All American Pet Company Inc (AAPT)

[Pitt Bully]

No buyout. Strategic investor would make their own version of AAPT products than buyout AAPT. Purina could make and market a similar product in 3 or 4 months for less than a million bucks. Negotiations with AAPT would be twice that long and there is no risk of all the AAPT liabilities popping up. If AAPT got a buyout offer, the IRS would do a total audit and who knows what additional taxes, interest and penalties would be owed. The default stipulated judgement would be triggerred and several other vendors and employes would press claims previously unpursued because there was no credit worthy defendant. A buyout will never happen unless it is a liquidating buyout of AAPT assets in chapter 7 bankruptcy.