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Yes, that seems correct
The agrees to a "contract" or loan to buy said real estate.
The claim it as an "asset", even though they don't really own it.
This is done all the time, but one just has to be aware that it really isn't an asset until they "own it".
But said real estate's valuation could increase, either by improvements or that they get an ass4essment by a 3rd party.
No reverse split just yet
I believe they first have to not have the huge yield sign (not current) on OTC Markets
They are not current, either Blah Blah - not good news
Warning! Limited Information
OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11. The Pink Limited Information tier may include companies that are delinquent in their filing obligations with the SEC, a foreign exchange or regulator, or under the Pink Disclosure Guidelines, as well as non-U.S. companies listed on a foreign exchange that does not require English disclosure and do not certify their compliance with SEC Rule 12g3-2(b).
Make sure you look at their financial disclosure (beware).
Also, note the assets vs liabilities - they claim a "loan" (real estate contract) as an asset, but also claim the loan(contract) as an asset.
Looks fishy to you? Well, it is allowed, but a BIG RED FLAG.
Other Assets
Real estate $1,367,818
Long-term Liabilities
Convertible notes payable $639,360
Contract payable - real estate $1,302,854
AAPJ seems like a scam to me. They do cryptic X posts, it seems, when they are about to dump huge volumes of dilutive shares.
Quite the pattern there.
She was already dumping into the hype by some posters.
First they will dilute to 300 million shares.
Then 3 billion shares.
They have issued more shares than authorized in the past.
Whu would they stop now.
AAPJ is indeed a dilution nightmare.
They don't even have a business model.
The President does not deserve $240K/year while they are still trying to pay-off the last bungling officer/lawyer, who was also getting $240K/year.
That when they didn't even bring in enough money to pay even one employee (for years).
MM's just trying to make a market and helping to facilitate buy orders, sell orders, and toxic financiers' dilution.
If the stock price drops too fast, AAPJ will likely put out another bogus hype X post to try to get gullible investors to buy shares being dumped.
Likely dilution. This is part of their toxic liability.
Convertible Notes Payable, in Default $ 278,831
Plus, they have around $1,800 in total assets.
You mean different as that they have little assets and almost no money coming in? I saw that.
The frontloaders always dump shares after or during the time they've found enough gullible bagholders that don't do DD on just how terrible AAPJ's financial condition is.
If they can hide their dumping, the gullible get caught holding the bag.
Just ask the so-called chartists (fake). On other boards they admit that they are already dumping while the gang is still hyping and trying to find those to stick their shares with.
Mostly selling and dilution again today?
lumpy Pillow man (company Secretary) Lindell who doesn't pay his bills needs money bad.
No, only for scams or POS companies that claim "contracts" as assets, then claim those same "contracts" as liabilities.
It is ok to be curious.
Maybe try looking at their financial disclosure and massive dilution track record.
They don't even bring in enough money to pay even one minimum-wage worker's wages.
Yet an officer is paid $240K?
AAPJ = Tax Delinquent
Yes, massive dilution happening now.
Remember last time they raised the share auth to 3 billion shares?
They had already issued much more than their previous share authorization - they actually illegally issued unauthorized shares.
Didn't see the specific filing for this in Wyoming, but I now see it is 300 million shares.
It was 100 billion shares this morning.
Still pretty much flat broke, but no worries.
Lindell is having so many financial problems - good thing he was only named as the Secretary.
No, the voting only needs to be voted on by the majority shareholders (preferred shares have super-voting rights), not common shareholders.
Yes, they have to file for it in Wyoming, but they do not have to tell investors it is happening until it shows up on the "daily list" and shares are locked-up for most common shareholders until the post-split shares are available for trading at brokerages.
Toxic financiers will be able to dump before most common retail shareholders, thus they get trapped and can't sell as the share price tanks once again.
AAPJ's only assets are said to be a real estate holding (contract). But it is also interesting that this same amount is actually a debt (liability), too.
Look at their financial disclosure. They are almost flat broke.
Massive dilution - beware of the dumping
and note that INCTD decided to keep the share authporization at 100 billion shares. It is going to get worse. As the share price drops, even more shares will need to be issued to accommodate getting the same $ of toxic deathspiral convertible financing.
Can you imagine as the share price drops closer to $0.0001 how many shares will be needed for each tranche of toxic financing?
Plus @realMikeLindell (lumpy pillow guy) just got sued by another company (DHL) for almost $1 million in unpaid shipping bills.
)
AAPJ - Delinquency formal notice sent (for taxes)
Delinquency Notice - Tax - 2024-005263063 Date: 09/02/2024
Massive dilution. Waiting for the reverse split, but I'm guessing they need to make it a surprise so investors have no advance notice so they can trap them and not allow them to sell for a few days until the post-split-adjusted shares are available to dump.
No, IVCTD lumpy pillow guy has been evicted from more than one and owes $ for rent on others.
Likely more layoffs.
I agree, they basically wanted a penny stock that they can use shares as their piggy bank.
Shareholders will be the real losers.
The previous company, before the Reverse-merger, had 72 billion issued/outstanding shares.
They kept the share authorization at 100 billion shares, because they will dilute this (and any shareholders) into the ground.
Wow, massive dilution underway
And they kept the share authorization at 100 Billion (yes billion) shares.
As the share price keeps dropping, more dilution will occur because more deeply-discouted shares will be needed to generate the same $ of toxic deathspiral financing.
Plus, the serial-court loser Mike Lindell (the lumpy pillow guy) will need to dump holding because he owes one person over $5 million and has no money. He also is facing being part of lawsuits going after $billions for defamation and says he only has a truck and a house left for assets.
Soon to be stuck on no bid, $0.0001 ask
Brought to you by "massive dilution and little to no revenue coming in".
Total assets $1,811
Ouch. May need a reverse split
Authorized shares = 100 BILLION SHARES.
Gonna dilute and pollute so shorts don't have to cover.
Shorting this one into the ground?
Looks like the INCTD lumpy pillow guy Lindell is in even more financial trouble.
Lindell’s financial troubles worsened when Extend, Inc., a California-based company offering product protection plans, accused him of not paying $564,151.39 in outstanding invoices.
Extend alleges that Lindell, who previously claimed to have only his house and truck left, promised to pay but never followed through.
I agree it is not. But what else are they going to tell you?
They have no money and their only currency is shares.
If they just raise the share authorization to 10 billion shares and the share price drops below $0.0001, with a 40% discount for share conversions, the toxic death spiral financing won't allow any common investors to sell, because most can only sell at 4 decimal points, while the toxic financiers can convert lower and hope to sell at $0.0001 or higher to lock-in profits.
Plus, if they convert at $0.00006, it will take a massive number more shares to get that same $ to stay afloat.
AAPJ issued unauthorized shares before.
They were way over their share authorization before their most-recent AS increase to 3 billion shares.
"A Reverse Split is in the best interest of shareholders and the company."
That what I'm expecting as the AAPJ excuse for doing a reverse split, if they ever become current on OTC markets and pay taxes in Wyoming (their state of incorporation).
In any penny stock scam, make sure you aren't the last one to sell after the pump/dump crew that frontloaded has sold during higher volume.
The crew will by hyping so-called technicals, all while dumping into any scam-induced volume that attracts the suckers that don't do DD.
Wow, @HPNN is flat broke.
And any money supposedly funneled through fraudster Petey's LLC is supposed to be used to pay back creditors instead of lining his pockets.
No wonder it can't keep much money in a bank account, since it is all subject to seizure by creditors, per court ordered liens on assets (present or future assets, including digitalage).
Petey, I hear those debtor exams are not going so well for you.
Too bad California does not have debtor prison, because you might have a life sentence for all that fraud, stealing from shareholders, failure to pay the tax man, and failure to pay loans in default.
Sure, you do know that T/A is bogus for stinky pinkies with almost no real assets like this one?
Frontloaders will take every opportunity to sell into any misleading hype -induced temporary little uptick.
The company doesn't even bring enough to pay the bills or their lawsuit debts.
The main exec gets $240K for doing basically nothing.
AAPJ now DELINQUENT (Taxes) in Wyoming, their state of incorporation
Standing - Tax
Delinquent
Delinquency Notice - Tax - 2024-005263063 Date: 09/02/2024
Reverse split in the works. But will it be 1:2,000 reverse split?
They will try to make it a surprise to trap investors, so keep watching Wyoming filings.
Wrong, Petey funneled $ from his LLC's into HPNN......money he already owes to creditors.
He also is soliciting direct investments into digitalage, where investors get private shares of the LLC in exchange for cash from them funneled through his personal LLC's.
digitalnothing is likely no longer a wholly-owned subsidiary.
And it is likely that investors will never see their money again, because the CEO is a known money launderer (felony conviction) and know financial fraudster (felony financial fraud conviction). He is also not paying back loans, plus the almost $10 million owed to just one person.
Ask Petey how his court-ordered debtor exams are going.