Replies to post #74615 on All American Pet Company Inc (AAPT)

[doesitreallymatter]

You can argue the expiration date all you want. You can even laugh at the notion of tainted products.

But, the reality of it is that the purchase of $750K of inventory without having a sales contract or even a PO is complete idiocy. Now AAPT is stuck trying to get whatever they can from inventory liquidators. That $700K of inventory on the balance sheet at June 30, 2013? It will be gone by June 30, 2014, with probably $50K in sales to show for it and a write-off of $700K. That's not some non-cash transaction like options or warrants. That's pure cash. Brilliant.

Barry should really consider changing his name to Wile E Coyote, super genius.

I like how you tried to compare AAPT to other pet food manufacturers. When you've only got sales to end users of like $30K to $40K it's easy to fly under the radar. Those other pet food manufacturers probably throw out that much monthly from quality control.