I have been a big supporter of AAPT but, the most recent actions have changed my beliefs. First, the increase in A/S is not a good thing. Another company I'm in invested in did the same thing and there was a massive sell off the next day, even though they still haven't issued any of those shares. So, expect the same here. It is all about perception.
Also, it is how AAPT did this, late in the day on a Friday without a formal statement. Looks like they are trying to hide something.
There was an earlier post in which someone talked to Joel and he said that the 2012 y/e financials will be out on 6/15 and the first quarter will be out sometime later. Great!! The company is still not in compliance!! Therefore, how can you sell new PP shares (never mind the existing PP holders) if you can't get them deposited into your brokereage account due to lack of reporting?
What started out as a positive venture my myself, family and friends has turned into something very negative.
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