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Re: Lesson Learned post# 29622

Monday, 05/07/2012 1:02:48 PM

Monday, May 07, 2012 1:02:48 PM

Post# of 37818
There's a letter from Clay Thomas in the DOT application, pg 104, stating that he audited both 2009 and 2010 financials, so I'm not sure what you mean when you say


They are presently not current for 2009 and now 2011



this is specifically what Clay says in his letter

I have audited the accompanying consolidated statements of fmancial position of A v Star Aviation Group, Inc.
as of December 31, 20 lO and 2009, and the related consolidated statements of operations, consolidated statement of shareholders' deficit and
consolidated statements of cash flows for the years then ended.



also, regarding the three years of financial statement requirement, per the bottom of pg 22 of the pamplet

If an applicant has been in business less than three years, only information for as long as it has been in business is required, unless there is a predecessor company.



was pangea petroleum a predecessor company? AAVG gave the DOT 2 years and 9 months of financial statements. is that enough based on the last quote or does the DOT need to see a full three years?