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Alias Born | 12/02/2011 |
Friday, May 04, 2012 1:22:59 PM
I was one of the biggest supporters of this company and one of the most frequent ask slappers, all the way up to the .0036. I bought quite a few of those flipping shares that were on the ask.
In the last few weeks, I gone from 6mil shares to a token amount that I really don't care what happens to them. I'm not supporting this management team any longer.
This company is in trouble, now with that said, most penny companys carry huge debt. I hold some of them and they have done OK, hell some have lawsuits for not paying bills. But these Avstar guys don't only ignore us now, when they do talk or respond you can't believe what they say.
The bottom line here is, they are running an airline, not making websites or building cellphone cases. They can not maint. the operation without good management and some working capitol.
I've been saying here, do some digging, do your DD. There are recently released documents that were previously confidential that show the trouble that this company is really facing. You can't keep snubbing the SEC requests, they WILL take action.
What happens when the current planes come up for required maintainance? Can they afford it? Avstar/Twin Air currently has at least 5 planes mothballed because they can't afford repairs, however they still have lease payments on these planes. Estimated cost of repairs likely close to $500,000. for all.
Just a few things, I could go on and on....
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