Replies to post #59640 on All American Pet Company Inc (AAPT)

[Pitt Bully]

Check the sept 10q. A 371k salary advance to officers appeared that year. The only source of cash was from the sale of stock. Therefore, those salary advances were funded by investors. To my knowledge AAPT has never explained why those salary advances were made or how us shareldors were better off since they were done. I believe salary advances that are not very short term are illegal since Enron. Although I believe there are sales this year, there isn't anywhere near enough cash to buy any shares back.

This is all the proof I have. What proof do you have that I am wrong?

TIA for the mature discussion.