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No kidding. Seems like they love pushing the limit's lol
(i) A down payment of Two Hundred Twenty-Five Thousand United States Dollars ($225,000.00) in immediately available funds was delivered to Mr. Davis (the “Down Payment”).
It is apparent that #1 you have chose not to read the 8k, or #2 you fail to comprehend and understand what it is you are reading. So let me help you so that you can actually comprehend . Here is to proving you wrong yet again.
Item 2.01 Completion of Acquisition or Disposition of Assets
(a)-(e). On December 28, 2022, (the “Effective Date”), APSI simultaneously entered into a series of agreements for the purchase of all of the issued and outstanding stock held by the shareholders of Tradition Transportation Group, Inc., an Indiana corporation (“Tradition”). Those agreements are discussed below.
Stock Purchase Agreement
On December 28, 2022, APSI entered into a Stock Purchase and Sale Agreement (the “SPA”) with Mr. Davis to purchase 745,196 shares of common stock (the “Shares”) of Tradition Transportation Group, Inc., an Indiana corporation, for Twenty-Eight Million Five Hundred Forty-Eight Thousand Four Hundred Fifty-Eight and 76/100 Dollars ($28,548,458.76) in United States Dollars (the “Purchase Price”), which is equal to Thirty-Eight and 31/100 Dollars ($38.31) per share. The Shares represent all of the issued and outstanding shares of Tradition.
Mr. Davis is the Chief Operating Officer and a director of Tradition.
Per the SPA, the Purchase Price was delivered and was agreed to be delivered in the following proportions:
(i) A down payment of Two Hundred Twenty-Five Thousand United States Dollars ($225,000.00) in immediately available funds was delivered to Mr. Davis (the “Down Payment”).
ii) An amount equal to Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00) was offset against the Purchase Price on December 28, 2022 in full satisfaction of certain obligations of the Tradition Sellers (as defined below) to Tradition;
(iii) An aggregate amount equal to Twenty-Four Million Ninety-Two Thousand Thirty-Eight and 31/100 Dollars ($24,092,038.31) pursuant to one or more secured promissory note(s) (the “Promissory Notes”) providing for installments of not less than One Million Five Hundred Five Thousand Seven Hundred Fifty-Two and 39/100 Dollars ($1,505,752.39) commencing on the ninetieth (90th) day following the date on which the registration by APSI of its securities with the U.S. Securities and Exchange Commission (the “Commission”) has been qualified or declared effective and continuing every ninetieth (90th) day thereafter until the Purchase Price and all accrued but unpaid interest thereon has been paid in full; and
(iv) A final payment to be made to Mr. Davis in the amount of One Million Seven Hundred Thirty-One Thousand Four Hundred Twenty and 45/100 Dollars ($1,731,420.45).
Mr. Carnes provided the funds for the Down Payment, and APSI wrote a promissory note to him with the principal amount of the note being the price of the Down Payment, Two Hundred Twenty-Five Thousand United States Dollars ($225,000.00). This promissory note is discussed in more detail in “ITEM 7.” of this Item 2.01 under “Related Party Transactions.”
Also, per the SPA, APSI and Mr. Davis agreed that within 30 days of the date of the SPA, December 28, 2022, APSI shall file a registration statement (registered offering) with the SEC. Subsequently, the first payment should be anticipated to be made within 90 days after the SEC qualifies the registration statement.
Yes, owned.
Last year, Aqua Power Systems, Inc. (OTC: APSI) purchased 100% of transportation trucking company Tradition Transport and all of its subsidiaries. For the full fiscal year 2022, sales are expected to be in the $125 million range, with a net profit of $4.5 million. In 2021, Tradition reported revenue of $87,695,384 and a net profit of $2,986,945. In 2020, the company generated $49,992,274 and a net income of $1,738,623. APSI moved from a shell OTC company to a bona fide asset-based transport/trucking firm with seven subsidiaries.
https://www.insideindianabusiness.com/articles/angolas-tradition-transport-acquired
Guess you missed out? $1.35 to over $6 in less than 2 weeks.
LOL!
Gotcha! Ty
Why was Badgerblox just registered a few weeks ago?
$GMZP typical otc scam. Register new domain, release press release with a heading that shows target market size. It is getting old, try something new. pic.twitter.com/Ray1B4DDMG
— warrior_stocks (@warrior_stocks) April 14, 2023
Why the blood on this type of acquisition? Makes 0 sense
On a side note, how many companies exactly is Carnes involved in.. Everytime I turn around, it shows him as CEO or officer LOL! Also, 6.3 billions shares authorized and almost 1 billion OS? That seems huge. What am I missing?
Edit: I see the A/S was cut in half.
https://www.otcmarkets.com/otcapi/company/financial-report/365074/content
Most of us have been holding for 2+ years now. Which is unheard of really in the OTC
Watch it be a Friday drop after the close :)
Morning BB
Check out ATVK today!! And the past week for that matter.. That POS I have had for 2 years haha...Don't ask me why I held this thing, just glad I did lol.
Any word on the IFUS front?
I tried to see if I could buy thru my Etrade account, and it still will not allow, not until the CE is off.
CE coming off will make this thing soar
Been hanging for 2 years on this one lol. I have a sense that most of us will have our day in the sun very soon. $$$
Indeed I will. I keep forgetting about that lol.
I understand you are here to seek attention. But you really should focus on making money for yourself, and not worrying about what other people are doing.
Take responsibility for your own trading, and not other peoples trading.
It would probably suit you better if you stick to listed stocks since it appears that you cannot handle it over here. Would be alot less heartache for ya
Trying to dissect it myself :(
This prospectus relates to the resale of up to 3,585,946 shares of our common stock by the Selling Shareholders, issued pursuant to the Merger Agreement.
Looks like some restricted shares just became unrestricted
The Terms of the Offering
Securities Being Offered: 3,585,946 shares of common stock being registered on behalf of the Selling Shareholders.
Offering Period: Until all shares are sold by the Shareholders or until 12 months from the date that the registration statement becomes effective, whichever comes first.
Risk of Factors: The Securities offered hereby involve a high degree of risk and should not be purchased by investors who cannot afford the loss of their entire investment. See “Risk Factors.”
Common Stock Issued and Outstanding Before Offering: 93,418,291 shares of our common stock are issued and outstanding as of the date of this Prospectus.
Common Stock Issued and Outstanding After Offering: 93,418,291 shares of common stock.
Use of Proceeds: We will not receive any proceeds from the sale of the common stock by the Selling Shareholders. See “Use of Proceeds.”
It also goes on to list those that had the restricted shares that have become unrestricted and are selling their shares now. This is how I am reading it
Morning BB
What on God's green earth has happened to AGSS? I see an S1 has been filed ??
I believe April 15th as they are given 15 day extension
https://www.otcmarkets.com/filing/html?id=16531072&guid=aNm-kqGWAW-2thh
Heya BB, wanted to ask you
about STRH? Are you still in this one? Seems they went limited and the board here is pretty much dead....Just curious
The market makers are given free reign and are the only ones allowed to naked short to create liquidity. However, they abuse those rules, massively.
I have loaded twice now down at .21 and .22. Should massively fly after the 10k hits. If that 125 million in revenue, and 4.5 million net does not move this stock, there is nothing that will.
OTC markets site is down :(
An error occurred while processing your request.
Reference #102.24b72d17.1680721181.844f2d2
You forgot one item
No volume :D
That's a long time
I remember my first trade back in 1986 when I had to pick up the landline to call Charles Schwab to place a trade. If I recall, it cost me $15 each way, so $30 round trip... Back in those days you started in the hole when you were trading. And we really had no computers. No charts, no level 2, no nothing. We had newspapers, magazines, and if we wanted we could request a prospectus. I still remember my first trade.. Horizon Health care.. bought it at $2 sold it around $5 I had got the info on it from Prodigy money talk bulletin board from a guy named Frank Catalano. This guy was a genius at picking stocks.. Amazing how things evolved from there to where we are now
1.52 high volume dumping on the 10k filing... Have not had a chance to go thru it yet but this surly seems ridiculous.
Could not resist, picked up another handful at .22
Lets see. 125 million in audited revenue. 4.5 million net... 17 million OS. Stock price .25 cents? Hello, is everything ok upstairs???
So Stephen Carnes is now the CEO of GM*P ????? LOL
3-9-23
https://www.otcmarkets.com/stock/GMZP/news/story?e&id=2469912
GEMZ Corporation Announces Change in Management, Official Twitter Account Established
(via NewsDirect)
McapMediaWire -- GEMZ Corporation (OTC: GMZP) is announcing that the Company recently had a change in management. Stephen Carnes was recently appointed and accepted the positions of CEO, President, and sole Director of GEMZ Corporation. The Company has relocated its corporate address to Winter Park, FL where Mr. Carnes maintains corporate offices for his growing portfolio of companies.
Stephen Carnes, CEO of GMZP stated, "I have a clear vision for what I want to accomplish for both the short term and long term future of the company. I believe that the right strategy is quickly being put in place to achieve success for both the company and shareholders. I am fast tracking an acquisition for the company, and I look forward to sharing details with shareholders as quickly as I can get everything processed.”
Carnes further stated, “I have submitted the necessary paperwork and application to OTC Markets to request access to OTCIQ in order to upload filings for the company as well as update and make additional changes to the company’s profile. The company now has an official Twitter account, which you can find listed below in today’s press release. Additionally, the company’s profile on OTC Markets will be updated with the Twitter account once access is granted to make such updates.”
The Company will share additional news via Twitter, press releases and OTC Markets once account access has been approved.
Follow us on Twitter at: @GEMZCorporation
Nope. It went down to a low of $13 after your post... Seems like you are playing the reverse game here.... Did you end up shorting this one?
Running out of time :) One week left
All day Wednesday I had a small 3000 share order in at .25 and they filled all the orders below my at .23 and .24, .245 And failed to fill mine.. And it was not an AON order. After 2 hours, I removed it and put it back up. Then another 2 hours I removed it and put it back up. Ive already bought 12,000 shares thru Etrade. Tried to call those idiots today, but after 45 min I hung up. Why would they fill 022, 023, 024 and 0245 bids under my .25 bid? Oh thats right, I forgot, this is the OTC, where it is a free for all lol. Absolutely ridiculous.
You said OODH was doing an RS? Yet the filing you posted was for STAL. Confused here...
No, I did not do AON. That makes it even harder to fill.
Yea I have removed it twice and re-entered it. Guess I will have to make that dreaded call to eturd lol.
Heya BB
I can only post once a day on APSI... But have had a bid in at .25 all morning, and they are filling other people at .22 and .23 and 245 Yet my bid of .25 never gets filled. WTF is wrong with this stock LOL!
Try looking at the facts in the filings, and not some promo bs. Filings = Facts.. Those facts are undeniable.
Nope, this was about USX being acquired at 6.25 per share by Knights-Swift transportation company... :) Just lots of trucking news mergers lately it seems