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There is no doubt that AAPT is having issues, but issues aren't coffins, they are opportunities. The question investors have to ask is if they believe the company and its officers can successfully resolve problems and move beyond them to achieve its mission and purpose. Virtually every company and every corporate executive has faced business issues that could have become calamities, but in reality became game changers. I personally relish being in the minority as it affords me options to profit despite the odds.
The STOP referred to by the "poster" is the OTCQB signal that investors need to take a close look at the company because it may not be disclosing all of the information that it says an investor should have. That information includes timely and current filings and a significant membership fee with a share price of $0.01
So the STOP is not a "hold" or "stop" on trading, but an acknowledgement that the company has yet to become current on its filings. Which is true. AAPT is late but it is not true that it is a scam and until someone can produce proof that stands up to legal scrutiny, it would be prudent to use some caution in one's choice of words as intentionally interfering in a company's ability to conduct its business is not water cooler chit chat. In the absence of information I suggest that asking questions is a more earnest way to find out about the goings on inside a company than making accusations.
CHECK FOR YOURSELF: I noted a post that asserted a flag/stop/hold was present on AAPT. I checked with my brokerage and a second brokerage to be certain that such is not the case. There are no such levies on AAPT shares or its trading. There is a company in Australia with the same call letters that is engaged in a corporate transaction and that might have given rise to the posting. However, nothing from any agency of this government, exchange or brokerage has been appended to AAPT. BUT, CHECK for YOURSELF...
On Shelf in May is the tweet a little bird chirped me signaling that the nation's #2 convenience store distributor will have BARS in store the first days in May. Just the start of nearly 150,000 opportunities to grab a BAR and go.
At the end of the day, we are all looking for a higher share price from a stable company with growth potential. A dollar per share would be nice. If there is a reverse from billions outstanding to millions and it allows the stock to be realistically valued in the millions I am down for that. I would relish the opportunity to see tears in the eyes of the shorts and gaping holes in their wallets. The dog bar concept has the potential to be a game changer
and despite the oft threatening proclamations of doom and gloom by some posters, my bet is on a thriving enterprise.
AAPT is not in a death spiral, if it were why would the principals exercise a note to acquire shares they cannot sell? The answer to this question has options; the company is either entering into an M&A arrangement, securing equity funding and/or a significant line of go forward credit. While control of the shares is critical for the first option, it is not essential for the others. However, having control does allow for an empowered negotiating position. Is there going to be a reverse, probably if it is an M&A deal. will it be 10:1 or 100:1 -- it really does not matter if the company becomes a success... which is not just likely, I believe it is a probability.
Neither affiliate, Barry or Lisa, has sold shares of their AAPT stock. If they were going to “cash in” they would be restricted in the amount they could sell at any one time as per SEC Rule 144. Such a sale would need to be announced to all and recorded by the SEC.
No announcement, no record, no sale. I suggest that the acquisition of controlling shares speaks to strategic issues that will, I posit be manifested in the near term to the benefit of all shareholders of AAPT. It has been my experience that information, when accurate, can provide reasonable basis for assumptions of potential events.
Safe Harbor Conditions for Rule 144
Share Amount to be sold: The number of shares that can be sold in any three-month period is limited to the greater of a) 1% of the outstanding shares of the class of securities being sold or b) the average weekly trading volume of the shares during the previous four weeks.
Notice filed with SEC: Affiliates must file a notice with the SEC for any sale that involves more than 5,000 shares or more than $50,000 in aggregate in a three month period. The sale must take place within three months of filing the notice. If the affiliate decides not to sell any securities during that timeframe, the affiliate must file an amended notice.
http://www.williamblair.com/Private-Wealth-Management/Corporate-Executives/~/media/Downloads/Whitepapers/CES-Stock-Restrictions.pdf
Some with a focus on the near term will light on the note's share price as an issue, however, those with a longer perspective... predictions aside... might consider the significance of the number of shares in that transaction. I will be watching to see what will come of this development.
NutraBars were introduced via Walmart and Amazon. The dog food business books $8B annually with the great majority of total sales taking place at the above outlets. Doing business with these giants doesn't come cheap, but it does put the product out there and provides a potent proof of concept for an innovation in a category that doesn't innovate with consumers that remain brand loyal despite recalls and bad qualitative reviews of ingredients. Amazon is going to build out its FRESH same day delivery business and Walmart is going to open convenience stores. The retail business requires commitment and cash. Based on the recent filing I believe that AAPT has 100% of the former and will be getting all it needs of the latter. If you listen intently you too will hear the big dogs barking.
I will grant you that the AAPT recent filing is lackluster at best, but no worse than early stages of Vitamin Water, Tesla Motors or Apple. http://1.usa.gov/No2OnS Bashing aside, after reading Section 7, page 12 of the filing, one would have to believe that there are big dogs barking somewhere for the President and CEO to convert a $624K Grid Note to 290M common shares.
7. RELATED PARTY TRANSACTIONS
On March 6, 2012, the Board of Directors, consisting of Mr. Schwartz and Ms. Bershan, authorized the Company to execute a Convertible Revolving Grid Note (the “Grid Note”) for a principal sum of up to $1,000,000 with CEO Barry Schwartz and President, Lisa Bershan. The Grid Note bears interest at 10% per year and may be converted into common stock of the Company at a conversion price of $0.0022 any time before March 6, 2013. Neither Mr. Schwartz nor Ms. Bershan has advanced capital under the terms of the grid note as of December 31, 2012. In March 2013, the Grid Note was amended. On February 26, 2013, the Board of Directors authorized the Company to amend the Convertible Revolving Grid Note for a principal sum of up to $1,000,000 with Chief Executive Officer Barry Schwartz and President Lisa Bershan dated March 6, 2012. The amendment reduced interest to 6.5% per year, extended the maturity date to 4 years, and extended the conversion date to October 31, 2013. As of September 30, 2013, Mr. Schwartz and Ms. Bershan have loaned $624,064 with $15,106 accrued interest. Under the terms of the Grid Note and such amount is convertible into 290,531,696 shares of the Company’s common stock.
The terms of the Grid Note provide that the conversion price be lowered upon the occurrence of certain defined events. Notwithstanding this fact, the embedded conversion right is not required to be bifurcated from the host debt instrument, as the underlying common stock is not deemed to be readily convertible to cash (Accounting Standards Codification 815-15-25-51) based on management’s evaluation of the trading volume of the Company’s common stock and the lock up provisions of the Grid Note.
The conversion price of the Grid Note was below the closing market price of the Company’s common stock at the tie of related borrowings. As a result, the Company recognized beneficial conversion features, which were limited to the amount of the Grid Note borrowings of $624,064. The beneficial conversion features are being amortized to interest expense over the term of the Grid Note (March 2016). During the nine months ended September 30, 2013, interest expense related to the amortization of beneficial conversion features totaled $76,980.
12
Yes they are in Tractor Supply and selling well as I have been told.
I would hope that the response I provided earlier this afternoon clears what might be a misunderstanding about a Walmart RollBack.
RollBacks are incentive programs to promote sales, not dump merchandise. If Walmart wanted to dump goods it would just pull the product and dispose of it. Walmart would not run a three month promotion to introduce a brand to its customers and then pull it from thier shelves. To those in it to win it, this is a win it opportunity.
The Walmart Rollback on Nutrabars is a Sales Promotion Campaign
authored by Walmart and APPT to introduce the dog bar concept to the Walmart consumer. This is in advance of the January roll-out to the entire Walmart chain of 4000 stores.
The campaign will run for 90 days...September, October and November...leading to Christmas and the New Year. Coincidently, Walmart hosts will be distributing FREE samples of the bars with
additional $0.25 cent coupons to remove any resistance to trial and continued purchase of NutraBar.
As in the past, DC inventories will be replenished twice weekly.
Walmart customers that are sampled and couponed in-store tend to buy those products that same day, more than half the time. The support from Walmart of All American is not unusual. Virtually every one of the tens of thousands of items sold by Walmart gets
a roll-back to reward loyalty, introduce new items or just increase inventory turns.
What most don't know, is that Walmart funds the rollback on its end. No one could ask for a better business partner.
Next up is CHEWIES and it would not be unreasonable to assume that the same introduction and promotion programs will be in place to launch that brand as well.
David Williams remains with AAPT. Statements to the contrary are untrue. I called the office this AM. Joel Margulies responded to my call. Per my conversation statements of David's departure are without merit.
Could anything be farther from the truth as Amazon now ships the bars and pawtizer domestically and internationally. Walmart fall module is scheduled for Chewies I am told.
Could anything be farther from the truth as Amazon now ships the bars and pawtizer domestically and internationally. Walmart fall module is scheduled for Chewies I am told.
Not every start-up is an instant success. When Steven Jobs was ousted from Apple, he created the NexXT computer: $6,500. It was a commercial failure. AAPT started as a dry dog food company marketing a breakfast cereal.Great idea, but insufficently funded. It subsequently developed the GRRR-Nola Bar and ultimately manufactured the NutraBar which they got into the world's two largest retailers; Walmart and Amazon. Now we have Tractor supply. Convenience stores and pet distributors in the wings. Distribution and sales momentum will build for the BARS.
The potential of the Tractor account mirrors the revenue potential for NutraBars.
The policy of virtually every retailer is to NOT ALLOW a manufacturer to use the STORE BANNER in their press releases without written permission from counsel and that usually takes weeks if permission were granted which would have no impact by that time.
NEW ACCOUNT NutraBars can now be found at the following TRACTOR SUPPLY STORE locations: New Milford CT, Athens OH, Indianapolis IN, Saint Clare PA, Pocono Summit PA, Hamilton NY, Alden NY, Luray VA, West Hazelton PA, New Freedom PA, Ossipee NH, Pawcatuck CT, Oak Hill WV, Midland MI, Cambridge MN, Spencer WV, Hollywood MD, Belle WV, Springfield OH, Mukwonago WI, Washington MI, Cadillac MI, Marietta OH, Hudson NY.
Just saw the posting on the www.nutrabar.com site.
From the facts I've seen the principals put more money into the company than you claim they took and or will take out. What I see is that paying the officers gets them to put their money into the company so that it can grow to profitability. This appears to be the path and I for one am on that road.
Facts are that AMAZON doesn't make up shipping confirmations so AAPT is obviously in business selling bars...
Facts are though that All American Pet Brands is occupying a building in Shawnee KS and Walmart inspected its facility and credentialed it as an operating manufacturing site for NUTRABARS which are onshelf in more than 1000 of its stores. Amazon having done the same is now selling NUTRABARS on line. And I learned that the free NUTRABAR sample offer on Facebook was a success.
I stand by what I said, but I was incorrect. The number of shares that iHub states is 695M. I mistakenly asserted the 675M number. I have no other source for validating this information and I may still might be incorrect.
Facts are provable. Facts are not assertions or assumptions. Facts are the basis of decision making that can be measured against actual performance. The AAPT cereal business did not cycle despite all of its creative efforts. But the BARs are cycling with measurable success and those facts can be projected forward. Amercians eat out more than 50% of all their meals and more than half eat alone. More than half of all Americans own a dog. These facts paint a picture that a "convenience dog food" would easily fit into that demographic lifestyle which is serviced by 147,000 Convenience Stores.
The facts don't lie and the facts are the company has had its ups and downs. Twenty-Twenty hind site is always more accurate than fortune card reader forecasts. My grandfather was a buy and hold guy. Personally, I like committments.
NEW FACTS support investments in the pet food sector. The Demographic Sourcebook states that more than half of all US households own dogs and curiously one in every three homes in New York owns at least one dog. Who knows maybe the BAR will become the next apple.
Fantastic fact. New point of sales clip-strip uses adhesive rather than prongs rducing damage and fall-offs entirely. Just got a glimpse of the device that I expect will be used as the upcoming convenience stores shelf fixture. In my opinion the 147,000 convenience stores present an awesome marketplace for the bars and I expect the company has plans for building this sector into a dynamic sales channel.
Facts in evidence has EG avoiding both due process (72 attempts to serve) and his appearence with the Superior Courts of California. His counsel has used up all of the legal delays afforded by the court system. EG will not be "CONVICTED" as this is a "CIVIL" not a "CRIMINAL" case. However, if the court finds in favor of AAPT, EG will suffer a significant financial consequence for his actions.
FACTS IN EVIDENCE indicate that this tiny public company has managed to pass the six month trial period with Walmart. It also passed the most rigorous health standards inspections required by the retail giant and will in all probability see the number of stores it is in grow dramatically. I anticipate seeing announcements for their CHEWIES line to made in the immediate future as well. AMAZON has offered to ship product for free and the FREE BAR sampling program has gone off the social charts I am told.If you did not know, sampling is 1/10th the cost of couponing and produces a higher conversion to sales. GO BARS!
Facts, not fictions. No one said it was great. The board turned an Officer's attendance to a charity event into an international escapade which it never was. There are many depths to transparency typically expressed in percentages. My guess is that attending an event at which numerous business people were also attending was not what AAPT thought it needed to be transparent 100% about.
The commitment to risk one's capital unfortunately does not warrant that the risk will be rewarded in the investors time frame. Despite promises made and or not kept, the failure of the company to make a go of its kibble business doesn't or shouldn't negate the potential for AAPTs BAR business to be a success. Lessons learned and applied will bring rewards IMO, just later than most expected.
Facts not fictions. An alledged wrong doing doesn't make the statment or the asserted action a truth. To date, no one has stepped foreward with hard proof. Furthermore no agency has acted upon any allegation against AAPT for any alledged wrong doing. Until someone does, the commentary, is just that, commentary.
Facts not fictions. Every corporate officer attends events to stimulate commerce, trade and supply chain relationships, charity and investior opportunities whether the even is domestic or international. Assailing the president of a public company for attending such an event is absurd IMHO.
Facts, not fictions. Investment in a publicly traded corporation is just that an investment, not an invitation to direct the use of proceeds.
Facts, not fictions. 8k will be filed shortly and no one expects any miracles, but certainly the issue of deceptions should be vacated by the mere fact that TWO separate and independant AUDITORS prepared the filings.
Building from the Walmart core to other retailers is a perfect trial by fire for any retail manufacturer. Compliance and success from Walmart is a badge of honor to other retailers.
Facts, not fiction folks. The data presented and asseted is "Out of Date."
675 is the number I know.
Personally I see no validity upon which to "VALUE" EG as being a corporate asset if in the wake of his departure he took 50% of the share value with him. His accusations have not been proven, but the effect of his actions are evidenced via the feelings of those who question AAPT managment, albeit without substantiation of claim. As our justice system asserts innocence until proven, then all should hold in abeyance until a judcial decision is reached... wouldn't you agree?
The facts do not substantiate either a lack of honesty or integrity, but rather preferences of some to see a transparency of information that is to their personal liking and that is just not how a public enterprise works. Publizing the ingredients isn't having the receipe and the receipe will remain both secret and art.