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It certainly doesn't shock me. I actually estimated exactly that earlier today.
ATP Group 10-Q/Q1 Analysis
As of May 16, 2014, there were 4,584,705,385 shares of the issuer’s $.00001 par value common stock issued and outstanding.
Accounts receivable, net: $1,547,790
Property, plant and equipment, net: $7,473,986
Total Assets: $14,730,470
Debt, current portion: $2,036,500
Debt, long-term portion: $23,989,753
Total liabilities: $31,962,483
Revenues: $448,423
Gross profit: $182,502
Net loss: $1,170,858
Cash Flow
Debt,borrowings: $1,436,228
Cash and cash equivalents, end of period: $169,770
2014 Outlook
As we move deeper into 2014, the Company’s outlook is positive, and management feels confident that the Company is on track to deliver on several key objectives by the close of the year.
Intellectual Property / Technology
APT holds 26 patents, and trademarks within the US and overseas, focused on fuel systems and design patents for our products, including patents for our SmartCarb® fuel delivery system and our zero oil consumption, ultra low emission 2-stroke engine design (Sonic Flow Induction). We also hold various design and utility patents and trademarks on the MotoVox® line.
Revenues and Gross Profit
Revenues and Gross Profit have decreased during the three months ended March 31, 2014 compared to March 31, 2013, due to our inability to timely secure adequate production capital in the latter half of 2013. Accordingly, we were unable to accept all of the orders received.
Legal Proceedings
Legal issues in the course of routine business
-Northern Group Inc. vs. APT Powersport and Utility Products, LLC, filed June 26, 2013 in Brown County, Wisconsin. Suit for commissions payable. The Company disagrees with the amount claimed in the petition and the venue. The Company has retained counsel to represent the firm in the action.
-Olen Rice vs. APT Powersport and Utility Products, LLC and American Performance Technologies, LLC filed June 26, 2013 in Brown County, Wisconsin. Suit for commissions payable. The Company disagrees with the amount claimed in the petition and the venue. The Company has retained counsel to represent the firm in the action .
-John and Jennifer Kirse vs. American Performance Technologies, LLC, filed October 22, 2013 in Jackson County, Missouri. Suit on a promissory note. The parties are working together to resolve the claim. The Company has retained counsel to represent the firm in the action .
Other Legal issues
-APT Powersport and Utility Products, LLC, American Performance Technologies, LLC. vs. Olen Rice, Robert A. Rice, Sr., Jon Umsted, Northern Group, Inc., Marketing Operations Advisors, Inc., Scott Holmes, and Kart Mart, filed November 18, 2013 in Jackson County, Missouri. The Company alleges that certain parties have infringed upon and have utilized trade secrets, confidential information and intellectual property of the company. Legal proceedings are ongoing .
Everything above is what I feel matters out of the 10-Q. Everything has come directly from it.
There are also about a page of convertible notes that have already been executed.
There are also some newly issued convertible notes as well.
With the O/S approaching 5 billion .000s may around the next corner. Even with the ~4.5 billion O/S and ~1.3b to 2 Billion float FROZ is struggling in the low .00s. When all these restricted shares and hundreds of thousands in toxic debt hit the market(which would max out the float) ATP better be ready or it'll be another blood bath.
2.5m BIDDING
Big hits.
Buys coming in
Looking or a red to green move $FRTD
Could bounce huge here.
FRTD breaking .03 today
FRTD buyers coming in!!!
HRRN .0004x.0005 Low Float/On watch.
PTAH float around 500M. Still not bad imo.
As of June 30, 2013 the company had 903,452,210 common shares
Issued and Outstanding including 392,302,000 Rule 144 Restricted shares.
They made more revenue in Q1 than their market cap would be when maxed out, lol.
Q1 Revenue is 400% more than the current market cap with the O/S at 900m. And that's just Q1.
COUV Low floating lotto. On watch.
Watch for the pullback
FRTD @ .12 might just be a drop in the bucket compared to what the buyer has on tap. When a large company wants something they'll pay hand over foot to get it.
Getting thinner here.
HRRN .0004 Looking thin.
There is defiantly much potential here, I agree.
As of May 15, 2014 the issuer had 1,097,009,986 shares of its common stock issued and outstanding.
I didn't think it would be this high... That's kind of unfortunate.
I have literally never seen this much activity on this board. Weeee!
Might see a breakout here
Nice! Never thought I'd see it lol.
Next Runner NYBD Look -> http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101662846
Not to mention the O/S is around 4-500m. That's a market cap of only $300k.
MC is calculated by the O/S.
NYBD #38 on The Most Read leader board.
Maybe I'm a really good swimmer.
It was all retail today. There is no actual shot position, in any trips.
This is the best one. Get ready!
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101662846
Thinning! Ask falling and whacking to .0005. They might make this TOO easy!.
NYBD look at this. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101662846
Could have a BBDA type run. .000's to .02+. Very similar situation.
He's right, though. People are a little too caught up in the moment to see the big picture here.
Ask thinning.
Just as I thought.
NYBD look at this. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101662846
Could have a BBDA type run. .000's to .02+. Very similar situation.
NYBD look at this. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=101662846
Could have a BBDA type run. .000's to .02+. Very similar situation.
Ask could fall quickly here, just like the previous.