AVTI is going to be huge next week. had a lot of volume on Friday. Its making a major breakout!
Shortsqeeze.com says Total Shares Outstanding 134,188,868 Record Date 2009-FebA
Can move fast here at these levels with little OS. Even if there were 200 thousand now! now .0006x.0007 could easily go over .01
Item 5.02 (c) and (d) Election of Directors; Appointment of Certain Officers.
Cory Gelmon was appointed as the sole officer and elected as director of the Company effective upon the close of business August 15, 2008. See Item 5.01 above. Mr. Gelmon is 48 years of age and holds the following offices: President, Chief Executive Officer, Treasurer and Secretary.
During his long career in franchising, Mr. Gelmon has been an owner, promoter, executive and a franchise lawyer. Mr. Gelmon has been president and chief financial officer of Banyan Corporation (the parent of Premier Medical) since 2001. Since 1999 Mr. Gelmon has also practiced law with his brother in a law partnership, Britannia Law Office. From 1993 until 1997, he was chief operating officer and general counsel of Domino’s Pizza of Canada Ltd. Mr. Gelmon was largely responsible for growing the Domino's Pizza chain to 200 stores throughout Canada. He received his Bachelor of Laws with honors from the University of London in 1987 and a Bachelor of Arts from the University of Calgary in 1984.
Posted from another board. Looks like the CEO is buying back shares, or has bought many back since this filing and there are not many left!
A Form 3 is the initial form that a company's officer and/or director must file before they file a Form 4.
A Form 4 is what a company's officer and/or director would file with the SEC to publicly indicate when they have bought back shares for this case in point here with AVTI, if I had to guess, since he has no shares and no position in AVTI to sell in which a Form 4 would be used to show the reduction in his position.
So apparently, the intentions of the Form 3 being filed by the new CEO, President, and Secretary is to inform the public of the amount of shares he will own after he completes his buyback which is about to happen since he just filed it in my opinion.
** It was also mentioned in that 8-K that the new management is expected to hire a Vice President of sales for the purpose of sourcing lines of diagnostic products for resale and also entered into a Joint Venture Agreement with Premier Medical to sell Nerve Conduction Velocity (“NCV”) tests in specified areas.