I agree, any educated or experienced trader won't place a block that large on the ask, unless there a run with high volume. The sell would generally be smaller blocks. If it was multiple sellers you'd never end up with a even 5 mil ask. Def. MM's blocking the ask.

AFPW

Even if they are late filing, they won't go to pinks. The OTCBB has a "three strike" system before being removed from OTC. AAVG has no strikes at this point, they may get an "E" designation if late, which is removed upon correction of the issue.

I'm more concerned about the 8K Auditor issue than the 10K. I'm very pro AAVG, but if they have not secured an auditor as required, it could point to problems within the company (just my opinion).

In the email that BG got from Henry it said that they felt the 10K would get done. That would have to indicate that a new auditor was being brought on board, or the differences were being worked out with the old auditor.

The good news in the previous 8K was that the former auditor reported no discrpencies or problems to the SEC, which they are required by law to do.

Has anyone sent an email off to Henry to see where these issues stand? We are assuming quite a bit here, maybe he could answer most of the questions about the 10K and auditor issue.

Still think things looking bright for AAVG, how many pennies are out there without a little snag here and there. Our biggest problem here is we are starving for news and some are tired of waiting and selling. But, to say your holding long and then becoming discouraged after a 4 or 5 months? Is that really holding long? Not by the IRS standards!! Your short!!

No problem...I'm thinking that wall @.0015 is pretty much MM's trying to discourage buying at the ask..


AFPW

Here's the L2...

Nice little wall MM's have at .0015, maybe they are expecting a run and want to keep this down. Could be in response to Europe or in anticipation of annuals.


AFPW

I look at the OFAC like this, the same division handles all sanctions and business to do with counties with sanctions. All of the new termoil in the Middle East ie; Iran, Syria, Libya, etc has likely caused extra workload for that office. I'm sure that Cuba has become a low priority with them, especially approving a Cuban Service Provider.

It will come, just will probably be when someone realizes it's still on their desk and needs to move forward. IMO

AAVG

LOL...story of my life!!

No one on that board seems worried like here...

Just for information and to make some feel better, I own some AFP*, another real company, with a new technology in which they just delivered their first device to the US Air Force. My point is, AFP* has also NOT filed their 10K as of Friday, so we shouldn't be too concerned yet....


AAVG

I think we should all go and have a sit-down with the management team of AAVG. Whats wrong with a investors meeting? Could be informal sit down at the local bar..lol

I would honestly dish out the cost of airfare and hotel to have a conversation with the team.

BTW, In the 70's (aging myself) I was with the DQA Section with the 416th Bombardment Wing. I can tell you a lot about refueling equipment, but can't help much with running an airline!

I have searched all of the FAA and DOT, can't find any mention, application or approval for Commuter Air Carrier Status for Berry. Others have told me they do, but haven't seen proof.
If they do have DOT, possibility their records are sealed due to the Military Contracts and sensitive nature of their flights.

Berry may not need DOT for their business activity. Being a Charter/On-Demand Service, they can fly to any one destination with 3 flights per week. With that said, they could fly 50 or 100 flights a week if they don't fly to the same destination more than 3 times. So if Berry caters to the sports teams and entertainment industry, they would not be flying to the same destinations often in the same week. They also can't post a regular flight schedule, which they wouldn't need to do. Of course with the military they'd be allowed anything.

AAVG is looking for DOT because they want regularly scheduled flights to the Bahamas and Cuba. If DOT didn't come, it could mean a shift in the business plan to new destinations and activities, but certainly still can be a growing company.

Just my opinion.

AAVG

As a government employee myself, having the approval of a
Mil Spec. piece of equipment becomes very important when making technology purchases, especially if using Federal Funding which is available and used widely by federal, state, county and local governments. This also includes Tribal Nations and Territories.
A federal/military acceptance is not only important, it's huge.

Also remember that the National Oceanic and Atmospheric Administration (NOAA)/National Weather Service and the USGS are federal agencies and are potential customers. They are just the tip of the iceburg!

IMO

AFPW

Berry does not have DOT and look at their success. If there was a DOT denial, I think Avstar/Twin Air can do fine without it.

Found this in a recent 2012 issue of the Florida Sport Fishing Journal. At least we know they are out there advertising. Actually decent looking add, the logo seems fresher looking that of the past one I've seen.

Question to anyone that can answer: Can they file without a Certified Independant Accountant? I thought OTCBB/SEC required it.
Could they have brought on another accountant without reporting it?

5:30PM EST on day of deadline. I guess we'll know Monday...

From what I've read, the OTCBB has a "three strike" rule. Can be late twice and recieve an "E" designation each time, which is removed upon filing. The third time the stock is removed from the OTC and a hearing is set up if the company wishes to appeal.

AAVG will not be removed for being late once, if in fact they are late.

Would have to find buyers..lol

Between the wife and I we are holding close to 6 mil., so hopefully things look up next week. If not, I shudder at the thought..lol

I would think if there was any major issues we would have seen AAVG pumped and a sell-off of some shares.

We obviously have not been pumped and there has been no significant selling.

This could snap back to .0030 pretty easily today, the ask looks thin.

Has anyone fired off an email to Henry and simply ask the status?

I stopped trying to figure out the SEC, DTCC, Market Makers, NYSE and why they do the things they do a long time ago. Claim they are out to protect the investor.....or was that big business and Wall Street?

From SEC File info...


If a filing due date falls on a weekend or SEC holiday, the filing is due on the following business day.
The EDGAR system hours of operation for submitting files are 6:00 a.m. to 10:00 p.m. Eastern Time, weekdays, excluding Federal Holidays. Files submitted after 5:30 p.m. Eastern (with the exception of Section 16 filings) will receive the next business day's filing date.
Companies may request a filing extension for their Form 10-Q's and 10-K's by submitting Form 12b-25 via the EDGAR system. By filing this form, a filer may gain up to 5 additional days to file Form 10-Q or 15 days to file Form 10-K. Companies have up to 24 hours after the original filing deadline to file Form 12b-25.

Just a few jumping the gun with non-filing discussions. Lets wait and see if it actually happens.

Well, the talk of selling and loss of value have caused some to sell obviously...


AAVG

I agree, just verified that fact.

FYI...

"The failure to file a required SEC report on time constitutes a violation of Section 13(a) of the Exchange Act and the SEC could institute an administrative proceeding against the late filer,among other things, seeking revocation of the company’s registration under the Exchange Act. These proceedings by the SEC are uncommon and are typically aimed at recurring and egregious violations.

I expect that we'll see the announcement of the purchase of 3 new jumbo jets, a new control hub in Florida and the takeover of JetBlue (who BTW increased both flights and revenue last year). New second chance drilling at the oil and natural gas assests yielding millions of gallons/cubic ft per year. Finally a new aircraft manufacturing facility with military contracts!

This is only speculation, plus I awoke from this dream..lol

This what happens when your up half the night working on last minute taxes, so very glad I'm not an active Day Trader!!

I seriously think Avstar will be close to break even, with maybe a minor loss, but do expect a substantial improvement.

AAVG

Should be a good thing. NITE could be doing 3 different things with that 10m bid @ .0012.

1. Could actually be buy orders from investors @ .0012.

2. Could be NITE looking to pick up shares to block us with later.

3. Could be a FAKE bid, used to manipulate investors and will disappear or move at some point.

or a combination of the above.

Only number 2 is really bad.

We all hate the games that MM's play, but they do serve a purpose by creating liquidity in the market, they stablize the pps and do process the trades through the DTCC. Can we imagine no MM's? Every stock would run hard, of course the market would implode!

GO AFPW

I think quite a bit depends on how much service work thay have been doing on other planes. The Maint/Service component of Avstar could have a substantial bearing on revenue, if managed and promoted properly. Yes, the added "illegal" flights might add a little revenue, but I doubt more than a few K, considering expenses to run those few extra flights. Also must consider they are now leasing a plane, which I don't think they were doing in 2010. Just IMO.

AAVG..

No kidding, I did the .0028 paint. I watched the L2 hit 4:00 and it was still at .0028 at 4:01.. now it says .0025 @ 3:59:51.

Oh well tried.

Someone purposely whacked this down everytime it tried to move up today. There were no sellers today, just whackers!!!!

AAVG

Jumped in today, IMO this is primed...

The events of the past 4 or 5 days have just been strange. Could just be lack of volume giving MM's free rein and impatient investors selling, even maybe due to tax time (or all of the above). But, just strange that the buying that was happening here periodically, just seems to have halted.

AAVG

Government does not pay on delivery, I've worked in the government all of my life. Will be likely 30-60days. There may also be a performance stipulation where the product must perform up to the Air Force specs before acceptance.

AFPW

If it looks like a rat and smells like a rat......check his history!!!

Possibility of company raising capitol? Doesn't quite seem to be just random selling...

Of course a little buying would be nice too...

AFPW

Looks like MM's are putting those newly acquired at .0030 to make a little wall or a few people are putting shares out on the ask.

At less than 110K at .0029 we should be able to be back into the 30's....

AAVG

I'm sure it was just an oversight, they probably release dozens of documents a month with only a few being posted. With everything going on with sanctions in other countries now, Cuba sanctions are likely the least of their concerns right now.

L2 screenshot....

The updated Cuban Service Provider list was never posted as being released on the OFAC site when it came out on March 1st.