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Sunday, June 29, 2008 1:21:30 PM
I remember DNAG filed similar documentation to acquire a large foreign pharma and lied every step of the way. They lied about financial suitors. They lied about most everything.
BIFT reported having Paul Allen as a financial interest. That was a lie. They lied about technology in hand and I even went to SC to have a demo that impressed the hell out of me. It was all bs.
These are top notch cons.
The list goes on and on. These kinds of companies do this kind of thing all the time to sell new shares. Look at Peacock history. They repeatedly do this by using clever language and never committing to concrete dates or numbers. Name-throwing has become commonplace. These stocks are not for investors. They are for traders.
Can the AVWI story be real? Sure. But I doubt it. Letters of intent and 8K filings suggesting preparation are meaningless. Give me a hard date or a number that does not have multiple possibilities and I may begin to lean toward believing. Right now, I see absolutely no evidence to think this is legit.
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