AmericaTowne Holdings Inc (ATMO)

[Principian]

Ever notice plenty of these so called deals never seem to get completed? Last years so called Big deals were somehow linked to creating this manufacturing plants in China lots of pure hype, but close inspection of the deal had Americatowne having to commit upwards of $11 Million per year for the next 5 years for Capital Improvements. Those deals were hyped and its now 18 months later with the first $11 Million past due, no leases signed and no word as to the status. Their business plan is to produce modular buildings... a business which there already is dozens of companies in this space.

Next they announced a HQ office that was to be built, yet it appears that too isnt exactly happening either.

And one of their original deals was with the Chinese Port Authority of which they were using as a means to attract so called US Exporters. The provisions in that deal are now clearly in default and no word to the updates to it. well over 2/3rds of these so called Exporters are themselves nothing more than newly formed shells of which a number are now facing being or already have their own respective issues with State Authorities.

Meanwhile 1qtr numbers are again a loss. Close inspection still shows plenty of money flowing from Americatowne towards Perkins other private businesses he controls with those same business showing related party receivables that are now ballooning close to half the company assets.