Verde Science Inc. (VRCI)

[exlud]

10-Q out today. A couple of things that I saw stood out.
Avro is farming out work on some Arkansas wells:

On May 24, 2011 the Company entered into a Farm-Out Agreement with First Pacific
Oil and Gas Ltd. ("First Pacific"). Under this Agreement First Pacific has
acquired the right to earn 50% of the Company's working interest in its existing
12 hydrocarbon wells located in Southern Arkansas. Under this Agreement First
Pacific paid the Company $50,000 within 21 days of the Agreement date; will pay
$200,000 within 45 days of the Agreement date; and will pay $800,000 on or
before 6 months of the Agreement date.

I'm not familiar with Pacific, but hopefully they can get some production going.

AVOE also retired some shares:

On May 15, 2011, the Company cancelled 1,150,840 common shares previously
issued.

I had also forgotten about this section, which may (or may not) explain the volume surge on July 20th:

On September 13, 2010, the company entered agreements to convert various
outstanding loans into restricted shares of the Company. The total amount owing
to its creditors was $390,048, and each agreed to the issuance of restricted
shares of the Company to settle this outstanding debt.