AAIR(E) SEC Filings?

Well, that's a fairly bleak outlook on life.



Emphasis mine. Sounds like they need lots of money and don't know whether or not they can get it. $8M loss on $34M revenue. And they can stop blaming the owners for not paying management fees, as their income from management fees was only $232 less this quarter than it was the same quarter last year.

What's everyone else's takeaway from this?

Anyone booking any trips for next week?

AVANTAIR, INC: 8-K, Sub-Doc 1, Page 1
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549






FORM 8-K






CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(D)

OF THE SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported): June 26, 2013






AVANTAIR, INC.

(Exact Name of Registrant as Specified in Its Charter)






Delaware

(State or Other Jurisdiction of Incorporation)




000-51115 20-1635240

(Commission

File Number)

(IRS Employer

Identification No.)





4311 General Howard Drive, Clearwater, Florida 33762
(Address of Principal Executive Offices) (Zip Code)

(727) 539-0071

(Registrant’s Telephone Number, Including Area Code)



(Former Name or Former Address, if Changed Since Last Report)






Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):



¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)



¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)



¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))



¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))









--------------------------------------------------------------------------------

Item 8.01 Other Events.

On June 26, 2013, Avantair, Inc. (the “Company”) commenced employee furloughs as the Company addresses liquidity issues and seeks alternative financing arrangements that it hopes will enable it to resume operations as quickly and efficiently as possible. In addition, on June 24, 2013 the Company received notice of service of a class action lawsuit filed by Heisman Square, L.L.C. in Oklahoma County District Court, Oklahoma.

On June 13, 2013, the Company also entered into a Forbearance Agreement with Midsouth Services, Inc. and Clear Aircraft, Inc. (“Lessor”) related to past due lease payments for certain core fleet aircraft leased to the Company by the Lessor. On June 18, 2013 and June 25, 2013, the Company was notified by the Lessor that it was in breach of the terms of the Forbearance Agreement and the Lessor has been exercising and will continue to exercise all rights and remedies available under the Forbearance Agreement and applicable law, including taking possession of its leased aircraft and aircraft engines.

The information furnished in this section of this Current Report on Form 8-K shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such filing.



--------------------------------------------------------------------------------

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.




AVANTAIR, INC.

Date: June 26, 2013 By:
/s/ Bret A. Holmes

Bret A. Holmes
Chief Financial Officer
(Authorized Officer and Principal Financial Officer)



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Market Data powered by QuoteMedia, www.quotemedia.com, SEC filings by Morningstar.

How is it, with all the public information available that there still hasn't been any SEC filings regarding the repos and executive walk-outs? And like defying gravity, the stock continues to trade. All be it at $.02, but just amazing. Who is buying this junk?

Summary of SEC Fair Disclosure (FD) rule below. I can't see how the SEC hasn't suspended traiding on AAIR? Lets start with the not so public, but very public, NewCo plan floated. I would like to know if all this failure to disclose opens the executives and BOD to be personally held liable by the stock holders.

"...As a result of the adoption of Regulation FD, all conversations, conference calls and other communications with analysts and investors by any senior officer, director, investor relations officer or other employee who regularly communicates with analysts or investors must be carefully considered to avoid disclosing material nonpublic information to them. If you do disclose material nonpublic information to analysts or investors who are not restricted from acting on such information, Regulation FD requires that you publicly disclose the information by filing a Form 8-K or otherwise ensuring that the information is widely disseminated immediately."

It's official. 8K filed today announced Haslett's resignation, effective July 10th.

It only took 7 days to get that filed. Dont be in any hurry for BK. Santoes is proving to be incapable. Sorry to restate the obvious. It must be really sad for him. His baby, avantair, is dead. His 543,000 salary is gone. Soon all the trappings of a royal lifestyle will be gone All gone Nobody likes him any more, except the feds. They like him for a variety of issues.

We know you read this SS. Do the right thing, the only thing, and file BK. if you need help, competent counsel, that can be arranged. The crimes will not evaporate. Face that in due time. Even the pariah bernie madoff made a full disclosure within days of that collapse. He lives fairly well at Butner. If you take the fall, Allison may be able to stay outside and see to raising Marielle. And feeding Coco. But make sure mckamey goes with you.

By filing now you will begin to mitigate the damage to the owners. A BK judge could delay the auction of aircraft in NJ, and further damage to those owners.

When you look in the mirror tonight, decide to accept responsibilty for this mess. You can not blame it on the FAA, or the whistleblower, or the pilots. You ran the titantic into an iceberg.

Good luck. We're all counting on you.