Avalanche International Corp (AVLP)

[PennyStockTrader2]

8-K: Avalanche is buying a U.K company MTI-X for which there is very little info available online for something like 10 million bucks plus stock, wow. Specifically: "(a) 7% secured convertible promissory note of $9,500,000 ... (b) (i) $500,000 in cash, ..., and (ii) 100,000 shares of the Company’s newly designated shares of Class B Convertible Preferred Stock (the “Class B Shares”)"

On their site it says:

"MTIX Ltd is an advanced materials and processing technology company located in Huddersfield, West Yorkshire, UK. The company has developed a novel cost effective and environmentally friendly material synthesis technology for textile applications.

Multiplexed Laser Surface Enhancement “MLSE®” technology utilises combined high powered pulsed UV laser and atmospheric plasma to create high energy reaction zone at substrate interface promoting rapid synthesis to achieve the required functional treatments. "

Say what?

They must really believe in what these folks are doing to pay that much money. Green technology appears to be the key here, since so many industry processes are just chock full of chemicals. Look forward to future PRs to give us the gory details.

How this affects the current stock price and its liquidity is a mystery, though there are mentions of the stock price in the 8-K with respect to exercising the options (50 cents/share). Too many unknowns at this point but I would expect this deal should only be a good thing.