InvestorsHub Logo

MikeCr

10/03/18 10:00 AM

#101365 RE: Bulldog09 #101351

AVDX shares dividend is worth nothing at the moment. They are suspended from trading and there is a possibiluty they will never trade again.
And now Mark is talking about giving ARYC shareholders the AVDX dividend?

"The trading halt commenced on September 19, 2018. The Commission also has issued an order instituting administrative proceedings to determine whether it is necessary to revoke the Company’s registration under the Securities Exchange Act of 1934. The Company had not previously received any correspondence from the Commission related to this matter and it has reached out to the Commission to address their concerns.

Since the engagement of new management in May 2018, the Company has taken steps to become current in its reporting obligations with the Commission. On August 28, 2018, the Company filed its Annual Report on Form 10-K for the fiscal year ended September 30, 2016 and the Company continues to work expeditiously with its advisors to prepare the missing reports that are required to be filed for the Company to become current in its reporting obligations with the Commission. Management has continued to provide investors with current information by filing other current reports with the Commission as it completes its restructuring. The Company intends to work with the Commission to address its concerns over the filing of the delinquent reports however it cannot currently estimate or predict what actions the Commission may take in connection with the pending administrative proceeding and/or when trading in the Company’s common stock will resume, if at all."