On October 11, 2023, George Christopoulos announced his acquisition of 2,000 Avante Corp. shares at $0.71 each, increasing his total ownership to 3,797,957 shares or 14.34%. Christopoulos plans to withhold votes for directors Daniel Argiros and Wade Burton and vote against ratifying Avante?s 10% rolling stock option plan.

George Christopoulos criticizes Avante's compensation practices, citing undisclosed long-term incentives and the invalidity of the 2022 stock option plan ratification. The lack of timely disclosure of stock-based compensation details and its impact on Avante?s share price are central concerns. George Christopoulos stressed the need for proper disclosure of material information and compliance with the company policies.