Replies to post #4369 on Avalon Technology Grp (fka AVLN)

[chisox pat]

Transfer agents are also there to confirm authorized and outstanding share counts. The only time they will not give that info is if they are expressly told not to by the company.

The only reason to gag a TA is to mask dillution. There are few absolutes but that is one of them.

[Investorman]

If a company can't afford to make the legally required filiings they have no business being a publicly traded company.

A TA's job is not to raise capital or sell shares. Their job is to issue, track, and manage the issuance of shares and keep the required records. While it is the company's obligation to provide the A/S and O/S to the investing public, the TA is the only one who has the figures which count because of their SEC license. You are correct that it isn't the TA's function to provide IR for the company but no reputable company gags their TA when it comes to releasing share count information.

In this case, since the company hasn't made any of its legally required filings, there is nowhere but the TA to obtain verifiable share information.

[hasher]

I am just a believer that you hire a T/A to raise capital by selling shares

New rule??

basic market knowledge is preferable for safe investing

[pantherj]

Good grief! That was the deal Downs made when he went public. All public companies have the same requirement. All others, except for similar pink penny pigs, have no trouble meeting this requirement. There is absolutely no legitimate excuse for non-filing. Downs is afraid of exposing the facts.


I think we covered this before but it is very expensive and vert time consuming to fiel these reports.