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Alias Born | 12/02/2011 |
Monday, May 07, 2012 11:11:51 AM
Some may not agree with my recent posts and think they are too negative, they are just the items I've uncovered to be true.
These guys must satisfy the requirements of the SEC in order for DOT to be approved (in my opinion), based on the fact that DOT requires financials to be current. If Avstar was privately held they would still have to be current with financials. DOT is NOT about air worthiness (thats FAA), DOT IS about financial health and the ability to run regularly scheduled operations without interruption. Because Avstar is a public company they must satisfy the SEC filing requirements for 3 years per DOT. They are presently not current for 2009 and now 2011.
This is the point I have been trying to make. Avstar needs to stop making excuses, telling us it's coming and just get it done. When they can't get the 2009 current, I'm personnally not confident they will get the 2011 done. But, making it known everyone is unhappy, might motivate them a bit.
AAVG
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