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Re: modrica post# 29668

Tuesday, 05/08/2012 8:47:09 AM

Tuesday, May 08, 2012 8:47:09 AM

Post# of 37818
I agree Avstar is still making revenue, I know they are flying at least 3 days a week, two weekdays and one weekend day making Bahama flights and likely more special charters.

The big question is, where do expenses and debt stand at this point, this is why we need the filings. Remember, Avstar owes a substantial amount of money to at least 5 individuals and 2 financial entities. At least 4 of these carry a 12% annual rate, with one of these coming due in September.

A simple 8K, which was promised weeks ago, could explain quite a bit. Financials could explain much more.

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