ID, the Company is already a delinquent filer within the last 12 months. The Company was required to file form 8K within four days of the termination of the relationship with its independent auditor and failed to do so. The Company filed form 8K Item 4.01 long after the four day requirement only after the SEC served notice as evidence by the uploaded correspondence from the Corporate Finance Staff Attorney in Washington DC.
The aforementioned action, or lack thereof for better purposes, causes the AAVG to be delinquent. There are certain actions the Company will be prohibited from for 12 months going forward from the last time it filed in a timely manner, such as using Section 8 registrations, etc.
In the end, the Company will be notified of its delinquency early next week and will be provided 30 days from said notice to remedy the delinquency.
IT IS THE EXPIRATION OF THE 30 DAYS THAT AAVG WILL BE FLYING INTO PINK SHEETS.
We have approximately 34 days to get this done, not yesterday, today, or tomorrow.
If the Company does not have the money (probably $50,000) to pay for the audit and the auditor, Gamber should reach out to his existing shareholders and try to raise it. There are thousands of us out here. I am sure a few can pull it together.
34 days, it can be done.
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