DD Support Board and Research Team

[janice shell]

And don't forget the sister company owners and directors thought it was a great idea to revoke their stock too.

They didn't really have a choice. Once the SEC initiates an admin proceeding to revoke registration, there's really only one possible ending. After all, the respondent is delinquent or it is not. the issue is not nuanced.

The company can either fight the action, and lose in the end, or accept revocation. The latter course will save money and time. The SEC explains this, and companies almost always agree to revocation. They can, if they want, try to reregister when they're ready to file a new registration statement.

That's all Avant said in its PR. It was nothing unusual.