Apple Rush Company Inc (APRU)

[grantastic]

Let me get this story straight:

- Tony doesn't even know how many years back his financials are inaccurate (either it's 4, or it's 5)
- Despite the inaccurate financials, he filed them anyways for that 4-5 years
- Subsequently he decided that filing even INACCURATE financials was too bothersome, so he simply went dark for 3 years.
- 8 months ago Tony suddenly announced he was in "Final cleanup" (whatever that is supposed to mean) of the financials. Thus he implied: (1) 'starting' & 'middle' cleanups had already performed (2) this "final" cleanup had been ongoing for some unknown time already.
- Despite having literally ZERO revenue for those years, and annual expenses of less than $500k spread over only 4 categories, Tony claims the "reconciliations, etc." are so complex that it's impossible for a team of professional accountants to correct his falsely filed financials during the past 8+ months.

This tale is obviously b.s.

I am shocked that any literate person would even swallow it.

But pretending it were true, that just proves Tony is some combination of incredibly inept & indifferent to fulfilling his obligations to shareholders.

Of course the reality is: there's no financials released because they have contain terrible news.

it's easier to string shareholders along (and to keep selling convertible debt) when he can privately give hints & clues that imply there's sales happening and there's no dilution.

$APRU I spoke with Tony about the fins and he said they were cleaning up the last 7-8 years and that is what has taken the CPA so long, alot of reconciliation, etc. Last I heard they were about done, so could see them anytime. With the growth of business, should be a great month of December for us!