InvestorsHub Logo

Buster123

10/25/10 11:46 AM

#7427 RE: vATO #7426

They have tried at different times but the bcsc has not been satisfied evidently. Just look on bcsc website and see how simple it is if it was the filing of reports only. The latest revocation was for a company that did not file in sept. and they just did and got their cto released. I'm just concerened that something is still not right.

Blue Steak

10/25/10 4:16 PM

#7430 RE: vATO #7426

Well like I said earlier, first deadline is 11/30-at the very latest, could happen before then.

HOWEVER, Avvaa can file for a 30 day extension 3 different times at the cost of $100k.

I should certainly hope we see CTO revoked this month.



Let me just say something about all this "NIR wouldnt have agreed to this settlement with Avvaa if they didnt think they would get their money back" talk.

NIR has two options. Let Avvaa attempt to pay them back, or take everything Avvaa currently has..a whopping ALMOST $47k of total assets. I understand the mentality, but the reality is NIR would be at a severe loss if they simply sued Avvaa for everything they were owed and put them out of business.

Only hope is CTO removal..maybe winn is right and Avvaa is just biding their time? As a shareholder obviously i would like to see something now, but who knows, maybe waiting is the best thing for Avvaa. Ive waited over a year, I can wait another month for the first dealine, hopefully they dont miss it.