OTC:AVPJ.PK - News) is a publicly traded real estate development company that specializes in the acquisition and development of luxury resorts in the Caribbean Basin, and in converting luxury hotels into Condo Hotels. The company's principal objective is sustainable, long-term growth in earnings through the acquisition, development and re-sale of luxury resort properties.
Contact:
Investor Relations
A. Austin & Company
(702)386-5379
Contact: Steven Becker
Philly: Thanks for the post! All should take HEED!!!!!!
Lucky
AVPJ - Andros Isle Development Corp - Pump & Dump Alleged
The Nassau Guardian - August 13, 2007
Stock Scam Trading On Bahamas Boom
By VERNON CLEMENT JONES, Senior Business Reporter, vernon@nasguard.com
http://www.thenassauguardian.com/bixex/307543305169122.php
Scam artists looking to make a quick buck selling stocks over the Internet continue to use The Bahamas and its boom in resort development to draw in victims.
The ring's latest gambit focuses on the announcement of a resort project for Ferguson Point, Long Island. As with two past scams, Andros Isle - a U.S. company traded over-the-counter - is billed as the developer behind the multi-million-dollar project, which may sound too good to be true.
"The project sits on a 27 acre tract of land in Ferguson Point, in northern Long Island," reads the press release posted on the Web Tuesday. "The property has 2,700 linear feet of Caribbean Beach frontage that will be the highlight of this exclusive, high-end resort community.
"Andros Isle Development Limited plans to offer 36 one-third acre lots with either canal frontage or ocean frontage starting at $500,000 U.S.D. per lot. In addition, Andros will offer five one-acre plus estate home sites each with at least 100 feet of beach frontage starting at $1.2MM U.S.D. per estate site."
The scam's goal isn't to sell the non-existent lots but to create buzz about the project and Andros Isle. Readers are then encouraged to buy shares in the company on the largely unregulated exchange.
If enough people take the bait, the stock price surges as potentially thousands of investors rush in to purchase. Most have responded to emails advertising the development deal.
The criminals - who held stock at its low, starting price - cash out at the highest, potentially winning hundreds of thousands of dollars in the process.
"It's call pump and dump," said Arthur Stein, an analyst with the Securities Exchange Commission. "It works because it is trading off the current resort development boom in The Bahamas and so it sounds plausible that the project is genuine.
"It usually isn't."
Unlike bigger exchanges on Wall Street and in large American centers, companies trading stock over-the -counter do not have to be listed with the S.E.C. and are not subject to its oversight and filing requirements.
Their absence leaves little protection for investors in Andros Isle.
A chart of its trading history points to a pattern of sharp increases in activity after the announcement of a project in The Bahamas. There have been three such developments announced this year alone. None have come to fruition.
Guardian calls to the investor relations telephone number cited in yesterday's Internet posting were not returned.
The hot development market of The Bahamas will likely continue to draw scam artists looking to exploit the interest of American investors.
In the past the Bahamian government has been slow to distance itself from this kind of fraudulent activity.
Here, again, Guardian calls on Tuesday - this time to the Investment unit of the Prime Minister's office - were not returned.
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Company info at pinksheets.com
http://www.pinksheets.com/pink/quote/quote.jsp?symbol=AVPJ#getCompanyInfo
Man! Totally forgot about this stock! Bettcha' Rick Berman has TOO!!!!!
Tonyp: Don't think so.
Hi guys I'm fairly new to the penny stocks so I might ask you some dumb questions. A win with LFZA and aloss with IOGH. I followed RSDS and AVPJ over the weekend and went with the wrong choice. I resd what you said about buying at the ask to try and move the stock, 1mil @.0065. Then they wailed on me. My question is,is there a joint venture between RSDS and AVPJ and can this add a lot of value.$$$$$$$ Thanks
Anyone taken a bite of that spread and willing to pay double for the stock wants it awfully bad. Glty.
Investing in the stock (shock) market can be likened to how Thomas Edison viewed life:
How do you feel about mistakes you have made in your life? How are you responding to disastrous events that have happened to you? Have you allowed yourself to learn from them and move on, or are they still dragging you down into the muck of feeling like a failure?
Let me tell you a story that may help you put these kinds of events in perspective. On the evening of December 9, 1914, fire blazed through the concrete building of Edison Industries, gutting the work place of famous inventor Thomas Edison. At the age of sixty-seven, one of the world’s great geniuses lost his lifetime of work in that fire!
Talk about tragedy, a disaster—and Edison had contributed to it by making a mistake and only insuring his building for a small sum. The morning after the fire, as Edison stood among the ashes of his life’s work, he said, “There is a great value in disaster. All our mistakes are burned up. Thank God we can start anew.”
What a positive perspective in the face of profound loss! It takes great hope to survey the ashes around you and see value in them. If you’re like most people, as you think back to your divorce, your unexpected pregnancy, or the death of your spouse, your first thought probably isn’t, “There is great value there. Look at everything I am going to learn!”
Think back over the seasons of your life when you really changed as a person—those moments of “great value” that altered your perspective. Did those times follow great success or great failure? If you are like most people, those significant moments probably followed great grief, failure, mistakes or disasters.
We tend to see problems as negatives rather than as challenges—even opportunities to make something new out of the stuff of our lives. But as we choose to head down that road, taking one step at a time in the dark, and then beginning to walk, then run as you start to see the light, you will build a track record of success. Your present crisis slips into the past then becomes a memory, while the hopeful future you once thought seem so distant becomes your present.
Edison was right. Valuable lessons do come from the ashes of challenging experiences. He didn’t just say that to sound good. Edison lived it. Once when an assistants commented on the inventor’s lack of results—fifty thousand failures as he endeavored to design a storage battery, for example—Edison had a great comeback. “Results? Why, man I have gotten a lot of results. I know fifty thousand things that won’t work.”
Thomas Edison could have given up after the fire, but three weeks after the blaze, he completed the first phonograph, one of his greatest inventions."
So ... one of the wisest statements I ever heard when it comes to investing, WAS:
"After you make the same common mistakes that other investors have made (and you WILL make them!) ... and LEARN from those mistakes ... you will then begin to consistently make MORE money in the stock market than what you lose."
I'm still in the process of learning ...
Lucky
Thanks, Blue and BS, for posting.
If anyone has any insights or opinions into the type of business this company is engaged in, please feel free to post them.
Lucky
Nice Job Lucky. There is definitely a story unfolding with this company. Look forward to seeing more DD in the box. I hope to contribute. BLUE
Lucky: Think I put a GTC on this, and patiently waiting for a couple of nervous nelly's to help them to unload.
In the dead of winter here in the north country, this sure sounds inviting to ME!:
The Dominican Republic's beaches are widely celebrated as being among the world's best, and for good reason. Here, more than 1,000 miles of sugar-colored sand is gently lapped by warm waters so clear and blue one has to see to believe. Depending on location, the beaches offer a gentle lullaby for an oceanside nap or enough wind to keep a Technicolor kiteboard adrift.
Super fine white sand sprinkled with coconut palm trees line the east coast while golden sand defines the beaches of the north coast. Adding a third color to the palette are the grey sand playas of Barahona in the west. Some of these areas are populated with resorts featuring a full array of watersports, food vendors, people watching and other activities. While others take visitors to another world of pristine tranquility with peaceful, uninhabited beaches. Here, the only intrusions are a towering coconut palm and the swaying breeze.
Here's pertinents for AVPJ: http://www.pinksheets.com/quote/company_profile.jsp?symbol=AVPJ
Lucky
If I'm going to be invested in RSDS, I might just as well start looking for a place to stay in the Domincan Republic where I can spend all my riches!
Lucky
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