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AAAB.OB |
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I Just heard about this company that went public (July 5) and when I looked into the details I discovered something that looked a bit odd so I thought I'd post it here before the history on it got changed.....
assuming its real of course: (source: publicfinancial.com ) Apparently there is a company that helps other companies go public:
"AAA Best Car Rental recently had its registration statement declared effective for its initial public offering. AAA Best Car Rental Inc. began their operation in the car rental industry since April 2010. Their goal is to provide patrons with domestic used vehicles. These vehicles include the Ford Taurus and Focus as well as the Buick Le Sabre and Cheverolet Impala; just to name a few. Their daily car rental price is about twenty dollars per day. The company also plans to get involved in the resale of insurance. The main source of operating revenue will come from the fees charged for renting a car and the resale of insurance. The company will continue to add to their fleet of current rental cars over the upcoming years. However, for now, the company contends that to maintain profitability, a minimum of seven cars are needed with one sales person on board. The company hopes to generate enough profits in the six month of doing business to guarantee that there will be future car purchases. The amount of rental cars owned by the business will depend solely on the revenue generated. Currently, the company has created a business plan to include how they will go about achieving these results. They have gone into a referral agreement with two distinct auto body repair shops that with compensation, they will receive client referrals."
So the question then is how many rental cars are in their fleet now. Especially now that they are a public company.
more info on the company: biz.yahoo.com or finance.yahoo.com
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