Replies to post #4485 on Apple Rush Company Inc (APRU)

[tusambolo]

I hate to hear all these bad report from the turtle but a company that doesn't have a web site nowadays can only be a scam I hope I am wrong

[sojourner]

LOL The trading today is trivial! Some poor dupe threw 340 bucks into the black hole known as APRU.

The Black Hole of APRU:
Apple Rush Co. sales have been collapsing for years running. In Q1 2011 they had net sales--a trivial $2,700. Yet they paid Q1 compensation to the scammers of $80,000! They paid $950,000 in compensation to the scammers in 2010 though they had only $25,000 in net sales for the whole year! And that's old inventory. There's no production and no sources of external funding. No assets to speak of. About $5Mil in debt, most of it in default. Ongoing massive dilution (100Mil per month rate) pays their bloated salaries. The only "growth" is in A/S, O/S, net operating expenses ($1.3Mil since 2010), salaries ($1.03Mil since 2010) not to mention the $1.2Mil in lawsuit liabilities (~$645,000 already awarded by the court against AR).