Fair enough your post.
I am not here for entertainment but rather want to give a constructive opinion on a blog who is well split between downright negative and positive. As with many companies that did not perform for their shareholders you cannot expect kindness and affection. But there are 2 ends to it: If the pain is too much, sell, take the loss and walk away or if one is of the opinion that the worst is behind, stick to it. There is nothing in between. As a new comer I have the privilege to look forward . With the past, I automatically get confronted trough the E.G. case but for me this is nothing more than a closing chapter.
I have seen many companies going through all kind of waves; some made it big and some never. I know the saying is stupid but nevertheless I will quote it: you cannot lose more than 100 % but make unlimited on the upside. If you think of it is true.
I entered AAPT after the E.G. case and actually this is the good thing for me, because it guarantees me, besides other kind of DD possibilities, something you will not get very often. A screening of what took place. First you have the legal side looking into it and then you have, due to the replacement of the old audit firm, a new audit firm looking into it. What better can you wish? If AAPT should have done something outside what the SEC allows, we will have it on the table. However, having studied the reaction of E.G. who started the case, I must admit, I feel very comfortable that nothing will come out of it. Why: If AAPT really would have done something not according to the rules and regulations they would have closed this case through arbitration. As you know – they did not go for this, they went straight to the court. Surprised by this move E.G. wanted to have the case dismissed – APPT did not agree to it and finally, looking for an exit, E.G. wanted to have the case moved to another –more liberal court – and AAPT and their lawyers fought to prevent it and succeeded. Are you doing this if you have dirt to hide? Certainly not on the contrary, AAPT is doing this to get cleared once and forever. Good for them and good for the shareholders.
What attracts me to AAPT. Very simple, their products and the name All American Pet. This should not be underestimated if you want to build a brand in a market that makes an estimatd turnover of 22 billion. Having reached finally the production cycle and being in Walmart is for me the reflection point. As I mentioned in another post, it will be a bumpy raid this goes without saying, but having gone from so far and that far, I would say, they will make it and if it has to be, ending in the arms of somebody looking to enter the PET market from outside or from inside the USA. There are enough interested parties which could be approached.
Just to have it said again: I am not linked directly nor indirectly with AAPT - If I put money into a company and intend to put more money in the future, then I will do all what I can to get the information I need. And I have a certain kind of network based on my CV which can and is certainly helpful. If I lose, then at least I would like to understand why and not have to blame somebody else - if I am right and win, well then at least I will know I did the right DD. Time will tell - but the same rules are valid for any other company.
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