Wednesday, September 13, 2023 5:37:05 PM
They were basically a broker selling stock shells to companies. Once they sold the shells, their involvement was finished.
SSM may be dissolved but that has no effect on the companies now running those former shells.
Yes...they did sell some shells to some really bad companies.
The jury is not out yet with AVVH. AVVH is just dormant from a shareholder perspective. The share structure has not changed. AVVH cannot control the public trading of the stock. The share price has not declined due to any dilution.
I have contacted the TA and they confirmed no new shares can be introduced into the float without going through them. The share structure has not increased since the merger.
Yes...there are preferred shares that can convert into commons but as you stated before, that cannot happen until some month in 2024.
We continue to wait for the story to unfold here.
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