Disagree with you. The material information is what can be reported in between the filings, material information is a subjective term. Revenue expected as has been stated is not material information. All material information is up to date as far as they are concerned. When the money starts rolling in, which should be now, that will be a material change to be reported in a future filing.
If AVTX did not have to report royalty earnings in the last filing, but said that they intend to buy back shares,among other things, with the royalties, WHICH they did, then the revenue from the royalties in the reporting period between the last filing and this next one could be used to buy back shares, or whatever.
A couple of months of opportunity to buy cheap shares.
Nothing illegal about it at all. It is THEIR money, we are just shareholders.
Company stated the intent to buy back shares. That is a fact.
From the last filing.
Board of Directors Compensation Review
The Board of Directors has completed their review of compensation for the
Chief Executive Officer/President, AVTX corporate consul & the Advance
Technologies Inc. Board of Director. The review consisted of reviewing
similar Nasdaq BB corporation as well as assessing the scope of effort and
responsibilities of the effected members. The review took into
consideration the current cash flow position of AVTX to ensure any proposed
compensation package would not place an unnecessary burden on the cash
reserves of AVTX.
This review was performed in concert with a priority of AVTX objectives,
and in particular the use of royalty income. The prioritization of
objectives reconfirmed our long standing objective of corporation growth
through the development of new Infrared Products for commercial
applications. The priorities for the use funds are: (1) New product
development, (2) Reduction of short term debt, (3) Corporation buyback of
common stock, and (4) Dividends to shareholders. The buyback option is
based upon the market value of AVTX common. The priority between stock
buyback and dividends will be reviewed and updated as required.
Cytotekk,
