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Interesting from the way you have been talking they have already received payment for the shoes in advance. This would confirm they are indeed a legitimate company would it not? You cannot have it both ways.
I agree, these are ridiculous claims, and Gelmon would not risk the litigation especially since he is a lawyer himself, and knows what could happen to himself for misrepresentation. It is a typo plain and simple and is merely someone referring to Johnny with a possessive form of grammar Johnnie's. Just plain silly this is even a topic of discussion.
Doubtful the recieve any proceeds until delivery. Would you give someone money before you recieved the goods? They may have booked the sales but certainly have not received any money for it. Also thanks for confirming that they have sold the shoes and the company is legitimate.
I will take my chances, if I need a financial advisor I can find one in the yellow pages.
So we are supposed to believe you over the PR and Ludlow Capital LOL? Seriously? Give me a break. How about Johnny Famous himself?
Today Johnny Famous has redefined his image and has expanded his talents into other areas in entertainment, such as acting, producing, fashion design and emcee hosting. 2008 was the break out year for Johnny Famous Shoes, reintroducing cult classic designs to the men’s shoe line marking excellence in men’s wardrobe.
http://johnnyfamous.ning.com/page/johnnys-bio
What are you talking about? The Johnnie's vs. Johnny thing? They are the same company LMAO!
It says right in the PR by September 15th.
Avitar, Inc. (Pinksheets:AVTI - News) is pleased to announce that its Joint Venture with Johnnie's Famous Shoes, Inc. ("Johnnie's") of New York is proceeding on target with product currently in production in Mexico and is expected to be shipped to stores sometime between August 30 and September 15th, 2010.
http://finance.yahoo.com/news/Avitar-Inc-JV-Agreement-With-iw-901830600.html?x=0&.v=1
Ludlow Capital mentions AVTI, www.johnnyfamousshoes.com and both names Johnnie and Johnny with an adjusted valuation target of $0.005 per share, near-term, that's HUGE!
On August 5, 2010, the Company updated the market on its joint venture with Johnnie's Famous Shoes, Inc. (www.johnnyfamousshoes.com) of New York. In the update the Company announced it was proceeding on target with production in Mexico for their fall product line, and were expecting to begin shipping to stores sometime between August 30 and September 15th, for the back-to-school shopping season.
http://www.wallstreetnewscast.com/news/2010/july/avti.html
News flash, low volume preceeds breakout.
If it was phony it would not of been filed with the SEC if you don't have proof don't post it.
NSS?
I for one think the PR will clear up much of the misinformation that has been spread and will definately let us know the company is legitimate, the shoes are real, and they have followed thru on their promise of delivery. They will also receive proceeds for said shoes and open doors for future business ventures.
Probably because the constant barrage of negativity that is injected on this board daily will finally be put to rest and investors will see the stock for what it is, a great investment opportunity with huge upside potential IMO.
Correct, there is no guarantee we will see a PR by the 15th, I was being optimistic on Friday but it could happen anytime after that date, thanks for pointing that out.
Anyone who trades stocks knows things don't happen overnight it takes time for tends to develop and patterns to be confirmed. Regarding the short squeeze, once a positive catylist occurs such as a PR it will cause pps to rise, which will indeed force a short squeeze, which will then drive pps even higher.
I agree, every single day it's the same story here. Possible change in A/S, Gelmon brothers are scam artists, here are some dismissed court cases, there is no short interest. It does seem like groundhog day.
Everyone is waiting for news, very good reason for low volume. The 15th is the deadline for delivery. Friday would be an appropriate timeline for a PR, let's see what happens by next Monday.
TIA
Great chart, thanks for this! Will be glad when those 'wraskly' characters are gone LOL.
Exactly, I agree 100%.
I think I am going to load up some more shares on Monday as well, it's starting to heat up around here, going to be a huge run by Friday.
Interesting so that would mean you cannot buy shares of AVTI because it is not listed on the OTC exchange, correct? Really? LMAFO It seems you are confused here, Good Luck.
No you are incorrect, filing the Form 8-K was a requirement, and shows the company wants to be transparent with their shareholders. An 8K is one of a set of forms that publicly traded companies are required to file with the Securities and Exchange Commission.
Their Web site lists a table that gives a staggering number of different forms (see for yourself) which, among its vast data listing, includes the snippet that an 8K is an initial filing for offering stock.
Fortunately, the SEC also has a specific document just on Form 8K which does a much better job of explaining what the form is for and what it includes. It's a bit confusing, because this document suggests that an 8K is a form that basically triggers the requirement for the company to file a different form if any of a specific set of events occurs. As the SEC puts it: "The instructions for Form 8-K describe the types of events that trigger a public company's obligation to file a current report, including any of the following..."
Section 1 -- Registrant's Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
Item 1.02 Termination of a Material Definitive Agreement
Item 1.03 Bankruptcy or Receivership
Section 2 -- Financial Information
Item 2.01 Completion of Acquisition or Disposition of Assets
Item 2.02 Results of Operations and Financial Condition
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement
Item 2.05 Costs Associated with Exit or Disposal Activities
Item 2.06 Material Impairments
Section 3 -- Securities and Trading Markets
Item 3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing
Item 3.02 Unregistered Sales of Equity Securities
Item 3.03 Material Modification to Rights of Security Holders
Section 4 -- Matters Related to Accountants and Financial Statements
Item 4.01 Changes in Registrant's Certifying Accountant
Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review
Section 5 -- Corporate Governance and Management
Item 5.01 Changes in Control of Registrant
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers
Item 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year
Item 5.04 Temporary Suspension of Trading Under Registrant's Employee Benefit Plans
Item 5.05 Amendment to Registrant's Code of Ethics, or Waiver of a Provision of the Code of Ethics
Section 6 -- Reserved (for future use)
Section 7 -- Regulation FD Disclosure
Section 8 -- Other Events
Item 8.01 Other Events (The registrant can use this Item to report events that are not specifically called for by Form 8-K, that the registrant considers to be of importance to security holders.)
Section 9 -- Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
And it is highly doubtful you will unless you work for one of the two companies. Companies are not obligated to post private agreements publically unless required to do so by the SEC.
You must be joking right? I hope you are not talking about the Johnnie's vs. Johnny thing, you can't be serious. Have you bothered to read the PR? LMAO
Avitar, Inc. (Pinksheets:AVTI - News) is pleased to announce that its Joint Venture with Johnnie's Famous Shoes, Inc. ("Johnnie's") of New York is proceeding on target with product currently in production in Mexico and is expected to be shipped to stores sometime between August 30 and September 15th, 2010.
http://finance.yahoo.com/news/Avitar-Inc-JV-Agreement-With-iw-901830600.html?x=0&.v=1
Ludlow Capital mentions AVTI, www.johnnyfamousshoes.com and both names Johnnie and Johnny with an adjusted valuation target of $0.005 per share, near-term, that's HUGE!
http://www.wallstreetnewscast.com/news/2010/july/avti.html
Here is some information about Ludlow Capital.
Ludlow Capital, Inc. is a boutique investment banking firm that offers financial advisory services. It offers mergers and acquisitions advisory; divestitures; debt financing; equity capital raising; and business valuation services. Additionally, the firm provides pre-acquisition reviews, financial modeling, due diligence, preparation of business plan documents, and financing memorandums services. Ludlow Capital is based in New York City.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=32432908
I agree but frivilous law suites are not IMO, so what is the purpose of bringing this up on a daily basis even after it has been proven false?
As I have said before no one spends this much time on a board with only altruistic motives and I will take what you have to say with a grain of salt.
Interesting, it seems that most of the information you post is either misleading or just plain wrong IMO. It also seems that most times has nothing to do with AVTI or the company IMO. Again we are here discussing something that has nothing to do with AVTI, let's give it a rest and move on.
DAILY SHORT INTEREST FOR 2010-09-10
Pursuant to a Securities and Exchange Commission request, FINRA has agreed to make reported short sale trade data publicly available.
Date | Symbol | Short Volume | Total Volume | Market
2010-09-10 | AVTI | 1,593,414 | 1,988,414 | O
This board is about AVTI and not NIR group, please stop posting misleading information, it does nothing for the board.
Reposting the same misleading information on a daily basis is not going to make it true. The facts are the charges were dismissed, it says so clearly in black and white. Companies engage in frivlous law suits all the time, its what keeps the laywers in business. This law suit has nothing to do with AVTI and does not need to be mentioned as it is now a mute issue.
That is completely taken out of context. As I told you before, this case was dismissed, why do you continue to post this and other information that is not true?
From my post Friday, September 10, 2010 11:18:47 AM
Here is further proof, you need to read this document, it will tell you the complete history of the case mentioned.
Nowhere in the answer or the briefs does Cyberlux point to any contract involving Gelmon, between the parties or otherwise. Therefore, in the absence of alleging the existence of an enforceable contract, Cyberlux fails to state a claim for breach of contract.
http://ny.findacase.com/research/wfrmDocViewer.aspx/xq/fac./NY/2008/20080919_0010017.NY.htm/qx
The Notes state that Cyberlux is to repay the amount borrowed plus "interest on the unpaid principal balance at the rate of 10%...per annum." Consequently, "where the rate of interest on the face of the note, as here, is not in excess of the legal rate at the time of the loan..." usurious intent must be asserted. Freitas v Geddes Sav. And Loan Ass'n, 63 NY2d 254 (1984). Cyberlux fails to allege that AJW intentionally charged an interest rate in violation of the usury statute.
Accordingly, it is
ORDERED that plaintiff's motion for a preliminary injunction is denied; and it is further
ORDERED that plaintiff's motion to dismiss defendant's counterclaims is granted in its entirety; and it is further
ORDERED that the remainder of the action shall continue.
It doesn't mean there were no short sales, just no short interest. Short interest (sold short + bought to cover) is reported bi mothly to OTC markets, short sales (sold short only) are reported daily on FINRA site. There were plenty of short sales yesterday. It seems you are really confused on this subject. Anyway here are the numbers for yesterday.
http://regsho.finra.org/FORFshvol20100909.txt
Date | Symbol | ShortVolume | TotalVolume | Market
2010-09-09 | AVTI | 4,890,000 | 9,309,721 | O
NASD Rule 3360 has been expanded to require FINRA member firms to report their short positions on all over-the-counter (“OTC”) equity securities to FINRA effective July 3, 2006. Once the short position reports are received, the short interest is then compiled for each OTC security.
Effective September 7, 2007, Rule 3360 was changed to require firms to increase the frequency of short interest reporting from monthly to semi-monthly cycles. Please refer to the Short Interest Reporting Deadlines for the current reporting schedule.
The mid-month short interest report is based on short positions held by members on the settlement date of the 15th of each month. If the 15th falls on a weekend or another non-settlement date, the designated settlement date will be the previous business day on which transactions settled. The end-of-month short interest report is based on short positions held on the last business day of the month on which transactions settle. The reports must be filed by the second business day after the reporting settlement date. The short interest data is compiled and provided for publication on the 8th business day after the reporting settlement date.
http://www.finra.org/Industry/Compliance/RegulatoryFilings/ShortInterestReporting/
You were saying? LOL I speak facts not deception.
People are motivated by their own self-interests, plain and simple, regardless if they are long or short. The FINRA numbers are maintained daily, this is evident on their website. Only the completed short sale transactions (short sale + buy to cover) are reported to the OTC markets monthly. There may be short sales that never cover on any given month so they are not reported. The FINRA numbers provide an accruate depection of how many short sales were done on any given day.
From my experience no one spends this much time on a board with only altruistic motives, so I will take what you have to say with a grain of salt, I will take my chances. In any event, we will know the rest of the story by next Friday at the latest.
Well you must have nerves of steel, I know if I was posting false information or half truths about an individual in an attempt to inject negativity and harm ones reputation, I would be very concerned. You have my respect on that.
Here is further proof, you need to read this document, it will tell you the complete history of the case mentioned.
Pay particular attention to...
Cyberlux's sixth counterclaim for breach of contract alleges that AJW made "false, fraudulent, misleading representations to induce" Cyberlux to hire Mr. Gelmon, a financial consultant. When Mr. Gelmon allegedly failed to produce alternative financing for Cyberlux, as was the purpose of his hiring, Cyberlux alleges a breach of contract on the part of AJW.
Nowhere in the answer or the briefs does Cyberlux point to any contract involving Gelmon, between the parties or otherwise. Therefore, in the absence of alleging the existence of an enforceable contract, Cyberlux fails to state a claim for breach of contract.
http://ny.findacase.com/research/wfrmDocViewer.aspx/xq/fac./NY/2008/20080919_0010017.NY.htm/qx
Accordingly, it is
ORDERED that plaintiff's motion for a preliminary injunction is denied; and it is further
ORDERED that plaintiff's motion to dismiss defendant's counterclaims is granted in its entirety; and it is further
ORDERED that the remainder of the action shall continue.
What are you talking about? The Johnnie's vs. Johnny thing? LOL They are the same company LMAO!
It says right in the PR by September 15th.
Avitar, Inc. (Pinksheets:AVTI - News) is pleased to announce that its Joint Venture with Johnnie's Famous Shoes, Inc. ("Johnnie's") of New York is proceeding on target with product currently in production in Mexico and is expected to be shipped to stores sometime between August 30 and September 15th, 2010.
http://finance.yahoo.com/news/Avitar-Inc-JV-Agreement-With-iw-901830600.html?x=0&.v=1
Ludlow Capital mentions AVTI, www.johnnyfamousshoes.com and both names Johnnie and Johnny with an adjusted valuation target of $0.005 per share, near-term, that's HUGE!
On August 5, 2010, the Company updated the market on its joint venture with Johnnie's Famous Shoes, Inc. (www.johnnyfamousshoes.com) of New York. In the update the Company announced it was proceeding on target with production in Mexico for their fall product line, and were expecting to begin shipping to stores sometime between August 30 and September 15th, for the back-to-school shopping season.
http://www.wallstreetnewscast.com/news/2010/july/avti.html
Here is some information about Ludlow Capital.
Ludlow Capital, Inc. is a boutique investment banking firm that offers financial advisory services. It offers mergers and acquisitions advisory; divestitures; debt financing; equity capital raising; and business valuation services. Additionally, the firm provides pre-acquisition reviews, financial modeling, due diligence, preparation of business plan documents, and financing memorandums services. Ludlow Capital is based in New York City.
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=32432908
They are web / fashion designers. The page you are looking at is the client preview page.
Here is the the designers portfolio.
http://www.styleportfolios.com/portfolio.php?username=Soledad337
Today starts New York's Fashion Week, they should be nervous. A PR is going to be released any day that will clear up all of the smoke that has been blowing out of the shorters on this board. Only a few days left before the 15th and the shoes hit the shelves, this run is going to be a huge money maker. Smart money loads the boat now. Even if we hit 1/2 penny the returns are HUGE. If I were to guess we will see a PR Friday or Monday to kick off the week.
Interesting, it seems that most of your claims are either half truths or pure speculation imo. You base this on what...Johnny vs. Johnnie? Seriously? LMFAO!
You have taken the words right out of my mouth. It is sad and frustrating to hear the constant daily brow beating from the same individuals over, and over again.
Enough is enough, I agree.
GLTA
So let me see if I understand you, everyone was selling and no one was buying...but wait a minute if no one was buying how could there be sellers???
This sounds like yet another useless fact that means absolutely nothing. Also, there is no indication of a reverse split now or anytime in the near future so please stick to the facts and not speculation or guess work.
Sure there are a lot of things that "could" happen like the world ending in 2012, doesn't mean I am going to sell all of my positions and hide on a mountain top LOL.
TIA
yeah, I have seen you post this a couple of times, point is made, we have a week for the PR...yikes maybe I will sell it all now instead of waiting for the PR and huge gains LOL.