Replies to post #4581 on Apple Rush Company Inc (APRU)

[sojourner]

APRU has burned thousands in successive waves since it was spun off from that dog RSHN which once had 5000 hapless shareholders. In that farce, shafted RSHN holders were then steamrolled when "gifted" 1 restricted (one year) APRU as dividend for each 896 RSHN. See details of the bait and switch: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=66327949

The APRU story is one continual con. The pattern is a familiar one: suckers lured under false pretenses, take APRU bait, get clobbered. The AR casino has been carefully rigged over the years to make sure insiders win heavy and players lose their shirts and run away squealing.

LAWSUITS
Courts have gaveled $644,000 in judgments against Apple Rush Co., Inc. to several plaintiffs for breach of contract; another $900,000 in damages is sought in pending legal lawsuits against Apple Rush Co. Inc.

CURRENT DEBT and LIABILITIES (As of 31 June 2011)
Accrued interest (defaulted) -$536,329
Convertible notes payable (defaulted) -$1,270,993
Long-term debt (non-convertible; defaulted) -$232,114
Other payables (defaulted) -$106,058
Short-term notes (non-convertible; defaulted) -$100,000
Trade payables (defaulted) -$567,731
Total liabilities -$4,523,913
Accumulated losses ($6,527,690)

Quick Summary
1) No ownership of Apple Rush brand/trademark; CEO Corr is sole owner of said brand/trademark; AR is a marketing company for CEO,
1a) Over 100,000,000 per month ongoing dilution (average); O/S 1 billion running, A/S just doubled to 1.5 billion,
2) Microscopic 2011 sales are trivial draw-down of old inventory; no 2010/2011 production cited,
3) Apple Rush Co. (APRU) "Not in good standing" in Texas, its primary state of incorporation; AR cannot legally transact ordinary business in USA;
4) Apple Rush Co. (APRU) corporate status revoked in Illinois, its headquarter state,
5) Courts have gaveled $644,000 in judgments against Apple Rush Co., Inc. to several plaintiffs for breach of contract; another $900,000 in damages is sought in pending lawsuits against Apple Rush Co. Inc.,
6) AR distributor (subsidiary Garden Distributing Inc.) dissolved,
7) No Chapter 11 bankruptcy protection from creditors and litigants which are owed ~$5 million by the firm,
8) No protection against future lawsuits,
9) AR chief legal counsel an ex-convict (did time for fraud),
10) AR's IR/lender (Big Apple Consulting) charged by SEC with fraud, issuing false press releases, and selling unregistered shares in connection with another client,
11) Lender/IR Big Apple Consulting is converting a $95,000 loan into 950,000,000 free-trading shares,
12) Multiple lenders can convert their "death spiral" convertible loans (~$1.2Mil) into ~20 billion shares of free-trading APRU based on current market valuation.