APLL-I would not expect much in the near future, short term, from this positon. The bounce is simply due from a dead spot in the chart.
As of February 10, 2005, the Registrant had 54,200,014 Shares of Common Stock outstanding. In addition in February 2005, the Company sold 671,425 unregistered common shares in debt settlement at $0.07 per share and 150,000 unregistered common shares for services at $0.09 per share.
Look for a S-8 or 504 around April
The Company has limited cash to finance its operations at the present time and recognizes it must raise additional funds to sustain production at its' mill site in Sumatra. It expects to complete its assessment of the vein in the adit by the end of March, 2005 at which time it will advise shareholders of its plan for development in this area. The Company intends to raise additional funds through private placement financing and/or additional loans from its shareholders and directors.
-F-