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This is exactly what I predicted.
They sold all Pawtizer inventory to a liquidator in order to pay a few wages.
It sold for 10 cents on the dollar.
Like I said, I SAW the deal.
There is no reorder.
It's all been sold.
AAPT has no production to my knowledge
You're right.
The true value of the stock is really much lower.
You assume that he hasn't already notified the SEC and you also assume that illegal activity continued under his watch.
But your biggest failure in logic is to attributie any legal duty shareholders or SEC by a non-officer, non-director, psuedo employee.
I agree that it might really scare B&L if he helped EG out. It could be their biggest fear.
I heard from David Williams, the VP Finance and Administration, (who wouldn't take the CFO title because of all the litigation and IRS issues the company had) has contacted Eric to lend any support he could lend to support Eric's allegations.
David said, it took exactly 1 week on the job to learn that everything Eric said was true.
Except this is only a wet dream.
Once somebody did a background check, they would run for the hills.
Thank you for finding my post. What it says is not how you read it.
That post and others I posted show the economic reality of the deal. Merchants, like dollar tree, pay 50 cents for the merchandise they sell.
Aapt is not a merchant. Aapt sold through a broker who takes a cut.
Ask the company for proof... good luck with your wheels.
Learn to read. I contradicted nothing.
Telling the truth isn't bad mouthing sweetheart.
But yes I do know.
If they would file I wouldn't need to post to refute the lies on this board.
I saw the deal
ALL Pawtizer inventory was sold in bulk to a liquidator at 10 cents on the dollar.
This is why the company can't file. The reality of that sales is devastating. Plus the money is gone and so are the accountants.
Watch now for a desperate attempt to prop the stock price....
"Good news coming SOON!"
"I saw Pawtizer at Fake & Flake!"
"AAP Wheels!!"
Plus, MM buys to force the stock up.
Take this opportunity to sell, folks!
It does if they told you they quit, have new jobs, and can't be reached at AAPT.
Call the office and ask for either of them.
You will get a story but you won't reach either of them.
I know them both personally
David Williams is long gone. Quit in October 2013.
The other last part time accountant, Richard, quit last week.
There is no Q or K on the horizon.
Perfect assessment
Keep trying
I am inside and all your info about a great 2014 is false.
FALSE!
You are right on track
Long gone I hear
Thanks for sending. I've read that and the original EG letter.
Like they are making so much money that they can't pay employees, vendors, auditors, or keep up with their filing.
Yes! The sales team is fantastic!!
Game plan??
it's not that complicated Andy, and I see no sense in quibbling whether it's a $600,000 loss or a $400,000 loss, do you? Really?
Here's a rough estimate. We don't have audited statements or any filings to the contrary. AAPT has been silent. So, complain to Barry, not me.
Liquidators buy entire inventory or not at all. they would have purchased all 500,000 units. They sold to Dollar Tree which buys at 50 cents. They buy from brokers with a 30 margin. When you work backwards, you get a sales price of between 10 cents to 20 cents a unit. Do the math, you can figure out a lost estimate: between $400K and $600K.
It would show in the Q and K... which is why they haven't been filed. Honestly.
Merchants wrre willing to pay 50 cents for a canister that Barry stiffed the manufacturer $1.75 to produce. The lawsuit hasnt been dropped by that manufacturer to receive all $700,00 they are owed. Hence, There is no more production and why would you? There is no mass market unless sold for a loss.
Please dont believe these hype post by B, L, & J.
Here's the thing guys. Even IF pawtizer became wildly successful at dollar tree, there is no more production to be made. There is no cash. The vendor that supplied pawtizer hasn't been paid and the company lost $600,000 USD on the liquidation.
There will be no more pawtizer.
Production has ceased across the board
Schwartz settled before the filing.
Very sad
Good estimates I would think