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Andy3077

10/03/13 6:13 PM

#70099 RE: joep1 #70098

This board will be gone next year. I'm not sure how long ihub keeps bankrupt boards up. How are they going to survive, seriously? They owe so much in back everything, have lawsuits up the ying-yang, fraud and corruption everywhere. Even if some of it isn't true, there has to be a ton of it that is. And there's an abundance of it.
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doesitreallymatter

10/03/13 7:27 PM

#70103 RE: joep1 #70098

How could they not show improvement? They got outsold by a girl scout troupe selling cookies. Not the whole girl scouts organization. One troupe of young teenage girls with no marketing budget, no sales experience, and not in the worlds largest retailer for six months.

As for 2014, forget about stellar sales figures for a long, long time. You see, even if they had $25M in guaranteed sales orders just waiting (would never happen, but let's just pretend anyway since we are in fantasyland), they don't have the money to get the raw materials to fill those orders. (Forget about the additional machinery and equipment required to produce that kind of volume. And the labor to produce that volume. And the distribution channels. And just about everything else.) They couldn't get any kind of loan, hard money included, to save their life because AAPT can't show the ability to repay a loan, let alone pay "employees". And, B&L don't have any personal assets to back a personal guarantee. About the only option left is to get a customer to front the money. Absolutely no customer is going to put up money in advance for a product or company that has never demonstrated any kind of sales or operation success. AAPT could raise the authorized shares to a trillion and go for the record for most shares ever issued and outstanding. So, they got that going for them. See, I found a positive for AAPT.

Don't forget, there is an extremely good possibility that AAPT will show negative sales after WM returns most of what they have left. The only real question after WM dumps them is, how is AAPT going to repay WM the $50K to $80K AAPT will owe them. Not that WM would ever carry them after November, but if AAPT owes them money you might as well kiss WM goodbye and thank them for the contribution to the B&L charity fund.

With the legitimate threat of bankruptcy, if AAPT closed their doors would the pumpers crawl away with their tails between their legs?