Replies to post #2925 on Prospect Ventures Inc. (fka IVAP)

[doogdilinger]

LMAO Titan...does this quote from Sam Hafif prez of Concept One Apparel qualify as fluff IYO?

"Sam Hafif, President and Founder of Concept One, stated, "We love the combination of Gene's in your face style, and Jason's edgy design. The board culture is bound to adopt MoneyBag(TM) as their new counterculture lifestyle brand. Concept One is excited to be part of the launch of this brand. We will be launching tee shirts, hoodies, and headwear for the Fall/Winter 2009 Season, followed by small leather goods, bags and other apparel categories."

The Concept One PR from the beginning of May 2009 basically means Dussault just struck a deal with one of the HOTTEST rising apparel & accessory co.'s in the United States of America...as Concept One will be carrying several of Dussault's collaborative Gene Simmons MoneyBag product lines in the fall/winter '09 season...so please explain how that equates to fluff Titan as I'm sure we're all ears(well eyes in this case)!!!

Wait...b4 you bother expanding on the supposed fluff...perhaps you'd be better served to begin your due diligence on Concept One by beginning with this link below...as Concept One is listed as the #19 ranked Company on the 2008 HOT 100 List for the Fastest-Growing Businesses In America...which in this economy is sayin' somethin':
http://www.entrepreneur.com/hot100/details/200819.html

And while your at it do some due diligence on Gene Simmons and his MoneyBag line...Gene Simmons didn't generate over a BILLION dollars by aligning himself with fools:
http://www.genesimmonsmoneybag.com/

And here...you might be interested in reading these personal comments from Gene Simmons himself & what he had to say about Jason Dussault last July...especially in light of the recently announced deal with Concept One which should considerably ramp up the MoneyBag growth curve from here:

Dussault continues, "I have always looked up to Gene as a role model. My teenage dreams became a reality when I got to meet the man himself and we hit it off, the result being the MoneyBag[TM] label which we launched in May 2007. We have established a very close friendship and working relationship and my respect and admiration for his business acumen goes up each time I am with him. I am very excited about the MoneyBag[TM] line and the new directions we are expanding into with it." www.genesimmonsmoneybag.com

Gene Simmons has owned the trademarked MoneyBag[TM] logo for over 25 years, and uses it on his magazines, book imprints, record company and other areas. Until he met Jason Dussault, he held off on going out into the marketplace with a street wear line. Simmons comments, "It has to do with finding a kindred spirit. And, Jason is it. He and I share a passion for only doing things in life that mean something. Together we are creating cutting edge, in-your-face fashions that were launched in the US at the Dussault Melrose store opening in November and Gene Simmons Family Jewels was there for the party."
http://www.allbusiness.com/entertainment-arts/broadcasting-industry/11400346-1.html

[jimmenknee]

In all fairness, there is an actual interesting opportunity here Titan...

(All figures rounded)

Read the filings-- they do not have a lot of paper debt-- little over $28k

PSR on projected annualized revs @ $1 mill amounts to 4.3

Their Quick Ratio is a favorable 7.0 and their Current Ratio 8.9; Debt/Equity is .05

They do have an operational cash flow problem and a stated need for approx 250k to finance thru FY 09.

The fly in the ointment this go around appears to stem from the company fin guy's (Jason Sundar) buying of probable treasury shares and then turning them around in a suspicious "gift" transaction on 5/8 to allow for possible resale by the gift-ees as opposed to the 2mill REG S shares he got on 4/15 (which are restricted). (Don't know where the other 250k shares went to.) ( http://www.secinfo.com/d1BMSa.s3.htm )

And then you have former CEO Terence Fitzgerald's shares to deal with in about a month. ( http://www.secinfo.com/d113j2.t3p.htm )

Opportunity here fundamentally (albeit the 5% royalty off a ~ 7% commission for services is pretty silly to "promote") as marketing begins to pick up. ( http://www.secinfo.com/d1Ze2u.s1R5.htm )

Concept One generates ~ $5mill annually ( http://www.manta.com/coms2/dnbcompany_89vhp7 )

According to the latest Q, DUSS could generate $1 mill by EoFY 09 (10/31/09).( http://www.secinfo.com/d1Ze2u.sT1.htm )

I think this highlights the legitimacy of a company and its potential, pitted against a liquidity generating promotion campaign. Given historical records, the odds are the latter will be abused and the eventual result will be either slow bleeding drift or impatient seller(s) steeper decline :-(