![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, January 12, 2011 11:19:06 AM
As far as the convertible debt goes, according to AVTI's SEC filings which have only been studied by a minute number of people; one note in particular was to mature December 31 2010. It's pretty apparent there wasn't enough volume to sell any converted shares, so it's safe to assume that note went into default. If that is the case, new notes would have been executed which would include the default penalties.
There is another note due at the end of February which was executed to make an interest on the previously defaulted note.
Who knows what will happen now that Gelmon filed that Form 15, which allows the company to operate in an even darker zone. I didn't expect AVTI to hold up this well today, and if it weren't for the risk of suspension, I'd say it would be a good trade.
If there really are 1760 pairs of shoes, it's a shame they are burning up more money being stored in a warehouse. I wonder why no stores will take them.
FEATURED Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM
Kona Gold Beverages Reaches Out to Largest Debt Holder for Debt Purchase Negotiation • KGKG • Jul 17, 2024 9:00 AM