Replies to post #25450 on Aero Performance Products Inc (fka AERP)

[PASHA]

If MR.Green and his friends do own 350+million share and if MM's cannot make them shake then I am very sure that they have to cover very very soon.I feel like if I am $1000 down than these guys are down in 6 figure.Keep strong everybody

[BuffaloBill]

Can you post some info on Golden Gate? phone number, web link, etc...

[rmt28265]

How does that correlate to the information received from Andrew that he thinks GGI has already sold some of those shares?

[Sprycel]

MTG, so we have confirmed we have gone into a CD with GGC! The terms are a 20% discount to current share price issued in shares to GGC. Those shares then become fully tradeable! It looks like they have already settled out about 60 million shares to GGC for the $220,000.00 from previous management, which would make sense due to $220K / .004 (share price back then) = 60 million tradeable shares. That is what is being dumped into the market right now at a hell of a premium. Their gain our loss! Now the remaining $1.5 million loan is escrowed and we do not know what the repayment loan time frame is (6 months, 1 year, 2 years??) The current 76 million float can if all shares are sold by GGC for the first $220,000.00 loan will make the issued 132,000,000 shares. GGC selling 60 million shares at .03 gets them $1.8 million. The loan to us cost GGC nothing and in fact they make a hell of a profit! Now if they were shorting the stock from .06 knowing they would be able to fill the shorts because of shares they own, then they make 3 X's $1.8 million! Something ain't right here MTG! The company has to explain it to us because right now this is what I am seeing. Going back into the 14A it sure shows a difference of 60 million shares between the 2 numbers in escrow! Sorry for the post but I just need to know the rules of the game I have played. I own all shares without selling any!

[tally-whacker]

MTG,
How can it be that shares held in escrow for the benefit of GG can be unissued??
They HAVE to be issued to be placed in escrow account for crying out loud! The very recent 14A tells us that
"As of the Record Date, there were 5 billion shares of Common Stock authorized with a stated value of $.0001 per share, of which approximately 920,558,174 are issued and outstanding, with 4,079,441,826 shares authorized but not issued. Of the 920,558,174 shares issued and outstanding 780,678,923 shares are held in an escrow account for the benefit of Golden Gate Investors, Inc. These shares were issued as settlement on convertible debentures and as part of a stock purchase agreement."
The filing says clearly the number of AS the number of OS and even tells us the number of shares NOT authorized! for those who cant subtract. Reading this board has become exasperating, frusterating and....sad..
Are you saying the the filing made just a few days ago is incorrect???