[netmoney1999]

There is no embarrassment... Carnes is getting filthy rich off this crap and obviously doesn't care about the stock or company. Everything he said is total lies and fraud and he should be thrown in jail.

Its clear there never was and never will be 'audited' financials, only offerings to massively dilute the stock and line his pockets.

https://www.sec.gov/tcr

[samson8]

He has made millions across the 4 or 5 tickers he is currently running and will continue to do so via dilution and "Administrative Expenses". He doesnt care about embarassment. I cant believe people keep falling for his same scam pumps over and over. I agree that SEC complaints should be filed, but if they havent done anything by now then I dont see them doing anything about it.

[Stock_Jockey01]

Did they buy Tradition Trucking or not? If they did, the reporting sucks, but there's hope. If they did not, then yes that's a big problem

[LUCKYBUTT]

Because he’s a SCAM ARTIST

[Pennyboy20]

Honestly, this has become embarrassing for carnes. This price is absolute shit for a company that supposedly merged with massive assets and revenue. There is zero reason for the company to not provide an update. Imo

[netmoney1999]

Submit a complaint to the SEC for securities fraud. I did.
https://www.sec.gov/tcr

[LUCKYBUTT]

We need to put Carnes A$$ in jail

[lovethatgreen]

If you happen to ever see me say something stinks in any future plays

Perhaps it might be prudent not to be so argumentative

I'm usually correct

[netmoney1999]

There is no reason to believe that any 'audit' is still in process... filing an offering without audited financials?
In fact odds are greater that there never even was one being done and it was all lies.

[netmoney1999]

Its because they obviously don't care. No communication to investors about wtf is going on. Just interested in dilluting to line their pockets.

[Roofus]

Yeah, we don’t know if 2022 was true or false yet.

We haven’t seen any audited financials (yet) released for 2022, as of this time.

No one knows for certain yet.
It’s all guessing and assumptions.

We did however see 2021 “audited” financials which were filed to the SEC. They were $87 million in audited revenue, and a net positive $3 million audited in “net profit”. Those are “factual”.

[reader3]

I don't think they've released the numbers for Tradition for 2022, so I don't think it's been proven to be true or a lie that they were on track to earn 125 million (gross) with a 5 million net profit. The numbers that were released were unaudited and didn't include Tradition's revenue for technical reasons.

I think it's inarguable however that the audit is taking a painfully long time.

[skichic]

You have to keep in mind that as late as September of 2022 Carnes was saying Tradition was on track to earn 125 million dollars in 2022 with a net profit of 5 million dollars, which has proven to be an obvious lie. At some point we all have to see that it was all a lie. I hung in way to long.

[LUCKYBUTT]

Agree on that

[samson8]

If they want to win investors back, they need to remove Carnes completely. He is a cancer and is the reason this has performed the way it has.

[Stock_Jockey01]

Okay so this is where the confusion I think gets people. Myself included as a shareholder who is still cautiously optimistic here.

But I did call and the APSI number from the website goes unanswered and a neutral generic phone number only VM.

Traditions is working but it's hard to see the merging of the two at this point as everyone is either tight lipped or not posting anything. That flew fine during the "quite Period" but now, we really should know something and the lack of comm is deafening.

I too believe and base my investment off the 2021 Valuation but there are a lot of businesses that got smacked down to earth in 2022 and 2023. Especially in the transportation sector so I do understand people's pause here

[Stock_Jockey01]

Also the fact they have not taken the time to correct the tweet from March is infuriating. Much less take the time to type it out correctly in the first place

[Stock_Jockey01]

Trucking Companies had a rough 2022 and 2023 so I wouldnt be surprised if the numbers are quite different. But I cant believe they would be bad enough as to not warrant financials. For that reason I have to believe that they are just moving their way through the process to get those and other items completed.

However the complete lack of PR (forget Twitter, just anything) is mind boggling.

[samson8]

Let's see those audited financials from last year then......

Oh wait they abandoned that audit......

[Vipyr]

They will not have to pump anything to get this running. Only 17 million OS, it will run in air. But for the life of me, I cannot figure out why you keep coming back if you are out and done???? That just makes stupid sense to me. Ive been trading since 1986 and since the inception of the internet, and raging bull back in the day before investor hub, once I was out of a position, there is absolutely 0 reason for me to ever come back.....
On a side note, if you honestly believe that Tradition did NOT have a net profit last year, that I have to say you are delusional. You have not done your homework. You have not called the company, and you keep putting out your own propaganda on a stock that you "SUPPOSEDLY" not still in. Move on to a ticker that makes you happy, rather than revisiting a board that you have been long gone from. Seriously, what is the point? Do you see me going back to VITX or SYSX and posting shit? Nope, ya sure dont. I lost 10k between the both of them, and I never once went back and started posting bullsh*t and badgering the companies. Its a waste of time, effort, and air to be wasting on stocks Ive already dumped.

[lovethatgreen]

Lol
I.wont apologize for laughing

[samson8]

I honestly think this was on the brink of going Caveat Emptor after they got that promo tag. Carnes really screwed this one up and tried to run it like all of his other pump and dump schemes rather than build it the right way.

[reader3]

I think you're going to be very disappointed. But I guess we'll see.

I think they've chosen to let the numbers do the talking, and 1) they're waiting on audited financials, and 2), people who can read financials understand that they ran a little in the red this year to acquire a large facility; that doesn't mean they'll always run a little in the red.

[skichic]

They’re going to have to really pump it to get the PPS up and I don’t see any signs of them doing that. They haven’t put a PR out since March. I think the offering will come out at about .06 for 3 shares. The dilution will be a killer, then he’ll RS it back to 15 million shares or so. We’ll see. I would like to see a lawsuit, based on Carnes’s claims that Tradition had a net profit of 5 million dollars last year. From the looks of the latest Q’s, I’d guess they probably lost over 5 million last year.

[skichic]

I wonder if once it’s priced and approved, if it might not be worth buying, even factoring in an RS. Especially if you’re getting shares for one or two cents. I can’t believe they still haven’t done any kind of a PR, you’d think they’d want to get the price up.

[samson8]

If you want to see how the offering will go down, take a look at Carnes other ticker TLIF. Doing the same 3 share, 2 warrant per Unit scheme. Initial Reg A was priced at .045 per unit. It got qualified, and then the offering circular reduced it to .02 per unit, which is .0066 per common share:
By this Offering Circular, Tocca Life Holdings, Inc., a Nevada corporation, is offering for sale a maximum of 100,000,000 units of its securities (the “Units”) at a fixed price of $0.02 per Unit (the price to be fixed by a post-qualification supplement), with each Unit consisting of 3 shares of common stock (the “Common Stock”) and 2 warrants (each, a “Warrant”) to purchase one-quarter share each of Common Stock (each, a “Warrant Share”) exercisable at $0.025 per Warrant, pursuant to Tier 1 of Regulation A of the United States Securities and Exchange Commission (the “SEC”).

The current share price there when the offering circular came out was ~ .0188 so he set the price per unit just above that but the dilution is at 1/3 of the share price. If APSI is still at ~.06 per share when the offering is qualified, It will likely be offered at .10 per unit or less, and the common dilution will be much less than current share price then.

Its the same formula he uses on all his trash, regardless of whether or not Tradition is a great company, this is what he does.

[samson8]

You are wasting your breath on these guys. They refuse to accept reality in the hopes they get out from being underwater. Carnes will absolutely modify the price of the offering down below the current share price once qualified. He has a Reg A on every other ticker he is involved with right now and its what he has done on the others.

[lovethatgreen]

L I ke I was saying back when the stock was in the 30s and 40s

No sophisticated buying was coming in and why that was and still is should be abundantly clear by now

[Vipyr]

They will not be offering at .06 I guarantee you that. And I have read it. And if you think the share price is going to be 06 or lower at the time of the offering you are in for a rude awakening. Period! However, you are already out, so why so angry? I keep buying, and added 055s the other day. Once I decide to sell and move on, I do not come back to the boards and keep posting such as yourself. What's the point?? I am looking this with the 100+ million in revenues, and the expansion that Tradition is accomplishing... That is enough for me to stick around and keep adding shares. Once I am gone, I do not come back and post

[skichic]

You need to actually read the offering! The share structure is about to change by millions of shares. Nobody is going to buy an offering for more money than the current share price. Period! The offering price has not been established, what will happen is they will announce the price of the shares for the offering to all of us, once they have sold those shares for about 25 to 50% less than the current price, to some hedge fund. Who will then dump them, into some big news event. Watch.

[Vipyr]

Yup they sure did :)

[Stock_Jockey01]

Well if they know. I'd sure love it if they told me

[Roofus]

Great point on that $12 million amount

Therefore, when excluding that, General Admin expenses for the first 6 months of 2023 so far is closer to $6 million instead, of $47 million revenue for 2023 so far = 12.7% of revenue.

Which is very close to the 13% of revenue in 2021 “audited” financials.

[Roofus]

Someone just bought over 70,000 shares at the Ask

As they always say, someone out there always knows something.

[reader3]

Yep...

Also, I think the line item in the 2022 financials was for the 3 days at the end of 2022, so it's not exactly a representative value one way or another. I think the consolidated (and hopefully audited) totals should be a lot clearer.

AND if I recall correctly, a PR earlier this year listed the Georgia warehouse and rail acquisition and improvements as 12 million. So that clearly accounts for a majority of these expenses. Do the math on the rest.

[Roofus]

2021 “Audited” financials in their Super 8k

Reveals $11.5 million for general admin expenses, which was 13% of their $87.7 million in audited revenue that year.

The $127,000 amount for that category for 2022 is obviously APSI’s expenses (pre Tradition acquisition), as Tradition’s expenses certainly would have been much higher than that in 2022 using a thing called common sense (especially since the super 8k stated $11.5 million for that category in 2021 “audited”).

The general and admin expenses being much higher (over 40% of revenue) so far in 2023, obviously includes all their expansion and growth efforts, since this category was only 13% of revenue in 2021 (audited in super 8k), and is now over 40% of revenue in 2023.

It doesn’t take a rocket scientist to calculate and figure this stuff out, for year over year comparison. The “outlier” is obviously a large growth in that category vs. revenue in 2023. It’s not like their throwing luxury office parties everyday, and bringing in strippers to the office like in The Wolf of Wallstreet movie. The outlier is clearly they are growing a lot in 2023, and absorbing those extra costs in taking on more overhead operations from all the additional they own now.

[bullthetrigger]

I agree, if you trade otc and follow stervc guidance, beware. They use good logic but you’re probably too late and the targets are too high. Looks good on paper but that never plays out.

[wuuuhu]

So they started diluting big time, as expected. In order to get some highly needed cash flow - like Carnes said before. Ignoring the fac tthat they are getting audited, and it doesn't make much sense to run an audit while making a public offering, I am much more concerned about the huge rise in "General & Administrative expenses".

They went from 127k $ regarding the annual report for the year ending December 31. Page 37/54

Anual report 2022

To almost 19M $ for half the period, causing a huge loss

Quarterly report for the six months ending June 30

I have looked up some of the biggest transport & logistics company, their General expenses are around 10% of their revenue:

Landstart system

[netmoney1999]

Amateur Hour with the management happened... and Carnes.

[samson8]

Lol that was a pumpers price target. Dudes probably long gone after the pump to .70. Hope you didn't buy any up there when it was being pumped.

[layton]

WTF happened here.....again???

[i_like_bb_stock]

my thoughts exactly

[netmoney1999]

Thanks, good thoughtful post :)

[Chuck Mustang]

I said cold hard facts, $2k a month to rent office space is not significant, I pay 1/4 of that to have a registered address for one of my companies, and that doesn't include any office space or anything of the sort. And (hate to start a sentence with an And, but whatever) if you can please give me a breakdown of the $2m general and administrative expenses and show me those expenses where not being incurred prior to the acquisition on Traditions books, maybe, just maybe (but doubtful), I may take you seriously.

Best
Chuck