This is starting to remind me of a typical OTC:bb,, you know,, the kind that call their utility companies "strategic partners",, take credit where credit isn't due,, if all AVCO is doing is offering another service provided by ANOTHER company,, while releasing news that 'suggests' ADSL technology is owned by the company.......people are being misled here. IMO am I missing something here????
AVCO HALTED!! Avtel halted after stock soars
WASHINGTON, Nov 12 (Reuters) - Nasdaq said it halted trading in Avtel Communications Inc. at 1740 EST (2240 GMT), seeking additional information from the company after its stock price soared $28.75 to close at $31 on Thursday .
The sharp rise in the price of the stock was propelled by the introduction of the company's new high-speed Internet modem, which the company claims is 50 times faster than conventional modems.
The stock exchange said trading will remain halted until Avtel Communications has fully satisfied Nasdaq's request for additional information.
Avtel said its new modem works on an existing telephone line and allows users to send and receive voice and data simultaneously. |
