AppTech Payments Corp (APCX)

[crooked33]

bottom line is that their operating costs are 100% more than their revenues...which means big losses for the foreseeable future...this is why the stock won't budge...the only folks buying are the ones you are flogging this stock onto...

and BTW they only have $2M of the $10M in cash...

Cash $ 1,906,199
Trade accounts receivable-net of $23,451 allowance for doubtful accounts 2,249,312
Notes receivable 1,946,221
Inventory-net of allowance of $248,555 2,526,807
Investment in marketable securities 362,000
Due from affiliate 874
Deferred finance costs 150,475
Prepaids, accrued interest and other accounts receivable 1,181,936
Total current assets 10,323,824