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Shares issued to debt holders are restricted and they cannot sell in the open market until proper waiting period. Debt holders will vote yes.
If E-Cash wants to push the price higher, then it can easily do so when there is only 1.25 million outstanding after reverse merger. Price may be going up next week in anticipation of this. Actually, E-Cash can start pushing the price up next week with only 150 million outstanding before the reverse merger.
Why would E-Cash want to get it higher if it could have its people buy it for them at a lower price?
Shares distributed to creditors are still restricted.
Reverse split gives E-Cash control of the company after it is issued 20,000,000 restricted shares. Speaking of restricted shares. Below from 10K shows that the float will be only 391,816 (497,604,165 minus 340,877,600 restricted divided by 400)shares. If E-Cash has any decent earnings, then with such a low float, price should zoom up. Earnings should be good considering ATM machines are cash cows with low overhead expenses. Also, E-Cash will get AVST shell with less than $25,000 in debts. So if E-Cash has good balance sheet accounting numbers which it should for the type of business it is in, then price will zoom up even more. No wonder the increase in price and volume today. Looking good.
[On March 17, 2006, the Company authorized to be issued 340,877,600 restricted common shares of the company at $0.0025 for an aggregate value of $ 852,194, bringing the total outstanding shares of common stock to 497,604,165........... leaving the Company with liabilities of less than $ 25,000.]
It is going to be good. No PR, 10K, or proxy out but still price rise and volume increase today.
For a ATM company to be considered a fairly large one, does anyone know how many ATM machines should be in operations?
May be somewhat odd but good for shareholders.
Sharehold approval is just a simple formality. It is a done deal. The facts and descriptions contained in the proxy are what will be most interesting.
The proxy will also be filed with SEC for public viewing?
Somebody must know something more for it to be moving like this today.
Expecting 10K to be filed today.
AVST never merged with Copacabanna. AVST was doing due diligence to reverse merge with Copacabanna and signed a letter of intent but it fell through. AVST then signed an agreement to reverse merge with E Cash. No PR on the Copacabanna merger was issued. Instead, it was just mentioned in the last SEC 8K.
When will they file the 10K?
Once the 10K is issued, naked shorts have no choice but to cover.
AVST looking very good over the long term. Ecash is a cash cow.
It like Shinn going move ahead with ArTec.
Ownership of Tubercin Confirmed by Court Ruling
Dr. Ronald Shinn, President and CEO of Artec, Inc. (Pink Sheets:ATKJ) announced a Federal Court ruling declaring Shinn Capital, Inc's ownership of rights to Tubercin. Artec holds a sub-license agreement for the development and marketing of Tubercin from Shinn Capital. A copy of the complete opinion can be found on the website of Hard to Treat Diseases, Inc. (www.htdsotc.com), under Corporate, Legal, Memorandum; shareholders and other interested persons are encouraged to read the ruling in its entirety. "We are grateful for the time and attention that the Court gave to this matter, and obviously are pleased that the Court confirmed the ownership of Tubercin," states Dr. Shinn. Artec will be updating its Disclosure Statement and financial information on www.pinksheets.com this week, and plans an announcement with respect to Artec's development and marketing plans for Tubercin later this month.
Artec, Inc., Reno
Gerry Knight, 800-388-8875
www.artec-inc.net
It is correct that it will take time for King to make up a new story of greatness and for HTDS to recover. It should take at least several weeks. HTDS relied heavily on favorable court judgment and lost. Everything favors ATKJ now and if no shareholder is selling, then price should go up.
MMs could continue to naked sell and short but at some point, they will have to buy back and force the price up again. You can throw out the logic for the next two weeks because it will be speculation and first in will be the beneficiaries.
Small float and low number of shareholders with the favorable court judgment for ATKJ. It will be interesting.
That why the price will move up fast when general public start buying. None of the 55 shareholders will sell. All the selling yesterday may have been mostly naked shorting by MM.
There only 55 shareholders of record. Small stock float. Going to be some price fluctuations. See below for company information.
https://www.otcstockinfo.com/repository/654172/654172_FR1.pdf
You are so stupid. This company is no scam.
Hype your stock on your own board. Stop tricking our best poster.
Not Good for General Public
This is not good news for the general public because it is now at greater risk. Therefore, a tracking system needs to be implemented immediately.
Please provide the dates of these news items.