Replies to post #31816 on All American Pet Company Inc (AAPT)

[sagan]

OR, they can collect 100,000K per year holding on to the notes.

[HeyItsTheChad]

I misread that. I guess I assumed it didn't mature until 1 year later, but it looks like they are forcing themselves to "get paid" and issue more stock BEFORE March 2013, if I'm understanding it.

Can you decipher the other conversion notes in the 8k? Does it let them adjust the PPS they issue the shares at? I don't fully understand that part.

[False Prophet]

That's, potentially, ~100% DILUTION (from the last known OS).

Or potentially 0% dilution. Either way, I believe it better that the founders of the company hold the shares than a toxic financier. At least we know that if Barry and Lisa sell the shares, and I quote, "The proceeds will be used for general working capital."