Replies to post #25371 on Aluf Holdings Inc (AHIX)

[PhilCheeze]

Calrod, godspeed to you and yours! We all are very appreciative for your sacrifice. WAFR has merged and the new company now called CoreWafer Industries is about to unveil a large backlog of news and filings. We are about to see WAFR go on a massive long term sustained run to 1000-2000% higher PPS. Its not gonna happen overnight but its going to happen. Whomever is short had better cover now rather than later, especially if they want to avoid financial disaster and bankruptcy.

Cheers,
PC

[Maria56]

"This we know is incorrect because the Q1 and Q2 showed profits from the trucking company that is "not operating" according to the DOT web site."

Are you sure? Suggest you read the Q's very carefully. I see no indications that NEEL brought in any money.

What I do see is this:

On March 26, 2010 the Company’s wholly owned subsidiary, Northeast Expedite Logistics, LLC (NEEL) entered into a Promissory Note (Note 3) for various cash advances received from a related party totaling $114,200 with interest at the rate of 20%. The Company disputes the validity of the amounts claimed and therefore; as of June 30, 2012 the Company had not made any payments.

20% INTEREST??!?
Yikes!

But wait, there's also this:

On May 30, 2012, the Company issued 515,000 shares of Series B preferred stock in connection with the acquisition of Northeast Expedite Logistics, LLC (NEEL).

Perhaps that was payment on the loan. (And probably sold while APII/WAFR was still near its high.)

The Q2 also states:

Logistics & Transportation: Northeast Expedite Logistics, LLC (“NEEL”) is a provider of global logistics services operating which includes a domestic service center and exclusive and non-exclusive agents. The Company’s customers include retail and wholesale, electronics, and manufacturing companies around the world. With industrial production increasing year-over-year, the shortage of qualified drivers and trusted shipping partners is apparent in mid-markets for local deliveries. As the economy improves, orders for delivery and logistics increase. We provide foundational shipping and coordination services between suppliers and destination businesses and warehouses, and we operate efficiently through cloud based tracking and E- logistics.

And they do it all without even maintaining a WEBSITE?? Their business is all word of mouth, I guess.

As for income from NEEL, I find nothing in the spreadsheets. Maybe you can show me where this income from NEEL shows up? All I found what this:

We have financed our operations primarily through cash generated from the sale of our stock and loans to the Company.

And since this

Total sales for the six months ended June 30, 2012 were $224,520

matchs the Gross Sales line in the spreadsheet, I'm fairly certain that APII/WAFR is running on the fumes from the sale of stock, and NOT from any income from NEEL.

NEX Global USA isn't even mentioned in the Q2 despite the fact that Gary and Theresa and APII show up on the Florida filing in April as ManagerMembers (i.e., owners). Why is that? Why don't they want shareholders to know? How did they acquire it?

Personally, under the circumstances, I would be inclined to believe the DOT. If NEEL is operating under another name, I'm sure the DOT would like to know.