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Saturday, July 05, 2014 11:24:07 PM
There seems to be a strong contradiction between what you're being told on this board and the words of THE CEO of APRU
(Tony Torgerud) - https://twitter.com/movinfast
Judge for yourself.
"We begin our second quarter of 2014 with the completion of the sale to LiveWire Ergogenics,
Inc. of a majority stake in our company. Included in the LiveWire transaction are the “CANNA
Bliss” and “CANNA Rush” trademarks.
This transaction took an extraordinary amount of work
to complete but we believe it will add the most value for our shareholders in the future.
LiveWire Ergogenics’ unique manufacturing capabilities will allow us to launch new CBD-based
products, as well as bring to market other products more quickly and efficiently. Additionally,
we are able to use LiveWires’ in-house manufacturing, product development, creative support,
and general and administrative staff without having to hire our own.
This provides us a great
opportunity to grow while keeping expenses to a minimum.
We also plan to re-introduce the Apple Rush and Ginseng Rush brands back to the health food
channel and as part of the Livewire/APRU transaction, APRU secured a perpetual, exclusive
worldwide license to market the Apple Rush and Ginseng Rush branded products.
We intend to utilize our International partners to grow all of our product
lines worldwide. It was important in the negotiations to obtain the exclusive
worldwide distribution rights to the Apple Rush and Ginseng Rush brands
and trademarks.
Our consultants have already been contacting former
International distributors of our product and hope to gain some immediate
International market penetration.
We believe that we can achieve larger margins in chewable,
powder, and bars
while recognizing that the margins on drinks are lower due to freight costs and
competition within the categories.
We will look for quarter over quarter results to be positive and
expect significant growth during
the next six to twelve months.
The transaction between Livewire, APRU and the Corr family has not increased the public float
of APRU, which remains approximately 1.5 billion shares.
We realize that the share structure has
grown as a result of the transaction but feel that it presented far and away the best opportunity for
shareholder growth, in spite of the increase in outstanding shares,
and at this time we have no plan to effect a reverse split of the stock.
We believe that Livewire acquired its majority stake in
APRU as an investment and that [color=red]]the risk of those securities getting to the open market is limited
in our belief.[/color] In any event, Livewire is subject to a minimum 12-month hold of its APRU stock
and thereafter is subject to significant volume limitations in selling the stock into the open
market as a result of the fact that they are an “affiliate” of APRU. The members of the Corr
family, as well as any Corr family owned or controlled business, are also affiliates of APRU and
[color=red]]subject to the same significant volume limitations[/color] on the re-sale of their stock into the open
market."
http://www.otcmarkets.com/companyPresentationViewer?cmdId=319
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