Posted On: 03/08/2014 12:19:05 PM
Post# of 36729
Re: Agent 0001 #27343
AVNE: The SEC statement did include questions about trading in AVNE stock as a reason for suspension. Other things they question are adequacy and accuracy of publicly available information about "financial condition, the control of the company, its business operations, and trading in its securities."
Trading was last on the list which may or may not indicate its ranking in importance, but it is interesting. Higher on the list were questions concerning "the control of the company." The inclusion by SEC of this entry was "notable" according to a securities attorney and evoked his special attention and comment in light of recent SEC focus on undisclosed controllers of OTC firms.
Private iequity is a stakeholder in AVNE and orchestrated the controversial AV Lab deal. The actions of iequity and AVNE (who apparently blindsided SKTO) just before an announcement of a merger intent (i.e., SKTO + AEGY) would themselves call for close scrutiny. Where there's smoke there's fire, and SEC has evidently picked up a strong scent. Suspension of stock trading can be a death sentence, and regulators use this hammer only in dire cases. An investigation into AVNE invariably will involve iequity as a major AVNE stakeholder. Things might get hot for person or persons, disclosed or undisclosed, up in the attic.
Interestingly, Lotus and Rubicon Advisors were among those issued AVNE shares.
SEC: "The Commission temporarily suspended trading in the securities of Aventura because of questions concerning the adequacy and accuracy of publicly available information about Aventura, including, among other things, its financial condition, the control of the company, its business operations, and trading in its securities."
As of Feb 24, 2014
AVNE Shares Issuance History Period 12/31/2011 through September 30, 2013
Trading was last on the list which may or may not indicate its ranking in importance, but it is interesting. Higher on the list were questions concerning "the control of the company." The inclusion by SEC of this entry was "notable" according to a securities attorney and evoked his special attention and comment in light of recent SEC focus on undisclosed controllers of OTC firms.
Private iequity is a stakeholder in AVNE and orchestrated the controversial AV Lab deal. The actions of iequity and AVNE (who apparently blindsided SKTO) just before an announcement of a merger intent (i.e., SKTO + AEGY) would themselves call for close scrutiny. Where there's smoke there's fire, and SEC has evidently picked up a strong scent. Suspension of stock trading can be a death sentence, and regulators use this hammer only in dire cases. An investigation into AVNE invariably will involve iequity as a major AVNE stakeholder. Things might get hot for person or persons, disclosed or undisclosed, up in the attic.
Interestingly, Lotus and Rubicon Advisors were among those issued AVNE shares.
SEC: "The Commission temporarily suspended trading in the securities of Aventura because of questions concerning the adequacy and accuracy of publicly available information about Aventura, including, among other things, its financial condition, the control of the company, its business operations, and trading in its securities."
As of Feb 24, 2014
AVNE Shares Issuance History Period 12/31/2011 through September 30, 2013
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