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Didn't we just have a spike like that? Why, yes, we did.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97149114
Janice, do you mean Christ on a crutch (CC)?
Wow, soooo many things wrong with that post.
Yes, a month-old press release. And your point is...?
From what I have been told, you guys are all pointing the finger at the wrong party. Unfortunately for you, AVNE probably cannot defend itself before the SEC without exposing IEquity's negligent confusion (at best), or deceptions (seems likely in my opinion), or outright lies (at worst).
AVNE and the IEquity folks do not have the same attorneys. Most of what you're saying seems to apply to IEquity, not to AVNE, which is not "run by three stooges."
Jeez, read the AVNE press release and figure it out. The definitive agreement was signed on behalf of AVNE and on behalf of IEquity.
No, they're not publicly available and I haven't seen them - but Henry Jan has.
If AVNE brings a lawsuit over this, I expect that the documents will be filed as exhibits to the complaint.
C'monnnn, we have been through this already. IEquity does NOT have a controlling interest in AVNE (check AVNE's filings!), and will not. Their saying that they did caused the problem for AVNE, but I strongly suspect that their having lied about it will soon cause a problem for them.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98319747
Almost impossible to believe:
dont let fear get to you when the gain out ways the risk kids ...i can see the EN-ZONE from hear
and, same guy:
I WOULD LIKE A APOLOGIZE. FROM YOU.. IF YOUR MAN ENOUGH
DID YOUR PARENTS NOT TEACH YOU WITH PATIENTS FOLLOWS GREAT BENEFITS?
Benz is a big part of this problem, IMO. We will see.
They did NOT take a controlling interest in AVNE. That is exactly the problem. If Henry Jan had possessed the mental horsepower to read and understand the legal documents that were signed, this suspension would not have happened.
I think we'll see AVNE abort this transaction with IEquity. Whether that will satisfy the SEC remains to be seen.
Well, yeah, being current wouldn't matter in the case of outright fraud, for example, but I'm confident that that's not what we have here (at least not on AVNE's part). I guess we'll have to wait and see....
In this case, I think the suspension was due to the actions of another company -- IEquity's "clarifying" press release, combined with their website statement that they had signed an agreement to acquire control of AVNE (which was not true, as I have previously posted). So, although I understand the basis for the suspension, how can the SEC penalize AVNE long-term?
Also, opening in the grey market is usually the kiss of death, but how many of those companies were current on their filings? And check the chart of MDDD for an example of a stock that did just fine after its suspension (I am not otherwise comparing AVNE with MDDD).
One closing thought:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=98217889
Yes, should be positive, but neutral at worst. Now that SKTO and AEGY got their merger announcement out today, I expect to see a PR from SKTO or IEquity shortly, clarifying that Aventura Labs - which AVNE is acquiring - does indeed own everything that AVNE said it does.
Having more shares available to trade, and a lower stock price, should both tend to increase the trading volume (even more than 9x what it was before the split, in this case). That's why companies often say that they're doing a split to increase liquidity, even though it shouldn't make any difference strictly from a mathematical standpoint.
Also, a lower-priced stock is seen by many retail investors as more likely to double or triple, which can also make it more promotable.
No it doesn't.
No, that is not correct. In a 9:1 split, a holder of one share ends up with 9. That means 8 new shares, not 9 new shares.
And this is NOT dilution. Please look up the term in a good financial dictionary. Dilution is a reduction of one's percentage ownership in a company, whereas with a split all the percentages remain the same.
"Can someone explain the hierarchy of the iEquity Corporation?"
I'm thinking it's like this.
Egomaniacs on top.
Incompetents just under them.
Then come the dimbulbs.
Then morons underneath.
Consider the source.
Quick, someone contact the Lying Rebuttal Press Release Department at IEquity and get them to crank one out!! Benz, are you there?
The term hold would legally mean that the license and IP is in the possession of Aventura Labs - and AVNE is acquiring AL from iEquity.
There is absolutely nothing to indicate that AVNE has to license the products to SKTO.
The AVNE states clearly they have the license in their possession - they haven't retracted the press release and iEquity hasn't backed up SKTO.
All of those statements are absolutely true.
Nice buy!
XXXX TOO! THEIR 'OUR' FRIENDS!
"Release was made by the management of Aventura Equities without any prior notice, involvement, or approval of SKTO's management, which could have made the release more clear had it been obtained in advance."
I believe that this is either a case of one person at IEquity not knowing what another was doing, or a flat-out lie. Either way, they are clowns. The truth will come out.
Darrell was never actually employed or engaged by Rubicon. I doubt he even got paid anything for the IR work he did - I think it was just a little value-added favor that he did for IEquity while they were in discussions with AVNE.
Also, note that AVNE's 9/30 financials say that the cert issued to Rubicon is on "administrative hold," and that AVNE's Consulting Agreement with Rubicon is "on hold."
News flash: Benz doesn't know WTF is going on, either.
Darrell has been working with AVNE for years. He got involved with SKTO IR just to help out last summer, after the IEquity-AVNE discussions had started. My guess is that he thought they needed someone who knew what he was doing.
They did lots of reverses under prior management. The most recent one was six years ago.
The current forward split will take place after FINRA approval which will probably take another week or so.
AVNE announced a 9:1 forward split, not a reverse split.
I'd go with the lying scenario.
Yet again xxxx has proven none believers wrong I hope nobody got heart by the people who easily get confussed and they sold out too manipulation
Not quite.
"The licenses that Aventura Laboratories currently holds include; Dharmanol, Yak Capsules, Yeti Honeybud Oilers, Organakoil, Red Diamond Oil, and other products, trademarks, formulations, and trade secrets that are licensed to SK3 Group's wholesale managed collectives."
Plus whatever "limited" license they agree upon for the Berkeley technologies or products.
Yep. This PR is wordsmithing by a lawyer (it takes one to know one :) ). And the rest of the PR that doesn't relate specifically to Berkeley is unaffected by this non-clarifying "clarification."
"The licenses that Aventura Laboratories currently holds include; Dharmanol, Yak Capsules, Yeti Honeybud Oilers, Organakoil, Red Diamond Oil, and other products, trademarks, formulations, and trade secrets that are licensed to SK3 Group's wholesale managed collectives."
I guess they will get the Berkeley license stuff straightened out. In the meantime, the rest of the PR appears unaffected:
The licenses that Aventura Laboratories currently holds include; Dharmanol, Yak Capsules, Yeti Honeybud Oilers, Organakoil, Red Diamond Oil, and other products, trademarks, formulations, and trade secrets that are licensed to SK3 Group's wholesale managed collectives.
Hahahahahaha! This is very interesting. Note to the board: Whatever you do, don't sell any AVNE in the .37s. PM me to find out why not.
Wish I knew, but I've stopped trying to figure this one out.
At least the outstanding didn't increase by too much.
Obviously SKTO and IEquity moved assets around between June 30, 2013 and today.
If they didn't do it correctly, this deal won't make it past the due diligence period.