AVEW Holdings Inc. (AVEW)

[GrumpyMayr]

Jose is broke… I told you guys this a few years ago. AVEW has collapsed and is under water in debt. There absolutely no working capital in AVEW and the companies associated with AVEW.

AVEW is the result of money stolen at least $120k from Mike Moore, (General Contractor hired by AVEW) and Chris Wood, (President of Tarragon Homes). As you can imagine $120k is a lot of money for a company that is already strapped for cash.

Jose didn’t do much to help either, lavish parties with young strippers also helped to drain AVEW coffers. All of this came crashing down one February as all of AVEW’s directors walked out of the door to abandon Jose’s sinking ship.

Jose has a mix of worthless notes, trash for stock, and a mountain of debt he cleverly hid behind a shell corp. He has no intent to ever pay anyone, all that is left for him to do is file for bankruptcy.