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!
