Replies to post #22492 on Avalon Technology Grp (fka AVLN)

[Jungle_Trader]

Like major dilution from June 30, 2008. How does it look to you?

Posted by: life_in_the_oaks Date: Monday, June 30, 2008 4:14:42 PM
In reply to: None Post # of 22493

73,803,569 shares outstanding according to Downs' pumper firm.

WOW!!! Talk about dilution!

http://www.wallstreetcorner.com/brokersonly.html

"There are 73,803,569 shares outstanding, a float of about 19 million shares, & the company has zero debt. The company has announced it will do a 2-for-1 forward split with a record date of 7/25/2008. Check its site at www.avalontechsolutions.com, & call the company’s IR firm at 866-843-2775."

Absolutely amazing.

LITO
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=30384330

[life_in_the_oaks]

m02, the numbers are already there, so this is just the rehash.

Prior to the split, there were about 74 million shares outstanding, with a 19 million share float, leaving 55 million restricted shares.

Post split, that would be 148 million shares outstanding, with a 38 million share float, leaving 110 million restricted shares.

The current information states there is now 1,268 million shares outstanding, with a float of 326 million shares, leaving 942 million restricted shares.

So…

Outstanding shares have increased by 1,120 million shares, a 757% increase, for 88% dilution to the non-inside shareholders from pre-split.

Float has increased by 288 million shares, a 757% increase, for 88% dilution.

Restricted shares have increased by 832 million, 756% increase.

Pretty obvious that the increase in restricted is, IMO, to maintain majority ownership of this shell, and to also provide a vehicle to support the buyback illusion by just turning back in restricted shares. This happened in 2005, where Downs claimed a 10 million share reduction from the “buyback”, but then had to admit he actually just turned in a bunch of restricted shares (he got called out since the volume didn’t support his buyback claims).

This is such an obvious scam, I don't think the SEC will even do anything.

Good luck with any trend plays, but don't get caught holding the bag....

LITO