"Shareholders deserve an opportunity to participate in developing and growing markets that we may have been recently exposed to and we believe may finally give the Company the gravitas it deserves."
The Company has been in discussions since June 2013 with several companies and the boards of directors continue to evaluate the prospects and the ultimate benefits to be derived for the Company shareholders.
As part of the change in direction planned by the board of directors, the Company has also dissolved the joint venture agreement previously announced, between its subsidiary Renewed World Energies and US Fuel Corporation. "The joint venture agreement never progressed satisfactorily and we believe it is in the best interest of the Company to not devote economic or human resources to this endeavor at this time," commented Mr. Armstrong."
how many of these has avne had? over the years 3 or 4 ?
Aventura Equities Announces Capital Structure Changes Including a Forward Stock Split
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Aventura Equities, Inc. (USOTC:AVNE)
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Aventura Equities Announces Capital Structure Changes Including a Forward Stock Split
GEORGETOWN, SC--(Marketwired - Feb 18, 2014) - Aventura Equities, Inc.'s (OTC Pink: AVNE) board of directors has announced that as part of its previously announced "change in corporate direction," that it has approved a change in capital structure of the Company.
The Company's board of directors has approved a forward split of the common shares of the Company. As part of the approval the Company will increase their authorized shares to 750,000,000 shares. The forward split will be nine (9) shares of common shares for every one currently held. These changes and the actual date of distribution will be subject to acceptance by the Secretary of State of Florida and FINRA which will be filed this week.
"We believe that this action will create more liquidity for our shareholders and the Company will have better opportunities presented as a result of these actions," stated Mr. Richard Armstrong, Chief Executive Officer and director of the Company. Mr. Armstrong went on to say, "We are excited with the opportunities that have been presented and we believe that our current direction will greatly enhance shareholder value, which of course has always been our goal."
The Company will promptly inform the public when it receives the effective dates of the split from FINRA.
Disclaimer: Forward Looking Statements
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"We are excited with the opportunities that have been presented and we believe that our current direction will greatly enhance shareholder value, which of course has always been our goal."
look at the repeat offender avne
Security Notes
Capital Change=shs decreased by 1 for 1500 split. Pay date=06/23/2005.
Capital Change=shs decreased by 1 for 250 split. Pay date=08/18/2003.
Capital Change=shs increased by 16 for 1 split. Ex-date=05/07/2001. Rec date=04/30/2001. Pay date=04/30/2001.
Capital Change=shs decreased by 1 for 250 split. Effective date=8-17-04
Capital Change=shs decreased by 1 for 1000 split. Effective date=12-1-04
Capital Change=shs decreased by 1 for 1000 split. Effective date=3-7-05
Capital Change=shs decreased by 1 for 1250 split Pay date=01/26/2006.
Note=Trading temporarily suspended by the SEC pursuant to Section 12(k) of the Securities and Exchange Act of 1934 from 9:30 AM EST on 03/05/2014 through 11:59 PM EST on 03/18/2014.
Capital Change=shs decreased by 1 for 7500 split, Fractional shs rounded up to nearest 100 round-lot shs. Pay date=11/03/2008.
