News Focus
News Focus
Followers 159
Posts 10891
Boards Moderated 0
Alias Born 07/11/2010

Re: Hitman970 post# 3866

Friday, 06/27/2025 7:26:48 PM

Friday, June 27, 2025 7:26:48 PM

Post# of 3878
Everything that I have posted here is factual and conclusive.

If you are indicating the blips that have been happening with price since my previous post on 5/26/25, it is my postulation that it is a MM for IONIC Ventures trying to drive some more interest into this POS
so that they can dump all of their newly acquired shares from the settlement.

One can watch the live quotes on thinkorswim or other platform and see that GTSM is the MM pushing
the price around a bit on both the buy and sell sides. This is a common practice on a DEAD stock trying
to give it the appearance of at least a bit of volume and then tripping some technical indicators
(thus getting some naive / uninformed bottom-feeders to buy in).

The facts remain:

Avenir Wellness Solutions (formerly Cure Pharmaceutical Holding Corp.) recently announced a global settlement with Ionic Ventures LLC, resolving outstanding debt disputes. The settlement involves converting a portion of the debt into common stock (more dilution) and restructuring the remaining debt into a new note (just more debt). Additionally, the company's CEO, Nancy Duitch, resigned, with the CFO taking over as interim CEO.

Debt Settlement:
Avenir Wellness resolved its legal disputes with Ionic Ventures through a settlement that includes converting some convertible notes into common stock and restructuring the remaining debt into a new note according to Avenir Wellness Solutions.

Debt Conversion:
Approximately $8.7 million in convertible notes were converted into around 8.3 million shares of common stock.
New Note:
The remaining debt was restructured into a $2.85 million senior secured note, bearing interest at 10%/11% and maturing in two years.

CEO Resignation:
Nancy Duitch resigned as CEO, effective March 1, 2025, but remains on the Board.

Interim CEO:
Joel Bennett, the company's CFO, has been appointed interim CEO

So, with all of those facts above - I doubt very seriously that I am "getting ahead of myself".
Who knows - that miracle I spoke of - well, it still could happen. Could - but doubtful.
Bearish
Bearish

Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y