Here are links to the S-8, and the associated S-8/POS; an amendment to the original S-8. Both of these were filed several months ago. You may have to sign up at secinfo.com to read the data..: a) S-8: http://www.secinfo.com/duV3u.21v.htm - 3.3MM shares @ 0.04 b) S-8/POS: http://www.secinfo.com/duV3u.22g.htm - 2.0MM shares @ 0.05
The aggregate registration of 5.3MM shares is obviously being used to give new management a reason to bust hump and make a "go" of AVHC, in lieu of ridiculous salaries. I would also [resume that some shares will be used to the cover expenses of any typical new business.
Considering the total O/S count of 16MM shares, the situation certainly doesn't give me any heartburn. But, there it is for everyone to see.
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