LouisDesyjr
10 years ago
Not sure why directors/officers keeps buying
At first I thought that something must be wrong, but I did find at http://finance.yahoo.com/q/it?s=AASL+Insider+Transactions
It shows a number of buys are prices higher than what it is trading at today.
Also found an 8K report where they are going to delist later this year.
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10038632-1068-7801&type=sect&TabIndex=2&dcn=0001144204-14-036231&nav=1&src=Yahoo
If they stopped taking such a large salary, they might break even, but they are never going to be any profits for shareholders, plus it is not clear if they can ever cut expenses to the break even point.
Even Amazon (AMZN) is still not turning a profit on operations according to the latest quarterly report.
At best, I expect the company will continue on providing jobs for its employees, but it is never going to grow because there are no profits to grow with. I expect that at some point the company will just 'fade away', as the lack of profits make the company unable to replace old equipment or invest in any new equipment.
I expect that over time that something will happen where they need more capital to replace something lost or worn out, and not be able to.
Louis J. Desy Jr.
LouisDesyjr@gmail.com
Big Brother
10 years ago
Seems like pretty thorough well thought out response, not sure I agree with this 100%, because this strategy clearly hasn't been working for em', however, it's still nice to see they communicate directly with shareholder inquiries so well. I wish more OTC companies communicated this well, I've lost count how many times companies have completely ignored my calls and emails....it actually the norm anymore, I'm more surprised when I do get a response.
Since I have been following this I kind of got the impression that they are one of those companies that thinks if they keep doin' what they are doin' that the stock price will take care of itself. Unfortunately it doesn't always work out that way, especially on the OTC.
Whatever the case I do like this company, just wish they would issue a PR every now an then to at least try to get the word out.
bb72mo
10 years ago
Here is reply that I got!
Benjamin -
First off, I'd like to thank you for reaching out to Marc and myself (I know you originally were attempting to contact Mike Moore, but I replaced Mike in July of 2013) and we appreciate your interest in America's Suppliers. It is the company's philosophy to let our performance be our selling point; we believe that as we strengthen our core business and develop new concepts that take advantage of the constantly evolving world of e-commerce that our results will speak for themselves.
With that said, there are a number of ways the company goes about promoting itself to the public. For example, you've already mentioned Dollar Day's strong presence on Facebook and our President, Marc Joseph, is a regular contributor on the Huffington Post (here is a link to his most recent article). We also run several programs throughout the year that give back to the community, either directly to those in need or by partnering with any of the many non-profit organizations that we are proud to call our customers.
While none of this adds up to direct promotion of the stock, we do feel that the approach of engaging the community and focusing our efforts on driving business results will ultimately drive more permanent and meaningful value for our shareholders. We like to think that some folks are beginning to take notice given the performance of our stock over the past 6 months, and we're confident that this approach will continue to resonate as we move through 2014.
Thank you,
Jeff Dorsey
VP, Finance and Operations
DollarDays International, Inc.
480-922-8155, Ext 105
Big Brother
11 years ago
Pretty much every decent small and mid cap, public company in America, that gives a crap about their shareholders or creating an active market for their stock, has an IR/PR firm.
For that matter even those large corporations who do not have their own in house, dedicated IR/PR personal, outsource their Investor Relations.
For example Ruder Finn in an Investor/Public relations agency who works with clients like...
Caribou Coffee
Johnson & Johnson
Kraft Foods
Microsoft
Novartis
PepsiCo
Pfizer
I guess you would be 'suspicious' of them as well??
Big Brother
11 years ago
Yeah, I like these companies like this that are 100% real and 100% verifiable, those that operate out of an actual office and not just a mail drop, virtual office, somebodies house, etc, etc like the majority of other penny stocks out there.
Unfortunately in pennyland it's all about awareness and AASL has none and makes no effort to generate any. They have no IR firm to speak of, they release no news, hell they don't even try reaching out to their 150K Facebook followers to create awareness.
Fact is the company doesn't care about the shareholders or the stock price whatsoever. I guess they think that the share price will take care of itself as their financials improve but when no one knows about the company, no one is looking at the balance sheet...lol.