AV1 Group, Inc. (OTCMKTS:AVOP) Slammed Back to Rock Bottom

On Monday the stock of AV1 Group, Inc. (OTCMKTS:AVOP) went up 100%. This sounds like an impressive feat but is rendered less so when one realizes the starting point of this move was at $0.0001, so was is virtually impossible to close green and not be at least 100% up. The green move was followed by a humongous dump near yesterday’s closing bell, which pressed AVOP back down to the absolute bottom.

AVOP‘s share price spent the last month in a coma, never moving from $0.0001 per share until Monday, with the majority of the trading sessions zooming by without a single share traded. Yesterday, however, volume was through the roof, at 1.31 BILLION shares traded – an all time record for the ticker.

The company caught up with its overdue filings and is back to being a pink current stock. The latest report is a quarterly for the three months ended March 2015 and contains the following:

• $1 thousand in checking/savings
• $83 thousand in total company assets
• $169 thousand in total company liabilities
• $2 thousand in quarterly revenues
• $20 thousand in quarterly net loss

Those dreary numbers are padded out by an outstanding share count of 4.3 BILLION. In its latest press release AVOP informed that it was slicing its maximum authorized shares by 50%, going from 15 to 7.5 billion authorized shares. The majority of the PR is nondescript fluff and generalities about enhancing shareholder value through unexplained venues. Additionally, the PR informs that AVOP‘s board reached the staggeringly profound conclusion that toxic financing is against the interests of both the business and its shareholders.

It’s difficult to imagine how you can sign toxic debt when your share price spends its time locked at rock bottom, as you simply cannot offer a discount from there. The fact that so many sellers rushed in at the first sight of $0.0002 in a month does not really inspire a lot of confidence in the ticker and investors may want to spend a bit of extra time reading up on this one before making a move.