AVEW Holdings Inc. (AVEW)

[Acc441]

Here 'whateva77' this statement is from the RECENT 10Q on file :



"Management intends to finance operating costs over the next 12 months with PRIVATE PLACEMENTS of capital stock and LOANS."

What were the terms of the last round of funding? LOL Didn't it go something like: Company receives $55,000 and the lending party receives $50,000 cash or a number of shares which equal to $50,000 at the time of conversion AND an additional 55,000 preferred shares which can be converted to equal $55,000 at time of conversion. and all of this took place in roughly 9-10 months?? LOL. OUCH


On the other hand....The statement you quoted was from a PR.