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Re: None

Monday, 04/16/2012 11:16:28 AM

Monday, April 16, 2012 11:16:28 AM

Post# of 37818
Even if they are late filing, they won't go to pinks. The OTCBB has a "three strike" system before being removed from OTC. AAVG has no strikes at this point, they may get an "E" designation if late, which is removed upon correction of the issue.

I'm more concerned about the 8K Auditor issue than the 10K. I'm very pro AAVG, but if they have not secured an auditor as required, it could point to problems within the company (just my opinion).

In the email that BG got from Henry it said that they felt the 10K would get done. That would have to indicate that a new auditor was being brought on board, or the differences were being worked out with the old auditor.

The good news in the previous 8K was that the former auditor reported no discrpencies or problems to the SEC, which they are required by law to do.

Has anyone sent an email off to Henry to see where these issues stand? We are assuming quite a bit here, maybe he could answer most of the questions about the 10K and auditor issue.


"The cynic knows the price of everything, but the value of nothing"