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This stock is DEAD! An hour into the trading session and not one share traded, did it even trade one share yesterday?
The word is out on Peaocock and Beyer, no one is going to touch anything these clowns are associated with in my opinion, everything they touch gets diluted and the stocks tank, what a scam.
Who here got left holding the bag?
4kids
"as i've said all along .. at this level ~ there is no more
transparency than a company that files .."
What? Have you made those "phone calls" & "Channel Checks" on the missing 8K? Where is that elusive little filing that ties up all of Aero's assets? Clearly Aero is violating SEC rules at this juncture with their refusal to file that little document eh?
And a company that employs a Gagged Transfer Agent is far from Transparent, no company that uses Gagged T/A's ever gets the title of Transparent........ever.
Aero has been hiding the Details since day 1 here, I anticipate that will continue.
Excellent post Loanstew, and I guess there is only one thing the longs have that is a positive at this juncture and that is it cant go much lower, it is at rock bottom, of course there is the pending reverse split the company said they would do in the oct 19th,2007 8K and that will just be pouring salt in the wound, I dont understand how anyone could have held this stock over the last year with all the evidence and good verifiable DD that was presented....
Peacock fooled a few...........again.
WOW! When was the last time someone posted the Risk Metric from Nasdaq on AERP? The Risk Factor has gone through the ROOF!
Any Score over 700 is considered Extremely Risky so I guess AERP is considered EXTREMELY RISKY X2!
http://www.nasdaq.com/services/riskMetrics.stm
I want to congratulate those who did the proper DD on this one, back when Aero was acquired a few folks went above and beyond and researched all the players, Steven Peacock,Javelin Group,Andrew Beyer and few others were investigated at length and a few folks posted their findings here and called this one spot on!
The PPS not long ago was in the .03 range and those folks saw this heading in a downward spiral about a year ago and they were accurate in that assesment, this has rocketed towards .0001 and now sits at .0002! Massive losses for anyone who held this stock.
Thanks to Derbenski,Loanstew,ronning,Agent,EarnestDD,cantgetmyname and a host of others who saw this coming and posted the RED FLAGS so all could see the truth here.
Reality sets in as this rests at .0002, no "MM's" caused this, no "Shorts" caused this.......the company caused it all as was stated by the above parties over the last year or longer, the following post explains it all here.......
Posted by: Reseller Mike Date: Wednesday, November 19, 2008 1:11:08 PM
In reply to: MrPennyPincher who wrote msg# 143946 Post # of 143971 [Send a link via email]
Hmmm...
125,000,000 shares in about 25 trading days averages out to about 5,000,000 per day.
I think it's been posted that the time and sales data shows that the MM's were just
trading shares back and forth.
Someone had to buy those shares and I'm sure it's not a MM left holding them.
Regards.
I hope this will finally once and for all put to rest the "mirror trades" and conspiracy theories of "mm Manipulation" as it has been a ridiculous claim from day 1 with no basis in fact at all.
Once again I tip my hat to those who contributed to the excellent DD put forth on this board, job well done and I am sure some are thanking you for saving them a buck or two with that solid verifiable DD presented here.
OUCH!
NOTE 4 – NOTES PAYABLE
Notes payable at September 30, 2008 consisted of the following:
1. Note payable to two individuals, past due, interest at 6%
$ 23,250
2. Convertible note to a fund, converted at a 30% discount
over the average market price, past due interest at 8%
201,509
3. Note payable to a corporation, 8% past due
138,831
4. Note payable to an individual, past due interest at 6%
475,000
5. Convertible note to an individual with interest at 8%, past due
converted at a 30% discount to market
50,000
6. Note Payable to an individual with interest at 15%, past due
914,324
Total
$ 1,802,914
Accrued interest payable on the above at September 30, 2008 is $170,358.
NORMAL COURSE OF BUSINESS? Yea Right!
Litigation:
The company is a defendant in three lawsuits arising out of the normal course of business. While the eventual outcome of litigation is hard to predict, the Company believes and has been advised that any settlement or result will not have a negative impact on it.
Did someone mention "Break Even Status"? Not hardly folks!
The Company has accumulated $22,465,455 of net operating losses through September 30, 2008 which may be used to reduce taxes in future years through 2028.
We Have Historically Lost Money and Losses May Continue in the Future
We have historically lost money. The loss for the 2008 fiscal year was $ 2,923,215 and future losses are likely to occur. Accordingly, we may experience significant liquidity and cash flow problems if we are not able to raise additional capital as needed and on acceptable terms. No assurances can be given we will be successful in reaching or maintaining profitable operations.
Our Common Stock May Be Affected By Limited Trading Volume and May Fluctuate Significantly
There has been a limited public market for our common stock and there can be no assurance that an active trading market for our common stock will develop. As a result, this could adversely affect our shareholders' ability to sell our common stock in short time periods, or possibly at all.
Hmmmmmmmm .0002 now? cant get much lower than that folks, those who hold now are probably stuck, this is Dead Money!
Item 4. Controls and Procedures
Evaluation of Disclosure Controls and Procedures
We maintain disclosure controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) that are designed to be effective in providing reasonable assurance that information required to be disclosed in our reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the rules and forms of the Securities and Exchange Commission (the “SEC”), and that such information is accumulated and communicated to our management to allow timely decisions regarding required disclosure.
Really? where is the information on the loan from David K. Richards Mr.Hunsaker? Where is the 8K on that Material event which apparently ties up all of Aero's assets? Me thinks you are in Huge Violation here sir.
"what AERO puts out in Press Releases comes true!"
Thanks for making me laugh knowlsy, could you please explain how the DR.Gas thing is progressing? Could you please Explain how the Break Even status is coming along?
Could you please Explain how the phase 2 tests are progressing?
Could you please explain why the company has failed to provide an 8K on a HUGE material event which ties up all of Aero's Assets?
Could you please explain why the company still employs a Gagged Transfer Agent?
I could repost the many pr's where they company has mislead investors and "events" did not come true but I think you get the point here, the company has been anything but tranparent, in fact this is one of the biggest scams I have ever seen outside of anther company I know of where the CEO got brought up charges and is facing sentencing, It wont shock me if the same thing happens here.
"LoanStew,
Gosh*Golly*Gee ----- Looky Looky
Filing agent for the NT-10-Q is non other than -----
<META NAME="author" CONTENT="Trish Bollman">""
Gosh Ronning, how could that be? Dont you read the PR's? Javelin was given the boot long ago so Javelin plays no part whatsover with Aero!
Just because "Trisha Bollman" a Javelin Employee continues to be the filing agent for Aero Means nothing!
Just Because Javelins IR Puppet Andrew Beyer is still Employed by Aero and does not act as an IR person for any other company other than Javelin Stocks Means Nothing!
And just because Aero Chooses to use the Same Exact Gagged Transfer Agent as all the Other Javelin stocks also means nothing!
You need to trust what is put out in the pr's more ronning, dont let the facts get in the way of logical thinking here!
Maybe if they had Aero Mufflers then they would not be looking to the Government to keep them from bankruptcy?LOL!!
I cant believe some folks are still bringing up the big 3 auto makers ronning, this has been beat to death, the engine technology is such that less back pressure is not needed thus no no need for a performance muffler, the only reason people put them on newer vehicles is for the sound and that is usually just kids and a handful of auto enthusiast.
Rusty wallace is the spokesperson for Aero and owns at least 3 dealerships now if not more and he does not even carry the Aero Mufflers at his Dealerships so what does that tell ya!
Oh wait, maybe it was the MM's that kept him from selling them>? Maybe we should just wait for "clarity" on that and make a few "phone Calls"?
"I was expecting other things to be pr'd first."
What "other things"?
Todays PR was a waste of Investors money, more fluff about "advertising" in some little read mags? Whooopeeeeeeeee!!!! If being on the two guys garage nationally televised show and having rusty wallace as a spokesperson who has done commercials wont sell product then a few adds in some run of the mill car mags is not going to do the trick, besides--the company is not interested in really selling a whole lot of product, this nothing more than smoke n mirrors to sell more shares of AERP!
Its how it has been from day 1, no substance ever, gagged transfer agent, Massive dilution, shady loan deals with still no 8K?
The Roof is about to cave in on this pig, who will get trapped in the rubble?
One thing that is not cryptic is the trend, has been trending down since day 1 of the acquisition, nothing to indicate this is going anywhere but down, folks said the gagged T/A was "doubly Inherited" yet that same gagged transfer agents is still employed?
Folks said Javelin was terminated yet the Javelin IR puppet Andrew Beyer is still pumping out PR's and Trish Bollman continues to do the filings for Aero? For those that do not know Trisha Bollman she is a Javelin Employee! Apparently just doing a tad bit of work on the "Side" for Aero? Not Hardly.......
Anyone who believes that javelin is not pulling the strings here has not been paying attention.
When is the Death Spiral Reverse Split going to take affect?
Where is that 8K on the Richards Loan? Why does Aero continue to hide the Details of Material Events? Is not that Illegal? I do believe it is!
Anyone getting sick of hearing about the "mm's" and the trading activity? I am so sick of it I could Puke! Seems certain efforts want to take the focus off the company and Javelin and place blame elsewhere with no proof of anything?
This stock has tanked probably close to 98% now in about a years time frame and some just cant bring themselves to blame management? still? ROFLMAO!!!!!!!!!!!
"YOY COMPARISON"???
Last year the PPS was .03 range, this year it is .0003!
That is the only "comparison" that matters to shareholders, that one item alone sums up what Aero has accomplished "YOY" and it amounts to---NOTHING!
End of Story.
"And Aero's VWAP just keeps on falling.
Now at $0.00029259 "
Thats no Shocker Ronning, it has been planned this way since day 1, this stock has performed like all other peacock stocks, why anyone thought this one would be any different is beyond me, all Peacock javelin stocks have Andrew Beyer as the IR guy, all use the same GAGGED Transfer Agent and all were recently in the .03 range and now all of them sit at around the .0003 range.
Coincidence? "MM Manipulation" on ALL OF THEM? Not hardly!
This has been an orchestrated pump and dump dilution filled scam since day 1, the only thing left is Bankruptcy and or a Reverse split, both will happen eventually, just a matter of time.
".Don't you all get tired of the same posts over and over..."
Yes, it gets very old seeing people post that Aero is selling product like "water" when in each filing that statement holds no "water", It gets very old seeing folks say "wait for Clarity" only to see clearly in the filings that the company is struggling worse and worse as time goes bye, it gets very old to see folks telling others to "make phone calls" as if their is something good on the horizon or that "Pallets" are being unloaded by the truck load, only to see the company struggled once again and sales were pathetic and did not match up with the PR's Produced by the company.
And last but not least, it got very old to hear people explain away the non-filing of an 8K on the Richards Loan which ties up all of Aeros assets and it even got older when some folks pretty much GUARANTEED it would be in the Next filing indicating that "phone Calls" were the source of that information, the Filing has come and gone and not a peep about that Material Event?
So you now have SEC Rules Violations, Defaulted Loans, Poor Sales,a Gagged Transfer Agent and a PPS that continues to tank with not one single share traded today.
So does it get old when people say "wait for Clarity"? You bet! Very old.
".. not one trade .. today .. yee haw!!!!
gotta love it .. a victory .. albeit minor"
So not trades is a "victory"? Well I guess if you look at from the perspective of the stock did not tank again today then I guess that could be construed as a victory but is not the object of investing in a stock is to see the interest increase? Volume increase? Price Increase?
None of the above has occured on AERP since the acquisition, the stock has done nothing but tank and the interest has withered away since that acquisition, no buyers, and the ones that would be sellers probably cant even sell the stock.
This is Dead Money, awaiting Bankruptcy or a reverse split, those are the only two options at this juncture and if it does reverse split then you can expect the stock will quickly retrace to the levels you see it at now.
Pretty sad that our elected officals alow this sort of corruption in our markets, CEO's and people like Peacock,Beyer and anyone else associated with javelin should be brought up on charges for the fraud perpetrated here and on the other stocks that look like mirror images to this one.
Knowing the players and their plays was key to seeing where this was headed, I and others called and saw it long ago and Peacock proved us right.....again.
The performance of this stock has nothing to do with "mm Manipulation" as some have suggested, has everything to do with Peacock and Javelin, they knew where this was headed as well, because they planned it that way.
This hit .0002 today? LOL!!! Get ready for rock bottom folks......this will be resting on the rock bottom floor trading at .0001 X .0002 waiting for that substantial reverse split as outlined in the oct. 2007 8k!
How is the "clarity" looking folks?
Derb
It is without a doubt going forward that the Performance muffler market is shrinking, with the improvement in engine technology there is less need for these types of mufflers and that comes from an industry expert Kevin Mcclellan I believe is his name.
Throw in the push for new electric cars etc..then only the big companies will survive catering to a niche market of auto enthusiasts.
but that is how it has been since Aero went public and the poor sales are reflective of that fact.
Loanstew
Did the company ever file an 8K on that Material event? If not, is not that an SEC Violation?
the mm activity on this stock is no different than the MM activity on most penny stocks or sub penny stocks.
The reason this stock has tanked is because of poor sales and dilution coupled with no transparency from management.
The company still employs a gagged transfer agent that some suggested would be gone after javelin supposedly left? yet that Gagged T/A is still employed?
It appears management wants the details hidden from investors and last I looked the company still had not produced an 8K on the Richards loan which ties up all of Aero's assets. I do believe that is a Serious SEC violation by the way..
This company has never been about the product or the shareholders and has always been about selling shares to line the pockets of the insiders.
This is Dead Money.
Great Post Loanstew....that kind of sums it up, Manipulation by MM's etc..is a joke---the losses incurred have been due the companies actions and nothing else, those that keep pointing the finger elsewhere are frankly just lost in the process of how Peacock/Beyer and Javelin operate. Once again good post.
Posted by: LoanStew Date: Friday, November 07, 2008 3:05:47 PM
In reply to: ronning999 who wrote msg# 143291 Post # of 143293 [Send a link via email]
Ronning,
Thank you for hitting the nail on the head.
It NEVER SEEMS TO MATTER how much Aero's shareprice PLUMMETS.
It has to be manipulation.
It NEVER SEEMS TO MATTER how many loans are in default.
Because you know what caused it? Manipulation, right? Surrre.
It NEVER SEEMS TO MATTER how much money they lose in a quarter. Because it isn't poor business practices that have cost them all of those losses, Ronning. It's manipulation.
The one thing that cannot seem to be manipulated is Aero's business from a money-losing enterprise to a profitable one.
But of course that's all because of manipulation.
ROFL!
IMO/FWIW
earnest
"This company is being Reactive not Proactive."
And they only "react" when forced to or cover tracks, it has been clear since day 1 what has been for sale here and it has always been shares of stock not mufflers, anyone who believes that Peacock/Javelin and Beyer care about selling mufflers has not looked at all of the above's history in publicly traded stocks, History shows where this is headed and that is not a positive for investors.
Down -25%! .0003! Only 2 more steps down the ladder and it will firmly rest on the bottom and fluctuate between .0001 and .0002, those who buy will probably never be able to sell it, next stop is a Reverse split of the Substantial kind and then the whole process of watching it tank again will take place.......Peacock is no stranger to this process and neither is Andrew Beyer, he probably has the PR's lined up and ready to go at each stage.
I have to admit, its very entertaining to watch those who think this is a viable company.
This stock has been a waste of time since day 1, corruption looms large with Javelin/Peacock/Beyer, nothing to indicate anything positive but plenty of red flags, its not a shocker that the stock has tanked and those who looked at the players involved saw this coming long ago.
The only thing left is a filing for Bankruptcy or SEC Halt and investigation into those who play this game on many fronts.
Agent
"How come Aero has
"never" released any inventory numbers, nor
order numbers...NOTHING? "
Because then the few "longs" that remain and the tout sites who post on message boards would be faced with reality directly from the company, they would see what some have been saying since day 1 and that is poor sales and dilution which has made this stock tank over 95%!
BK status and SEC on the horizon!
Great News? Moving into a new building supposedly? after they pr'd that over like 5 or 6 months ago?
That was news worthy to the company? How about producing the 8K on the richards loan wich ties up all of those assets that finally got moved into bluffdale?
If anyone has concerns about the non filing of the material event in the form of an 8K the following is the Email response I received from the SEC, it has the links and email address where you can ask questions or file a complaint on this matter of not disclosing material events in a timely manner, or in this case of the David K. Richards loan which ties up all of Aeros assets......not filing anything at all!
Why is AERO hiding this information from the public?
Dear Sir or Madam:
Thank you for your recent e-mail to the group electronic mailbox of the Division of Enforcement at the United States Securities and Exchange Commission in Washington, D.C. We appreciate your taking the time to write to us. This automated response confirms that the Division of Enforcement has received your e-mail. You can rest assured that an attorney in the Office of Internet Enforcement will review your e-mail promptly.
We are always interested in hearing from members of the public, and you may be assured that the matter you have raised is being given careful consideration in view of the Commission's overall enforcement responsibilities under the federal securities laws. It is, however, the Commission's policy to conduct its inquiries on a non-public basis -- so this may be the only response that you receive. If your complaint is more in the nature of a consumer complaint (such as a dispute with your broker or a problem with your brokerage or retirement account), you should contact our Office of Investor Education and Assistance -- they may be able to help you. You may reach the Office of Investor Education and Advocacy via telephone at (202) 551-6551or through the Web at HYPERLINK "http://www.sec.gov/complaint.shtml ".
The Commission conducts its investigations on a non-public basis to preserve the integrity of its investigative process as well as to protect persons against whom unfounded charges may be made or against whom the Commission determines that enforcement action is not necessary or appropriate. Subject to the provisions of the Freedom of Information Act, we cannot disclose to you any information which we may gather and we cannot confirm to you the existence or non-existence of an investigation, unless made a matter of public record in proceedings brought before the Commission or in the courts.
If you are unsure where you should direct your inquiry or you want to learn more about how the SEC handles inquiries and complaints, please visit the SEC Complaint Center at HYPERLINK "http://www.sec.gov/complaint.shtml".
Should you have any additional information or questions pertaining to this matter, please feel free to communicate directly with us at HYPERLINK "mailto:enforcement@sec.gov".
We appreciate your interest in the work of the Commission and its Division of Enforcement.
Very truly yours,
S/
John Reed Stark
Chief, Office of Internet Enforcement
United States Securities & Exchange Commission
Anyone think the SEC will take action against Aero for not filing an 8K on a Material Event with David K. Richards?
The SEC rules are clear on this matter and AERO has failed to provide those details in an 8K or the recent filing which was their last opportunity to do so to my knowledge.
I think it is just a matter of time now before the SEC Halts this stock for SEC rules violations.
This HUGE Material Event should have been disclosed to shareholders in the form of an 8K filing to my knowledge. The Company never put out a PR on this event and have never filed an 8K as REQUIRED per SEC rules.
AERO is CLEARLY in Violation at this juncture.
https://secure.utah.gov/uccsearch/uccs/result
File Number: 349335200805 Certify Filing Number: 349335200805
Old File Number:
Start Date: 08/13/2008 15:08 File UCC Continuation:
Lapse Date: 08/13/2013 File UCC Termination:
Filing Type: UCC
Filing Status: ACTIVE
Filing History:
1 'Filing Transactions' were returned on Filing Number: 349335200805
Filing Type: UCC 1 FILING STATEMENT
Status: ACTIVE
Description: None
Effective Date: 08/13/2008 15:08
Approved Date: 08/13/2008 15:08
Filing Method: ONLINE
Debtor:
AERO PERFORMANCE PRODUCTS, INC. ACTIVE exact search for "AERO PERFORMANCE PRODUCTS, INC."
Effective Date: 08/13/2008 15:08:11
10288 S. JORDAN GATEWAY, SUITE F
SOUTH JORDAN UT 84095 SOUTH JORDAN , UT 84095
Certify ALL Filings for this Exact Name: AERO PERFORMANCE PRODUCTS, INC. ($12 Fee)
Certification is only valid for Exact Debtor Name or UCC Filing Number. Certification does not include "actual images" of Utah UCC financing statement filings. Certification will only include the data which has been submitted into the Utah UCC database. Page example attached. Variation in spelling of the debtor name which may include punctuation, spaces and data errors must be individually certified.
Jurisdiction: NEVADA Organization ID: N/A Organization Type: CORP
Search BES for "AERO PERFORMANCE PRODUCTS, INC." to access Principal Information or purchase a Certificate of Existence
Secured Party:
DAVID K RICHARDS ACTIVE
Effective Date: 08/13/2008 15:08:11
3488 S. LITTLE FARM LANE
SALT LAKE CITY UT 84109 SALT LAKE CITY , UT 84109
Search BES for "DAVID K RICHARDS"
Collateral Description:
Abbreviated Collateral Description: (view full description)
ALL ASSETS OF THE COMPANY, BOTH TANGIBLE AND INTANGIBLE, INCLUDING, BUT NOT LIMITED TO, INVENTORY, CHATTEL PAPER, ACCOUNTS RECEIVABLE, EQUIPMENT, MACHINERY, FIXTURES, GENERAL INTANGIBLES, INTELLECTUAL PROPERTY, PATENTS, PATENTS PENDING AND PATENT APPLICATIONS; WHETHER ANY OF THE FOREGOING IS OWNED NOW OR ACQUIRED LATER; ALL ACCESSIONS, ADDITIONS, REPLACEMENTS, AND SUBSTITUTIONS RELATING TO ANY OF THE FOREGOING; ALL RECORDS OF ANY KIND RELATING TO ANY OF THE FOREGOING; ALL PROCEEDS; AS COLLATERAL FOR A LOAN MADE BY THE SECURED PARTY TO AERO PERFORMANCE PRODUCTS, INC.
Effective Date: 08/13/2008 15:08:11
Action: ADD
Effective Date: 08/13/2008 15:08:11
I still do not see a filing for the Loan from Mr.Richards which ties up all of Aeros assets?
They were required to file that information within 4 days of that material event in an 8K, they failed to do so, I will be sending an inquiry to the SEC on this matter tonight.
This HUGE Material Event should have been disclosed to shareholders in the form of an 8K filing to my knowledge.
https://secure.utah.gov/uccsearch/uccs/result
File Number: 349335200805 Certify Filing Number: 349335200805
Old File Number:
Start Date: 08/13/2008 15:08 File UCC Continuation:
Lapse Date: 08/13/2013 File UCC Termination:
Filing Type: UCC
Filing Status: ACTIVE
Filing History:
1 'Filing Transactions' were returned on Filing Number: 349335200805
Filing Type: UCC 1 FILING STATEMENT
Status: ACTIVE
Description: None
Effective Date: 08/13/2008 15:08
Approved Date: 08/13/2008 15:08
Filing Method: ONLINE
Debtor:
AERO PERFORMANCE PRODUCTS, INC. ACTIVE exact search for "AERO PERFORMANCE PRODUCTS, INC."
Effective Date: 08/13/2008 15:08:11
10288 S. JORDAN GATEWAY, SUITE F
SOUTH JORDAN UT 84095 SOUTH JORDAN , UT 84095
Certify ALL Filings for this Exact Name: AERO PERFORMANCE PRODUCTS, INC. ($12 Fee)
Certification is only valid for Exact Debtor Name or UCC Filing Number. Certification does not include "actual images" of Utah UCC financing statement filings. Certification will only include the data which has been submitted into the Utah UCC database. Page example attached. Variation in spelling of the debtor name which may include punctuation, spaces and data errors must be individually certified.
Jurisdiction: NEVADA Organization ID: N/A Organization Type: CORP
Search BES for "AERO PERFORMANCE PRODUCTS, INC." to access Principal Information or purchase a Certificate of Existence
Secured Party:
DAVID K RICHARDS ACTIVE
Effective Date: 08/13/2008 15:08:11
3488 S. LITTLE FARM LANE
SALT LAKE CITY UT 84109 SALT LAKE CITY , UT 84109
Search BES for "DAVID K RICHARDS"
Collateral Description:
Abbreviated Collateral Description: (view full description)
ALL ASSETS OF THE COMPANY, BOTH TANGIBLE AND INTANGIBLE, INCLUDING, BUT NOT LIMITED TO, INVENTORY, CHATTEL PAPER, ACCOUNTS RECEIVABLE, EQUIPMENT, MACHINERY, FIXTURES, GENERAL INTANGIBLES, INTELLECTUAL PROPERTY, PATENTS, PATENTS PENDING AND PATENT APPLICATIONS; WHETHER ANY OF THE FOREGOING IS OWNED NOW OR ACQUIRED LATER; ALL ACCESSIONS, ADDITIONS, REPLACEMENTS, AND SUBSTITUTIONS RELATING TO ANY OF THE FOREGOING; ALL RECORDS OF ANY KIND RELATING TO ANY OF THE FOREGOING; ALL PROCEEDS; AS COLLATERAL FOR A LOAN MADE BY THE SECURED PARTY TO AERO PERFORMANCE PRODUCTS, INC.
Effective Date: 08/13/2008 15:08:11
Action: ADD
Effective Date: 08/13/2008 15:08:11
the shift went from some saying "Friendly Debt" to now what we see as Law Suits and Legal issues in the filing, top that off with the filing not matching up with recent PR's and no mention of the loan from David k. Richards which ties up all of Aero's assets and AERO has much explaining to do.
So much for the Product "selling like water", so much for those "channel Checks" with trucks at the "loading docks" and "pallets" etc..etc..
Looks like all those "phone Calls" to distributors and all the hype about sales were nothing but hype, its all in the filings folks, nothing matches up with PR's about 60% and 90% sales growth and it cost of Sales DOUBLED with very little gain over previous year with now lawsuits/legal issues for defaults on payments etc, and huge liabilities.
This is going to hit rock bottom next week folks, Look for massive volume driving this to .0001 or .0002 before friday, this filing is a joke, the "channel checks" proved to be false information, the "phone calls" to distributors or IR have shown once again NOT to be reliable information.
The missing details on Richards is going to be the catalyst that gets the SEC involved here very quickly, anyone that has reviewed SEC rules knows that you are not allowed to exclude that type or material information, you are not allowed to keep those details secret from shareholders or the public.
This was a train wreck from day 1, anyone know who filed this little gem? was it trisha bollman from javelin Group again?
Peacock has been in charge since day 1 folks, looks like a peacock stock,smells like a peacock stock and has reacted like a peacock stock from the very beginning.
Next week should be a hoot, anyone still think "mm's" and "shorts" are to blame? take a close hard look at the filing compared to the PR's folks, shorts and mm's did not produce those items, Hunsaker/Peacock/Beyer and javelin group did but then again, I guess they could be short this stock, in fact that is probably a likely scenario, the focus and product for sale at AERP has always been shares not mufflers.
You probably hit the nail on the head again ronning, how come no one is screaming about all the PR's that claimed massive sales growth of 60% and 90% sales Growth?
The filing once again paints a whole different picture and now that we see ZERO DETAILS on the David K. Richards loan then I would guess the SEC is going to get involved here shortly, they were required to file an 8K within 4 business days of that material event and they failed to do so, then according to SEC rules if they "FAIL" to provide those details within that time frame then they "MUST" provide it in the next filing!
And here we are at the next filing with NO DETAILS on that Material event which ties up ALL of aeros assets?
Aero has some serious explaining to do and is probably going to face sec action for hiding these details.
Uh OH! Aero is in big trouble now in my opinion, they failed to report the details of the loan agreement in this filing, they were required to by sec rules to my knowledge and I have seen post after post on here stating that they would report it in this filing, David K. Richards Loaned the company money and has first charge of all Aero Assets an I see nothing about that behind the scenes loan deal in this filing?
In addition this filing does not reflect what has been recently been reported in the PR's by Aero, we have seen pr after PR stating 30,60 and even 90% sales growth and that is in no way reflected in this filing, the sales slightly increased while the cost of sales about DOUBLED!
I think someone has some serious explaining to do on many issues, first being the David K. Richards loan and the second the misleading PR's about sales!
http://www.sec.gov/Archives/edgar/data/1160598/000126246308000171/aerp10ksb2008final.htm
Employees
During the fiscal year ended June 30, 2008, the Company had five full time employees, who served in sales and operations positions, and six contractors serving in sales and management. Manufacture of the Company’s products is presently done under contract by third party manufacturers.
I could have sworn the company put out multiple PR's about hiring sales Managers etc....and what about moving into bluffdale? How many months are they behind on that little fiasco? Anyone curious on who those 5 Employees are?
ITEM 3.---SO MUCH FOR "FREINDLY DEBT"!!!
LEGAL PROCEEDINGS
Global Outdoor Services filed a complaint against the Company on June 30, 2008 owing to past due invoices. Subsequent to June 30, 2008, the Company made payment arrangements with Global Outdoor Services and payments are ongoing.
A complaint was filed on July 3, 2008 by a partner of Xtreme Grafix who is suing the other two partners in Xtreme Grafix for misappropriation of funds. TTR-HP was named as co-defendant as part of the action on the basis that the Plaintiff did not receive his allotted portion of the payment made by TTR-HP. TTR-HP believes that it has paid the principals for work performed and any issues are between the Plaintiff and the other partners. The Company strongly believes that it does not have any liability and intends to vigorously defend itself under the belief that the case against TTR-HP should be released with prejudice.
A complaint was filed in Wisconsin state court on August 26, 2008 by a customer of TTR-HP, Don Doolittle, for $70,000. Mr. Doolittle’s complaint alleges he purchased product from TTR-HP in 2005, was unable to resell the product, and now wants TTR-HP to purchase the product back. TTR-HP has offered to purchase the product back from Doolittle at cost but Doolittle wants TTR-HP to pay him full retail price, which is more than double the original price paid in 2005. The Company believes that the case is without merit and intends to defend itself vigorously.
Hmmmmmmmm wonder what company Mr.Doolittle owns?
iquidity and Capital Resources
The Company’s financial statements present an impairment in terms of liquidity. As of June 30, 2008 the Company had $3,498,328 in current liabilities, which exceeded current assets by $3,197,536.
Results of Operations
For the year ended June 30, 2008 the Company had a net loss of $2,923,215 compared to a net loss of $4,134,606 for year ended June 30, 2007. The current year loss includes marketing and advertising costs of $1,245,443, interest expense of $188,838, and settlement costs of $422,538 related to the issuance of stock under court ordered settlement of debt obligations.
ITEM 12.
CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
The Company previously owed $194,000 to Bryan Hunsaker, Chief Executive Officer and Chairman of the Board of Directors, relating to accrued salary and benefits. On July 10, 2005, the past due salary was converted into a note payable which bears interest at the rate of 8% per annum and was due and payable July 10, 2006. On January 2, 2008, the note was assigned by Mr. Hunsaker to a third party.
Aero Consolidated Balance Sheet
Total Current Assets--------$300,792
LIABILITIES AND STOCKHOLDERS' EQUITY (DEFICIT)
TOTAL LIABILITIES-----------$3,498,328.00
Consolidated Statements of Operations
This one is HUGE FOLKS! PAY ATTENTION!
Sales for 2008 are $810,240
Sales for 200 were $726,098
Cost of Sales for 2008 are $447,078!!!!!!
Cost of Sales for 2007 were $249,393!!!!
It Cost Aero about $200,000.00 to Make around $85,000.00!they did not make money YOY here, they went backwards folks!
NOTE 7 - STOCKHOLDERS’ EQUITY
"During the year ended June 30, 2008 the Company issued 1,375,344,311 shares of stock"
Get ready for .0003 and .0004 range! they love to dump on fridays it seems.
yet,stay tuned, the hammer is falling and falling hard, they cant escape justice, it will be served.
Has anyone considered that the filing may be delayed do to SEC involvement at this juncture? Is there any other Javelin stocks which have not filed on time?
Is this going to be a record for the shortest lived OTCBB listing? Still no filing? so much for trusting what Aero puts out in its PR's! How long till they get kicked back to the pink sheets?
Not that getting listed on the otcbb did anything for investors in the first place, the stock continued to tank after the listing so that was a non-event to begin with.
I think AERO is in some serious legal troubles, where is CFO solutions in this whole mess? supposedly hired but has never done anything visible ever for aero? was that just hype? has anyone emailed cfo solutions to find out if they were ever even engaged at any point?
corji
They have PR'd a number of things that did not quite add up.....
60% Growth for jan and Feb then the filing came out for that quarter.......guess what........5% growth with a whole bunch of unpaid bills and the company stated "sales were Flat"!
They also PR'd a whole bunch about the Dr.Gas Acquisition,misleading investors into thinking it was pretty much a done deal........guess what.........NO DR.GAS! All HYPE!
Then they PR'd the E that currently resides on AERPE for not filing on time TWICE! would only be there a "COUPLE DAYS"! And yet that E is still here with still no filing!
As far as Javelin being PR'd as gone? Who was the filing agent on the last two filings? Trisha Bollman! who is Trisha Bollman.......Javelin EMPLOYEE!!!!!! and I have never seen Trisha Bollman do any other filings for any companies other than those associated with Javelin....period!
Andrew Beyer the IR guy for Aero.......Never seen him be an IR guy for any other company than those associated with Javelin, and to top it off Mr.Beyers address is the EXACT SAME as javelins and the phone number Mr.Beyer uses is the EXACT same as Javelin Groups.......the FAX number? You guessed it......EXACT SAME AS JAVELINS!
Transfer online the transfer agent for Aero........once again....the transfer agent of choice on ALL JAVELIN stock plays!
So if you want to believe that Peacock is not pulling the strings here than go ahead but I suggest you re-read that PR...it states the Javelin "CONTRACT" was terminated,and there was never an 8K filing on that material event either.
Peacock has never left the building folks and this stock has performed exactly like all other peacock scams.
"This symbol change is not expected to be in effect for more than just a few days.”
http://biz.yahoo.com/bw/081015/20081015005889.html?.v=1
Still no filing? Gee what a shocker! Whoda thunk Peacock would have duped investors? LOL! Its what he lives for folks, he has done this over and over on many stocks, AERP is no different. Those who look outside the box have seen the misdeeds of Peacock/Beyer/traveller and Javelin group.
"Maybe CFO Solutions isn't that great."
I have never believed that CFO solutions is doing anything for Aero, is there one shred of evidence this company has done anything for Aero? Ever?
We have at a minimum 2 missing filings since supposedly CFO solutions was hired? And then to top that off Trisha Bollman who does not work for CFO solutions but instead works for Peacock/javelin continues to be the filing agent for Aero?
There is Zero evidence that CFO solutions works for Aero, if they do they are doing a pretty pathetic job. It is clear this is a Javelin/Peacock operation, always has been.
bag8ger
"Tomorrow no doubt."
Still no filing again? what happened? Cant blame the MM's or shorts on all this, this is pure and simple a pump and dump dilution filled scam, has been from day 1 in my opinion.
When do they get kicked back to the pinks for not filing? I saw a few posts about "two questions asked and answered and listed on the otcbb in under 3 months"?
Now could this be a record for the shortest up list ever? Starting to look like legal issues not been made public, why else would they continue to not file?