Groove Botanicals, Inc. (GRVE)

[rca]

Avalon Oil & Gas announced two substantive deals where oil fields were provided in exchange for stock, and that there was going to be drilling using new techniques. Recently, AOGS filed SEC notices advising that BOTH of the deals were cancelled on the basis that the fields were not turned over to the company. AOGS stated that they directed their transfer agent to cancel the shares.

Over the weeks after the announcements, the share price for AOGS jumped from between 2-3 cents to its current state.

However, no-one seems to know precisely what AOGS now does as there was no press release explaining the cancellation of the two deals. I would have liked to have seen an explanation from management as to why *both* deals went sour.

With that in mind, I certainly don't know why the shares have gone so high up, especially with the volume of trades.

I am not suggesting that something is wrong with this company, and I note that the President of the company remained with it for several years. Maybe someone knows something that we don't.