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Microcap & Penny Stocks : POKR - Casino Air - Real Gamble?
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To: blash who wrote (345)6/29/1998 1:27:00 PM
From: Rick Hudson  Read Replies (1) of 609
 
www.stockdetective.com has an interesting story on AVIA at
stockdetective.com

June 15, 1998
Aviation Industries Corp. (OTCBB: AVIA) is barely a year old and
already is branching into unfamiliar territory while increasing its stake in the treacherous off-brand airline industry. Investors who wanted to buy into ailing airlines formed the company. Their first target was Kiwi International, which recently emerged from bankruptcy
proceedings. Aviation Industries owns about 15 percent of Kiwi
through a convertible preferred security. Aviation Industries has an
even bigger stake - 60 percent - in Sun Jet International Airlines,
which now is in bankruptcy court. There are fewer than 10 million
shares of Aviation Industries stock outstanding, with about 20
percent in the float. If this stock sounds familiar, it may be because
it's been featured in the Future SuperStock, one of the Internet's
most notorious stock promoters. Another caution flag went up when
Stock Detective noted Aviation Industries is branching out into
biotechnology. In April, the company announced it was buying
CITAmericas, Inc., which owns the rights to a patented ultra-rapid
opiate detoxification process. Do they need this for Kiwi and Sun Jet
pilots? There's little explanation as to why a company focusing on
aviation would suddenly jump into the treacherous world of
pharmaceuticals.
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