KB,
I believe his assertions were a complete fabrication.
First the pitch - Buy now because big things are coming this summer. Lots of "big boys" waiting in the wings. Just need a big announcement or two to get the ball rolling.
I'll agree that this has turned out not to be true. However, much of this statement was not available to the general public at the time you indicated (beginning of year). Several "big announcements" have indeed been made since the beginning of this year. But little in the way of real progress with the company. I am not accusing you or your FA of any wrongdoing. I do know that this kind of pitch is common among CEO's, especially on the OTCBB. I personally consider that kind of information to advantageous to the recipient...unless the CEO is providing misinformation.
Which brings me to my second point...
Since you and your compadres are not in a profitable position there is little likely hood of anything serious being filed against you or them for insider trading. TG is quite another matter entirely, By providing this information he would be in serious hot water regardless of the statement's veracity. On the one hand he at least providing unreleased information to favorable parties. On the other he is practicing Fraud. Making untrue statements with the intent of transfering wealth from one party to himself (in this case he and the company are one).
I can imagine that there are many investors like yourself and your FA in TG's past. What has allowed him to continue such a charade I can only guess at.
My first thought is that...fearful of an SEC investigation for "insider trading" none have reported him for the fraud.
Any way you look at this it doesn't come out good for TG or AVBC.
Final point, If you and your FA really believe you were duped by TG, it is your duty to the general public to report it to the SEC.
David Weed
aka the Bird of Prey
www.warp-drive.com
AI
News 
Market Data 
Discover 
