They CLAIMED that this Cerner deal should clear "40%" of the debt... "APT has accepted an offer for the sale of certain non-core corporate assets that do not produce revenue and are not vital to operations or the Company's long term business plan. The transaction is scheduled for closing in September 2014. The proceeds are targeted for the direct retirement of debt instead of selling equity, which will result in improvements to the Q3 balance sheet, cash flow and operating expenses. The asset sale will result in a nearly 40% reduction of debt on the balance sheet. In addition, the sale of these assets will significantly reduce operating expenses." (7/23) http://ih.advfn.com/p.php?pid=nmona&article=63002277he p
I WONDER...will that be yet another "projection" in which Covey was TOTALLY WRONG???
You know...like his projections for revenue in 2014...LOL!!!
Even IF they do get enough to clear the 40%, that's a FAR CRY from the MILLIONS that people have CLAIMED they would receive... I believe the party line is 2.2 Million x 18 acres...LOL
Total liabilities 29,399,558 including Total properties debt $10,817,241. That was for June 30th. So add fines, motoped and whatever else since. They sell their land I'm thinking paying off their loans and taxs wil l be about 40% they claim will be paid off. There will be no money left. Don't know where they plan on moving too. That's not Cerners problem nor is 20 mil in lab testing equipment.
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