AAP Inc (AAPJ)

[PRmaniac]

It is not real estate - they don't own any real estate
It is basically alike a contract for deed so they can claim the "liability" as an "asset"
from their own financials...
Almost no cash....

Other Assets
Real estate 1,367,818

but note the important part:
Long-term Liabilities
Convertible notes payable 612,299 (at current prices, they don't have enough shares authorized if converted - they just raised their share authorization, too, and still don't have enough shares)

Contract payable - real estate 1,319,747

- Compare the two in red....Note the "contract" basically is a liability so they can show an asset....LOL
Prove me wrong.

Market cap is 95% too high at current prices.