Seems a serious effort...
is being made to shuffle the UCC matter under the rug here.
Let's understand something.
1.The SEC and FINRA hadn't come down on Lehman before now either.
2.The SEC and FINRA hadn't come down on AIG before now either.
Clearly both had financial issues WAY bigger than ANYONE knew.
In Lehman's case, they showed nothing but profits Q to Q.
Here, in AERP, the situation is quite different. AERP has shown NOTHING BUT LOSSES.
The filings show a SIGNIFICANTLY SMALL CASH POSITION.
Everyone knows that LAST YEAR an 8K outlined David Richards and his role in a loan that partially saved Aero at that time.NO SUCH 8K HAS EVER BEEN RELEASED REGARDING A UCC WHICH TIES UP ALL OF AERO'S CURRENT AND FUTURE ASSETS.
Something changed between last October and now regarding Richards and his "relationship" with AERP. Either:
1.AERP defaulted on the terms of Richards's original loan.
2.AERP had no choice but to take another loan from him, but this time he forced them to collateralize with every asset of the company, now and going forward, until he's paid.
No matter what the reason, a UCC was filed, and Aero HAS MADE ZERO EFFORT TO INFORM CURRENT SHAREHOLDERS OF THIS FACT IN THE MONTH PLUS SINCE. (only a keen DDer here alerted the board to said filing)
A company that wanted to keep ALL shareholders (not just the couple here who choose to call and believe whatever they're told on the phone) abreast of the MATERIAL AND CRITICAL EVENTS occurring would have done so. Aero is not that kind of company.
They are NOT transparent.
IMO/FWIW
"Taking advice from known stock promoters is like telling a pickpocket where you keep your money!!!"
