Thursday, October 25, 2012 12:28:59 PM
And more interesting!!!
I believe those of us that have our holdings in the “street name” were disenfranchised. E*TRADE told me, in written correspondence, they were not informed of a proxy vote by Avalon. Is it fair and reasonable to assume out of 3,191,137 shares, 52,500 were the only votes that were “No” votes? It makes it real easy when you don’t see your shares voted. This leads me to file another formal complaint with the Nevada Attorney General and the Nevada Secretary of State, Securities Division! Disenfranchised Avalon common shareholders, because management did not give proper notifications required by law.
On another note, with 3.191 million shares outstanding of the authorized 3.333 million. What about those convertible note holders. Check the last 10K filed on March 31,2012, the number of convertible notes will leave you scratching your head, where does KR plan to get the shares for those conversions? Hold on; is it legal to have convertible notes with no shares to convert to? This leads me to file another formal complaint with the Nevada Attorney General and the Nevada Secretary of State?
Did receive a letter from the Nevada Attorney General yesterday, did you know Consumers or Investors who believe they have been defrauded in a securities fraud scheme can file complaints with the Secretary of State Ross Miller’s Office through their securities division. It appears the investigation is handled by the Secretary of State’s office, securities division and prosecuted by the Attorney General’s office. Did learn they convicted an individual in July 2012, in a securities fraud case with only $50K being lost by the investor.
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