A merger in plain sight. Premise: There is no lo
Post# of 36729
Posted On: 02/25/2014 2:45:26 PM
A merger in plain sight. Premise: There is no logic or business sense whatsoever in two companies (now, incidentally adjusted to have same A/S) under the same corporate umbrella doing exactly the same thing in the same market of California collectives. Indeed, MedScience of iequity is now Aventura Labs, a name that is an entity not an operation, nor in operation. SK3 Group, Inc. is a name and an entity that is an operation, and in operation. (Redundancy to emphasize the point.) Aventura Equities, Inc. (AVNE) acquired the named entity Aventura Labs from iequity. On Feb 23, iequity acquired controlling interest in Aventura Equities (AVNE).
Armstrong told his shareholders what to expect: a merger.
Compiled from three AVNE releases between Feb 13 and Feb 23 -- unless otherwide indicated by color purple.
Aventura Equities, Inc.'s (OTC Pink: AVNE) board of directors has announced that it is going to aggressively seek merger and joint venture partners in a number of business sectors where exciting growth opportunities exist.
Richard Armstrong, Chief Executive Officer and director of the Company, stated, "We have been approached by several companies concerning opportunities that we must seriously address and evaluate.
The Company has been in discussions since June 2013 (note: AVNE MedScience Labs connection appeared smallcapvoice July 2013 under iequity description ) with several companies and the boards of directors continue to evaluate the prospects and the ultimate benefits to be derived for the Company shareholders.
Shareholders deserve an opportunity to participate in developing and growing markets that we may have been recently exposed to and we believe may finally give the Company the gravitas it deserves ."
The Board of Directors of Aventura Equities, Inc. has signed a definitive agreement to acquire all of the outstanding stock of Aventura Laboratories, Inc.(fka MedScience Labs) from iEquity, Corp.
Aventura Laboratories, Inc. is a California company dedicated to the research and development of medical marijuana products and to license the production and sales of the products to state licensed collectives in California.
SKTO is a California company dedicated to the research and development of medical marijuana products and to license the production and sales of the products to state licensed collectives in California.
As part of the change in direction planned by the board of directors, the Company has also dissolved the joint venture agreement previously announced, between its subsidiary Renewed World Energies and US Fuel Corporation.
"...as part of its previously announced "change in corporate direction," that it has approved a change in capital structure of the Company. The Company's board of directors has approved a forward split of the common shares of the Company. As part of the approval the Company will increase their authorized shares to 750,000,000 shares.
SKTO Authorized Shares: 750,000,000
"We believe that this action will create more liquidity for our shareholders and the Company will have better opportunities presented as a result of these actions," stated Mr. Richard Armstrong, Chief Executive Officer and director of the Company.
Mr. Armstrong went on to say, "We are excited with the opportunities that have been presented, and we believe that our current direction will greatly enhance shareholder value , which of course has always been our goal."
As a result of the transaction a new board of directors and management team will direct the operations of the Company after the closing.
Can it be any plainer that there is e merging a Giant in plain sight?
iEquity Corp announces definitive agreement to acquire controlling interest of Aventura Equities, Inc (OTC.PK: AVNE) -Feb 23, 2014
http://www.iequitycorp.com/
The Board of Directors of Aventura Equities, Inc. has signed a definitive agreement to acquire all of the outstanding stock of Aventura Laboratories, Inc. from iEquity, Corp. - Feb 23, 2014
https://www.facebook.com/pages/Aventura-Equit...4065571982
Armstrong told his shareholders what to expect: a merger.
Compiled from three AVNE releases between Feb 13 and Feb 23 -- unless otherwide indicated by color purple.
Aventura Equities, Inc.'s (OTC Pink: AVNE) board of directors has announced that it is going to aggressively seek merger and joint venture partners in a number of business sectors where exciting growth opportunities exist.
Richard Armstrong, Chief Executive Officer and director of the Company, stated, "We have been approached by several companies concerning opportunities that we must seriously address and evaluate.
The Company has been in discussions since June 2013 (note: AVNE MedScience Labs connection appeared smallcapvoice July 2013 under iequity description ) with several companies and the boards of directors continue to evaluate the prospects and the ultimate benefits to be derived for the Company shareholders.
Shareholders deserve an opportunity to participate in developing and growing markets that we may have been recently exposed to and we believe may finally give the Company the gravitas it deserves ."
The Board of Directors of Aventura Equities, Inc. has signed a definitive agreement to acquire all of the outstanding stock of Aventura Laboratories, Inc.(fka MedScience Labs) from iEquity, Corp.
Aventura Laboratories, Inc. is a California company dedicated to the research and development of medical marijuana products and to license the production and sales of the products to state licensed collectives in California.
SKTO is a California company dedicated to the research and development of medical marijuana products and to license the production and sales of the products to state licensed collectives in California.
As part of the change in direction planned by the board of directors, the Company has also dissolved the joint venture agreement previously announced, between its subsidiary Renewed World Energies and US Fuel Corporation.
"...as part of its previously announced "change in corporate direction," that it has approved a change in capital structure of the Company. The Company's board of directors has approved a forward split of the common shares of the Company. As part of the approval the Company will increase their authorized shares to 750,000,000 shares.
SKTO Authorized Shares: 750,000,000
"We believe that this action will create more liquidity for our shareholders and the Company will have better opportunities presented as a result of these actions," stated Mr. Richard Armstrong, Chief Executive Officer and director of the Company.
Mr. Armstrong went on to say, "We are excited with the opportunities that have been presented, and we believe that our current direction will greatly enhance shareholder value , which of course has always been our goal."
As a result of the transaction a new board of directors and management team will direct the operations of the Company after the closing.
Can it be any plainer that there is e merging a Giant in plain sight?
iEquity Corp announces definitive agreement to acquire controlling interest of Aventura Equities, Inc (OTC.PK: AVNE) -Feb 23, 2014
http://www.iequitycorp.com/
The Board of Directors of Aventura Equities, Inc. has signed a definitive agreement to acquire all of the outstanding stock of Aventura Laboratories, Inc. from iEquity, Corp. - Feb 23, 2014
https://www.facebook.com/pages/Aventura-Equit...4065571982
(0)
(0)