Replies to post #319 on Aerius International Inc. (AERS)

[cyberbullymouse]

Also notable is that AERS is a long-running scam based on phones that never manage to see the light of day, for years now.

Bill Luxon has been milking this shell forever.

[Cassandra]

AERS is shown as "Limited Information" as of today -- not current: http://www.otcmarkets.com/stock/AERS/company-info

Trading volume has only increased because of repeated touting posts: http://investorshub.advfn.com/boards/msgsearch.aspx?searchstr=AERS

There is no news: http://ih.advfn.com/p.php?pid=news&symbol=AERS

[sabay]

Yeah, Cheeky... nice DD.


"Major sales taken place in Various Key Countries."
Who are you kidding?
What sales? Sales of what?
Bill Luxon hasn't replied to emails for 6 months.
Call them and you always get an answering machine. There are no phones to sell because there is no money to make 'em.
There are no real agreements = only lies & false PR releases.

"$2.5 million in Assets"
Nice DD? If you look at the balance sheet for the first quarter of 2012 you will see that this is all 'start-up' costs. There is obviously no inventory.
Cash on hand = $5324.00 !!!

If you do real DD you will find that Bill Luxon once had over 70 million shares, but has sold 50 million. The "tiny float" has doubled over the past year. Bill is dumping his shares... why? Is he getting ready to give up? How many years, how many promises?

DD in this case, with Bill Luxon selling his shares = "damage dump"

[Cassandra]

The AERS balance sheet is bogus! Bill Luxon improperly claims over $2.4 million in start-up costs as an asset (and a "current" one at that). He also falsely claims a patent as an asset, however all intellectual property (including patents and patents pending) was sold to a private corporation also owned by Luxon in 2009: http://ih.advfn.com/p.php?pid=nmona&article=40517988

Regarding start-up costs:

Entities should expense start-up costs as they are incurred.
Resolved: Start-Up Costs Are Not Assets

IN APRIL 1998, THE AICPA ISSUED SOP 98-5, Reporting on the Costs of Start-Up Activities. It applies to all nongovernment entities most of which are required to adopt it for fiscal years beginning after December 15, 1998.

The conclusion seems simple enough: The costs of start-up activities, including organization costs, should be expensed as they are incurred.

Excerpt from: http://www.journalofaccountancy.com/Issues/1998/Jul/accapps.htm

The only asset Aerus has is whatever cash is in the bank accounts, which at 3/31/12 was reported to be $5,324: http://www.otcmarkets.com/financialReportViewer?symbol=AERS&id=83790

Embellishing a balance sheet is considered accounting fraud and is actionable by the SEC.

Note also that the company has no income whatsoever.