Replies to post #76262 on All American Pet Company Inc (AAPT)

[highstakes]

i wonder if the next report will include $$$140,000???
that could mean that appt brought in over $225,000 + whatever for the now to report q .... wow....... finally getting that number to $250,000 is HUGE...
AWSOME....
cash is rolling in and now the format will continue... we all talked about this over a year ago... when the company came out with the uhmm 6750 in sales.... ugh...
finally we may have turned the corner....

aapt wheels..

[doesitreallymatter]

As usual, AAPT made disclosure of this transaction as vague as possible. How was this transaction accounted for? Was inventory relieved? Was it recognized in AR and then allowance made for bad debts? Seriously, I don't think AAPT has ever used a disclosure checklist before.

If AAPT didn't recognize this sale in Q3, they won't in Q4 either because they are waiting until they get the cash. And, if they don't get the cash in the next couple of weeks, it won't be recognized in Q1 2014 either.

If the SEC reviews this thing carefully they are going to have plenty of comments.