Replies to post #53 on AJAY -- Ajay Sports, Inc. (fka AJAY)

[twitinmich]

unfortunately, it's got to be Itin converting stock that he acquired from Williams Controls that he never should have acquired - self dealing, as Williams had wirttien off all the Ajay debt 9see Williams SEC filings) and instead Itin negotiated an agreement to acquire the debt and preferred that Williams owned. So not he finally converts it to common as he never wuld have been repaid anyway. I say - ignore the "net income" and focus on the substantial reduction in revenues - this company appears to be headed downhill. Likely - poor management.....why are revenues going down when they've sold so many new franchises? Royalties should be going up as new stores open!