RE:Sheldon Inwentash LOVES AVCNI should have said the last financing was at $.40 with a 1/2 warrant at $.55 and it closed on April 18, 2024. I had mentioned the previus financing that closed in December.
April 18, 2024 news release and self-sustainability this year. They have subsequently reported the first EBITDA positive quarter:
"We are confident that this financing sets us on the path to deliver on our expansion and commercialization plans and to move towards achieving self-sufficiency during this year,” stated Aras Azadian, CEO." prophetoffactz wrote: From May 23, 2024 to May 31, 2024 Sheldon Inwentash acquired $88,834 worth of stock to hold 5,567,550. He acquired the shares at prices up to $.2761 - a significant premium to today's price. Paul Fornazzari also acquired $250,662 shares at $.275 on May 28, 2024. The last financing closed in December at $.35 with half a warrant at $.41.
With the recently reported 51% gross margins last quarter and positive EBITDA for the first time as well confidence in the future that could make AVCN a self-sustaining company as well as recent developments this year it wouldn't take much growth from here to justify the current market cap leaving blue sky upside from there. Sheldon Inwentash and Fonazzari have been buyers of the stock. The markets AVCN addresses are substantial.
Inwentash's IDK recently won a large settlement so lets see if he IDK acquires shares.