InvestorsHub Logo
Followers 15
Posts 2354
Boards Moderated 1
Alias Born 03/13/2006

Re: None

Tuesday, 05/20/2008 11:26:29 AM

Tuesday, May 20, 2008 11:26:29 AM

Post# of 97362
Subsequent to March 31, 2008, a total of $52,500 in cash advances made by the former director was repaid under a court ordered issuance of 748 million shares of common stock.

Man, this still blows me away that the court ordered AVWI to pay at todays value times a 50% discount($1,000,000.00+/-) x 50% = $500,000.00 for a measly $52,500! I would have paid the guy/entity off and given them a 10% return and 20% penalty for late fees. This makes no freaking sense.

Anybody seen the court records on why such a ludicrous transaction or is the judge in on this???






If you want to win, learn how to play the game.