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Seriously? Gotta love the sarcasm here lol.
today's intraday chart looks like a double bottom, could be a good sign.
Well it goes both ways actually the coin has 2 sides. The best you can do is remain objective listen to "reasonable" arguments both for and against.
Although sometimes it is difficult to determine what information is credible without actually speaking to the CEO or finding a verifiable resource such as a web link.
The main thing to remember is that anyone can say anything and you have to do your own dd to try and determine who's claims are credible.
Have you tried the number from the PR yet? Seems to be different than the one you are posting.
http://finance.yahoo.com/news/Avitar-Inc-JV-Agreement-With-iw-3228462394.html?x=0&.v=1
All I can say is if anyone has questions it is better to ask the one running the company than to listen to anyone on this board, myself included.
You cannot always trust the information you are getting.
Contact:
Cory Gelmon
310.909-3830
Cory Gelmon <Cgelmon@telusplanet.net>
Give it some time, the first response I got took a few hours the second one took 24 hours. I would imagine he is busy.
I had to resend two or three times before I got a response. If you mention you are an investor he is more likely to get back to you. Also using a real email address and your actual name will validate the process and he would be more likely to respond IMO.
Looks like AVTI showed up on some watch lists for today, could mean news is coming.
Hot Stocks on Watch Today; NSCT, WAMUQ, GBOED, TRDY, AVTI
http://www.stockhideout.com/stock-market/hot-stocks-on-watch-today-nsct-wamuq-gboed-trdy-avti/
OTC Pink Sheets Stocks to Watch - 12/15/2010
...
AVTI.PK-Avitar Inc.
...
http://topstockspick.blogspot.com/2010/12/afterhours-update-stocks-to-watch.html
GLTA
I think someone is trying to call Gelmon to let him know we need a PR lol!
Everyone knows what they are dealing with when it comes to sub-penny stocks, the real question is will the bet pay off or not.
Any pink sheet play is a gamble its just being lucky enough to get in at the right time to ride it up when it runs.
If played correctly you can see huge returns, but on the flip side you can also loose your investment, just the nature of the stinky pinky.
BTW - the "Ha ha told ya so" remarks are not really helpful, we are all grown adults able to manage our own finances here.
I agree but there really is no way to determine what the shoe sales are outside of one person's blog entry.
If there is a PR on the shoes making it to some of the mainstream stores mentioned in the previous PR's that is what will drive the PPS higher, which is ultimately what most longs are looking for here.
True it is up to the investors but according to Gelmon they have no plans to increase it at this time.
Looks like AVTI is making it on more watch lists, if a PR is released it should generate a lot of interest.
OTC Pink Sheets Stocks to Watch - 12/14/10
http://daytradingstockblog.blogspot.com/2010/12/stocks-to-watch-121410-december-14-2010_7947.html
Yes it seems to be finding support along the 100 MA for the moment.
He has responded to a few emails that I have sent to him. I had to resend them once or twice but I usually got a response.
Cory Gelmon <Cgelmon@telusplanet.net>
Cheers.
what company are you talking about?
the daily chart looks like a double top formation so I would not be surprised if we see a significant fall without any news update.
there is actually a business talking the run down?
yeah, it looks like it might be pulling back to test along the 50 MA
Some recent penny stock alerts, seems AVTI is getting some attention now.
OTC STocks Big Gainers (BTDG, AVTI, CGFIA, GBVS, IDEH)
http://www.toonicestocks.com/news/750-otc-stocks-big-gainers-btdg-avti-cgfia-gbvs-ideh
Notable OTC Stocks Trading Higher (CBAI, ACTC, AVTI, IGSM)
http://www.efreepressrelease.com/201012084273/otc/notable-otc-stocks-trading-higher-cbai-actc-avti-igsm/
Top PINK Stock Movers Of The Day (EYSM, AVTI, TAON)
http://www.efreepressrelease.com/201012084264/stock-gainers/top-pink-stock-movers-of-the-day-eysm-avti-taon/
Latest press release
Avitar, Inc. JV Agreement with Johnny Famous Shoes Update
http://www.tradingmarkets.com/news/press-release/avti_avitar-inc-jv-agreement-with-johnny-famous-shoes-update-1337089.html
GLTA
Regarding authorized shares I did get the following response from Mr. Gelmon:
Q: You mentioned that there is convertible debt, I have read this as well. Assuming you are going to increase outstanding shares, can you tell me approximately when the dilution / conversion is planned to take place?
A: All I can tell you is there hasn’t been any conversions in some time and I am not expecting any as of now. Obviously that is up to the investor and I am not privy to any of their plans. As such, we have no plans on increasing the authorized capital at this time.
I know I don't get that either. You would think he would not have any problem letting investors know how many shoes were produced instead of saying "Nothing that I am able to release".
Here is a video I ran across for AVTI. The video has some good technical points indicating there is a possible break out ahead for this stock.
FYI - There is no audio just cheesy music LOL, you might want to mute it. AVTI is the last stock highlighted in the video.
Looks like that was updated in the latest PR they are now anticipating early January.
There is quite a bit of evidence supporting the shoes were actually manufactured, the trade show photos can speak to that. I would be more interested in knowing how many were manufactured and when will they make it to the stores mentioned in the previous PR's.
Once news like that hits I would not be surprised to see this have a nice run well into the 0.005 range or above.
I know, I still have a small piece, unloaded most on the last run. I think there is potential for a nice run but the CEO needs to start the PR mill running, like liable said he should of PR'd the trade shoes, I find that strange to say the least.
Oh the shoes exist there is much proof of that obviously by the trade show today. The real question here is how many were produced and where will they be distributed to.
I would like to know also how many shoes were produced. When I asked Mr. Gelmon this a little over a week ago I got the following response.
Do you have any numbers on how many shoes were produced?
Thread Show at the Icehouse in Phoenix
Sunday, Dec. 12, from 11 a.m. to 6 p.m
If anyone lives in the Phoenix area try to attend would be interesting to hear what you find on Johnny Famous Shoes there.
http://www.hauteliving.com/2010/12/thread-show-at-the-icehouse-in-phoenix/
I agree I know first hand it is sometimes difficult to remain open minded and objective but in the end we need to remember that this is just a trade and nothing more.
I already did two days ago Kels, here is the link.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=57563921
I felt that some people would want to know about this which is why I posted it.
Cheers.
Well to be honest with you I doubted much of what you were saying at first. It wasn't actually until I got that email from Gelmon that I realized there actually was convertible debt and that he did not own any shares in any of his companies.
It is difficult when you are long to detach yourself from your investment sometimes and look objectively. I know I gave you a hard time about some of the things you would bring up, I realize now you are just trying to provide facts and let people make their own minds up.
Now that I have distanced myself I can see that you are a straight shooter and you have my respect.
Cheers.
As always your information is accurate and insightful.
Looks like volume is very light on this one.
My point exactly, keep to yourself otherwise practice what your preaching little girl.
why were you banned from the AVTI board back in August?