Avantair - Very Interesting Audio Interview with CEO

[Flybet3]

What a shame it was that Avantair lost that 'investor'. :laugh:

Him or his wife? You know...the one that would always take a stincky sh**** right before landing. :laugh:

 

[Geronimo4497]

Sure am sad that I will never get to go to charm school.

 

[Bugsmasher Plus]

They lost "that investor" because he was lied to about the financials. He figured it out pretty fast, and then rode around on company airplanes as long as he could and it took them months to figure out that he wasn't planning on forking over any money. HE still has his millions- either in the bank or at work in a legitimate business.

Actually, it was more complicated than that but what you say is true for the most part. The investor you speak of is in the business of finding investors for companies in need of growth and leaving them better off than when he gets involved. Once involved, he realized that the accounting methods weren't up to par in addition to what you state above. The combination of the two kept other investors away.The NASDAQ listing hasn't happened is for the same reason and I can imagine is putting quite a strain internally on the board and stockholders as it was clearly a part of the business plan. The financial health of the company is one matter but wouldn't stop the move to NASDAQ. The fact that they can't get the NASDAQ listing to due to the accounting issue is another that puts a world of hurt on the company.

 

[Flybet3]

Sure am sad that I will never get to go to charm school.

Yeah, you will forever be a 3rd class dou***bag LOL. See I know have a diploma on my wall that tells everyone that I am charming. HA! :beer:

uke: (BUUUUUUUUUUURRRPPPP)

"pardon me siiiir."

 

[Flybet3]

Actually, it was more complicated than that but what you say is true for the most part. The investor you speak of is in the business of finding investors for companies in need of growth and leaving them better off than when he gets involved. Once involved, he realized that the accounting methods weren't up to par in addition to what you state above. The combination of the two kept other investors away.The NASDAQ listing hasn't happened is for the same reason and I can imagine is putting quite a strain internally on the board and stockholders as it was clearly a part of the business plan. The financial health of the company is one matter but wouldn't stop the move to NASDAQ. The fact that they can't get the NASDAQ listing to due to the accounting issue is another that puts a world of hurt on the company.

Hey man, Love the avatar! Can you PM me the link for that Picture?