AvWorks Aviation Corp. (OTCMKTS:SPLI) On The Rise

Ever since AvWorks Aviation Corp. (OTCMKTS:SPLI), a.k.a. Vapor Group Inc., attracted the attention of the media by joining the marijuana rush, it has been climbing the charts relentlessly. Friday’s ascent took it to a new high of $0.355.

News of SPLI‘s strategic partnership with Tranzbyte Corp. (OTCMKTS:ERBB) and the announcement that it will be in on the much anticipated America Green ™ project certainly helped SPLI achieve its current high.

The company’s market standing suffered a minor set-back a couple of sessions ago, when SPLI declared that the reverse-split of common stock that had been planned for some time now was being canceled. However, investor enthusiasm about the company’s product being supplied through ERBB‘s ZaZZZ system seems to have won out for now. Presently, company stock is on the steady rise again. But is such enthusiasm and support from investors really warranted?

Ultimately it’s up to the buyer to decide if it is wise to gamble on SPLI stock. The company’s latest 10-Q, covering the period ended Sept 30, 2013 had this to say on the matter:

  • Cash – MINUS $442
  • Total assets – $6 thousand
  • Total Liabilities – $286 thousand
  • NO REVENUES
  • Net loss – $21 thousand

It should be duly noted that the numbers given the report are NOT in thousands. The company actually declared that it had minus four hundred forty two dollars at its disposal at the end of September 2013. This statement, combined with the fact that it doesn’t have any revenues and its assets are laughable, should be enough of an indicator about its present financial standing and current commercial potential.

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