Aventura Equities Inc (AVNE)

[Schmedrickk]

This is a very big statement here folks....

From the DEF 14C

A majority of the voting power of the Company's outstanding common stock, which is held by Francis P. Manzo III (Controlling Shareholder) and has determined by exercising his super majority vote to have the Company file a Form N-54C and withdraw its election to be registered as a BDC.

http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5325299

Francis Manzo not only has total control of the Preferred Shares, but also has a majority control of the Common Shares as well. This "may" imply that the public float is much smaller than a lot of people believe, am I reading this wrong?

I hope not! LOL