AVTC is headed for $1, and the reasons are clear. They are late on their filings and their apparent abuse of shareholders with the exchange of convertible preferred stock for debt that transfers millions of dollars to Worth Inc. is out in the open. Worth Inc. is controlled by the father of the chairman. The business made less money in 2012 than it did in 2011 despite an almost 50% jump in sales. Here it is June already and no one knows what the company did in the 1st quarter. If it were good, we would have heard...
I have been approached by people who have been solicited by the company to invest in their convertible notes. I would love to hear from anyone who believes that the company has been aggressively attempting to persuade them to buy these securities.
I'm not a financial consultant, broker, or investment advisor. From 1986-2006, I worked for investment advisors or broker-dealers. I have held the CFA Charter since 1997. I am a consultant to institutional investors, a newsletter publisher and a blogger.