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ASK is looking pretty thin, a little pressure and this could fly!! IMO
SEEK
FAKE walls again....0017 before lunch should not be a problem with a little pressure on the ask!!
AFPW
Getting in today, got some @ .0005, now moved BID up to .0006....
AGIJ
If anyone is interested, here is a link to a pdf document containing all of the DOT Commuter Air Carrier Regulations.
http://www.air-compliance.com/Downloadable%20Files/FAA%20Information/DOT%20Applicable%20Department%20of%20Transportation%20Regulations.pdf
Lets get a higher base before the CC....
That a STOP nothing...half the pennies are non or delinquent reporting. Means nothing here.
Just have to tear through some of these fake walls they put up..
SEEK
There, that helped....add 1.7 mil to my pot!!
I will add more today, lets see about those .0016's...
Problem is we really don't know for sure what the Flight Violations did to affect the process. Maybe there was a stipulation that the first fine payment needed to be made before the process moves forward. We don't know if any fine payments have been made.
DOT could have just stuck the thing at the bottom of the pile just to see what Twin Airs conduct was for a while..
I have no answers on DOT...just questions.
The DOT historically posts any actions or correspondence within two days of the action, so we would see anything really quick.
Here's my response from Henry...didn't address question about having an auditor, but lets see what they come up with.
Hello Robert,
Apologies for the delayed response. As you know, we were late on our filing and continue to work on submitting it. It is our understanding that we do have a grace period to file. We are doing everything we can to have the filing submitted. We will get word out as soon as we possibly can.
Please let me know if you have further questions.
Best Regards,
Henry A. Schulle
Vice President, Investor Relations
AvStar Aviation Group, Inc
www.avstarinc.com <http://www.avstarinc.com/>
I'm probably not a good one to ask right now, because I've lost about 50% of my confidence in AAVG management, therefore I sold about 50% of my shares. It really pisses me off that they will ignore emails and calls. With the DD I've done there are many questions right now, when they make things right and are straight forward with investors, I might buy those shares back.
It used to be about feeling good about this management team, now it's strickly about my investment and thats how I'm playing it from here on out. This is just another penny stock right now.
No doubt that they are flying and bringing in revenue, you can call the reservation number and get a live person. It's the management thats a little questionable right now, I've still had no luck getting through to them. You can leave a message though.
What does the "E" actually stand for, if anything?
E = Excellent?
E = Ewwwww?
19 Mil showing on the ASK @ 12/13, WTF? MM's blocking ya think.
AFPW
Jumping in with 500K to start...
Your welcome !!
I'm Dutch/German, my wife is German.
Well we will wait for a PR I guess....
From Germany? I have relatives in Sulzfeld, Baden-Wurttemberg
I'll post a L2
Hmmmm, when I called during business hours I got a recording. Still no answer to emails...
For me this is now basically , I'll believe it, when I see it.
They have 4 days to report a new auditor after hiring one.
Very interesting article (not about AAVG).
Everyone should read this and realizes what goes on, I'm sure with more than just OptionsXpress.
If this was any of us, we'd surely be charged criminally and headed to jail.
SEC Charges optionsXpress and Five Individuals Involved in Abusive Naked Short Selling Scheme
FOR IMMEDIATE RELEASE
2012-66
Washington, D.C., April 16, 2012 – The Securities and Exchange Commission today charged an online brokerage and clearing agency specializing in options and futures as well as four officials at the firm and a customer involved in an abusive naked short selling scheme.
The SEC’s Division of Enforcement alleges that Chicago-based optionsXpress failed to satisfy its close-out obligations under Regulation SHO by repeatedly engaging in a series of sham “reset” transactions designed to give the illusion that the firm had purchased securities of like kind and quantity. The firm and customer Jonathan I. Feldman engaged in these sham reset transactions in a number of securities, resulting in continuous failures to deliver. Regulation SHO requires the delivery of equity securities to a registered clearing agency when delivery is due, generally three days after the trade date (T+3). If no delivery is made by that time, the firm must purchase or borrow the securities to close out the failure-to-deliver position by no later than the beginning of regular trading hours on the next day (T+4).
The former chief financial officer at optionsXpress – Thomas E. Stern of Chicago – was named in the SEC’s administrative proceeding along with optionsXpress and Feldman. Three other optionsXpress officials – head of trading and customer service Peter J. Bottini and compliance officers Phillip J. Hoeh and Kevin E. Strine – were named in a separate administrative proceeding and settled the charges against them for their roles in the scheme.
"Feldman and optionsXpress used sham reset transactions to avoid, sometimes for months, compliance with Reg. SHO's stock delivery requirements," said Robert Khuzami, Director of the SEC's Division of Enforcement. "In effect, they 'kited' shares of stock, thus depriving buyers of the benefit of their bargain - prompt delivery of their shares."
Daniel M. Hawke, Chief of the Division of Enforcement’s Market Abuse Unit, added, “Reg. SHO compliance continues to be a high enforcement priority. Broker-dealers, their employees, and their customers must ensure that they comply with the close-out requirements of the short sale rules and regulations.”
According to the SEC’s order, the misconduct occurred from at least October 2008 to March 2010. In September 2011, optionsXpress became a wholly-owned subsidiary of The Charles Schwab Corporation.
The SEC’s Enforcement Division alleges that the sham reset transactions impacted the market for the issuers. For example, from Jan. 1, 2010 to Jan. 31, 2010, optionsXpress customers including Feldman accounted for an average of 47.9 percent of the daily trading volume in one of the securities. In 2009 alone, the optionsXpress customer accounts engaging in the activity purchased approximately $5.7 billion worth of securities and sold short approximately $4 billion of options. In 2009, Feldman himself purchased at least $2.9 billion of securities and sold short at least $1.7 billion of options through his account at optionsXpress.
According to the SEC’s order, by engaging in the alleged misconduct, optionsXpress violated Rules 204 and 204T of Regulation SHO; Feldman willfully violated Section 17(a) of the Securities Act of 1933, Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b-21 thereunder; optionsXpress and Stern caused and willfully aided and abetted Feldman’s violations of Section 17(a) of the Securities Act, Section 10(b) of the Exchange Act and Rules 10b-5 and 10b-21 thereunder; and Stern caused and willfully aided and abetted optionsXpress’s violations of Rules 204 and 204T.
In the separate settled administrative proceeding, Bottini, Hoeh, and Strine consented to a cease-and-desist order finding that they caused optionsXpress’s violations of Rules 204 and 204T of Regulation SHO and ordering them to cease-and-desist from committing or causing violations of Rule 204. They neither admitted nor denied the SEC’s findings.
The SEC’s investigation was conducted by Deborah Tarasevich, Jill Henderson, and Paul Kim. Market Surveillance Specialist Brian Shute, Market Abuse Unit Trading Specialist Ainsley Fuhr, and Financial Economist Michael P. Barnes provided assistance with the investigation. The litigation will be led by Frederick Block.
# # #
For more information about this enforcement action, contact:
Daniel M. Hawke
Chief, SEC’s Market Abuse Unit and Regional Director, Philadelphia Regional Office
(215) 597-3191
Deborah A. Tarasevich
Assistant Director, Market Abuse Unit, SEC Division of Enforcement
(202) 551-4726
http://www.sec.gov/news/press/2012/2012-66.htm
--------------------------------------------------------------------------------
Home | Previous Page Modified: 04/16/2012
The corporate phone number listed below is disconnected. You have to call the Twin Air number, select the option for corporate and leave a message.
We brought this to their attention, they were supposed to change the website but apparently didn't get around to it yet.
Corporate Phone
713-965-7582 (p) - Disconnected
Twin Air Calypso Limited Phone
954-359-8266 (p) - call this one
The secret of PR and News, is being patient enough to wait for the real meaningful news and not just PR fluff, like may pennies put out.
AFPW
Not to get negative here, but I think we need to take off the rose colored glasses. I've have more to lose here than some, I admittedly did take some shares off the table to get some investment back, but still hold more than a few mil.
To say the company didn't lie to us is not true, I remember a month ago saying the 10K was on track, ahhhhhh did it get eaten by the dog or went through the washer? Bottom line no independant auditor, no legal way to do a 10K.
I hope DOT and CUBA comes soon, but I think this hurt our cause with at least CUBA, The Cuba Service Provider authorization is all about accounting and assest control. Do we think the US Treasury and Homeland Security will be jumping up and down to approve a company with questionable accounting practices who have the SEC in their pants for not reporting? DOT who knows.
I think AAVG(E) or AAVG.PK whatever we end up as can be a profitable company and grow, but someone is asleep at the wheel here. A company that has answered emails consistently and now stops, I'd say let us investors down. AAVG's game plan may need to change, management needs to get their sh*t together and make things right.
All we need to be is realistic...
IMO of course.
It's been 24hrs since I emailed Henry, it's the first time he hasn't responded to us. Might be away from the office or on vacation?, or is that wishful thinking!
AAVG
Seems like they need to correct the auditor issue, which seems to be the overall issue and likely the cause of the late 10K. With that corrected everything else should fall into place. Still a company making decent revenue with great potential. Just need a little more information periodically from the company.
You mean all these years I've been wasting my time doing DD, when all I had to do is read these boards? Glad you posted, it's such a relief! LOL
I sent an email to Henry this afternoon...
AAVG has no control over DOT or CUBA, they are government agencies and do what they do, when they get around to it. I know, been a government employee all of my adult life.
AAVG has not been denied DOT and CUBA, so all indications are the approvals are forthcoming.
Lets wait till tomorrow to say that AAVG did not file the 10K, or 8K reporting resolution as to an auditor.
Even if they are late, nothing stops here, business still goes on, people will still trade, DOT and CUBA can still come. The 10K can still be filed. Might get a slap on the hand!!!!
This could explain the OFAC Cuba Authority delay. They have apparently been revamping their licensing system. Here is a release from today, it mentions that it effects Cuba Authority also.
Notice Regarding Change in OFAC License Case Numbers 4/16/2012
Page Content
The Office of Foreign Assets Control continues to streamline and modernize the OFAC licensing process. This stage of the modernization effort will be reflected in the documents the Licensing Division generates and sends to license applicants and other correspondents.
Please be aware that the numbering system used by the Licensing Division has been changed and is being reflected in new licenses, denial letters, and other correspondence issued after March 26, 2012. As was previously the case, the new numbering will begin with alphabetical characters designating the sanctions program — e.g., CU, IA, or SU. The new numbers will be followed by (1) the calendar year, (2) a unique six-digit number, and (3) a final number denoting original or amendment. For example, a new license issued pursuant to the Cuban Assets Control Regulations (31 C.F.R. Part 515) would bear a number styled as License No. CU-2012-XXXXXX-1, while a license issued pursuant to the Iranian Transactions Regulations (31 C.F.R. Part 560) would appear as License No. IA-2012-XXXXXX-1.
For the time being, the old licensing case numbering system will not disappear completely. An amended version of a license that was originally issued prior to March 26, 2012, will continue to follow the original license case number system, i.e., alphabetical characters for the sanctions program followed by the existing license number and an alphabetical character, as in the past.
We make this announcement to inform you of the continuing developments underway to streamline and modernize the OFAC work process. Frequent applicants and financial institutions are sure to notice the new numbers soon.
We encourage you to consult our website regularly for updates and to take advantage of our online application systems when possible. As always, any questions about the validity of a particular license may be checked by contacting OFAC’s Sanctions Compliance & Evaluation Division at (202) 622-2490, at (800) 540-6322, or at OFAC_feedback@treasury.gov.
No disrespect intended, but to say that AAVG will stop filing with the SEC is 100% speculation, nothing more.
Number one rule, don't sell or buy based on what you read on message boards...do your own research!! People may very well be kicking themselves later.
AAVG
OK, we are all concerned about not hearing news or seeing the 10K yet, but we are becoming our own worst enemies. Many of us have considerable investments here, so let consider the glass half full and not half empty at this point. It won't do us any good to talk of a sell-off. Basically, AAVG is the same company it was a month ago, no change.
I thought about waiting to see if Henry responded to BG's email, but decided to send one off myself to express my concern. When I get a response, I'll share.
Just as a note, another holding of mine has not issued their 10K yet and today buying has been 6 mil bought and 900K sold. We seem to be more worried here than others. There is even very little talk of the 10K on the other board.
It's in our best interest to make the best of what we have. Yes we are aggravated, but this may be only a bump in the road. There is no indication the is any problem with DOT or CUBA. We know then company is advertising and flying.
Picked up an extra 520K for the pot...nice to see some big buys.
AFPW
Take those shares and lock them away boy and girls, they may change your life very soon!!
Nice...it hovers and lands quite a bit better than the Harrier Jump Jet AV-8B..
Then I'll hold off, ws just completing the email, but lets see how he responds to yours.
I don't think they are all that bad, we are assuming a lot..
I'm emailing Henry within the next few minutes.