I'll say it again. today's email from leslie makes sense
How I Know That RARS is
Not The Next APS Pick
I've been receiving a lot of kudos for pointing out the Awesome Penny Stocks fakeout on RARS and subscribers have been wondering how I knew that the stock was not the next APS pick. Well of course I won't know for sure, until they actually announce their next pick, but I took an educated guess by looking at their recent promotions for a clue.
Here's what I found: looking at APS's last several picks SNPK, NSRS, AMWI, MILV, POTG and HDSI, none had filed financials since the reverse takeover that created these new entities and prior to the APS promotion. In other words, it was impossible to discern what the assets of the company actually were, because all financials that had been filed were actually reflective of the shell from its previous life. Furthermore, the APS promotion always ends prior to the filing of new financials, which has always shown that the company is worthless and/or way over market capitalized, thanks to APS.
Looking at RARS, we have already seen a couple of financials filed on behalf of the company by President Manfred Ruf, and their can be no doubt that the company is penniless and has no intrinsic assets. Their is no way that APS could justify an extended promotion of RARS based on air, and no way to concoct a story while maintaining some sort of sense of credibility with those who still have not figured out that APS is in the business of selling the stocks of worthless companies. A promotion was not going to be successful beyond the initial frenzy created by the speculation of APS participation. That frenzy is easily created without a formal APS announcement. APS is certainly not going to be able to pump something that hadn't already been declared, without drawing the attention of the regulators and without creating doubt of their own credibility.
With the exception of SNPK, which has not yet filed financials since the promotion concluded, the financials of the other aforementioned APS promotions prove out the theory that APS always ends the promo just prior to the company needing to show the world that it is actually worthless. All of these companies had at one time boasted market caps of $100 - $750 million, thanks to APS, and yet in their latest financials, they identify assets which are poor in cash and mostly made up of arbitrarily valued properties of the company.
NSRS lists assets of $819K, $755K of which are mineral properties. AMWI lists assets of $596K, $550k of which they call intangible (i.e. invisible). MILV lists assets of $1.1 million, $988K of which are in formulas. POTG, which less than a year ago had a market cap of over $700 million, lists $635 in cash as its only asset. HDSI has $327K in cash as its only listed asset. And almost all of these companies have listed liabilities that more than cancel out any asset value that they have.
As you can see, none of these companies could have ever justified even 1% of their once heady market caps and that's why APS has to promote these companies before the initial financials come out, at which time they are proved to be essentially worthless.
SNPK, has offered window dressing to their prospective asset value by putting Clotamin on the shelves of famous retailers. What APS never talked about, but was evident in 8K filings, was that SNPK paid these retailers hundreds of thousands of dollars to put Clotamin on their shelves. Notice how of all the press releases issued trumpeting the availability of Clotamin, not one talks about the sale of a single bottle. For all we know, every single bottle of Clotamin shelved is still on that shelf. I suspect that the financials which are imminently due, will bear out the pattern of assets which pale the ridiculous market cap that this company once carried, and that sales figures will be embarrassing considering the big names retailers that Clotamin is supposedly found at.
And this is where we come to GTCP, which I have already predicted is the next APS promotion and if not the next one, certainly the one after that. It meets all the criteria of a major APS promotion in that financials have yet to be filed in its current incarnation, and it has the past APS promotion connection in Mackie Barch, who was/is involved with SNPK and HDSI. I think that APS connections probably own most of the GTCP stock. If you haven't already read my prognostication of GTCP, you may retrieve it by clicking here.
