James: To tell you the truth, that letter scares me. It sounds like Dan (the CEO) is a lot like many RB posters. He wants to blame shorters and profit-takers for this stock not being able to hold a PPS over .04. Meanwhile he fails to mention that over the same time period it's brushed .04 and retreated, he's diluted the shares from 29 million to ~200 million. Dilution is the reality, not over-hyped shorting and profit taking.
He's been holding this financing "card" for a while, the letter states AACS requires an appropriate share price to provide the catalyst needed to secure favorable funding in order to reach its potential and awaken th sleeping giant". Are we not to get the financing he's been telling us about if we stay at .02 - .04? Hmmm......
I was looking for the financing deal to send us back to test the .04 range again. Now it appears the release of the 10k coupled with Dan's talk of forgiven debt should be the next new announcemnt that might allow PPS to climb a little. I hold over two million shares and am seriously thinking of dumping a lot of them very soon. I traded for them over the last 18 months, cost basis is zero, I want to take my profit and run.
I live near IMW/Chariot and have visited the Chariot plant, it has not changed much since we owned it. Dan stated Chariot would "conservatively" make $1 million in annual revs in it's first year, the 10k coming out either tomorrow or next week will show half that, maybe less. They went to Daytrona Bike Week this year, the woman at Chariot said they did well at Daytona this year and do not plan on attending any other bike shows this year (they went to Myrtle Beach and one other place last year). That tells me Chariot is going nowhere again this year. They have no capacity to mass produce the trailers and need serious financing.
