Apple Rush Company Inc (APRU)

[grantastic]

What does this $755k refer to? I haven't seen any APRU disclosure mentioning it. (it might exist, i just haven't seen it).

It's plausible that Lena is a viable operating business. If so, I wonder why would the owners want to sell it to APRU. Tony's been jerking this particular acquisition chain for 2 years now. If the owners are ready to sell, they've have realized by now they're better off doing it the normal way: sell privately in 4-6 months without all these games and drama.

The privary reason Lena owners would go through all this headache is if inept APRU ceo offered to pay drastically above market value for Lena. (Such over-market valuation certainly could be net of Lena have large debts the owner wants to escape from).

We can expect an acquired Lena to go down the tubes because Tony brings his magic money-losing touch to every other business APRU has acquired. Overpaying for a business and/or taking on giant debt would only hasten the effects of mismanagement.

If there is a rumour spreading that some angel is going to swoop in and donate a big bag of cash to APRU for "control", that seems only marginally more likely than the fairy tale people were telling years ago that Jason "multimillionaire" Atwell was going to invest his own money in APRU.

if true, it can only improve APRU's financial prospects to have Tony replaced as controller. I wonder how the "Tony is the only one with enough business genius to make APRU into the next Monster" crew would react to such a change of management.

If/when they close Tony will become……

a puppet most likely, and hopefully with a muzzle.

Whoever put up the $755K will likely control APRU until he gets a ROI, but possibly until he decides he wants to sell control. Tony is not acquiring anything.

I think the issue now is the assumption of debt held by Lena.

The brewery can operate without Tony, so I see no reason for it to go down the tubes. To the contrary.

But, but, but,……what does Lena owe the bank?

The ultra sensitive resident visitor to Lena showed me the brewery has good local support, so I’m not sure what kind of collateral or guarantee the bank needs.

One would think the brewery itself is sufficient collateral.