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OK,$35K/month minimum. Add COGS, employees that will not work for free B&L's 1/2 salary (if they stick to that), shipping costs of product (if any), and vendors, we are easily looking at $100K per month to stay alive. That is a lot of $ for a company that did $20K in 2Q and probably a lot less in 3Q. It would take MILLIONS in advertising to get the sales up to the $100K per month range. Things do not look good, IMO.
Where's the unlimited German aqueduct of cash flow into the Company? Did it go dry?
Lets do a quick look at the monthly overhead:
Kansas rent $12K
LA rent 5K
Barry & Lisa's auto 2K
Barry & Lisa Insurance 2K
Key Man life policy with B&L as beneficiary (not AAPT) 2K
Employees (not paid) 0K
Attorney Fees (probably more) 5K
Outside CPA (not being done) 0K
Office Supplies 1K
Vendors 0K
Registrar and Transfer Agent Fees 2K
As long as AAPT can continue without paying vendors, employees and themselves, and not shipping products, the overhead is around $31K per month. Did I miss anything?
SMART investors UNLOADING slowly. PPS DOWNTRENDING soon. Remember, this may be the end. Wwwaaaaaayyyy down, like no bid down.
No accountant or employee wages = No 10Q filing. Do the math as Lisa says. Use a shaking calculator. Be blown away by less than $20K sales in 3Q
3Q will show 3 consecutive declines in quarterly sales and increasing quarterly losses. If the books were open, you would be correct that the biggest expense is management salaries. The 2 clowns took giant bonuses, and then put a moratorium on future bonuses. They are crooked through and through.
Relief rally from no 10q. Yes a relief rally based on the Q not getting released.
Thanks. I wonder if creditors will go after stock in AAPT that is in Barry and Lisa's names. Unlike the cars which could be hidden in star Queens or another shell, the AAPT stock is in their own names. A lot of the judgements AAPT disclosed included Barry and Lisa as individuals. The creditors would be smart to go after that instead of cash because Barry and Lisa can easily hide the cash.
Interesting
Assets frequently subject to execution include the debtor’s automobiles, stock in private companies, and valuable home possessions. Creditors are apt to direct the sheriff to levy upon automobiles which a debtor owns free and clear. Creditors do not typically levy upon automobiles subject to significant car loans and liens because the procedure is costly, and few people will pay significant money to buy a car subject to a lien.
B&L should realize that the way they stiff everyone in order to live live Sultans in their palace is the reason they have these problems. Just imagine that you are an AAPT employee, you do not get a regular paycheck, sometimes no pay for 2-3 months. You are asked to be part of the team and sacrifice for the future, but he leaders of the company are not making the same sacrifice for themselves. They pay themselves will you wait and take giant bonuses. Meanwhile, vendors are getting stiffed taxes are not being paid and the longer you go without pay, the more likely it becomes obvious that you will not get what you are owed. Look at all of the unpaid wages of the past and put yourself in the mind of an AAPT employee. I bet you would not want to work there.
How many unsuspecting volunteers does AAPT have in Kansas and L.A? If you do not know, how can the correct number of working employees be verified?
Unpaid wages. Workers left frustrated and broke. let's get a statement from management of how many employees AAPT has as of today.
The claim amount and Westbend lawsuit text would make for a great first sticky.
AAPT currently has ZERO manufacturing labor. You can't make bars with out bodies. How is that for knowledge. please don't try the just in time thing. there is an almost vacant warehouse in Kansas
It's bend and pray not hope and pray. Shareholders know what is coming next here at AAPT
Burning down? So fake info in the future is better than real info today.
Who is the author of that technical comment?
The best predictions are supported by logical reasons or defined assumptions. Predictions that are based on faith or unsupported and undefined evidence are always the worst. How will the IRS get their share. when will the IRS get their share, and what about the interest taxes and penalties. What about the crime of tax evasion?
Looks like a failure at a resistance point. Looks like a test of he lows are coming before a break of he triangle.
Time is not on AAPTs side. Time is on the side of the IRS.
Management incompetence moving the stock up. Maybe more late filings will power this higher.
Sales and profit don't matter, production is all that matters. Where did you study business?
Thank you King. Stock is up because management is responding to my negative posts. It is the exact same technique you used in 2012, with the difference being I was successful in the campaign to raise the price.
My postings have impact. I am the one that focused on managements excessive bonus and they are stopping that until after a profit, so they say. I know they already took bonuses before that announcement and the annual financial will show that, if it is ever released.
I can't think of anyone else that posted with such success.
The AAPL computer was Steve Wozniaks idea. That never meant that he could do whatever he wanted to shareholders and AAPL was never "his" company. Look how much better things were after he strapped aside as an executive.
Management is here to pocket cash only. The only other ride is some price point to zero. The investors in this company that are ok with managements behavior think that they an get out at a profit before the final collapse. Unfortunately, everyone cannot get out at the same time. If management really believed that this is a great opportunity, they should buy out all the outside shareholders and keep all that future profit to themselves. The fact that they do not, shows that they are only in this for cash today.
I am not sure where you see undervaluation. When I look all I see are debts and losses, and when I listen I only hear excuses.
More AAPT truth
Lmao. Look at the balance sheet and tell us what company would buy this POS. Then send a buyout proposal to that company. If approved, I guaranty "the owners" would give you a 5% commission on the sale. By the way,, who are the "owners" of AAPT? I thought it was the shareholders. Trying to educate the totally misinformed is a difficult process.
Investors funded the grid note and shares went to management? Lmao. Investors should fund the grid note and give the money to the unpaid employees and vendors.
Here is a news flash. The money that went into the grid note was extracted from the company by Barry and Lisa. They took bonuses then put the bonus money back into the grid. This should bother you because they diluted YOUR position without any cash of their own.
You can't do a PP at this price level with a non reporting company. No broker dealer in the U.S. Would deposit the shares. The Germans will have to feed cash to the sick AAPT puppy for quite a long time.
AAPT does much much less for employees. Walmart actually pays it's employees the agreed amount at the promised time. AAPT does not.
This is just the wrong place to talk about AAPT not paying their, employees, vendors, judgements or taxes. Those things are celebrated here because the mis informed think it is good for the AAPT cash position. Unfortunately, these misinformed individuals do not realize that any cash savings by not paying obligations winds up in Schwartz and Bershans pocket (until they spend it on themselves) and the cash position is not improved. The misinformed also think it makes the stock go up. However, all the money that could be saved by not paying obligations does not go into advertising or consumer awareness so it does nothing to help the investors or the stock price. I am starting to think that most AAPT investors suffer from the same lack of ethics as the management and therefore, not paying employees is just fine with them.
Germans won't feed sick AAPT puppy much longer.
Evidence of fewer Walmarts offering Nutrabars is mounting. Do not expect bars to be in Walmart much longer. Sales to consumers have been too disappointing for way too long.
Extended 10q filing period is 5 PM today. Sales figures should be released so investors can see that bars are not selling and Pawtizer already failed.
Without an accountant any simple task would be difficult. That Pawtizer inventory should be written down to zero, because it has already been determined to be non salable, expired or not. The expiration of the bars is 1 year after the sell by date, so there was a production run in August. Remember the "3 days of production to fill past and current demand".
5 pm today is the extended 10q filing date.
Could you imagine the phone call with the German investors telling them how litte sales were in 3q. Too funny.
Investors have the munchies for new management
Imagine the flack had $20k in sales been predicted. Now imagine the reaction if sales in 3Q are less than 2Q.
I bet the reseller dude was the Company's second largest customer every quarter this year, and I am including Woodmans.
What about june 2012 and every single one before that. Each was late.
No activity today because the only AAPT buyer remaining is frolicking in Vegas. We need his buying/bag holding power to keep this POS out of the triple zeros.
Williams had wrote his own letter from the desk about getting the 10k out in June. That disappeared. He even had his own section for his desk letters.
AWESOME