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Let me ask you something? Are you invested with your own money in AVGR? Saying that, “what you’re talking about greatly helps the company”, is a joke. I am literally convinced you’re on the inside. How can you think about helping the company when they diluted shares into the stock when great news comes out? They literally drove the price down on purpose to keep themselves under the $1 compliance rule, which is what they truly want because not only does the shelf offering allow them up to $50M, which they’re getting by diluting the stocks share count, but then they make more money come Reverse Split time in June. They want 8M shares payable to their employee incentive plan, and an additional 25M authorized shares. All three things allow AVGR to make millions upon millions, and for what? What about the stockholders?
Everyone please, please, please read this!
As investors we NEED to hold AVGR accountable to the responsibility that they have in their stockholders “best interest”! And I mean OUR best interest, not theirs!
Come time to vote at the stockholder meeting, we NEED to vote AGAINST:
- AVGR’s proposed Reverse Split.
- AVGR’s proposed increase in Outstanding Shares from 100M to 125M.
- AVGR’s proposed increase of 8M shares payable to their board/employees.
All 3 of those things allow AVGR and it’s employees/management to make money, not us. They say “it’s in the company’s best interest to approve those things to allow for company growth and improvement”....
Yet every year around January through March, AVGR announces a “Shelf Offering” which means they can sell up to “x” amount of dollars in shares, assets, debts, etc.. Which means they take the profits, they are diluting the shares right now even, go to Nasdaq’s Info tab.
Funny how weeks ago it showed 48M....
AVGR is literally making money off of us and then proposing a RS to allow it to happen again and again. It’s wrong and we should tell them it’s not happening anymore.
They have the Pantheris SV clearance, it’s time for AVGR to put up it shut up! I’ll be spreading the word consistently to every board around.
I’m not a basher, but after looking into the SEC filings for hours on end it’s just pointing to the point I’m making here. I mean what logical sense did it make for that FDA clearance to get approval and then all of the remaining week it plummeted? It made sense, but not for us, for AVGR it did. AVGR with this Shelf Offering is going to keep the stock price under $1 on purpose so they can pitch the “need” for a RS. Please can we keep them straight and deny their requests on those 3 things.
I’m not short, I’m not bashing, look for yourself.
This is just my opinion, please do your DD and can we please put ourselves first this time!
Based on this, does this not look like proof that we are going to go up a ton?!
“Conversion. Each share of Series A preferred stock is convertible, at any time and from time to time at the option of the holder thereof, into that number of shares of common stock determined by dividing $1,000 by the conversion price of $2.00 (subject to adjustment as described below). This right to convert is limited by the beneficial ownership limitation described below.
In connection with this offering, CRG has agreed to suspend the conversion of its Series A convertible preferred stock into common stock until such time as our stockholders have approved an amended and restated certificate of incorporation authorizing at least 125 million shares of common stock. We have created a Certificate of Amendment to the Certificate of Designation of Preferences, Rights and Limitations of Series A Convertible Preferred Stock, in the form filed as Exhibit 3.7 to the registration statement of which this prospectus forms a part, for filing with the Secretary of State for the state of Delaware to effect this change. Following the filing of this amendment, the Company has agreed to call a meeting of the Company’s stockholders on or before June 30, 2019, and to use reasonable best efforts (including the hiring of a proxy solicitor), to obtain approval from the stockholders of the Company for an amended and restated certificate of incorporation that increases the number of authorized shares to at least 125 million shares (or such larger number of shares as is necessary) in order to allow for the conversion of the outstanding Series A convertible preferred stock into common stock. In this regard, the Company shall include approval of an amended and restated certificate of incorporation as a proposal to be voted on by the stockholders in such stockholders meeting. If such proposal is not approved in the next stockholders meeting the Company shall include a similar proposal on its agenda for following stockholders meetings and continue to use reasonable best efforts to obtain its approval until such proposal is approved.
Forced Conversion. Beginning on January 1, 2019, if the Company’s average market capitalization is at least $100,000,000 both (i) on a given date, based on the closing price and number of shares outstanding and (ii) for the prior quarter, based on the volume-weighted average closing price during such quarter and number of shares outstanding on the last day of such quarter, the Series A preferred stock is subject to mandatory conversion (subject to the beneficial ownership limitation below).”
What is the “Shelf Offering”? What does that mean, I’m assuming it’s bad. I’ve read SEC filings and earnings, I might have missed this shelf offering that you guys are talking about. I’m not being lazy, I just am curious,if anyone can help me out that’d be awesome, thank you!
When you say the “shelf offering will likely keep this below a dollar”. What is a shelf offer? Why would it keep this under a dollar? Wouldn’t the FDA clearance give way to the reality that now they can market/sell Pantheris SV for use in the United States which is awesome news! Wouldn’t that drive this over a dollar?
How long do you guys think it will take to get news of the meeting that at 4:30pm today between Trump and China’s VP Hiu He?
An hour? Two hours? What do you think?
Anybody read the new court updates??
When will I be able to sell? It won’t give me the option
In my opinion, it would make sense because in order to pay for the lawsuit that is happening right now, he sold his shares to get capital for the lawsuit. Knowing that he would eventually get that money back and then some once they win, hopefully lol.
Did anybody else see something saying their earnings reports was coming 03/19/3019?
Thoughts on new update of court?
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=n3e8dXtQOnuriVtJqDabeg==
Thoughts on new update of court?
https://iapps.courts.state.ny.us/nyscef/ViewDocument?docIndex=n3e8dXtQOnuriVtJqDabeg==
Haha they don’t report to the SEC anymore. They filled for withdrawal from SEC obligations in July 2018. They owe nobody anything in regards to reports and figures. Now that.....is scary
Hahha this isn’t “great find”, this is old news that has been circulating for a while. You didn’t do any DD by finding this being that many others have posted this before. “Copy/paste”, good job lmao