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Tuesday, September 28, 2010 2:08:14 PM
If you want to know more about the class actions, talk to shareholders of his other companies, I believe they are claiming stock fraud. He helped write PRs claiming hundreds of millions in revenues for a company that currently has no bid.
Since Gelmon claims the run has all been sold, can he provide you with the contacts he sold to? Can he issue a PR on the revenues booked?.
Ask Gelmon about his relationship with Ribotsky and if that had something to do with him coming on board at AVTI, because wherever Gelmon is, there are always paper trails of huge NIR Group or AJW Partners convertible debt.
How can bringing down a company bring someone personal gain? Please explain that logic.
Of course Gelmon knows about the attacks on the boards, he most likely has an ID here. Did you ask him why he's quicker on the draw to update his Facebook settings that speak to his shareholders? Where are his priorities?
A month long delay is a material event, especially given the PR 2 months ago saying they were wrapping up production.
If you think Gelmon has a good reputation, you are only relying on message boards for your DD which is very dangerous.
Good luck, try to ask some harder questions next time you call. See if he knows how the SEC veiws fraudulent 8-k filings.
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