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Agreed Apt called the offer "Very attractive".
I have a letter out to the cerner investor relations contact to see if the complete terms of the bannister mall site purchase are available.
There's your non revenue producing assets for sale.
Sad but true. Nowhere to go but up here though. Really looking forward to Q3 10-Q. That's Showtime in my opinion.
Did anyone notice the phrasing on this? "Yet another..." Sounds like they have been to a few technological conferences to show the sonic flow off.
"This is yet another invitation and engagement directed at APT from expert and leading organizations that are seeking ICE technologies such as the SF CSI engine."
Nasa just got a 435M increase in their budget.
Do you know what the difference in content is for pre vs def
I said they were. I said now that they are likely done doing that we have a better chance at a steady rise as there is less selling pressure.
That was for his chunk of common shares. He still had preferreds remaining which he put into his Red Bowl Living Trust in a subsequent filing. The articles I have seen suggest that there is no reason to put shares into a trust unless you plan to hold them until your death to pass on to your kids. Therefore it is possible that we do not see the remaining shares hitting the market anytime soon.
Schissler may be hanging onto his remaining stock through Red Bowl.
I read this on a website about living trusts:
If you don't expect to own an item of property at your death, there's no compelling reason to transfer it to your living trust. Remember, the probate process you want to avoid doesn't happen until after your death. On the other hand, if you're buying property, it's usually not much more trouble to acquire and own it in the name of the trust.
http://www.nolo.com/legal-encyclopedia/free-books/avoid-probate-book/chapter7-7.html
That is as of 05/14 the form filed on 05/16 shows 250M+. He transferred them from his name to the Trust's on that date.
I believe this to be the case also because there would be no reason to require them to file the same form twice. It will be a similar structure but with much more detailed information. The example DEF 14C I showed had 42 pages vs our 15 pages in the Pre 14C.
Incorrect, Schissler still holds his 250M+ through Red Bowl as of May 16.
I do not believe this to be the case. I think that the DEF 14C contains much more definitive information. I am not 100% certain though perhaps someone else can confirm.
The DEF 14C has much more information I believe.
Here is an example DEF 14 C
http://www.sec.gov/Archives/edgar/data/1388319/000114544313000041/d30065.htm
Yup that was my point. I feel that they were the ones jumping in front of IR and truly driving the price down in their rush to get out. If they are completely gone we should see some serious relief as I would expect IR to sell much fewer shares per day than those two.
I still think we have a long way to go on IR but I don't think they want to hijack the PPS. Schissler and Irwin were dumping shares as fast as they could based on the recent filings. Once we get it down to just IR I think we will see a steady climb. Think about if you were paying two credit card bills at once and you finally got rid of one. Your bank account would start fill up slowly and before really picking up once both of them were gone.
That's what I'm expecting to see at least.
14-C expected out EOD. My personal opinion is that Irwin and Schissler are close to being done selling. Personally I think that they were the ETRF MM dumping that was holding us up the past month jumping ahead of the V Twins on the ask. I think Iron Ridge only want to sell 5M to 10M or so per day and that all we need is some increased demand to easily support that level of selling.
Just my hunches.
All I mentioned was that they have Zaeta photos and other interesting tidbits on there that are relevant to the company and it's activities. I hope everyone is acting with civility but I find many of Corey Dyess' posts very informative and I appreciate when people share them on here. Thought that perhaps other employees are posting equally interesting info. As you mention everything is publicly searchable things these people are choosing to post to the internet. Just wanted to share the info but I understand where you're coming from. Just the way the world is these days though.
Some Facebook links
Here are some more APT employees facebooks. Justin Harvey has some Zaeta pics up. He also posted some tags on Zaeta people being in the office in January.
https://www.facebook.com/twostroke.smoke.35
https://www.facebook.com/justinhapt
https://www.facebook.com/ElizHarv?fref=pb&hc_location=profile_browser
https://www.facebook.com/kiever.dyess?fref=pb&hc_location=profile_browser
Thanks, always figured it was just arbitrary. Also just believe that the t-trades are because with so few MM's they just can't handle the volume on the big days.
Thanks posted some info on parajet. Would love to do that sometime.
Parajet-Polini looks awesome! What if we were making SmartCarbs for flying cars soon?!
http://www.fly-skyrunner.com/
http://www.parajet.com/special-projects/cat/skycar/
http://www.parajet.com/
Can you link please. Thanks for the DD.
More info about the SmartCarb.
--- Quote from: Jeram on November 13, 2012, 12:53:47 PM ---
--- Quote from: Corey on November 13, 2012, 01:45:41 AM ---
--- Quote from: Jeram on November 11, 2012, 06:49:30 PM ---So your agreeing that it wont do anything to curb emissions?
Id imagine that by controlling the pulse timing of transfer port EFI that you could inject reduce emmisions by injecting after BDC, thus avoiding the majority of it from flying out the exhaust.
-Poster
It absolutely does a great job of reducing emissions, just not to the level of DFI. All our riders state there is no visible smoke and no spooge coming out the exhaust. The amount of emissions reductions depends on the general health of the engine and oil mix proportions. Stay tuned, there will be comparison testings done (TCI being one) and will be published in magazines next year.
- Corey
Surely you already have the data to back up the emissions and hp claims, otherwise you wouldnt be making the claims correct?
So my only question is, why havn't we yet seen any of the raw data to back up the claims?
eg: dynographs, emmissions, fuel consumption results
Id be keen to see them, if your carb can do absolutely everything you say it can then I wouldn't rule out buying two 36mm cast versions for my 421 cub next year.
Sure independent testing is even better, but show us what you've got so far from your own tests!
As an engineer, I get heckled daily by salesmen trying to tell me why there product is far superior to product X, Y and Z. Its my job to sort through the sales pitches and get to the real facts.
So excuse my criticisms, but I'm a non-believer until I see cold hard indisputable evidence.
-Poster
So you're heckling me right? Go read the gasgas and KTM forums, where we have posted dyno charts. Most people won't believe in house data and will say it was slanted to make us look good anyway. Wait for the magazine 3rd party tests. One of the posters here is doing some of the testing of there own volition, we didn't ask them, they asked us. (TCI). Read the forum.
We'll also be doing cert work for Zaeta, GasGas and several others soon and the reason I'm not posting due to confidentiality. However, we have already certified a SmartCarb in the US on four strokes without a catalyst, and if I was in the states and had access to my files I would post the recognized emissions labs data (Harrison-Wolfe, Fountain Valley Calif). Showing where we are 80% under EPA and ARB regs for a class B motorcycle and received a Class I rating
-Corey
This was written by Corey Dyess in November 2012.
The question posed to him:
Just thinking about the price points. The billet carb seems 'pricey', but the "MotoTassinari Air4orce" air tube/box is $300, a wheelset hits 1,000, a 4stroke exhaust-all over the place. There is such a broad spectrum of rider use enhancements from the SmartCarb, it's easily worth the money in my opinion. The die cast units will be an absolute 'steal'. I know I'm preaching a bit here, and I'm a nobody in a big world, but hey, I'm a very satisfied customer!
Question to Corey: What about the 4-stroke world? I have a few of those, too.
His Answer:
Frankly we have spent more time developing the SmartCarb for 4 stroke applications than 2 strokes. So, YES, we are developing a 39mm-44mm side pull w/throttle position sensor design in conjunction with the die cast 2 stroke carburetors we are preparing to release this spring. They will be die cast as well and likely we won't ever release any billet versions of these, as they simply would be too expensive.
A Keihin FCR style 4 stroke replacement carburetor is much more expensive to develop and build than the PWK replacement carburetor we released this fall. So they will have to fall in line sometime a little later, but they are coming, mostly to satisfy the 4 stroke off road market, but we will have V-Twin applications too.
We also have 18-20mm 4 stroke carburetors for the Asian industrial motorcycle and scooter markets and have already achieved EPA/ARB certification with a GY6 scooter based SmartCarb in the US, without the need of a catalytic converter.
Market wise there are many more 4 strokes than 2 strokes and is most likely the market we can achieve emissions certification in, so it's a big deal for us. We will begin certification validation testing for Zaeta and TM's 530 4 stroke after the first of the year and it's very likely it will certify for North America. If that truly happens then we will literally be overrun by manufacturers who are tired of playing the throttle stop, lean pop, unsatisfactory A/F settings game they are playing now to sell in the US and North American markets. EURO III, well that's a different animal and may require a lightly loaded CAT to meet certification, but it is certainly doable.
The SmartCarb for 2 strokes, combined with other technologies might meet emissions regs in the US at some point and hold off DFI for awhile. But for now the SmartCarb alone can provide upwards of 50% emissions reductions in premix applications, though far short of meeting EPA street legal certification.
Corey
I have a post about this a few posts back, check my history.
Thanks for the PM's guys.
A product being entirely American Made is a good thing for most American consumers. They see that something is made in the US and they want to support local business so they buy it. My intent was to point out that this is an American made product to highlight the attractiveness of the product to consumers.
If you read my post history I think you would get a pretty good idea of what my stance on APT is.
Not sure what the personal attack is for I was just pointing out that the company's SVP has stated that the smartcarb is made entirely in the US. I am a professional economist and understand perfectly well the advantages of outsourcing. This board has become a joke.
SmartCarb American Made.
For those who wondered, Corey Dyess' Facebook page confirms that the SmartCarb is American made. This is not one of the production elements that is outsourced to China. FWIW.
I was implying that reputable lenders had already given them a great deal of money. They had just reached their limit. I have shopped for business loans and it is difficult to get any money without direct collateral. They were likely already leveraged out.
No reasonable lender would touch them but they had 30M in loan debt? How does that make sense?
Yeah I spent a lot of time on some decent dd this weekend and it's just swallowed up by the same IR and whining nonsense. Makes me not want to post anymore.
This article shows only one motorcycle over 100mpg as of 2013 and it's actually a scooter. Everything else is 90 or below. We shall be the best mpg out there in a world obsessed with it.
http://gas2.org/2013/04/27/13-high-mpg-my2013-motorcycles-you-can-buy/
Well the 7M they received in new market tax credits might be different. Here's what I found.
Claiming Credits
The credit equals 39% of the invested amount, but investors may claim only a portion of that amount over seven years. An investor may claim 3% in each of the first three years and 6% in each of the remaining four years. The investor may claim the credits even if the business defaults on the CDE's loan or files for bankruptcy (Government Accounting Office (GAO), New Markets Credit, January 2007).
Investors may carry unused credits backward for one year or forward for 20 years. But CDFI does not reimburse investors for credits that exceed their total tax bill. The investor can sell the investment and the value of the remaining credits to another investor.
http://www.cga.ct.gov/2007/rpt/2007-R-0266.htm
Did anyone else ever get the remaining documents that Dianne said she did not?
https://www.lasuperiorcourt.org/onlineservices/civilIndex/
Info on Lockbox
We have heard the word an awful lot from the company and posters here. I went in and pulled out the stipulations on the lockbox from the legal docs Dianne posted. Just wanted you guys to see how bad it was. It's some dense reading but to summarize it says every dime the company receives must go into a lockbox under the control of the creditor. 15% of every dime put into the lockbox automatically goes to the creditor toward any money outstanding on the loan. They must also hold in the lockbox a reserve amount equal to 20% of the outstanding loan at all times (I guess that's why APT had roughly 450k in Q1 since they had a 2.4M loan). Bottom line is just as they said APT was not in control of their cash flow. This creditor had them in a very difficult situation.
After seeing the terms of this deal and the IR deal I think that the replacement of the CFO is the best thing the company could have done. Most people will ignore the eventual appointment of the next CFO or not place much importance on it but I will be watching that one carefully. The right person can really help this company with so much potential out.