AppTech Payments Corp (APCX): DesertRat, You got it. Have been foll...

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Thirsty Tiger

Re: DesertRat1 post# 10

Tuesday, 12/14/2004 9:27:22 PM

Tuesday, December 14, 2004 9:27:22 PM

DesertRat, You got it.

Have been following HEXS for over a year now and owned it briefly when in the 50 cent range and later in the 10 cent range.

The divesture of their own restaurant was announced last spring. HEXS was loosing money on it and as I remember it the rental contract for the space expires end of Jan 2005.

Problem is, unless HEXS sells a lot of franchises, there will not be any revenue. HEXS is also in default on a February 20, 2004, $500,000 promissory note. and how do you think HEXS will resolved that??? Sale of more equity securities no doubt.

This thing is good for a swing trade now and then but thats about it. HEXS will have no other revenue until the sale of additional franchises except for the 3 and 4% franchise fees off the restaurant gross receipts. That's not going to cut it

TT

"You can't be a real country unless you have a beer and an airline - it helps if you have some kind of a football team, or some nuclear weapons, but at the very least you need a beer". F Zappa