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[Lone Wolf]

Passionate Pet DD Post

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Note: Gotta start by saying, this one doesn't currently have liquidity. So it's not one to grab for a flip here. One day perhaps, but not now. Flippers be warned...lol

For the 'Low Float Lovers':
Share Structure:
AS: 90,000,000
OS: 19,565,104
Float: Unknown

For those who like a good growth story...connect the dots:
For Dot #1, click here
For Dot #2, click here
Dot #3 comes from the company's Aug. 19th Filing:

We are presently operating one retail store in Irvine, California which runs the Company’s operations and also provides retail premium pet food, supplies and service to the general public. Our retail store offers a combination of premium pet supplies, boarding, day camp, training, grooming, and spa services to our customers. The Company offers customers a full range of assorted pet related products at competitive prices. The Company is in the planning and build-out stages of opening an additional store in Mission Viejo, California with an anticipated grand opening in September or October of 2011.

and

We also entered into a lease on our new facility in development in Mission Viejo, California under a non-cancelable 10.5-year operating lease expiring June 30, 2021. The lease covering 25,000 square feet commences on February 1, 2011 and ends on June 30, 2021, with annual rents initially of $412,500 in monthly installments of $33,333, increasing by 12% every five years. The Company has the option and right to extend the original term of the lease for two periods of sixty months, commencing on expiration of the original term. Rents have been abated until September 1, 2011 while the location is being renovated to accommodate the planned operations. The Company is also obligated for related occupancy costs including property taxes, insurance and maintenance. The lease contains provisions for future rent increases, rent free periods, and periods in which rent payments were reduced (abated). The total amount of rental payments due over the lease term is being charged to rent expense according to the straight-line method over the term of the lease. The difference between rent expense recorded and the amount paid is credited or charged to “Deferred rent obligation,” in the accompanying Balance Sheets.

For the 9 Months Ending June 30th 2011:
Total assets increased from $707,922 to $1,272,260
Revenues increased from $498,642 to $791,397
Net Loss decreased from $2.49/ share to .06 / share during the period

Company Web-site: http://www.passionatepet.com/
Face Book Page: https://www.facebook.com/pages/Passionate-Pet-Superstore/369502822982