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and I have some nice swamp land in Tennessee I'd like to sell you!
They no longer have any offices, planes or assests. In fact they never owned any of it!
Thought I'd pop in and see how the old AAVG gang was doing, I hope your all doing better than AAVG. I was hoping to stop in and see that your all making money here! Took some time off from the sub-pennies....might be time to get back in to a few and have some fun. No more airlines!!!!
Another fake website, with no product or service to back it up. I'm embrassed to say I've been stuck with this HNSS crap, and of course the worthless "dividend" stock we were given for years. Anyone who believes this guy has any intentions of doing anything, but scamming investors out of more money are fools. This guy has never followed through on one promise, he's a crook plain and simple. People are buying right in to this scam again.
Enough said!!!
That Beechcraft was only being brokered by Avstar Aviation, which means they don't own it. It's pretty clear by the details that they were selling it for someone else. Remember, Avstar and Twin Air didn't own any planes, they only leased and borrowed.
So if Mr Brown buys Twin Air, it is no longer a public company and no benefit to investors. I can't imagine it's worth anything about now, it wasn't worth much when Avstar bought it. So, the sale proceeds would automatically be applied to creditors and the gov. debt due to the number of judgements and lawsuits pending.
No matter how you spin this, Avstar is history and the bagholders are left holding the bag, thanks to Gamber and his scam.
Twin Air didn't own any aircraft, they where down to two usable aircraft in the end, one leased and a second belonged to Aztec Air, which Twin Air used on a sharing agreement. I'd imagine they've all reverted back to their owners. They also had about 6 aircraft which were leased, but beyond their financial ability to repair (in their words), no one has ever been able to determine where these aircraft actually were. If you asking me, leasing junk aircraft was a scam, especially when the leasor was a associate of Gamber.
If anyone does any checking you'll find that Twin Air, Avstar and the players have had numerous summons filed in State and Federal Court just in the past 30 days. Apparently people aren't taking their fraudulent activities lightly!
I feel bad for everyone that lost here, but that is the world of these sub-penny stock. It is my belief that Twin Air and Avstar is done. There are no assests, everything was rented or leased, which will only add to their woes. They owned no planes, no office space. There are no fbo operations and the mro was in small rented space where Gamber acted as a mechanic. Would you now trust your plane repair to a company which had a disregard for the rules and safety? Remember a while back their plane parts were seized and sold at auction, they tried to tell us they were just old unused parts.....hmmmm, I bet.
A merger or buyout is laughable, why would anyone even think it? Avstar/Twin Air only has debt and liability, nothing at all to offer anyone. No planes, no exclusive rights to any routes, no FAA or DOT authority, no property. My guess is creditors will now be lining up to file suit. If bankruptcy comes, you can't file on taxes, fines or any government costs, which Twin Air has many. The State of Florida and the US Goverment has already filed liens against Twin Air as a part of Avstar.
The big question is, if Avstar has not been paying for anything (this is pretty clear), where did the millions in income go since Gamber took over? Someone been paying off personal debt?
Keeping out of jail might be on their minds!
Here's the link to the Facebook Page which was formerly Twin Air and now Island Wings.
https://www.facebook.com/pages/Island-wings/285626448826?ref=ts&fref=ts
Island Wings, Ft Lauderdale was formed in 2003 and is a private company owned by Carlos Jimenez.
I don't know what it means, but a Charter called Island Wings (Ft Lauderdale) has taken over Twin Air Calypso's Facebook page and is advertising the same routes that Twin Air flew. The plane they show in the picture carries N number, N4550Q and is registered to World Aircraft Leasing, Fl. Its a 402C the same aircaft Twin Air flew. Island Air said they have 4 twin engine planes.
A quick checked showed muliple charter carriers using Island Wings name.
The oil wells and natural gas rights were held under Pangea Petroleum which in turn became Avstar Aviation. Oil to Airlines, could never really figure that one out.
When Avstar was formed they still held a small percentage of ownership rights in a few wells and potential natural gas sites. But the wells had already been depleted and deemed virtually worthless and more of a liability. Since Avstar has not been reporting, it's unknown if they've done anything with the well rights.
As you can see by this link, Pangea was apparently not much better at business than Avstar.
http://www.dfi.wa.gov/sd/orders/SDO-13-00.pdf
The question about whether Avstar can start another airline with FAA approval. If you read the order by DOT/FAA it would seem that the wording is saying they won't really consider Twin Air or present principals of Twin Air for future approvals. I'd say if Gamber and company are gone, it might be a possiblility. The problem is debt, can Avstar even survive when they haven't been paying anything apparently.
Twin Air can't fly anything, they are grounded. Both FAA and DOT certifications are gone. Can't fly anything for hire, they have ceased being an air carrier.
Since no one is answering any phones, I'd say Twin Air is done. Those worthless 3% holdings in the oil wells are about the only thing going for them now, and they actually cost money to hold.
I too thought AAVG would be the life-changer, was very excited to be in stock and on this board, at least until about Feb-March rolled around!!
Funny you mention energy drinks...I took my 90% of funds from AAVG and transplanted them into CLN* a while back, so far a 4 bagger. Pulling nice profits. A few others I have...not so much..lol
Some of you have been Private Messaging me, I'm not ignoring anyone, but had given up my Premium Messaging subscription a few months back.
Fish, I got your message thanks...
Money, the liens where some for Twin Air and some Gamber personally, also some combined.
I've never seen Henry's name on anything.
Looks pretty clear that Avstar won't be flying anything but an unlicensed glider to bankruptcy court. By that letter it seems pretty clear that the DOT and FAA won't be considering any future air endeavors by Gamber and company.
I always said that I had a theory.
Not going into details, but if you follow history of partnerships, friends, the creation of a few paper companies, I truely believe these guys where leasing themselves planes, most of them unusable junk. Use the profits from Twin Air Calypso to pay yourselves for junk planes (most of which we never saw). Money gone, game over! Ever really wonder what the ex-accountant saw and why the SEC had questions about the company formation?
IMO of course.
Probably the genius that didn't want to sell at .0001 or get stuck bagholding with no bids.
and yes, like Fish said, I've have and can post links for anything that I put on here.
I hold a few million shares in another company people have "hope" in still. The CEO has presently absconded to Greece after scamming shareholders, then had the b*lls to send a letter to shareholders asking for money to get back on his feet! Some of these guys are amazing. He had lots of promises too, turns out all he ever had was a website, a great plan and his personal ATM Machine called investors.
You can buy in at .0001, I'd gladly sell you mine, because no one else is buying!
I've had a theory about AAVG and the players since about March, I've resisted posting, because it is just a theory backed by a few facts, kind of like connecting the players and dots. Maybe in the next few days, I'll put it up here since this seems to be pretty much dead anyways.
I've done quite a bit of research on this company and management team, here's some fact for you to "hope" they can fix.
Pending action by the Securities Exchange Commission for failure to respond to their demands.
Failure to pay fines to the US Department of Transportation.
Suspension by the FAA of airline license. (this is not a problem with a plane, this is a problem with the airline).
Liens and Judgements on Twin Air/Avstar by the State of Florida Department of Taxation.
Liens and Jusgements on Twin Air/Avstar by the State of Florida Department of Corporations.
Pending litigation in Florida Circuit Court brought by a former employee.
Failure to pay their former auditor.
Eviction from their former operations base.
Paying lease on about 7 planes now, not being used.
ZERO Revenue or Income.
Thats just a start..........which one starts to give you "HOPE"?
It's been a fun ride here, especially last year. This was one of the best boards I've been involved with. A great bunch.
I was lucky enough to sell-off most of my shares back when I started feeling uncomfortable with events here. The remaining few will go into my "Bagholder" collection.
Thought we had something special here when Asher was gone.
A funny story (well actually sad), last year when Avstar announced they were moving to the Sheltair Facility because it gave them more space and better customer service, I found recently that the reason they actually went to the Sheltair building is because they were issued a Court Ordered Eviction from their previous location!
There is no coming back for this company. They never paid DOT fines, the plane that was on loan from Aztec Air has gone back to them. Avstar and Twin Air have too much debt now, too many judgements and liens filed against them. Anyone who have been associated with Avstar is likely putting much distance between themselves and this failed company. There is no revenue now, only expenses and debt. Bye Bye Avstar......it wasn't nice knowing you!
Andy? Thats a new name, what happened to Henry? Makes you wonder if he's starting to distance himself. I think Henry has always been a stand up guy, he put up his personal money for the company and Gamber for throw away.
OK Andy....questions:
Since you'll be flying in mid-November (Naples says "next year") what planes will be used?, what office space or ticket counter will you occupy?, when do you plan on creating this new spin-off company (Naples Connection). We've seen no movement, no filings, nothing. Just comments. Mid-November is just three, maybe four weeks away, don't you think time is short?
I hope Andy can answer these and he's not really the janitor!
Oh, I also found $91,000+ in IRS Liens from 2009, they don't expire until 2020. I can post links to any of these if someone desires. I should also point out, these are only filings from Broward County and The State of Florida. Haven't looked elsewhere yet. Start thinking about the picture here, now why didn't these guys want a certified audit? Where has the revenue really be going? Is Twin Air just being used as a cash cow (which now appears to be over).
Have not really heard anything other than on hear about GC. I will do some checking.
I don't think you get it, when your a CEO of a publically held company, it's your face, your reputation on that company. Granted these big liens are against Gamber, but they were brought by another air travel related company. You don't think that this has any affect on business, do you think companies will be jumping in bed with a CEO who has a long history of not paying bills? He's already brought Twin Air in bankruptcy once. Do you think any reputable institution will ever loan money?, I think this also answers why Avstar has had unconventional financing.
Also, do you understand that by the government filing liens/judgements on Avstar and Twin Air it gives them the right to seize assests without further action?
So lets see, now we not only have outstanding issues with the SEC, we have outstanding issues with the Federal and Florida State governments. Wonder what else we will find in coming days?
Searching liens has turned up some interesting facts...
Mr. Gamber has an active lien on file with the State of Florida, Department of Corporations, with the plaintiff being Aero Lauderdale, LLC for the measley sum of $630,204.18.
Wonder if he'll dig deep and pony that money up anytime soon?
File# J09002183340
There is a second that list Gamber for a little over $100,000.00. That Judgement appeared to have expired, but may have been refiled. It was not paid.
These have nothing to do with the recent Tax judgements for Twin Air.
There are also 3 judgements listed against Avstar Aviation, also related to taxes.
I think it's pretty safe to say, Gamber was not the man we thought last year.
Obviously there likely will not be any government approvals on the horizon, or much of anything else. Just can't sugar coat this crap.
I just went through the Tax Liens, there are about 7 or 8 seperate liens, many filed this year. All non-payment of various taxes. Corportate, employee, etc.
I guess that answers why Gamber is once again looking to form another company "Naples Connection", something else to hide behind?
Wonder what happened at KFLL and why they haven't flown. Sheltair has refused to answer whether their own tenant is still operating there, which is very strange.
These liens started last year, this may be the answer why the accountant departed, because Avstar/Twin Air wasn't paying taxes?
Here's a link to the liens.
http://205.166.161.12/oncoreV2/search.aspx?bd=1%2F1%2F1978&ed=10%2F25%2F2012&n=twin%20air&bt=O&d=10%2F25%2F2012&pt=-1&dt=LIE&st=fullname&vbt=M
A certification they will not likely get unless their current fines are paid and if their not currently flying (their only income) how will they pay anything.
As I stated, I called Sheltair the FBO, where Twin Air leases office and hanger space for their operation. I also sent an email to the Sheltair base manager, asking for the current status of Twin Air Calypso at their facility.
The only response I've recieved at this time is that they are not authorized to speak for Twin Air Calypso.
I do have a name and email of a former pilot who left Twin Air, I might try that route, see what info we can gather.
I'd never tell anyone to sell or buy, I'll continue to put my finding out here (good or bad) for all. I'm just not seeing the good right now.
Concerning a merger or buyout, I can't buy into that any longer. Avstar/Twin Air has nothing to offer another company. They don't have anything unique, excusive rights to anything, and carry substanial debt. They have outstanding issues with the SEC, US DOT and who knows what else. They don't even own a plane.
What possible benefit could they be to anyone in a merger or buyout?
How long have you been holding and watched this management? I had some confidence last year, then the out and out lies by management started. I have a theory on this company, I'll be around to watch it play out at this point.
Three problems with this: Not to pick, but...
"Naples Connection is the only commercial airline set to begin service next year. It will fly nine-passenger planes to four Florida cities with regularly scheduled flights."
1. Twin Air (Naples Connection) is not a Commercial Airline, they are a On-Demand Charter service like the rest of the Naples air carriers.
2. "Set to begin service next year"? What happened to Mid-November?
3. "regularly scheduled flights", without DOT Commuter Status, can't have them. Twin Air is a On-Demand Charter, that means that the Passenger negotiates departure, ticket price, etc. A Part 135 On-Demand Service can not post or display a schedule. They tried posting a schedule remember.....the fines!!
I really wish there was something tanglible here, like some filings, paperwork, etc.
Found this buried in a Docket with US DOT. It was dated September 6, 2012.
"Further, by Order 2012-2-20, issued on February 24, 2012, the Department issued a consent order concerning unauthorized scheduled passenger service as a commuter air carrier by TAC in violation of 49 U.S.C. §§ 41101, 41712, and 41738 and 14 CFR Part 298, the Department’s commuter air carrier requirements, as well as Order 2005-3-38. That Order directed TAC to cease and desist from further violating those statutory provisions, federal regulations, and Order and assed TAC a compromised civil penalty of $70,000. Under these circumstances, the Department is concerned with the recent enforcement action against TAC and the lengthy time that may be required for it to obtain its operating authority."
Doesn't look to me that DOT will be coming anytime soon. IMO of course!
I'm awaiting a call back from the entity that leases them Office and Hanger space at Fort Lauderdale. They should know Twin Air's status.
I was also thinking this morning, how's that guy they brought on to get the DOT approval done doing? Maybe he's hanging out with the new accountant they were hiring!! lol
Moving to Naples and giving up their base of operations at KFLL, which is their base of operations for Bahama flights? Doesn't even make sense. Their has been NO indication from Naples Airport that Twin Air would be moving there. It was to be Naples Connection a new company owned by Twin Air. The problem is theres been no filings to create that company to date and no applications to the FCC for a Naples Connection Charter Service.
There's been ZERO - NOTHING.....once again.
My guess is something happened to either their authorization to fly or their planes (maybe the lease wasn't paid). Who know with them.
Exactly, agree with you. I've been digging information since they started misleading us earlier in the year. I've found some interesting things along the way ie; relationships, paper companies, etc, etc. Some I've shared, others I've not. My DD led me to sell-off most of my holdings in AAVG.
I've been critized for being negative and not protecting my own and others investment, thats not my style. If a company is being honest and trying, I'll be their biggest supporter, but once they cross the line and start misleading their investors, game over. I've had emails, asking me to stop and pump AAVG, why? Why would we want to intice others into buying so they too can lose their investment.
I remember last year when Clayton Gamber sent a message through a moderator wishing us all well and that he read our posts on a regular basis and they got him through the hard days. Why do I get the feeling he was laughing his *ss off after sending that message!
IMO...it's my rant!
Maybe the the plane broke down on the way to the Bahamas and they forgot their AAA card! They could be stranded on a little deserted island. I think they will show back up, after finding Ameila Earhart.
Wouldn't be the first time for Twin Air. Not flying 3 weeks, I'd think they'll loose the lease planes without the income, then likely BK. If they in fact still have the planes!!!
They have no rabbits left in the hat!!
Tomorrow, I'm contacting Aztec Air, who loaned Twin Air a plane per agreement and see what the story is.
IMO
Here is the email response from the airport.
_____________________________________________________
Please check with Sheltair Aviation (Fixed Base Operator).
I believe they were operating from their location at one time.
Thank you for contacting FLL.
Jennifer Solinger
Jennifer Solinger, Customer Service Manager
Broward County Aviation Department
______________________________________________________
Not a lot of information. I don't know if I like the statement "at one time". I would think an airport manager would know what airlines are currently operating out of their facility.
Well, if as the previous post said the next flight is tomorrow, we will see the flight as it goes off, if it in fact does. If it doesn't I'd start to believe this company is history.