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Re: satelliteguy post# 38294

Wednesday, 02/26/2014 12:42:54 PM

Wednesday, February 26, 2014 12:42:54 PM

Post# of 38908
This is how Hipple/Jan operate......FYI

This is RICHARD's doing, no?

Turn water in WINE!

On December 17, 2013 the Company entered into an assignment and modification agreement concerning the $75,000 note originally issued in August 2010 to an unaffiliated 3rd party, see note 5. The note was transferred to another unaffiliated 3rd party. The modification extends the note to December 16, 2014 and continues to accrue interest at 15% per annum. Additionally, the conversion feature remains at $0.02 per share.

On January 10, 2014 the unaffiliated 3rd party holder of the above described note was issued 5,059,932 common shares of the Company’s stock as a result of a conversion request by the note holder. The remaining balance owed to the note holder after conversion is $11,250.


http://www.otcmarkets.com/financialReportViewer?symbol=AVNE&id=116624

Let's do the math, shall we.

5,059,932 shares sold for about $65,000, though we don't know the exact interest amount, which couldn't be much more than $70,000 tops.......is worth over $2MM at .40.

5,059,932 divided by .40 = $2,023,972.80
Volume:
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