Re: "you havent done one bit of dd on avix nor its management".
Maybe I haven't but here is what I know about Avix and management,
1. It was incorporated in 1999 as USA Digitel and changed its name to Avix in 2001 with a focus on production and distribution of crude oil and natural gas.
2.Prior to its aquisition in 2010 by the Canadian group it was a CLEC (Competitive Local Exchange Carrier) or a small Telco trying to sign up ISP's, etc. although it never did get any customers and didn't make a dime. Hence the sale.
3. As of 2010, new management pursued several aquisitions in the high tech industry to try and increase shareholder value. After several PR's of potential deals, due diligence showed they were not a good value for the company and did not close.
4. Following a change in the Presidency and Board, the new President, announced an agreement with Helpful Technologies and following due diligence was closed in a relatively short time.
5. The company is still a shell company with no revenue, no earnings, but with liabilities.
6. The share price based on their earnings and assets (yet to be determined what the software contracts true value is), is probably where it should be until the company becomes a reporting issuer and starts to have some income.
7. Most shareholders in Pink sheet stocks do so because they read the stuff put out by the numerous penny stock newsletters, etc. reading a PR and hyping the stock as the "next" big one. Then those same shareholders are disappointed when the stock doesn't go up as expected.
8. A good place to see what the stock is going to do is check to see if Insiders are selling or buying the stock. If selling that means they have no faith in the company and if buying they expect something good is going to happen down the road and they are increasing their position.
9. The President of the company has no influence in the direction the stock is going. It is strictly a matter of supply and demand. All he can do is report what the company is doing. He cannot announce potential deals without a LOI or agreement. It is the investors that need to analyze these PR's and make a decision as to whether or not it is beneficial for them to invest or not. You can't blame the company if the deal does not close.
10. If you don't have faith in the Management of the company, DON'T invest in that company.
