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Wednesday, April 16, 2008 12:42:13 PM
The accountants and auditing firm are working on the audits as we speak. We will be notified the moment they are published. Following that date, API will be more in control and intends to file a registration statement with the SEC thereafter. At that point, the waiting begins again, as we wait for the wheels of the SEC to grind and process the request. Once the SEC registration is complete, API will be able to apply for a listing on a major exchange. With P/E of 2.5, 2007 earnings of $2.5 million and $15 million revenue, I have no doubt the company will be picked up by AMEX or even Nasdaq. They would be foolish not to; everyone loves a winner. I will continue to push for guidance for 08, however, the CEO is loathe to risk putting forward looking statements out there. It can have dire consequences, so for now, he is taking the high road and letting the facts speak for themselves.
This much I know for sure: CEO Daniel McKinney's number one priority is to grow the assets and increase shareholder value. I have his personal assurance on this and I find him to be straight forward and sincere.
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