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I think you are somewhat confused on what a company acquisition actually means.
You are correct it is quite simple, AVTI the company was purchased by Carwild Corp. in 2008.
An asset purchase agreement is the written agreement by which one company buys another company. Asset purchase agreements define the assets and liabilities to be sold. The buyer is purchasing whatever the two parties define as "the Business," including the rights to conduct this Business.
As spelled out in the document you referenced earlier the debt was not transferred or assumed by the buyer of the company, which in this case was Carwild Corp, who now owns AVTI.
In conclusion there is no debt, no matter how you try to spin it, it is not assumed by the buyer, i.e., the debt you are trying to "claim" exists does not.
Continued discussion on this point is mute and pointless and should be considered off topic.
What exactly to do you think "sale of assets" is anyway?
An asset purchase agreement is the written agreement by which one company buys another company.
Also, you need to read further there is no debt that was transferred or assumed by the buyer. It's always good to read the entire document before making such assumptions.
ARTICLE 3
EXCLUDED LIABILITIES
3.1 Excluded Liabilities.
Buyer shall not assume, discharge or become liable for any of the liabilities, obligations, debts, contracts or other commitments of Seller of any kind or nature whatsoever, known or unknown, fixed, accrued, contingent or otherwise, existing on, before or after the Closing Date or arising out of any transaction entered into, or any state of facts existing, on, before or after the Closing Date, which liabilities and obligations if ever in existence shall continue to be the liabilities and obligations of Seller (the “Excluded Liabilities”). Seller shall hold Buyer harmless and indemnify Buyer from the Excluded Liabilities any and all claims, including without limitation rejected and returned goods, arising from the sales of goods by Seller on or before the date of the Closing.
Here is some more information on what an Asset Purchase Agreement actually is:
http://asset-management.bestmanagementarticles.com/a-21321-what-is-an-asset-purchase-agreement.aspx
Interesting, why would you expect others to post their findings when you are not willing to do so yourself?
To me that sounds like a convenient way to make an accusation without providing any proof to back up the claims.
Questionable at best.
It is pretty obvious there is no relationship and your post has nothing to do with AVTI.
This is like saying GM has some financial troubles, did you see how they filed bankruptcy? Yeah scary news but has no relevance to this company or its holdings.
I know some would like to see a connection between Gelmon and NIR Group, but it just does not exist, only in conspiracy.
We need to see some documents that names Avitar and NIR in the same sentence and we might believe you.
Do not show documents that are several years old, or have no mention of AVTI because they are considered worthless information and has nothing to do with this company.
Unless you can prove a connection, future posts about NIR should be considered "Off Topic" and may be removed at the moderators discretion.
I think you are right, and from talking with Gelmon looks like the shoe production numbers are right on target. We should see a nice run with the next PR IMO.
I agree, I think that is an accurate and fair conclusion, 0.005 is quite possible by end of month IMO.
Interesting, I think you may be looking at the chart upside down. We have strong support @ 0.0006 and it isn't going any lower than that. It is up from here, cheapies @0.0006 and rocking by next PR. Locked and loaded going to see some nice gains this week people, watch out for the ghouls and goblins this Halloween they want your money...LOL!
I think we will see first a PR on the shoes arriving at the distribution warehouse, and then a second PR upon delivery to retailers.
I know I about fell of my chair when I seen that 100 number, what a ridiculous statement to make! Think about it for a moment.
I see no evidence to prove 250k is not a legitimate number, especially since they have orders already placed they will need to fill them.
Storage is nominal and the manufacturing facility would ship to a distribution center where the shoes would then be distributed to the sellers.
That is an absolutely lubricious statement IMO, no proof of any numbers and a guess that is ridiculous.
Actually MM's do and can manipulate PPS on low volume it is well documented just Google it.
I think you meant you would be lucky to find any this cheap by next week.
Wow I am really sorry for you guys :(, what a slap in the face today was.
Also the term "Icons" is referring to 80's icons, there might be some nice celebratory endorsements on the way!
I agree, are we suppose to get news this week or next?
And how does increasing the float make Gelmon any money if he has no interest (stocks, options or otherwise) in the company?
Sounds like a weak theory if you ask me. He would not run a company for free that is ridiculous.
MSN shows Outstanding Shares @ 134.19 Mil BTW.
http://moneycentral.msn.com/detail/stock_quote?symbol=avti&x=0&y=0
I think all the mods have to do is put in for a symbol change from EVXA to EVXAD
I seen what happed today with the split and symbol change wow doesn't look good.
hey guys, is this stock at zero bid now?
I don't think any of us are buying into the theory that Gelmon does not own any portion of the company (stocks or otherwise) and is just donating his time to help out Avitar.
That is ridiculous to even consider.
First you say Gelmon is a scam artist, now you want us to believe he is running a charity because he has no ownership interest in AVTI?
Are you kidding me?
Come on that is just a ridiculous statement.
I agree end of week should see some nice green with news.
You would have to be nuts to think Gelmon does not have any interest in the company. That has to be one of the most ridiculous statements I have heard yet.
Your logic makes no sense do you think Gelmon is working / donating his time for free?
LOL, that is one of the more ridiculous things I have heard here yet.
You can bet at the very least he has stock options.
And with such a thin float this baby is going to rocket on news, no doubt, now is the time to load up before the train leaves the station IMO.
GLTA
And as I said before, how do you know this? Unless you are directly involved with the production of the shoes you have no clue, bottom line.
Guesswork + B.S. = more B.S.
And if you are not happy with the reported Outstanding Shares of 134.2M then I suggest you contact ETRADE, Zecco, TD Ameritrade, MSN, should I go on? And tell them they are all reporting incorrect information.
http://moneycentral.msn.com/detail/stock_quote?symbol=AVTI&x=0&y=0
As for me, I tend to believe the brokers, I would tend to think they know what they are reporting.
JMHO
lamo! That does not even make sense! Why would a company invest time and resources to only produce 24 pairs of shoes?
That has to be one of the more ridiculous things I have heard said here, I love the satire.
What are they producing 1-2 pair of shoes a week? Come on that is just a silly statement.
As I have said before, no one posts on these boards out of pure altruistic motives, everyone is driven by their own self interests, that should be quite obvious by now.
There is no one who can look out for your best interests, or your money better than you.
You have to read between the lines on many of these posts and do your own DD.
Regardless if you are PRO or CON on the stock, everyone is here for a reason, and that is to make money!
That is the honest and very real truth.
GLTA
The only time I would sell is if I know I could buy back for a few clicks lower example today, I could of sold at .001 for a nice profit but it would be nearly impossible to get those shares back at a lower PPS especially since news is just around the corner. That being the case I think I will hold on to mine for more serious green.
You are exactly right, the float is almost locked up, I highly doubt any of the longs here are going to let loose of their shares, I know I won't.
I tried to load some 6's and 7's on the dip and could not get them earlier, must be MM games is all I can say.
Shares Outstanding are 102.79M! This is going to soar like a rocket on news, wow!
More claims with no proof now? Where is the link to that fairy tale?
You know what you are right, it's always the same nonsense you hear over and over again.
Irrelevant documents that are years old and have nothing to do with the current company, debt that does not exist, just nonsense to muddy the water.
NEWS = BOOM!
And this is coming from a guy that claimed Avitar had no connection to Johnny Famous because of a typo (Johnnie), more and more lies are exposed.
That is because there is no debt to be forgiven, there is no proof whatsoever of a debt transfer or connection to any of this rubbish.
Please post SEC filing saying $8 Million Dollar debt was transfered, that would be a real miracle. No one would purchase an $8 million dollar debt, your logic is flawed IMO.