Avenir Wellness Solutions Inc (QB) (AVRW) Quote

Either a Gambler - or - Delusional - BANKRUPTCY

Looms.

They definitely didn't read that horrendous 10Q or
they don't know how to read a 10Q.

Uptrend with some uninformed penny investor gambling $150??? Give me a break!

PURA VIDA!

Nice close for AVRW today with another gain to continue the recent uptrend. Investors are seeing that there is good upside potential here as the company continues to develop its business plans. It's also very positive that management is keeping all required SEC filings up to date to maintain their valuable OTCQB listing status.

Avenir Wellness Solutions Inc (OTCQB: AVRW)
Last: 0.0499 +0.00495 (+11.01%)
Volume: 3,423
Day Range: 0.0499 - 0.0499
Last Trade Time: 3:53:25 PM EST

No kidding. BANKRUPTCY ????

I need to dig a little further in the transactions section as I read that they had
received the remainder of the $2MM from good ole RD (somehow someway)
but I have not spotted those particular payments in the spreadsheet data.

Anyhow - Sales have indeed dropped sharply, they are sharing space in the
distribution center and have no main offices any longer, and yes indeed - the
debt just keeps piling up and the interest rates are killing them too.

Sad sad sad. Oh... and is RD still Chairman of the Board ??

As of September 30, 2024, the Company had $11 thousand of cash on hand, had an accumulated deficit of $126.1 million and a working capital deficit of $13.1 million. Our operating activities consume a portion of our cash resources. We anticipate that we will continue to incur operating losses and negative cash flows from operations as we execute our strategic and business development initiatives. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company may need to complete additional equity or debt financings to fully execute its business plans and strategies.

That may be the ugliest 10Q I have ever seen!!!

NO MONEY!! NO SALES!! NO OFFICE!!

LOTS AND LOTS OF DEBT!!!

Not even worth anything as a shell as the debt is a killer!!!

NEW LOWS ARE COMING SOON......

After reading that 10Q, my guess is there will be a lot of selling tomorrow.

THEY HAVE NO OFFICIAL OFFICES ANY LONGER.....

Operating Lease



The Company currently maintains its corporate offices at 15233 Ventura Boulevard, Suite 420, Sherman Oaks, CA 91403 at no cost to the Company under an informal arrangement with its tenant while the Company seeks to identify suitable permanent office space. The Company previously maintained its leased corporate offices at 5805 Sepulveda Boulevard, Suite 500, Sherman Oaks, CA 91411 under a lease agreement (the “Lease”), which was originally set to expire on April 30, 2026. Effective on September 6, 2024, the Company early terminated the lease without penalty by mutual agreement with the landlord and the Company vacated the premises. The lease provided for the payment of base monthly rent in the amount of $7 thousand during the first 12 months of the term with an increase of 3% over the base monthly rent beginning on the one-year anniversary of the Lease. The Company previously occupied Suite 801 in the same building under a lease agreement that expired on April 30, 2024.

Horrendous 10Q - THE TOILET IS FLUSHING

Read it all closely - they have less cash on hand than current liabilities.
So, they are more than broke !! Sales are absolutely horrible.

https://www.sec.gov/ix?doc=/Archives/edgar/data/1643301/000147793224007414/avrw_10q.htm

BANKRUPTCY is a long and slow bleed here - Miracle coming? Doesn't appear so.

Fingers crossed that the future shows increased sales. Filing is always good news.

AVRW has filed the company's 3rd quarter financial results today, well within the normal extension time frame for its due date of November 15th. Management is keeping the company is good standing and is now fully up to date again with this filing. As the company makes more progress on its developing business plans there is a lot of upside stock price appreciation potential here from the current base support pps levels.

Avenir Wellness Solutions, Inc. (Form: 10-Q, Received: 11/19/2024 13:34:16)
Link:
https://www.otcmarkets.com/filing/html?id=17986389&guid=cmY-kpB8kdwfJth

Good thing is their filing extension is for 5 calendar days, so you will see or not see their filing in 2 more days.

PURA VIDA!!

BETS ON ANOTHER DELISTING TO PINKS?????

It's only been about a year ago that they were moved to the Pinks
after not filing on time.

Anyhow, I think it might be prudent to consider the fact that this time off
they are probably even more strapped for cash than last time.

As a direct result of the timing of the change in Avenir's auditor, the completion of its 2022 annual audit and the filing of its Form 10-K were delayed beyond the May 15, 2023 OTC Markets Group's deadline and, effective as of May 17, 2023, Avenir's common stock was moved from the OTCQB to the OTC Pink Market. Upon getting current with its SEC filings, the Company immediately re-applied to move the trading of its securities back to the OTCQB. On September 14, 2023, the OTC Markets Group notified the Company that its common stock would be re-listed on the OTCQB, effective September 15, 2023.

https://finance.yahoo.com/news/avenir-wellness-solutions-announces-return-100000078.html

LATE FILING NOTICE ONCE AGAIN......

FORM 12b-25 for NT-10Q Late filing

No big surprise here - they are late more times than they are on time.

Still calling BANKRUPTCY on this one without a MIRACLE.

Last trade uptick from 4 cents to 5 cents was for 1700 shares or $85!!

Real conviction!!! A fool born every day!


PURA VIDA!!

Nice close at the .05 level today for AVRW. The uptrend continues here.

AVRW Avenir Wellness Solutions Inc (OTC: AVRW)
Last: 0.05 +0.015425 (+44.61%)
Volume: 59,939
Day Range: 0.04 - 0.05
Last Trade Time: 3:30:47 PM EST

Good week for AVRW with the uptrend continuing and substantial bud support solidifying now. Looking forward to the company's Q3 financial filing due next week and hopefully some new press announcements on their progress and plans going forward.

We are going to need some good news here. Companies can be more resilient than hey appear to be. Hoping we get some good news here and they can turn this around. Tough running a company when one is counting pennies. I personally have done that before. Looking for a decent Q3 to start the rise. Let's see.

AVRW is due to report Q3 numbers this month by November 15th. Management is very reliable about keeping all its filings up to date so the stock remains in good standing for its OTC listing. We will likely see the upcoming filing on time and hopefully some fresh news on progress and the latest developments. Lots of potential for pps rise here from current base trading levels.

Agreed, I've been warning here for several years.

Thanks Pura Vida. I didn't see any updated address info but that happens. I don't think they are really concerned whether it goes bankrupt or not. What have they got to lose? They picked the bones clean and came out enriched. Like you I got out but it still stings. After reading the older posts, the hard data and facts, I just find it odd that RD/Cure paid 11 million dollars for a tiny cubicle company worth barely a million, with no track record, so so sales, pumped up with fiction, covid cash and covid traffic, loads of consumer complaints, and there are hundreds of competitors out there selling the same or better CBD products, moisturizers/line reducers, and the only positive reviews appeared to be from insiders. It just buggers the mind. I smell sulfur.

Not a lot of time to respond. But, if we are on the same page,
I posted some time ago about Avenir/Sera Labs having downsized
from the 8th floor down to the 5th in the building they lease at. I think
this is what you refer to - but not sure. They are in the same building
but now on the 5th floor.

The transparency here is indeed like a window painted over black.

Bankruptcy or Miracle - I still say bankruptcy looks inevitable.

It appears that the registered business address of Seralabs has been VACANT and listed for rent or lease for quite some time now. The other listed address is simply a commercial fulfillment center. What does this mean? Where are they? If this is the case, then what are the business rental expenses listed on their filings about? Maybe I'm missing something but there appears to be gaping holes, missing assets, invisible costs claimed as real, re-purposed/missing PPP money, re-directed debt, all kinds of cannibalized assets, and where is the transparency? They are talking a big talk with very poorly done flowery hype about product and the future, but wouldn't it be more important to clarify status?

There is not a good reason that I could think of for anyone to buy this.


PURA VIDA!!

New ALL TIME LOW, drops below 2 cents

$AVRW continues down down down

Doesn't have far to fall.


PURA VIDA!!

Sounds like something done to the pavement 🤣

$AVRW is going down down down.

Correction, "moisturizer/temporary line filler"

Clearly the bulk of the positive comments are not genuine--they cluster around specific dates after negative postings and the language is too superfluous to be meaningful or real. Across their limited market there are warnings about engaging with this company and that becomes terminal. Very sad but they have destroyed any good will from the limited consumer market they claim to have had. This is all just a common simple moisturizer promising the moon that evidently is not worth the trouble--and using NK as a brand ambassador is probably as bad for NK versus being good for the company. People appear pissed off.

This Product Celebrity Endorsed And 300% less money......

https://www.yahoo.com/lifestyle/olivia-wilde-40-loves-cerave-and-its-bestselling-eye-cream-is-on-sale-for-just-14-125055766.html

So why buy something Nicole Kidman says is great when Olivia Wilde says this is great for 3 X less cash out of your bank account...... ??
(I am comparing equal amounts in volume 2 each of the Cerave @ .5 oz compared to 1 each Seratopical DNA at 1oz.)

$AVRW - will they drop below 2 cents next week ????

$AVRW - will they go BANKRUPT or will a MIRACLE occur ????

POM-POMS hard at work!! Why?? I don't understand. I'm guessing they are not getting their posting fees.

Watch Nicole Kidman’s video for $AVRW on Instagram here:
https://www.instagram.com/reel/CyGgu2pr8zA/?

Just look at 2.2/5 Better Business Bureau numbers

Well SOTG & WF11, We have presented facts and numbers related
to 8K's, 10Q's and 10K's as well as pointed out some of the information
related to past products, manager's and the musical chair name game.

The BBB is generally a decent indicator of what people think about the
company. Their BBB score is 2.2 out of 5 ratings. It's a mixed bag of
comments both good and bad - but overall - it's bad.

Besides having no money - they have an awful reputation on customer
service, monthly recurring charges without efficient reviews etc. etc. etc.

Current price 2 cents
Current bid .0106 10K shares
Current ask .0298 10K shares

https://www.bbb.org/us/ca/sherman-oaks/profile/health-and-wellness/the-sera-labs-inc-1216-1084307/customer-reviews

The AVRW Sera Labs product line has never been more appealing and effective. Everyone can see it here and place orders too:
https://seralabshealth.com/

How is that even possible?

NO $$$$. = NO ADVERTISING = NO SALES

This Company is gasping on fumes!

POM POMS have no shame leading people astray with lies and innuendos.


PURA VIDA!!!

Hoping for a decent new quarter. Growing sales would be encouraging.

Happy Weekend to you too Pura Vida. I think you nailed it. It's all very muddy too. But I don't see ND as left holding the bag really. This was all a game of musical chairs and I think that they knew exactly what they were doing. They were able to cannibalize the assets, the salaries, the business flow, and acquire debt that would be unrecoverable later. Maybe I'm wrong, but look at the track record. Nearly all of their products used OTC ingredients and dressed them up with CBD, or "plant stem cells" or whatever. But most consumers are too sophisticated to buy into this dialog. What startled me was there were a lot of postings about customers unable to cancel their "subscription" and being unable to get customer service to report issues or return the product. The 5 star ratings appeared to be from insiders and bots. It's almost like they never intended to stick around.

Happy Weekend WF11

I don't have a lot of time at the moment, but in one of my past posts I outlined the tangled web that took place when RD met ND and then "acquired" Sera Labs. At that time, there was supposed to be a synergy between the two companies. ND was outsourcing production and was moving more toward CBD related products. RD was working with Canopy Growth (but that deal fell through) and RD also needed to show "revenue" on the books. RD really didn't have ANY products marketed and the thought was that by acquiring Sera Labs - Sera Labs would then utilize the CURE Oxnard facilities for their production etc. Cure then would be showing income/revenue from Sera Lab product sales.

Don't have a lot of time to go into it - but later RD had to give control of Cure/Sera to ND. Later RD (through TF TECH Ventures) bought back the Oxnard Manufacturing facility and employees along with some of the KEY patents. ND and Sera Labs then went on their own way again (but with RD still being Chairman of the Board). Very sordid web has been woven. Quite messy in my opinion - along with the very muddy money trail - I outlined all of this in a LOT of detail in a previous post - but - since I don't have a paid subscription here - I can't easily find it.

Cure - Ionic Ventures, deal to acquire Sera Labs

Ionic Ventures converts notes endlessly - sinks share price - Lawsuit follows

RD/TF Tech Ventures - buys back manufacturing facility and key patents - leaves ND holding the Ionic bag

Sera Labs/Avenir losing money hand over fist - Takes another life-line convertible note debt from 1800 Diagonal

The rest is history still in the making. We'll have to see if BANKRUPTCY or a MIRACLE happens.

I still think it will be BANKRUPTCY with ND somehow getting Sera Labs back again (private).

Pura Vida--the sad tale of another stock hit victim is so familiar. We all need to be much more skeptical of these grand promises and notions by high talkers and I'm not only referring to RD. I'm curious about your comment that Sera Labs had a "CURE plant" that RD bought back from Nancy. I didn't know ND ever owned a plant. I thought that Seralabs outsourced production of product elsewhere and the manufacturing plant in Oxnard was a separate part of CURE's pharmaceutical endeavors which they sold long ago. But even if seralab product was made there, I'm pretty certain ND never owned that plant. Wasn't Seralabs a very small entity from the get go? Why would they own a manufacturing plant?

What about Y/E tax sales? There will be no buyers.

PURA VIDA!!

2 cents bid going to collapse when conversions begin.

WF11, thank you for your kind words about my buddy and his family.
He took a hard hit and died while holding between 80-90K dollars worth
of shares. He kept falling for the Rob Davidson bullshit.

In another post (couldn't find it when briefly looking), I outlined the other
companies that RD has belonged to and the lawsuits that he was also
involved in with those. He really doesn't have a great track record.

I've only been following this to see it go from CURE, to Cure/Sera Labs,
to Avenir Wellness. RD did a good job escaping the IONIC lawsuit by
saddling Nancy and company with both the debt and the lawsuit. Why
he is still Chairman of the Board is beyond me. I have not been able to
find in any filings if Sera Labs is still having the CURE plant that RD bought
back from Nancy and Company along with the patents. Avenir really isn't
very transparent.

I also outlined in a prior post the several iterations that Nancy Duitch herself
has been through. She has changed products several times and finally settled
upon the line that now has Nicole being the ambassador of (to no real benefit of
either her or the product line).

And as you rightfully point out, the director's of the company show on 8K's that they
themselves get fairly high enumeration along with stock awards/options. Doubt they are getting too much these days though - unless the convertible debt loans are just going to pay their wages.

There is so much debt here - I don't know how ANYONE can be bullish or recommend this company to anyone. It's just a matter of time before BANKRUPTCY and Nancy will most likely figure out how to bail it out of BANKRUPTCY and take it private again.

Either way - shareholder's always are the one's who get left empty handed.

Have a great day.

So sorry for your friend and his family. But I have to wonder, are any of the senior officers really left holding any weights? They have all continued to draw significant salaries, benefits, and travel swag, not to mention equities which I am sure they will leverage in some way. I think they ALL knew exactly what they were doing--field stripping the company for quick profits because perhaps they felt the value of those assets was not possible to potentiate. After all, there are hundreds of celebrity adjacent cosmetics and nutriceuticals, and hundreds of pharmaceutical delivery systems, both standard and nano, and there was nothing special about these except for the hype. In fact, I think there was a possible latent toxicity that appeared in people who were using their vitamin strips. I'm not sure what the facts are but I read about postings regarding abnormal labs after even short term usage so maybe there were issues not fully understood.

And he then left Nancy and Shareholder's holding the barbells
as they sink in the quicksand - so sad and aggravating. I still feel
so bad for my friend's family..... he died but it is his family who truly
suffered from it.

How could Rob Davidson not have understood that this deal was going to sink the ship?

Smart people told him prior to the signing of this toxic deal; that it was poison; and he did it anyway. He is solely to blame for the mess this company finds itself in. Quicksand that you can't get out of!!


Pura Vida!!

The "Deal" that sunk the ship.....

10 Million Dollars of Convertible Debt

No Money!! There would have been a negative cash balance had they not raised some VERY dilutive convertible funding right before the books were closed for the quarter.

Sales WAY DOWN quarter to quarter!! Almost approaching no sales!

DEFAULTED DEBT!! NO WAY TO RAISE MONEY.

CROWN JEWEL patents were sold to a Company that Rob Davidson is President of. (AWFUL CONFLICT OF INTEREST)!

They are clearly boxed into a corner with NO WAY OUT!!

PURA VIDA!!!

The company offers quality products promoted through familiar faces. There has to be an upside to this. At the current stock price, this looks like an interesting speculation.

Sadly must agree with Pura Vida. There is zero demand for what they sell--celebrity adjacent cosmetics and supplements are an over saturated market and I was never sure what effect NK could possibly have.. I couldn't honestly find a single positive comment anywhere that wasn't from an "insider" or friend of the company players. I noted a few years ago there were a few posts about people who developed abnormal blood work after using their "strips" so I grew very concerned about what that may bode as well.

10Q on time - but they are BROKE

https://www.sec.gov/ix?doc=/Archives/edgar/data/0001643301/000147793224004816/avrw_10q.htm
https://www.sec.gov/edgar/browse/?CIK=0001643301

OUCH
As of June 30, 2024, the Company had $19 thousand of cash on hand, had an accumulated deficit of $126.0 million and a working capital deficit of $12.7 million. Our operating activities consume a portion of our cash resources. We anticipate that we will continue to incur operating losses and negative cash flows from operations as we execute our strategic and business development initiatives. These conditions raise substantial doubt about the Company’s ability to continue as a going concern. The Company may need to complete additional equity or debt financings to fully execute its business plans and strategies.

Looking closer to BANKRUPTCY than ever without a MIRACLE.

Yes sir, it is GRIM. Hard to believe
the ship has not gone below the surface with as much water
as it has taken on thus far. Just a matter of time until there won't be
any more funds available from the LOAN SHARK.

I still believe BANKRUPTCY is inevitable here without some sort of MIRACLE.