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Monday, May 19, 2014 11:29:11 PM
"The Company reported revenue of $10.5M for 2012 and is forecasting $20M for 2013 and $68M for 2014."
http://www.freenewspos.com/news/article/c/235113/2013%2006/regus-advisors-engaged-by-apt-motovox
Note the date-- that was on May 6, 2013.. last year
The update last week (May 13,2014) stated "Revenue goals for 2013 were not met as planned..." and "causing us to miss much of our spring 2013 business."
http://ih.advfn.com/p.php?pid=nmona&article=62176249
So, in advance of the promised audited financials, the company has just said they failed to achieve the $20 million in revenue they had projected a year ago. How much under remains to be revealed.
APT's confession that they had lost "much of their spring business" last year --which was followed by other substantial "challenges"-- causes me to believe that revenues for 2013 will turn out to be fairly dismal. I personally don't see how a company can basically miss virtually the entire spring's worth of business --and then spend the rest of the year scrambling to line up financing-- and magically emerge with with impressive growth. This is just my personal conclusion from reading the tea leaves.
IMO APT released their "shareholder update" last week in order to prepare investors for the forthcoming audit results which I predict will be underwhelming. I'll be proven right or wrong when they're posted.
GLTY
We're entitled to our own opinions --but not our own facts.
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