Replies to post #3439 on AVT Inc. (fka AVTCQ)

[Alan Brochstein]

This is absurd:

that's because they put money back into the company to fill orders acquire new business like Utique

Their financials for 2012 didn't include buying Utique. Who "put money back into the company"? NO, they are taking it out. The father lends money, gets back Convertible Preferred Stock that is worth a lot more than they say (he gets it valued at $1, it converts at 6 shares per 1 share and the shares were trading above 3). That's stealing from shareholders! Please show us the error in this analysis.

The company grew sales 50% and earnings fell. The previous explanation provided doesn't begin to explain this. I doubt a visit to Corona would either.