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10K 24 days past due - Another delisting coming?
Halt - Delisting - Bankruptcy
https://fintel.io/sfs/us/avrw#10-K
https://www.avenirwellness.com/sec-filings
THE 10K IS OUT - NOPE JUST KIDDING - BAD JOKE, JUST LIKE THE COMPANY
3 Weeks now past the due date. Imagine that. It takes a lot of work to fabricate some
numbers that won't be too far fetched to be called out by the SEC and will keep the
current shareholder's from fleeing in droves before the delisting and then the ultimate
BANKRUPTCY.
https://fintel.io/sfs/us/avrw#10-K
https://www.avenirwellness.com/sec-filings
POTENTIAL BUYER BEWARE - READ THE POSTS
AND DEFINITELY LOOK AT THE DAILY VOLUMES.
THE TECHNICAL'S COULD LOOK GOOD ON PAPER
BUT OVERALL - THIS BARELY EVEN TRADES BECAUSE
IT IS ABOUT TO BE FLUSHED DOWN THE TOILET.
No "Investor" would buy this POS right now.
The whopping 3640 shares traded today were either from those already
gambling here - or new gambler's. This is NOT an "investor's" stock.
This is a HUGE gamble. They can't even file on time. They know little
to NOTHING about the markets and basically were reverse merged into
Cure Pharmaceutical by way of the Chairman of the Board making a
HUGE mistake with IONIC and the debt (which is in DEFAULT) and then
of course (working with an offshore company) to buy back some patents
and the manufacturing facility.... and leaving Nancy Duitch/shareholder's
holding a big bag of shit along with the DEFAULTED debt and subsequent
lawsuit
I don't know how ANYONE could think ANY of this is going to turn out to be a
spectacular 2024 for the company which is on LIFE SUPPORT from the CEO's
credit card.
BANKRUPTCY or MIRACLE - I'm saying BANKRUPTCY.
Avenir Wellness Name Change - ND, LLC
This company isn't even close to being an "officially traded company" anymore. It will probably become Nancy Duitch LLC after the bankruptcy and it can't be traded anymore. When a company can't issue more shares - or - even get a loan through a financial institution and has to depend upon the founder's credit card
...
Oh well - BANKRUPTCY or MIRACLE.
AND THE LAWSUIT BEHIND THAT DEBT
When there is tremendous debt with enormous interest
as well - tied to a lawsuit about such debt - you are
correct - no lending institution will allow loaning out money
per policy.
Besides that, I believe I saw a fairly LARGE chunk owed
to accounts payable - which I doubt has been cleared up
when the company is operating off the CEO's credit card
which she herself is charging the company 12% interest.
How nice of her - but then again - without that, they would
have gone BANKRUPT already.
10K 10K 10K
I also am very sorry to hear that JP. This company will indeed be heading for
a class action lawsuit. The BOD's and ALL management need to be held accountable.
This damn thing is trading at less than 2 freaking cents pre-split and heading lower.
What a damn shame - this was robbery.
Again so so sorry JP.
You "FORGOT" this official news - DEBT
The company has so much debt, they can't get any credit, like a healthy
company does. This Line of Credit is probably gone by this point at approx.
$40K per month burn rate. A company being run off the CEO's credit card.
On January 4, 2024, Avenir Wellness Solutions, Inc. (the “Company”) and Nancy Duitch, the Chief Executive Officer of the Company (the “Executive”), entered into that certain Senior Secured Promissory Note and Security Agreement (the “Agreement”).
The Agreement provides for a secured loan facility of up to $250,000, of which the Company borrowed an initial amount of $39,000 (the “Initial Principal Amount”) on January 4, 2024. The Agreement provides for the ability of the Company to request additional loan amounts up to $211,000 (the “Future Advances”), inclusive of the outstanding balances of certain credit cards (the “Cards”) used exclusively by the Company of which are issued in the name of the Executive. The portion of the principal amount of the Agreement (the “Principal Amount”) comprised of the Initial Principal Amount and the Future Advances (and excluding the outstanding balances on the Cards), accrues interest at an annual rate of 12%, or 18% in the event of default. The Principal Amount plus all accrued and unpaid interest is due and payable in full on the sooner of: (i) the demand of the Holder; and (ii) March 31, 2024. The Company may prepay the Principal Amount, in whole or in part, without the prior written consent of the Executive and without penalty. The Company granted the Executive a security interest in all of the Company’s present and future personal property.
In the event of default, the Executive may, upon written notice to the Company, declare the Principal Amount, including any accrued interest, immediately due and payable in cash and in full. The following constitutes events of default: (i) the Company fails to pay when due any principal or interest payment on the due date, and such payment has not been made within ten (10) days of the Company’s receipt of the Executive’s written notice to the Company of such failure to pay; (ii) the Company materially breaches any other covenant contained in the Agreement and such failure continues for fifteen (15) days after the Company receives written notice of such material breach from the Executive; (iii) the Company voluntarily files for bankruptcy protection or makes a general assignment for the benefit of creditors; or (iv) the Company is the subject of an involuntary bankruptcy petition and such petition is not dismissed within sixty (60) days.
https://app.quotemedia.com/data/downloadFiling?webmasterId=102691&ref=317982190&type=HTML&symbol=AVRW&cdn=a1ea3d8a58c485a9a9312963fb53c353&companyName=Avenir+Wellness+Solutions+Inc&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2024-01-12
A OTCQB HALT then back to the Grey market
Which really doesn't matter too much since this
POS barely trades at all anyhow. 100 shares today.
BANKRUPTCY is imminent unless a miracle happens.
THEY ARE WORKING HARD TOWARD BANKRUPTCY
Really hard.
BANKRUPTCY or MIRACLE ??
Oh where oh where has the 10K gone.....
oh where oh where can it be ?
https://www.avenirwellness.com/sec-filings
https://fintel.io/sfs/us/avrw#10-K
Let's see if it makes it before midnight.... maybe they are
up and working their asses off in Brisbane right now to get
the filing done before midnight USA time - who knows......
AS OF RIGHT NOW 8:55pm US time - NADA
POS company, POS management, POS Chairman of the Board
BANKRUPTCY or MIRACLE ????
It's already 9:30pm in Brisbane - I wonder who/where the report
is or isn't being prepared. https://www.timeanddate.com/worldclock/australia/brisbane
10K - to be or not to be - that is the question
So far, it is not to be: https://fintel.io/sfs/us/avrw#10-K
BANKRUPTCY - or - MIRACLE
Wait til the dilution hits - which should be any time.
They weren't too smart with the 1 for 200 reverse split taking
the share count too low - (but they had the plan to dilute in mind)
and got the SEC call out. This is going to be in the pennies again
soon enough - total shit management - unreal they are still at the helm.
This price is below 2 cents per share at the moment pre-reverse split.
This company is on it's last leg.
Sounds like something a CEO who is keeping her company alive
off of here own Line of Credit on a "Credit Card" would say to keep
shareholder's updated - it's really quite "fantastical" (fantasy like)
expectations. 🤣
BANKRUPTCY or MIRACLE
What's it going to be, Bankruptcy or Miracle ?
https://fintel.io/sfs/us/avrw
Not sure that will even do any good.
I think she's too far gone already. RD did a job on ND
and hoodwinked her. I still say there had to have been
some "business" between the two before the debacle
happened. Nothing like taking out the 11 Million in debt
from IONIC to buy out a "friends" business so that your
own shitty company shows that there is revenue being
generated. What a shit show it's been.
If current management isn't voted out - TOILET TIME
This stock/company has been an utter disaster - I've been in and out
many times - never made a damn nickel. But, at least I got the hell out
before the final disaster. The entire management and BOD's needs
replaced. What a freaking mess they have made of the company.
And today a Whopping 75 shares have traded so far.
AVRW Bid: 0.035 Ask: 0.04 Last: 0.0393 Chg ($): 0.00 Vol: 75
The anticipation and the shares FLYING OFF THE SHELVES.
Time will tell - but when a company is being kept open by a
LINE OF CREDIT on the CEO's Credit card - that normally
doesn't translate into good outcomes - especially when they
are over their heads in debt.
BANKRUPTCY or MIRACLE
Class action lawsuit would be difficult.
They have done the old bait/switch 3 times now.
RD left ND holding the bag though. I'm not sure how bright
she is not to have seen that coming. And RD's other company
TF Tech Ventures has gone dark/inactive - so it's doubtful they
will ever even see the remainder of the money owed by the last
bait/switch tactic.
RD/CURE escaped the IONIC lawsuit - debt by leaving
Sera Labs/Avenir holding the IONIC debt/lawsuit bag - crazy but true.
This company hardly ever files on time.
They are a complete failure. Profit - they have NEVER turned
a profit in the company's history. NEVER
BANKRUPTCY is imminent without some MIRACLE happening.
Well, I guess they would have to if there is any LOC left on it at this point.
As said numerous times - unless a miracle happens here.......
Bankruptcy looms.
From what has been witnessed thus far - without new management especially CEO
and the entire BOD's - this POS will go back to 1 buck. No miracles have happened
so far - so what's new except they modified O/S so they wouldn't get delisted - again
as always - at shareholder's expense. Management and the sales team are inept.
It takes more than 3 months to construct a bunch of incredulous
numbers and excuses that might seem plausible to both the
SEC and shareholder's. Some of them will probably be real
DOOZIES.
TIK TOK - ONLY A MATTER OF TIME - BANKRUPTCY
Nothing like making a big deal of picking the TIK TOK platform
for brand recognition - GEESH - at 100 bucks per ounce for their
DNA serum - Tik Tok isn't the right audience - and it might just be
going away altogether - just like this company - probably is.
TikTok’s troubles just got worse: The FTC could sue them, too
https://www.politico.com/news/2024/03/26/biden-administration-tiktok-data-practices-00149139
Rob's company has already gone Dark / Inactive
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174037430
TF Tech Ventures - Gone Dark - INACTIVE
https://www.flcompanyregistry.com/companies/tf-tech-ventures-inc/
https://www.sec.gov/Archives/edgar/data/1643301/000147793222005454/curr_ex102.htm
https://disclosurequest.com/form/tf-tech-ventures-inc./0001946734-22-000001
CEO - CA Preston
Director - Rob Davidson (Ex-CEO Cure)
Director - Michael Redard (Ex-CFO Cure)
Well, there is one hopeful poster who is sincere and truly hopes their investment
here works out. That would be KP2. Truly the only one who is hopeful that listens
and keeps an open mind in regard to all of our posts. I'd be happy for KP2 if the
miracle I was talking about - could happen. It's doubtful, but I like KP2's attitude.
Have a great day SOTG !!
It seems there are 4 or 5 here that give this company some hope.
Also, there are 3 or 4 of us who think the plug is about to be pulled
from the outlet. Overall, there isn't too much traffic here due to the
fact that the company sucks eggs. Anyhow, time will tell.
I'm still predicting some type of bankruptcy - the debt is too heavy
and being involved in a lawsuit leaves little room for any funding
options. Not even sure they could raise the share count again to
raise any funds - which of course would put this baby in sub-penny
category. BEARISH - FACTS & NUMBERS.
Hey KP2, TIK TOK SHOP hasn't even gotten off the ground yet.
Plus, when it does (if it does), I don't think they are catering to the
right crowd with that. I might be wrong, but most TIK-TOK'ers don't
have the 100 bucks per OUNCE in their piggy banks. So with that
said, I don't think the quarterly is going to show much of an improvement
especially since the company has been being kept alive by paying bills
on the CEO's credit card line of credit. Really, doesn't sound like to
bright of a future. Again, I may be wrong - but feel pretty strongly that
a possible bankruptcy is in the cards here - unless some MIRACLE
happens. JMHO.
KP2, I am not an attorney and since the company never made it to NASDAQ
as what the "stated objective was" many years ago - and since it is now just
considered a penny stock - I truly doubt any type of legal action would be
possible. But again, it is only opinion. Who knows for sure?
There appears to be a little underlying support this morning - so, maybe that
miracle I mentioned "might" still be a possibility - only time will give us that
answer.
AVRW - Ends the week near all time lows.
Big trouble in Little Avenir - or something like that 🤣
Facts and Numbers - Numbers and Facts
Buyer Beware
Look at 3 year chart, look at 1 year chart, look at any chart
This baby is in trouble - also, read at least the last 2 years
of posts here. Some strange dealings have been going on
behind shareholder's backs. Huge lack of transparency..
TF Tech Ventures - Cure Pharmaceuticals - Avenir ????
Some shady dealings - take a look at all the shuffling around.
BANKRUPTCY IS ON THE HORIZON IN MY OPINION.
Nicole - DNA complex alone - Doubtful LOL AVRW
https://www.vanityestetik.com/en/blog/nicole-kidman-before-and-after-plastic-surgery-journey/
https://nypost.com/2022/05/05/fans-accuse-nicole-kidman-of-changing-face-you-dont-look-you/
https://fandomwire.com/before-and-after-pictures-of-nicole-kidman-doctor-responds-to-plastic-surgery-allegations-against-nicole-kidman/
Well hell, if the pps continues down before the final vote tally....
the 1 for 200 reverse split isn't even going to be good enough
to maintain the $1.00 minimum NASDAQ listing requirement.
This is very very sad. Oh well, I've been crying from the rooftops
for a complete change in management for a LONG time. They
truly aren't worth a grain of salt.
Nicole, Nicole, Nicole - acknowledged using Botox.....
And other's wonder about many other things as well !!
Go DNA complex GO. AVRW
https://www.yahoo.com/entertainment/did-nicole-kidman-plastic-surgery-173710395.html
https://www.mya.co.uk/mya-social/blog/has-nicole-kidman-had-cosmetic-surgery
https://www.quora.com/Has-Nicole-Kidman-damaged-her-career-with-her-plastic-surgery
BANKRUPTCY LOOMS - BUYER BEWARE
In a DOWN TREND for OVER 5 years from 5,83.share to 3 freaking cents.
A 4000 share day - uptrend - talk about living in a fantasy world.
This company is burnt toast.
No Cash
Lawsuit pending litigation
Paying the bills with CEO credit card
Sordid deals going on behind shareholder's backs
Cure - Sera Labs - Avenir - TF Tech Ventures
Big hide the patents - swap the debt - who knows what all
Huge transparency issues with all the behind the scenes deals
Ex - CEO owes money from a now dark TF Tech Ventures - INACTIVE
This is a rabbit hole that is hard to follow.
BUYER BEWARE HERE !!!
TF Tech Ventures - Gone Dark - INACTIVE
https://www.flcompanyregistry.com/companies/tf-tech-ventures-inc/
https://www.sec.gov/Archives/edgar/data/1643301/000147793222005454/curr_ex102.htm
https://disclosurequest.com/form/tf-tech-ventures-inc./0001946734-22-000001
CEO - CA Preston
Director - Rob Davidson (Ex-CEO Cure)
Director - Michael Redard (Ex-CFO Cure)
Deploy the LIFEBOATS put on your VESTS
She's going down.
No Cash to work with
Defaulted Debt - currently in litigation
Being funded by CEO credit card (can't make that up)
No Funding available with defaulted debt situation
Lack of transparency
Never been profitable in history of company
Something fishy (stinks) relationship between CEO and Chairman of Board
FACTS AND NUMBERS tell the story.
Nicole Kidman came aboard over 3 years ago and at over
$1.83 per share (it's 3 cents now). They had plenty of money
to get the word out back then. Throwing her name around along
with the tit's and ass plastic surgeon dude does NOTHING for this
sinking ship.
FACTS AND NUMBERS - BANKRUPTCY LOOMS
"real investors" don't buy into nearly bankrupt penny stocks.
BUYER BEWARE
No Cash
Defaulted Debt Lawsuit Pending
Company being funded by Line of Credit on CEO's credit card
Very Sordid past - read the last 2 years posts - it's not pretty
Fluff news releases with "dangling a carrot" themes
Bankruptcy truly appears imminent, especially before
20204
That's all folks
I thinks it manifests itself into class action lawsuits.
That is the funniest thing I have read on here in years.
It has nothing to do with that at all. It has everything
to do with this being so far gone, no one is interested.
People aren't interested in buying or hitting the ask.
Most are trying to salvage a penny or two of their
dwindling investment here before BANKRUPTCY.
BUYER BEWARE.