Replies to post #7430 on Avvaa World Health Care Products Inc (AVVH)

[vATO]

Awesome, didn't know the first date.

Thanks!

[RFG7-42]

Like you said, the deadline is 11/30/10, But they can not wait to extended as we know for th price of 100K, As you said, They do not have the money to pay that and for sure NIR is already tired with that, because as we read on the MD&A they already waved the fined to many times already

[winnracing]

AVVAA can also file a chapter 7 in Bankruptcy court and hang loan companies on the limb for years before monies are due, Id really doubt AVVAA would file a chapter 13, but its an option they have, bad for investors filling a 13...
Look at Delta air lines, filed a chapter 7 and stalled all loans for around 4 years... that would "not" cost a 100 grand.
AND, AVVAA could keep trucking with no worries of financial loans haunting them...!!! "for years"...
I don't know what it would do or if it would effect the CTO though??? I was told it would not. Chapter 7 is defined as a way to re-group financials...
We have Lawyers in the family that say for every law there is a loop-hole...