Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Avix management has been trying to raise funds for quite some time now and not, may I add, successfully. No intelligent investor will invest in a company whose books aren't complete and current so it is only logical for the company to clean up its filings and look professional when trying to persuade potential investors that Avix has the potential to get them a good ROI.
I hope for all shareholders sake that 2013 is the year they start on the road to being operational.
Correction, that should have read $0.0045.
Tony, all I was saying was that anybody who buys the stock at today's prices of around $0.045 should be able to double or triple his money in 2013. Based on the performance of this stock I don't think that is an unreasonable assumption. My comment had nothing to do with all those shareholders who bought at higher prices.
Wishing you all the best for 2013.
What have you got against tripling your money? I think most investors wouldn't have a problem with that.
You paying 10 cents for the stock has absolutely nothing to do with when I say that investors buying the stock today at TODAY'S price can easily double or triple their money in the new year. Tripling your money is a good deal in any language. I am sure that if the stock went to 30 cents you'd be delighted to have tripled your money. That is no different than someone buying it at .0045 and the stock goes to .014 (which is not unlikely) and tripling his investment. Math is math, you can argue all you want but the result is still the same.
Anybody buying up stock at today's prices should easily double or triple his investment in 2013. Avix stock has been going up and down like a yo-yo from half a penny to 1.5 plus forever and will continue to do that.
Companies promoting penny and sub-penny stocks is not the same as the company itself putting out a PR. Most PR companies will tell you not to make any announcement 10 days to a week before and the week after Christmas. It's a waste of money, something Avix doesn't have.
It's Christmas season and I would be very surprised to see any PR coming out this year. It's a slow time of the year anyway and very little point in making any announcements when potential investors are all over the world celebrating the holidays with friends and families. The last thing on their mind at this time of the year is looking at new opportunities in the penny and sub-penny markets. Let's get past new Year's before expecting an announcement of any kind.
Should Avix ever get funded then you should see the pps go past the 20 cents, at least until the 1st financial filings showing if the company is generating revenue or not. I'm not saying it will stay at $0.20 as that will depend somewhat on the P/E ratio but IMHO there will be enough investors / speculators who would see this stock as a quick way to make a handsome profit and run it up past 20 cents.
That's an easy one. It will move when the company gets the website up and running and starts to generate some revenue.
PR's that announce new acquisitions, etc. won't have any long term positive effect on the pps unless accompanied with a report of having acquired funding to turn any of the acquisitions into a revenue producing company.
I don't want to sound like I am negative, but just because there are a ton of Pink Sheet companies not submitting any filings does not equate to AVIX making an extra effort. AVIX is only doing what any reputable publicly traded company that wants to promote itself as a serious company should be doing: filing financials and keeping shareholders informed of any transactions that the company enters into.
If AVIX wanted to go a little extra it could make an effort to have the "OTC Pink Limited Information®" symbol/notation removed. With this removed I think the stock would garner more interest from larger serious investors.
Having said that, I agree that even these limited filings are better than most Pink Sheet companies and better than no filings. It tells shareholders that the company hasn't ceased trying to increase shareholder value. Are these filings enough info for me to increase my holding or to sell? No on both counts. I'll just hold until I see more news, any news.
The financial filings are unaudited statements and as such cost next to nothing as you don't need an accountant to do them. Since the company has no business, there is very little change from one quarter to the next and the notes in the filings are also the same from quarter to quarter with only changes added. It's a template and any president worth his salt can do the financials in a very short time and without incurring any costs. I am sure AVIX uses an accounting package (a simple $100 one will suffice for a company with virtually no transactions) and it does all the statements required for filing.
I wouldn't read anything into the fact they filed. I am interested in seeing what the filings contain and all I see that what may or may not be of significance is that 100 million shares paid for the software was returned to treasury. I would have liked to see an explanation for that.
The move Avix should have made was at the time of signing the agreement with Helpful. For the 100 mil shares Avix paid it should have included a functioning interactive website, not just the software. Had that been done, the company would have had an opportunity to begin earning some revenue.
That's the problem with time. My beard is getting longer and my bank account smaller while I'm waiting. . .
I agree there may be other news regarding more acquisitions, however, what value do these acquisitions have when there are no funds to do anything with them? I can't see the PPS move from the sub penny to the 2 penny range until the company secures some funding to make any of these acquisitions pay off in a revenue generating business. Maybe they should sell one of their acquisitions to fund the one that has the most potential.
The only good news would be if they announced funding for the website. They may have purchased the software but it looks like the deal did not include building the website for the software. That takes something that AVIX doesn't have (according to their latest Financials), $$$$. Otherwise, their announcement in July that the website would be completed in a couple of weeks would have started generating profits by now.
"AVIX Technologies, Inc. has executed and closed the Software Licensing and Services Agreement for MyLottoClicks software with Helpful Technologies, Inc., a Florida Corporation.
Mr. Reno J. Calabrigo, President of AVIX stated, "We are extremely enthusiastic about closing this new exciting venture with Helpful Technologies, Inc." He further stated, "The interactive website for MyLottoClicks should be completed within the next two weeks and subsequent selling of the software worldwide, shortly thereafter."
The way I understand it is that when shares are returned to treasury the Company purchases them from the shareholder. Mind you the quarterly report only stated 100 mil shares were returned to treasury, it didn't say they were Helpful's shares. However, other than the President/Past President and Helpful nobody has 100 mil shares so I assumed they must be Helpful's shares that they paid for the license. I guess I shouldn't assume but why would the company purchase back shares from any shareholder and if they did at what price and for what purpose?
An excerpt from the quarterly filings of Nov. 1, 2012 for the period ending Sep.30, 2012.
Does anybody know why the shares issued to Helpful would be returned to the treasury?
"In July 2012, the Company issued a total of 100,000,000 shares of restricted in connection with the acquisition of a software license as stated in Note 4 for $1,000,000.
In July 2012, 100,000,000 shares of stock were returned to treasury."
Currently there is nothing to promote. Avix needs to get Helpful to finish the website before spending money on a promo-team. I am positive that once the website is up and running any $$$ spent on promotion will pay off handsomely, but only after the website is up.
It is apparent that there are issues with the website. Did the agreement call for just the "patent pending" software and maintenance of the software only or did it include the building of the website?
If the agreement didn't include the building of the website then that may be where the delay is. It's certainly longer than the two weeks estimated back on July 16, 2012. According to AVIX' filed financials there is no cash to build the website and it may just be that management is trying to raise some capital to build the website.
On the other hand, if it did include the interactive website, AVIX management should be putting a lot more pressure on Helpful to complete it.
Shareholders deserve an explanation of why the website is not up and running and generating revenue as announced in July.
"AVIX Technologies, Inc. has executed and closed the Software Licensing and Services Agreement for MyLottoClicks software with Helpful Technologies, Inc., a Florida Corporation.
Mr. Reno J. Calabrigo, President of AVIX stated, "We are extremely enthusiastic about closing this new exciting venture with Helpful Technologies, Inc." He further stated, "The interactive website for MyLottoClicks should be completed within the next two weeks and subsequent selling of the software worldwide, shortly thereafter."
if the Board held a gun to your head to purchase the shares you may have a case.
The thing is how many are in it for a short term, make some money and get out? I suspect that a lot of speculators who bought in at .005 to .01 will probably cash out a good portion when it reaches .03 to .04 to get their investment back and then keep some for the long term as now they aren't playing with their own money anymore.
As you correctly stated, no stock goes straight up and this stock, if they ever get the website up and running and earn some revenue has the potential to earn the early investors some nice profits - long term.
If the company actually performs as per their 3 year forecast, the E/S will be $.02 in year 1 (based on $8 mil revenue/earnings) and $.06 in year 2 ($26 mil) and $0.17 year 3. Investors can see the growth here and a 10 to 20cent plus p/s would be in line with their earnings (somewhere down the road). However, I noticed that the June 5, 2012 PR announcing these projections has been deleted from the OTCBB and the OTC Markets website. Maybe they have new projections?
I think you'll find that the former President of Avix and the current President have the majority of the 423 million shares outstanding. Helpful has only 25% (100 mil).
And thank you for finally seeing the light that once the website is up that, other than the odd update, the website is the sole responsibility of Avix. Only Avix determines what to do with it and what needs to be added to make it a revenue producing website. All Helpful is doing is writing the code for the number generator, the rest is up to Avix.
Have agreat Avix day.
The website IS the business and as per Gurin all Helpful is responsible for is to program the software and any updates (which is the maintenance part of the website). That's it! It is Avix responsibility and only theirs to make the website a success.
"AVIX IS ONE OUR CUSTOMERS, WHO HAS PURCHASED ONE OF OUR SOFTWARE PRODUCTS CALLED MYLOTTOCLICKS. ANY STATEMENTS OTHERWISE ARE INACCURATE. HELPFUL TECHNOLOGIES INC. WILL ONLY PROGRAM THE SOFTWARE AND ITS UPDATES. THE COMMERCIAL SUCCESS, INCLUDING ANY AND ALL SALES AND REVENUES ARE ENTIRELY UP TO AVIX PERFORMANCE."
I couldn't care less about spelling mistakes on posts here, however, when your website only contains 2 words, I think it's just a little bit more professional if you spell those 2 words correctly. Of course, if your company doesn't care what image it projects then by all means don't worry about spelling or how accurate the content is.
Actually, I have a pretty good idea based on what Gurin said in his post. He stated that Avix had total and sole responsibility for the website and the forecasted revenues. What is typical in agreements such as this is that the authoring company of the software maintains it for a time period ( usually a year) and after that will maintain it for a fee.
I am pretty sure that "Comming" is not Russian for money as it is not a Russian word, but rather an often misspelled English word.
This whole forum is for people to post their opinions, so mine is just that, an opinion based on what I know and sometimes just suspect.
When I say launch, I mean more than publishing the site on line. To launch a business, especially the way they forecasted mylottoclicks revenues, you need to launch it with some promotion/marketing or all you will have is a dormant website. However, that's just my opinion.
The license and service agreement just gives Avix the software and probably maintaining it for a period of time. That's it.
At least they have updated the website but you would think they could have gotten more than 50% of the words spelled correctly, especially since there are only 2.
"Comming Soon"
This PR was nothing but an answer to people wanting to hear something from the company. What it did was what I said all along, that the forecasts were nothing but extremely optimistic forecasts based on a lot of assumptions including adequate funding to even launch the website. Mylottoclicks isn't even close to getting launched and might never get launched as the company has no funds to get it to that stage and as per the PR:
"The statements referencing any future financial projections and pro-formas were strictly speculative and should not be relied upon by investors as having any degree of likelihood of occurrence."
As far as any new assets the company is looking to acquire, unless they have capital the company can use to operate and produce revenue, it will just be another acquisition that will go nowhere. From what I can see, what the company needs is funding to turn the assets it is acquiring into a revenue producing company. Until it has revenue, the pps will stay where it is, going up and down but generally settling at the 1 to 2 pennies per share.
And just what is the PR supposed to announce? That it is taking longer than expected to complete the software? Everybody already knows that. Do you want them to give you a new date so that if they miss that then they have to put out another PR to say they are late again? Publishing PR's is not free.
Even if they were to come out with one, the pps wouldn't move much as they are still not a revenue generating company and the value of the company is largely based on the earnings per share and with no earnings the true value of the company is still the same, with or without a PR.
Does anyone know why the OTCBB and the OTC Pinks have different information on Avix?
OTCBB
Shares
20,904,601
Market Cap
313.57 k
OTC Pink
Shares Outstanding
422,913,210
Market Value
$8,035,351
I think you missed the point of the PR. It was not to say the site should be up in 2 weeks, but rather that the deal closed. That was the PR. The 2 week forecast probably shouldn't have been mentioned as there are always issues that come up when building a new website and times forecast are about as accurate as weather forecasts.
Why waste money on a PR to say what we all know, it's late with the website. FYI, it costs $$ to put out a news release, so when you do at least announce something worth the cost.
You mean it doesn't?
Somebody also doesn't understand that when a company files it's financials and reports with the SEC that the history of the company has to be included, even if it is all OLD and has no bearing on the present state of the company. I don't know what the purpose was for posting it as I am pretty sure that every shareholder read the filings before investing in the company.
I thought I had addressed it very clearly. I ignored the phrase because:
a)it was a personal e-mail to me answering a simple question I had asked
b)it contained no confidential information
c)the phrase used is not enforceable
I also thought my answer to your STOP sign question was addressed.
Have a great AVIX day!
This from the University of Toronto on e-mails:
"Do not include general disclaimers, such as statements like “This e-mail is confidential and intended for the recipient only. Redistribution is prohibited.” The confidentiality of e-mail can never be guaranteed, and you cannot enforce a disclaimer of this kind. If you are concerned about privacy, use a more secure means of communication."
By the way, I do come to a complete stop at STOP signs. However, do you always maintain the speed limit, never exceeding it? Do you ensure you are driving at the posted limit on city streets and highways? Are you sure you don't even go 1mph over?
Just a thought...
Yes, I ignored that phrase on the bottom.
Companies put that on their e-mails because they don't want confidential information distributed without their permission.
This was a personal e-mail using a company e-mail address. There wasn't anything in the e-mail that was confidential and since Gurin posted on IHUB, confirmation of that post by him isn't divulging any confidential information.
It's really not a big deal. Yes, Omalley could have done the same thing but I really don't care why he didn't.
That phrase on the bottom is pretty well any business e-mail. I see very few e-mails from businesses that don't have that.
I should have waited for a reply before posting what I did.
Lesson learned.