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I will agree that the tax liability is not aapt's, but it you read the contracts, it is obvious that that guess is far from reality as usual. If Olsen is out, AAPT is moving out. Since the Pawtizer inventory is 80% to its expiration date! AAPT will leave it behind just like Pawtizer. Olson will probably have a claim against AAPT which they will win and AAPT will ignore, like the others.
The IRS will not settle with AAPT in the future! because AAPT clearly crossed the line between tax avoidance and tax evasion. The IRS will not be giving hem any type of brake. The compromise plan was submitted over a year ago and the company has not made any statement regarding progress in the discussions with the IRS. The only thing they did say was the penalties could be doubled. I expect the 100% penalty will be imposed and then all the shareholders will understand why I think the management of AAPT is the problem, not the solution.
Free dinner at Whizgrill after the dividend is announced at the shareholder meeting
Wrong. If Olson is kicked out! Shawnee will rent the entire 33,000 square feet to a tenant that can prove that they have the wherewithal to pay the rent. Group thinkers portray every problem as an opportunity to better AAPT, but unfortunately, the City of Shawnee will require its tenant to have financial statements without going concern limitations and an officer that could give a personal guaranty that meant something. AAPT will not qualify in the future.
Another shell to hide cash from the IRS. Joel is the manager because he has an uncanny ability to work for free and like it.
Giving away free samples to resellers is a bad policy. Those people should have to pay for the product like other customers. If AAPT management continues to give away product in the future, they are sure to have another negative gross profit in the future.
Clarifying your analogy. Aapt's past is a world class marathoner with 2 miles to go. Aapt's future is an overweight 68 year old with foot blisters and a torn achilies carrying an anvil with 20 more miles to go. Who will get to the finish line sooner indeed.
The reason for future late financials is the real question. Why would a healthy, solvent, cash strong company with a full time CPA as director of finance ever have a late financial? If the financials are late, we should expect the chorus of "the lateness does not matter because it was in the past" and the reason for the lateness is unimportant, because it was in the past.
Has anyone ever noticed that the same persons that blame the former controller for everything from the Kennedy assassination to the Lindbergh baby kidnapping are the same persons that say the past does not matter? Everything done or not done was in the past, so it should not be discussed here per their "future only " rule.
Chewies sample were made over a year ago, in the future, AAPT will be shipping those old moldy items just like they did with the Barz in the past.
I hate working on weekends, but if the owner (debtor in possession) of the facility goes bankrupt or cannot afford to pay the utilities or maintenance of the building, there will surely be an impact on AAPT, in the future.. Those that think the adverse impact on Olsen, will be a windfall for AAPT in the future, probably do not have much business experience in the past.
Any proof of production ramping up? Any proof of more products on the shelves?
In the future, the tax problems of the landlord could impact AAPT because the tax problems might mean that the landlord is having severe financial problems. If true, in the future, the landlord could face foreclosure and AAPT might be forced to move out. In the future, some may say that AAPT will take over the entire building, but that may not be permitted by the mortgage holder, because AAPT has poor financial statements, a going concern qualification from its auditors, or an inability to prove that it could pay the rent in the future. In the future, the tax authority may exercise its enforcement right in a manner that affects AAPT in the future. For example, the property tax people can lien on the buildings boiler, HVAC equipment, and various other fixtures that could make aapt's use of the facility less efficient. In the future, it will be hard to find a reason that this tax lien on the landlord will be any type of positive for AAPT.
If there is a problem for the landlord in the future, I will guarantee that AAPT managements past will prevent AAPT from turning the situation into a positive.
The new tax lien will be ignored like all the others. Not much is changed bless I am missing something. Please explain why this is significant.
A former Rams QB was a major private equity investor. I saw this person speak at an investment conference. I remember him talking about how important management integrity was in his firms investment criteria. Imagine this private equity firm looking at AAPT's balance sheet and seeing the giant payroll tax liability, unpaid judgements, past due vendors bills, labor claims and management bonuses, coupled with the lack of oversight. How can anyone say that a sophisticated private equity investor would invest with AAPTs current management team no matter how good their products were. The people that want to avoid discussion of the past obviously want to ignore the blatant reality hat AAPT management has no integrity whatsoever, and they did not properly serve the interests of their shareholders.
Thanks for the complement Mom.
No annual shareholder meetings, no investor conference calls, no way to get management to return your calls or answer an email. With those facts, how else could I be an agent of change. By the way, stock trading started in the late 1700's. Message boards became known in the late 1980's and did not become widely used until the mid 1990's. How did investors invest and companies exist during that first 200 year period?
My due diligence was biased by fraud and lies of management. I am not trying to prevent others from doing anything. I am trying to be an agent of positive change. Barry Lisa have pumped and dumped, fleeced and feast, and used and abused investors time and time again. In the PAST, products failed, they lived like kings, and investors got burned, time and time again. This is not going to happen again with new management in the future. This stock will skyrocket with new management. I agree that there is no way to diversify away systematic risk. In this case, Barry n Lisa are the cause of the problems, but never the solution. Additionally, going back to yesterday's sports analogies, how much do the cheers of fans in the seats influence the outcome of the game? In my experience, very very little. How much does the performance of the quarterback matter to the outcome of the game? Much much more. Our team has been dead last in the league for 8 years. It is time to change quarterbacks. it is not time to change fans.
Interesting. somebody puts out unrealistic pro-management propaganda multiple times a day and takes a contrary extremist position to every negative comment, IMO. The behavior is suspect because he/she has done this with other companies including scams and companies that went out of business. Some may find it informative, while others find it phony.
In regards to the rule about limiting commentary to the future only, when does the present become the past or the future? For example, right now, would it be ok to talk about 3q. 3q is clearly over, so it could be portrayed as being in the past. In your system, would the discovery of a mis stated financial statement from a prior year be discussed?
As investors, we must also be stock analysts, and all Wall Street stock analysts use actual data from the past to update and refine their estimated earnings in the future. That is no different here with AAPT. I also know first hand that one of the main things that Wall Street analysts look at is the quality and integrity of management. This is a critically important element that is totally being overlooked here at AAPT, IMO.
Focus on the cause, not the effect. The commentary did not cause money to be lost. Aapt managements past actions caused the money to be lost by the shares going down. The commentary is a result of the lost money already happening.
If we give management praise when things go well, we should give them criticism when things go bad.
Maybe AAPT should go into the sample providing business. Providing free samples is something they can do well.
I hear your message about repeating. On that note, is ok to repeat past customer lists, prior milestones, silly slogans about wheels, unrealizable price targets, and portrayals of SMART investor actions multiple times a day? In other words, is it OK in your opinion to repeat commentary that is favorable to your position but not ok to repeat commentary that is contrary?
Current 3Q forecasts.
LieRun $250 to $300K. (Updated from > 300k
Green McKnotty 130k
depope6 > 100k
Pitt bully. 42k with $54k in returns
Doesitmatter. < 20k
All data taken from prior posts.
I am also on record saying that the 10q will be late, and if late, march 2014 at the earliest.
Lierum believes the financials will be on time.
Now it's your turn to make your prediction about aapt's immediate future
No proof. Financials will be late. Numbers very bad. Products not selling to consumers, bonuses paid to management instead of product awareness campaigns.
$0.01
0, many
I do not think I can drive the price down
Maybe
No. never.
Yes.
There seems to be a swarm of folks looking to pump AAPT up just to sell them down.
Not funny
Now answer these questions since I answered yours.
Are you happy with the way this company has been run?
Are you pleased with the amount of cash that management has extracted for themselves over the years?
Do you think management might be using company funds for personal expenses that have not been disclosed?
Are you comfortable with a husband and wife being the entire BOD and management?
Do you think last years bonuses were a good use of company funds during startup?
Do you think management has issued misleading PRs?
Are sales growing much faster than dilution?
Does AAPT management have enough oversight?
Should any company package and sell mold contaminated product?
Should managers that do not pay their employees be respected?
Is it proper when companies withhold taxes and keep the money?
Do you think this is the end to the questions?
They won't ship because they're testing in store consumer purchases only.
Aapt's product reseller has again stepped outside his realm of authority and done damage to important business relationships. Even after having his authority limited, this reseller of products, almost messed up a key customer relationship while offending important investors. The reseller needs to be reigned in or put on a tighter leash.
Many PP investors were outright lied to so the dirty duo could live like sultans in their palace. I am not the only PP investor to say this. I understand and accept responsibility for my investment mistakes. I do not accept being defrauded and or swindled. Would being intentionally defrauded make you angry at the person who defrauded you? That is the difference. Why doesn't AAPT have the required annual shareholder meeting? Why do Barry and Lisa call you relentlessly when they want you to buy PP shares then stop taking your phone calls after you give them money? When you can answer these question, you might understand me.
I appreciate your professionalism in discussing this topic. I will always try to return the same level of respect that I was given.
Management has looted AAPT and exploited its shareholders. My solution to the problem is to replace them with honest business professionals who want to grow shareholder wealth not steal it. Going back to the sports analogy, I can be a fan of the winless Tampa bay bucks or Jacksonville Jags and still criticize the owners, coaches and players. Maybe they will hear me scream from the upper deck, maybe they won't. Maybe they will notice me wearing the team jersey and a paper bag over my head, who knows. This is a public company and not a sports franchise. I am a shareholder and shareholders actually have rights. Fans and even season ticket holders do not have the same rights. This company has not had shareholder meetings for several years, and has never put anything up for vote. It is being run by a husband and wife for the benefit of the husband and wife and without any oversight or system of checks and balances whatsoever. Do I have shares? Yes. Do I have my rights as a shareholder? No. If I cannot air my grievances at a shareholder meeting, where can I air them?
By the way, when people tell everyone to buy, check their motives, because they may be looking for someone to take the shares they are selling.
Curious, your well written post is informative and interesting, but we may differ on a few points. AAPT may go away, bankrupt or to prison. That future has not yet been determined, so anyone can have an opinion on that matter. I agree that AAPT is working against obstacles to get traction, but I encourage you to consider the sources and causes of those obstacles. Are new obstacles being created by the same sources? The debt could get paid with several million dollars of profit, but how much higher will the debt become before any profit is seen and how much more money needs to be thrown at these problems before we can get to a profit? how do we know that the mistake of not paying payroll taxes has caused more fines, penalties and scrutiny. How do we know that this amount of current debt is inhibiting the company's ability to function as a normal company? I understand your comment about repeating, but liken it to cheering for your favorite team. No matter how often or how loudly you cheer, the team will win or loose on its own doing. If you are a spectator at the other teams stadium, you will be outnumbered by the cheers for the home team. The good part about the market, is there are no home fields, and everyone gets to cheer as loudly as as often for any team they desire.
One of the buyers two days before the Albertsons announcement or an insider that knows the Q numbers
Woodmans is test marketing Barz in only one store in its chain of 15. The store will not ship product to customers wishing to purchase online. One of the reasons Woodman's will not ship is they want to know how many customers in their store isles will actually buy the product. Online sales will obviously skew the test results, and this retailer may not even be equipped to ship out products or take phone or call in orders. As of the first19 days of the test, Woodman's sold less than 12 Barz. In my opinion, more sales are needed for the test to be successful. While the acquisition of a new customer is merit worthy, even consignment customers, the actual performance of the product is not. I hope this clears up your questions about that email.
Must be hard to see a stock move from $0.006 to $0.003 = 50% and this besides all comments about the future of AAPT, financials coming on time and so on. Again, the thing about mathematics is the % needed to move a stock down a certain amount is much smaller than the percentage needed to move the stock up by the same amount. This makes the difference and the difference is right in front of you and easy to see.
Asking management is good for a laugh, but not helpful in making an informed investment decision. Aapt's management team does not tell the truth. They tell investors that everything is fine and products are selling well, when the forming machine is down and they can't ship. They say that 1400 walmarts are selling bars like Hotcakes, but $20k of sales would mean only 3 bars per store were sold in a quarter. They tell investors that they have orders to sell Barz to all 7,900 walgreens, but they don't. They tell investors that there products are in 500 giant eagle stores, but they were in less than 80 stores and they did not sell to consumers. Heck, they even said that bars would sell themselves, but nobody ever had any evidence that the Barz ever formed a marketing plan or began a sales effort. No one should believe anything this management says unless it is in a certified filing.
Aapt's future is as bright as the sun. It disappears and things get totally dark every day and if you stare at it too much you will get blinded by the light.
Confirmed my report from 10/18/13 with 100%. I went further to report that less than 1 box was sold in the moth of October as of the 18th. I appreciate your enhancement of my credibility and reputation for honest reporting . Thanks you for supporting me. Wheels indeed.
Please go ahead and confirm that Albertsons was a test order of only $12,000. :)
Lmao. Earning growing? Sales aren't growing. Earnings are further away than the planet Pluto. What if earnings never happen? What if sales are never significant. What if management continues to pay themselves and no one else. What if AAPT runs out of cash. What if AAPT dilutes to ten billion shares. These are the questions that should be asked because they are all more likely than what if earnings hit a million or two.
Ignore the advance from $0.002 to $0.006 because it happened in the past. It is critical that we only focus on the future.
Impressive insight and analysis Mr. Shur. Please fill us in on other observations.
The 3q sales number is so bad, B&l could not tell the PP holders. Besides, only good news gets released and bad news is hidden as long as inhumanly possible. You can bet that the True insiders got the Albertsons news and bought stock before the PR came out. There were 24 and 3 million shares traded in the 2 days prior to the PR. Those same insiders were selling the last 2 days. They have more shares to sell before the bad q is released, assuming it gets released.
Dip! Time to buy/steal shares on this dip. Buyers, it will go right back up. Wwwaaaaayyyyy up. Come on buyers. Look at the dip. Buy and hold until $10.00 per share since Nutrabars are in Walmarts. Look at the dip.
AAPT stock in distribution. Suspiciously, AAPT always declines in bulk and goes up in small amounts. You would also notice that the stock usually closes up with a very small trade at the end of the day and week. Many more people want out than in. They are tired of BS and all his B.S. The trading pattern noticed is real and it means distribution. It is very astute of you to notice.
There we go. DOWN, wwwwaaaaaayyy down. SMART investors sold a long time ago. This is just the beginning. I am not selling until negative ten dollars per share. Stop AAPT stop.