All American Pet Company Inc (AAPT)

[doesitreallymatter]

At this point, who cares about what is in the filings? I don't. We all know there aren't any assets. We all know they have huge liabilities. We all know there are claims against AAPT all over the place. IMO what is important is a pattern. A pattern of AAPT making statements and then nothing happens, or making statements that are outright lies. I mean, seriously, who makes a written statement that they are making millions of bars when it is that far from the truth? I don't think it is that hard to make the argument that a statement like that is grossly negligent, which is tantamount to fraud.

What I think is happening behind the scenes is that B&L got unrestricted shares when the grid note got converted and then they went out and found someone to come in and take over. Finally, they found someone and are now unloading their shares to cash out.