PURA VIDA
1 week ago
Avenir Wellness Name Change - ND, LLC
This company isn't even close to being an "officially traded company" anymore. It will probably become Nancy Duitch LLC after the bankruptcy and it can't be traded anymore. When a company can't issue more shares - or - even get a loan through a financial institution and has to depend upon the founder's credit card
...
Oh well - BANKRUPTCY or MIRACLE.
The Agreement provides for a secured loan facility of up to $250,000, of which the Company borrowed an initial amount of $39,000 (the “Initial Principal Amount”) on January 4, 2024. The Agreement provides for the ability of the Company to request additional loan amounts up to $211,000 (the “Future Advances”), inclusive of the outstanding balances of certain credit cards (the “Cards”) used exclusively by the Company of which are issued in the name of the Executive.
NANCY DUITCH, LLC
ProfitScout
2 weeks ago
More nice action on AVRW today with all trades on the high/ask prices.
Investors seeing this stock has lots for upside potential and accumulating.
Avenir Wellness Soluutions, Inc. (OTC: AVRW)
Recent Trades - All 7 today ...
Time ET Ex Price Change Volume
14:50:34 Q 0.04 0.008 10,000
13:48:13 Q 0.0399 0.0079 24,900
13:47:47 Q 0.03595 0.00395 100
13:42:00 Q 0.0398 0.0078 16,445
13:41:33 Q 0.0397 0.0077 8,455
13:41:32 Q 0.0397 0.0077 100
13:41:32 Q 0.0359 0.0039 100
PURA VIDA
2 weeks ago
You "FORGOT" this official news - DEBT
The company has so much debt, they can't get any credit, like a healthy
company does. This Line of Credit is probably gone by this point at approx.
$40K per month burn rate. A company being run off the CEO's credit card.
On January 4, 2024, Avenir Wellness Solutions, Inc. (the “Company”) and Nancy Duitch, the Chief Executive Officer of the Company (the “Executive”), entered into that certain Senior Secured Promissory Note and Security Agreement (the “Agreement”).
The Agreement provides for a secured loan facility of up to $250,000, of which the Company borrowed an initial amount of $39,000 (the “Initial Principal Amount”) on January 4, 2024. The Agreement provides for the ability of the Company to request additional loan amounts up to $211,000 (the “Future Advances”), inclusive of the outstanding balances of certain credit cards (the “Cards”) used exclusively by the Company of which are issued in the name of the Executive. The portion of the principal amount of the Agreement (the “Principal Amount”) comprised of the Initial Principal Amount and the Future Advances (and excluding the outstanding balances on the Cards), accrues interest at an annual rate of 12%, or 18% in the event of default. The Principal Amount plus all accrued and unpaid interest is due and payable in full on the sooner of: (i) the demand of the Holder; and (ii) March 31, 2024. The Company may prepay the Principal Amount, in whole or in part, without the prior written consent of the Executive and without penalty. The Company granted the Executive a security interest in all of the Company’s present and future personal property.
In the event of default, the Executive may, upon written notice to the Company, declare the Principal Amount, including any accrued interest, immediately due and payable in cash and in full. The following constitutes events of default: (i) the Company fails to pay when due any principal or interest payment on the due date, and such payment has not been made within ten (10) days of the Company’s receipt of the Executive’s written notice to the Company of such failure to pay; (ii) the Company materially breaches any other covenant contained in the Agreement and such failure continues for fifteen (15) days after the Company receives written notice of such material breach from the Executive; (iii) the Company voluntarily files for bankruptcy protection or makes a general assignment for the benefit of creditors; or (iv) the Company is the subject of an involuntary bankruptcy petition and such petition is not dismissed within sixty (60) days.
https://app.quotemedia.com/data/downloadFiling?webmasterId=102691&ref=317982190&type=HTML&symbol=AVRW&cdn=a1ea3d8a58c485a9a9312963fb53c353&companyName=Avenir+Wellness+Solutions+Inc&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2024-01-12
ProfitScout
2 weeks ago
$AVRW: Avenir Wellness Solutions has never been in a better position to capitalize on the high intrinsic value of our unique and proprietary skin care formulations. With 15 patents under our control, the highly positive reviews Seratopical DNA Complex is receiving, and more new products in development, 2024 is set up to be a growth year for the Company. We look forward to keeping our shareholders informed of our progress, developments and milestones as we move forward.
Sincerely,
Nancy Duitch, CEO
Feb. 13th News Link:
https://finance.yahoo.com/news/avenir-wellness-solutions-issues-2024-140000098.html