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AVT INC Message Board

  • gblee677 gblee677 Mar 12, 2013 6:58 PM Flag

    Net Income 4th Quarter

    still no net income for 4 quarter reported. They keep banging drum on top line revenues and gross revenues (as reported on feb 19)and even had a "confrence call" but no word on net.What the heck is up?I have alot of skin in this game but lack of this info makes me worry that net wasnt good.

    Sentiment: Buy

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    • I would recommend you examine their last 10-Q SEC filing to see how they "earned a profit" last quarter.
      It mainly came from selling a mexican restaurant and selling "notes" ie loans. that bear interest of 10%.
      No clue how they are going to pay back all these notes they have issued over the years and pay 10% interest annually.

      Part of me feels bad for the debtors and stock holders...but they didn't do their due diligence.
      Best of luck.

 
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