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I think a lot of people did not read carefully. here is what I read. Very clear the reduction in liabilities has not been shown yet. But the dilution has so people are getting a bad feeling. Just read carefully below!
The period reflected in the filing ended before the company announced that it had sold a majority of its interest in TTR-HP, Inc., which does business as Aero Exhaust, Inc., to Flo-Co, LLC. The sale of TTR-HP was undertaken, in large part, to eliminate a significant majority of Aero Performance Product’s liabilities as reflected in its consolidated financial results and to therefore allow Aero to move forward with its planned acquisition of Jones Exhaust Systems, Inc., one of the most respected specialty exhaust manufacturers in the United States. Details of the TTR-HP transaction are included in a Current Report on Form 8-K filed with the Securities and Exchange Commission.
The reduction in liabilities will be reflected in the first complete quarterly period after the sale of TTR-HP was completed, which is the period ended September 30, 2009.
I have to admit. surprised this is not moving more today. With the big news we had. maybe people to not understand what a big deal it is to not be in so much debt.
Well about to see what kind of effect that pr will have on the market. :) looking forward to this. Wish I had more funds to put into this now.
Can someone post the 8-K? I have not seen that yet. thanks.
Anyone who has been in this since FCCN like you and I knows the difference between a reverse merger and an Acquasition/Subsidiary.
I get on and read now and then. But for the last 11 months I have been very busy. Got married, and just had my first child a month ago. I have not had a lot of time to post. But saw the news and wanted to say something about it. People just cannot read well. It is sad that people who got on sites like this cannot read to the bottom of a PR or filing. Anyway good news and we should see a big spike tomorrow. MHO
You guys do not seem to see how this is going down. It is very clearly stated. Jones Exhaust is going to be an AERP "Subsidiary". Jones Exhaust is an acqusition. This is not a reverse merger, and the symble will not change to jones something. It will remain and AERP symble. JMHO Below it is stated clearly.
“We still strongly believe in Jones Exhaust, as well as its future potential as part of Aero Performance Products, and believe this will be a positive venture for the company and its shareholders. Jones Exhaust has a solid revenue base, and we believe that this acquisition will allow Aero to achieve a fair market valuation, without the toxic liabilities associate with TTR-HP. Our primary focus will continue to be the close of the Jones Exhaust acquisition and moving that company forward as an Aero subsidiary. We will also continue to evaluate additional acquisition opportunities that are presented to the company. "
And the everything floating around about going bankrupt. A whole lot of guess work going on. Of course there is some guess work going on about MM shorting and stuff too. :) But I hope you are right about that.
With this kind of news by tomorrow AERP will be a lot higher than number 13. This is huge news! looking forward to watching this stock take off tomorrow AM.
actually the combined sales are Projected to Approach 10 million. I was not a big fan of that wording. But they used the word approach.
one minute early on that prediction. I hope you are right for later in the day though.
you might be right about part of that. But on thing they are not taking into account. Is the loyal longs holding this. yes, a few people were willing to sell, but most of us longs are holding on for the long run. :)
They Put out a PR almost every week? This has been the LEAST PR'd Penny stock I have EVER seen.
I got it last time, I think you would still have a little competition.
Were there any other sponsors?
nice pick, I thought about going 7:45, but decided to give you more of a chance and go for 5 o'clock. GL
Tuesday 11-04-08 5:00PM
I guess what you are really saying is that you know more about this than the auditor who just spent a couple months looking over this. LOL nice one. It is ok, a lot of people do not understand filings, me included, but I think they auditors who looked over this for weeks do.
um, we have proof that they are up look at the PR's.
I am not saying right now, but before that was the case. Now I am not sure, I have not had the funds to buy for a while. I am trying to transfer 5,000 dollars over to buy more.
Or at least some one wants to look like they are willing to sell at that price. I have tried to buy shares on the ask before, and they will not sell them.
I bet there were over 1000 stocks last year that went down when they had increased earnings. Socks go up when they EXCEED expectations. If they are expected to have huge growth and just have good to moderate growth they still go down. And I have seen many many companies have that happen. It does not mean the company is bad. On the contrary, most of the time they are very good. Just not as good as people wanted. But most of the time people want the moon. And more if they can get it. I know because I am one of those people, that is why I did not sell when I was up 200% on this stock. I wanted more. But you should not make blanket statements stocks go up when there are increased sales. It is not accurate.
A long list of companies who filed a little late. I wonder if the sky is falling for all of those companies too.
http://www.otcbb.com/asp/dailylist_detail.asp?mkt_ctg=OTCBB&d=10/15/2008
I think this is in the auditors hands. They want to get this filed on time. I know this has got to be high priority. I hope it gets done soon.
Are we sure it was due today? Maybe it is 15 WORK days from when the filing was first due. NOT 15 days.
I have seen Javlin stocks. When they dump it is VERY clear. I have not seen dumping like that with the stock. BECAUSE they are not a JAVLIN stock. Do you read the PR's?
I would be surprised it 1% of all nascar fans do not know were there mufflers are made, and would not make that part of their research in buying one. They are looking for sound, speed, gas mileage, and customer satisfaction. As I see it AERO has all of those.
maybe it was just for August. That would be better since it was up 90% another month. So for the quarter should be more than 60%
I disagree. They are not stupid. They know that delaying the news would just make it worse. I think they want to make sure everything is right. So they filed an extension. I do not know what the hangup was, but I do not think it was because there is bad news. The made it clear already sales up 60% for the quarter.
Actually that is not true. You could have a 50% buy and 50% sell short. which is different than a sell. And MM's selling their shares, and dumping are not the same either. Really what you are saying is whether individuals or MM's are selling it is bad news. You cannot have it both ways my friend. One way has to be good.
They were not dumped, they were bought. Did you look at T&S???
My dad files the EXTENSION on his tax returns EVERY year. But he has never filed his taxes LATE, not even once. It is not LATE if you file an EXTENSION. That is what they did. The government allows you to file EXTENSIONS it is legal and useful at times.
What do you think of all these 5000 share trades? I like it. I have seen this happen before with GZFX before it went up a lot. I hope that happens here. Something is sure happening.
A whole lot of 5000 share trades. haha. playing some kind of game today.
It seems like this mostly applies to big companies, will these rules also apply to pink sheet or OTC stocks?
sweet post. :) good job putting shame where it is due.
This Risk assessment Is silly IMO. It is not an in depth study of the company to see the likely hood of their success. It goes purely but how many shares are traded a day, and what direction the PPS is going..... It does not mean anything and it never did. When it is low there is nothing to get excited about, and when it is high there is nothing to be worried about. Does anyone on the board think they actually study all of these pink sheet companies at all???? NO way. Just drop the whole risk assessment thing. I can do the same thing it is not rocket science.
Thanks for the message. I hope that you are right, I am looking forward to this doing something. I am strongly considering transferring money to America to add a lot more shares. In the millions. But I have not decided yet. I will see. GL everyone. I am just waiting on this. It is a VERY real company with a Very good product that people love. I'm a happy camper just waiting.
Who? I did not get the answer to the guess?
moving off the ask of .0011. looks like we might start moving up a little guys. :) About time.