Replies to post #28 on Advanced Technologies Group, Ltd. (fka AVGG)

[tr8dervic]

Since they are disgorging most of the profits in the settlement I think the deferred taxes will no longer be due when the next financial statement comes out after march 15. It will show much lower assets no longer restricted and much lower/none deferred taxes payable imo.

Also, what makes you think they will only have 2 mil cash after the settlement?

Raskas, for his part, consented
to judgment of $4,749,948.03 of the total $19,186,536.32 judgment at issue.

http://www.sec.gov/Archives/edgar/data/1119046/000116552711000082/g4785.txt

To me that means AVGG is paying $14,436,588, unless I'm reading it wrong, and will have close to 7 mil left after the settlement less liabilities which remains to be seen how much they will end up being.

All imho and good luck,

Vic

[tr8dervic]

AVGG 10K is out. No deferred taxes due anymore as I expected. Still have restrictions on their cash until the monthly payments to the SEC are done towards the end of the year. Not sure how much cash they will end up with when all is said and done, because I don't know what burn rate to expect but should be at least a couple mil or more.

11. SUBSEQUENT EVENTS

On January 13, 2011, the Court issued an Order setting a schedule to effectuate
the SEC Settlement and approve a Plan of Distribution. The Court also entered,
as part of the SEC Settlement, final judgments and consents for the Company, and
the individual defendants.

Under the SEC Settlement, the Company consented to judgment in the total amount
of $19,186,536.32, of which approximately $14.8 million was paid within 14 days
following entry of the judgment and the balance is due in nine monthly
installments following the entry of judgment. Such funds are to be distributed
to investors who participated in the unregistered offerings at issue pursuant to
a Plan of Distribution that was submitted to the Court by the SEC in March 2011
and which is subject to the Court's approval. The SEC has agreed that the Plan
of Distribution will require the surrender and cancellation of shares of any
investor who participates in the settlement and who continues to own shares in
the Company. The Company has agreed to pay $500,000 to satisfy the costs of the
administration of the Plan.

For additional information, see Note 1.