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Thursday, February 07, 2008 6:59:27 PM
All of your questions are good and I would like answers also. I had called the TA back on the morning of Jan 30th to get the share structure and left a message for a Marlene. She never returned my call but apparently did send the updated info to Pinksheets.com which had the current numbers on their website page for SMEV the next day on the 31st. I have no idea how 29 million shares could become 8.5 billion. From the little I have been able to ascertain about the demise of 5th Avenue Channel, they never paid their bills and got kicked off the air by the TV stations they had contracted with to provide them air time.
There is more than enough reason to suspect foul play. Im afraid the reason we may not be getting answers from Ella and company is that they too are trying to figure out what happened. If you buy a shell to bring your company public, I would not think you would buy one with 8.5 billion shares if the figure reported is something like 1/300th of that. That would not be much a good start. It is also a bit suspicious that both companies are in the Miami, FL area.
I would like to hear from anyone who can shed some light on this. This board was started in June of 2007 but FAVE had been around since at least the late 90's and was traded as a OTC BB stock at one time. I have been reading the old posts here and you can find some of the old PR's regarding the company. There are several stories you can find on Google regarding FAVE but none help get a clear picture of what transpired.
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