Wavefan11
2 weeks ago
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.
Wavefan11
2 weeks ago
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?
Wavefan11
1 month ago
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.
PURA VIDA
1 month ago
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.
Wavefan11
1 month ago
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.
PURA VIDA
2 months ago
Potential Buyers of this stock READ THIS FIRST
This company is in major debt. So much so, that at the beginning of the year
they actually borrowed money from the CEO of the company's credit cards.
https://openfilings.com/filing?acc_num=0001477932-24-000136&cik=1643301&exhibit=https://www.sec.gov/Archives/edgar/data/1643301/000147793224000136/avrw_ex101.htm
Once they exhausted that route to keep the company afloat, they had to go to a LOAN SHARK company and take out a "CONVERTIBLE" bridge loan dispersed in tranches.
https://contracts.justia.com/companies/cure-pharmaceutical-holding-corp-5232/contract/1289240/
From the "BURN RATE" the company has - it won't be long until that money is depleted, ESPECIALLY
if they are paying back the money owed to the CEO on that probably now defaulted loan.
Look at the dollar amounts - then think to yourself - is this actually a "good" GAMBLE ???
I still say after watching this company go from CURE Pharmaceuticals, to Cure/Sera Labs
to now Avenir Wellness solutions - with major defaulted debt, unaccounted for PPP loans,
defaulted debt in litigation, not enough income to even keep the lights on, and probably the
final nail in the coffin is this 1800 Diagonal "convertible/dilutive" debt, that is, if they can even
sell shares with the very very low daily volume...- BIG TROUBLE. If they can't sell at market prices,
they will drop the price below a penny to recoup their loan money. I've seen it many times with
penny stocks.
BANKRUPTCY without a MIRACLE.
Wavefan11
3 months ago
With regard to NK, look in the broader media to find your answer. NK is famous, but not admired. She's successful, but not for greatness. Consumers are not going to rush to buy anything she claims she loves or uses. Mostly because they assume, probably rightly so, that she uses other interventions. In showbiz, who doesn't have a plastic surgeon or dermatologist on call? Plus she does not CONNECT with the public at all.
Wavefan11
3 months ago
OK, Profit Scout, if you are going to keep the pom poms going, then I have to ask. Can you tell me from where comes this "staggering 3 billion in revenue"? What "cutting edge marketing"? I'm curious now. Maybe I'm wrong, but in harder terms all I see are items of litigation, bankruptcy, FDA slaps, loads of customer consumer complaints, a failed novelty item with losses to investors, and a somewhat short term employment or association with a large marketing firm. Is this the source of the 3 billion you refer to? Because that would not be hers alone to claim....so what am I missing here? Continued high pay and benefits despite a failing company seem to be the theme here. Please enlighten. The internet is full of misinformation.
Trooperstocks
3 months ago
$AVRW Avenir Wellness Solutions, Inc. is a broad platform technology company that develops proprietary wellness, nutraceutical and topical delivery systems and currently holds fifteen patents. The technology offers a number of unique immediate- and controlled-release delivery vehicles designed to improve product efficacy, safety, and consumer experience for a wide range of active ingredients. The Company will continue down the path creating new innovative technologies as part of its incubator strategy in order to monetize its intellectual property. The Sera Labs, Inc. (“Sera Labs”), a wholly owned subsidiary of Avenir, is a trusted leader in the wellness and beauty sectors utilizing cutting edge technology and high-quality products that use science-backed, proprietary formulations. More than 25 products are sold under the brand names Seratopical™, Seratopical Revolution™ SeraLabs™, and Nutri-Strips™. The Company sells its products at affordable prices, making them easily accessible on a global scale and is strategically positioned to grow their beauty and wellness products into household brands. Sera Labs products are sold Direct to Consumer (DTC) via online website orders, including a subscribe and save option, as well as in major national drug, grocery chains, and mass retailers. For more information visit: Seralabshealth.com and follow Sera Labs on Facebook and Instagram at @seratopical, as well as on X (Twitter) at @sera_labs.