AAPT | Can All American Pet Company Bounce Back Again?

After setting a new 52 week low right after the open yesterday, some chart trackers may be thinking that the penny stock of All American Pet Company, Inc. (AAPT) has finally hit bottom. Fresh of the Q filing, AAPT stock closed yesterday at the same price that 109,964,057 shares were sold at during the 6 months ended June 30. The once host of a nationwide viral marketing contest known as the “Cutest Dog Competition” may have the ugliest share performance, but even ugly can bounce when the price is right.

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Market Cap: 8.14M
Thursday Close: 0.007 ▼ -0.0025 (-26.32%)
Volume: 5,044,378
Dollar Volume: $34,121
Open: 0.007
High: 0.009
Low: 0.0052
Trades: 60
Authorized: 3,000,000,000
Issued and Outstanding: 1,162,818,233
14-Day Rel Strength: 25.51%
1st Resistance Point: 0.0089
1st Support Level: 0.0051

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All American Pet Company’s Q filing for the 3 months ended June 30 showed two improvements: an increase in assets from $883,901 on December 31, 2012 to $3,144,058 and a increase in revenues, 10X what the 6 months were compared to the same period last year. Besides those 2 points, the quarter was pretty poor.

However, it wasn’t until the start of Q3 when the Company announced that “Amazon sales of its current NutraBar™ inventories are blowing out the door!” Additionally, All American Pet Company also stated that their push to market their products to more than 25% of the 4,000 WalMart stores across the country to get Walmart dog owners to try their NutraBar™ could turn into big numbers.

Their survey reports that 58% of consumers who received an All American Pet Company product sample bought the product. Greater revenue numbers are the key to AAPT surviving at the .01 level since yu can’t make money giving away free products.

Besides the 109,964,057 shares of AAPT stock issued during the 1st 6 months of the year, another 74,001,104 shares at $0.007 were issued on subscriptions between July 1 and August 12. The $518,008 is about $210,000 short of what the general and administrative costs for the quarter were meaning more shares are going to need to be sold to keep the lights on.

As for a bounce, here’s what we see with AAPT stock:

Since December 31, 2012, the total issued and outstanding shares of AAPT stock has nearly doubled from 695,494,866 to 1,162,818,233 while the share price has dropped from 0.0245 at the start of the year to yesterday’s new low of 0.0052. However, during the course of 2013, AAPT stock has bounced 7 separate times for gains worth as much as 206% making yesterday’s activity a sign to watch for what is likely to be the 8th bounce of the year.

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About AAPT Stock

All American Pet Company, Inc. is a development stage company developing and marketing pet wellness products including super-premium dog foods under the brand names Grrr-nola® Natural Dog Food and Chompions® and antibacterial wipes and spray under the brand name Pawtizer™.

Click here to view the SEC filings for AAPT.
Click here to view the website for All American Pet.

Last 5 Trading Sessions:

Date Last Change Volume
08/15/13 0.0070 -0.0025 -26.32% 5,044,300
08/14/13 0.0095 unch unch 304,000
08/13/13 0.0095 unch unch 858,900
08/12/13 0.0095 -0.0004 -4.04% 2,047,800
08/09/13 0.0099 -0.0001 -1.00% 179,000


Bottom Line:

AAPT has a ton of shares out, but nearly 20% of them were issued this year at 0.007, the close from Thursday. Looking for a bounce on AAPT to the .02 level is like trying to teach your dog how order a pizza for you – it ain’t gonna happen. With the new low yesterday, there could be that 8th bounce ready to occur and a return to .01 or slightly better for a brief moment which makes watching it almost worth doing.

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