InvestorsHub Logo
Followers 1
Posts 251
Boards Moderated 0
Alias Born 01/06/2010

Re: vATO post# 7426

Monday, 10/25/2010 4:16:48 PM

Monday, October 25, 2010 4:16:48 PM

Post# of 30815

Well like I said earlier, first deadline is 11/30-at the very latest, could happen before then.

HOWEVER, Avvaa can file for a 30 day extension 3 different times at the cost of $100k.

I should certainly hope we see CTO revoked this month.



Let me just say something about all this "NIR wouldnt have agreed to this settlement with Avvaa if they didnt think they would get their money back" talk.

NIR has two options. Let Avvaa attempt to pay them back, or take everything Avvaa currently has..a whopping ALMOST $47k of total assets. I understand the mentality, but the reality is NIR would be at a severe loss if they simply sued Avvaa for everything they were owed and put them out of business.

Only hope is CTO removal..maybe winn is right and Avvaa is just biding their time? As a shareholder obviously i would like to see something now, but who knows, maybe waiting is the best thing for Avvaa. Ive waited over a year, I can wait another month for the first dealine, hopefully they dont miss it.