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AVNE is acquiring Aventura Laboratories, as their press release said. If someone posted here that AVNE is acquiring SKTO, I missed the post - that would be an incorrect and stupid statement.
Yeah, that kinda pisses me off too. But if you look at AVNE's filings, you'll see that most of the transactions were done when the stock price was much lower. The cash from these guys kept AVNE afloat for years, and I don't know that anyone could have anticipated back then that the stock would one day be .40.
I don't have the answers to your questions about the internal workings of SKTO. What aspect of the AVNE PR do you think makes no sense? -- because, in fact, it is the reality. Take anything IEquity says with a pile of salt.
NO NO NO. These are three separate public companies, and will remain such.
Who ever said that AVNE was acquiring SKTO? Ridiculous.
Why do you guys all keep thinking there will be a merger? It will never, ever, ever happen. There is no reason for it. It would make no sense.
Right. As I posted earlier today, Henry jumped the gun, at best.
LOL, Rick is not a dick. He is a 60-year-old engineer, he works hard, and one of him is worth 10 IEquity people.
Thanks for the wishes :)
Last summer people were saying that MedScience Laboratories "WAS" AVNE, based on that erroneous website. I said no, it wasn't. I don't believe I ever said that there had been no discussions between AVNE management and IEquity management (I had no way of "proclaiming" that one way or the other). At most, there was a letter of intent with escrowed shares of AVNE, as AVNE's public filings since have indicated. The definitive agreement was not signed until a few days ago.
I still maintain that the IEquity website statement is not correct as of this moment. You tell me, does a 16% interest = control?
Huh? No, SKTO stock will not be involved in the transaction. AVNE will acquire the stock of Aventura Laboratories, Inc.
Maybe that is Hipple/Jan 101, but I've known AVNE management for a long time and am quite confident that they're going to get a fair deal (at minimum).
As I've said before, I don't care when the affiliate was created, as long as it owns all the assets that AVNE expects to acquire when it acquires the stock of the affiliate. I guess we will see after due diligence....
Sure. If the transaction closes, AVNE will acquire the stock of a subsidiary or affiliate of IEquity which owns certain assets, in exchange for which IEquity will receive shares of AVNE.
No link, just proclaimin'. But show me where I said something incorrect about IEquity because I honestly don't recall having made an error.
LOL. I was only quoting from AVNE's PR. I can't speak to what SK3 has or doesn't have.
Now you're catching on! Aventura Laboratories owns the license, and sublicenses to SK3's collectives.
Read AVNE's press release from TODAY. It is not out-of-date information.
"About Aventura Laboratories, Inc.
Aventura Laboratories, Inc. holds cannabis-related intellectual property and licensing rights to a number of products currently sold by third parties in the California medical marijuana market. 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."
Unfortunately, some of you guys are riding the wrong horse.
No. That makes no sense, legally or practically.
That column of the filing does not refer to the domicile of the stockholder.
But AVNE is not AEGY. No, Hipple is not involved.
Stop changing the subject - it is tiresome. Your statements that I'm challenging have nothing to do with the fact that AVNE put out a press release today.
Let's see if you're up for a defamation suit. Why don't you tell all of us about how you think Rick Armstrong received free stock in AEGY and SKTO and did all sorts of bad things in the process.
The "nonsense" I was referring to was the part of your post that suggested that Rick received shares from AEGY or SKTO for "consulting," but you already knew that.
And yes, Rick's full name is Richard, but there are plenty of Richards in the world and if you knew Rick, you'd know that your innuendo about him is ridiculous - so I wondered whether you were referring to someone else.
Who do you mean by "Richard," Rick Armstrong? I guarantee that he did not receive shares for "consulting" AEGY or SKTO. How are you making up this nonsense?
Take a look for yourself.
http://www.otcmarkets.com/financialReportViewer?symbol=AVNE&id=116636
I don't know (or particularly care) why that website posted erroneous information. Again, I suggest that everyone stick to AVNE's public filings and press releases. By Richard do you mean Rick Armstrong? He was busy working two jobs, one of which was running a public company, so I think you can assume that he was not paying attention to message boards and stock promoter websites. You're just making stuff up with absolutely no basis for it.
The amendment is already available at OTCmarkets.com. You have previously been told that Hipple is not involved in any way with AVNE.
This was discussed on the boards last summer, as you noted. Apparently Henry Jan jumped the gun when IEquity was having initial conversations with AVNE management in June, and he has jumped the gun again now with that "controlling interest" statement. I suggest that everyone who prefers facts to distortions rely on AVNE's public releases and filings rather than whatever Henry puts out.
Reminds me of an all-time classic OOPS from elsewhere - from the mouth of a file room employee at a New York law firm, asking her wiser older colleague:
"Where France, South America?"
Of course, the stock doesn't meet NASDAG's, err, NASDAQ's criteria right now, but Hugh can be very persuasive!
So exciting to see the hugh volume in trades in just a few hours! Heading to the NASDAG is great news!
Yes, I know why. The answer is that it makes no sense to focus on percentage increases or decreases on thinly traded stocks with wide spreads. As soon as someone hits the bid, it will be back down 23%.
Y'know what? I understand and basically agree with what you just wrote as well. Today's trading also confirms that people have short attention spans. However, I expect that we will hear from the company shortly, and certainly by the end of next week at the latest.
No thanks, I am not at all a fan of SKTO.
Cannabee is not going to be popping up anywhere.
Henry Jans tends to go off-script when he's not being minded closely, so don't put too much stock in his "IEquity has a controlling interest in everything!!" statements. But see my prior posts -- it is not difficult to reconcile the seemingly conflicting statements about AVNE. In exchange for Aventura Labs (including the assets that will have been put into it), IEquity will obtain a large chunk of AVNE stock.
Fair disclosure: I edited my previous post for clarity, so you may want to edit your response.
IEquity is acquiring a chunk of a public company, AVNE. That doesn't mean that IEquity itself is going to be trading under AVNE. So you're right, it's not a nice, clean reverse triangular merger - it will be more like a holding company arrangement, I guess. We don't know just yet because we have not seen the definitive transaction documents and the public statements haven't been too helpful.
As to the first part of your post, the acquisition of Aventura Laboratories is being structured somewhat like a typical reverse merger, where the acquiree assumes control of the acquirer going forward. This should not be that difficult to grasp. In exchange for the acquired company, the parent of the acquired company is receiving equity in the acquirer. The Facebook posting is more correct, but the IEquity statement is not entirely wrong in a simplistic, egotistical way like you'd expect from Henry Jan.
As to the second part of your post, we have been through this already. Have you forgotten?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=97743218
It is not correct to say "there is no business," and I don't give a crap whether the company being acquired has a website.
That's just silly, to be charitable. They just signed an agreement over the weekend for a major transaction that will affect the direction of the company and you don't think that when the deal closes they're going to be telling the public about it? They just filed for a split and when it's consummated in a week or two you don't think they're going to be telling the public anything? Sure, whatever.
Sorry, but even The way of how The articel has been written Shows You that it is done by a child and nothing at all professionell.
It sure will slojab!