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They are simply for control (voting rights)
Anyways, it would be pretty much impossible to convert all of those at once.
Are you stating if the stock gets uplisted to the Nasdaq, and is at $4.00, that there would be a large enough sell-off that it would drop the price 98% down to $0.10 ???
I agree ….
And I don’t think Carnes will convert any until the PPS is at least $4.00+, when they’re on the Nasdaq like you mentioned.
SEC registered by end of next week?
Including “audited” financials released by Friday of next week?
It’s amazing
That was faster than Usain Bolt
Thanks.
Dear Mr. Carnes ….
Thanks for doing what you had to do with the limited options you had, over the past few days to ensure things are still progressing here in the right direction. This is a larger company by 20x than nearly every other company in the OTC, and certainly more complex with all the auditing of all the financials. It certainly would have been more simple if this were a small OTC company doing just $80,000 in revenue. But this is a lot more, and the first time for Tradition as a public company and blending everything in with APSI.
Trials and tribulations happen. Business happens. Nothing ever runs 100% smoothly. If someone says it does, then they’ve never ran a business before. This is way more sophisticated than selling arts and crafts on Etsy, but sometimes it seems like those types feel like they know everything about how to run a business.
There’s a lot more progress to be had here. I think I speak for all true believers and shareholders who are with you, and believe in you and the whole Tradition leadership team. We’re on the right track, and I wanted to thank you for that.
Keep working hard and smart as usual, and this is going to be a highly successful company, and one in which shareholders should certainly benefit from over the long haul.
Thanks again.
When is the earliest they can become SEC registered again and release “audited financials” to us?
I’m assuming that can now be done in less than two months from now.
They did file stating they have $87 million in revenue however.
For 2021, audited, and filed to the SEC
And since they have $100 million worth of assets on the balance sheet, that alone justifies what they can and will be worth, when you combine it with $87+ million annual revenue in their future, etc.
From the filing:
Strategic investments and growth strategies:
(i) Tradition currently invests and plans to continue investing in infrastructure as well as administrative/operational
and driver recruitment personnel to maintain growth
(ii) Tradition has a goal of acquiring 200 plus tractors and 400 trailers in 2023 and 2024, through merger and
acquisitions opportunities
(iii) Tradition plans to open deployment centers in Indianapolis Indiana, Savannah Georgia, Nashville Tennessee,
and Dallas Texas in 2023 and 2024
(iv) Tradition looks to acquire a warehouse facility, in Indiana, in 2023 for warehouse operations only, and plans to
relocate main operations to a new location in Indiana with the acquisition or construction of new facility
(v) Tradition plans to explore strategic mergers and acquisitions opportunities in 2023 and 2024 for the additions
of terminals in Dallas, TX, the southeastern U.S. and the pacific coast to facilitate driver recruitment, reseating,
and related opportunities
(vi)
Tradition plans to determine which marketing platforms provide the best return for its multiple services and
products, and Tradition plans to invest in the diversification of its marketing. Tradition currently invest in social
media, websites, hub spot CRM platform, trade shows and brochures as Tradition scales its sales force
internally and nationally
(vii) Tradition plans to invest in and grow its manufacturing business and launch U-bolt manufacturing to add more
diversification to its products
Coming Soon:
Shell Risk - removed
Pink Current - soon
Audited Financials - soon
2nd half of 2023 is looking bright and with so many catalysts.
$87 million audited revenue (2021)
Company is profitable.
Audited revenue for 2022 will be revealed soon enough.
17.2 million O/S
Over 350 fleet (trucks)
Over 2 million combined square feet of warehousing space from several warehouses in multiple states.
Aspirations to grow the business with several new acquisitions.
LOL ….
I had to chuckle at the post as well.
It’s pure entertainment.
I have already coined a new phrase for when someone gets scared out of their shares and begin to panic sell. And this phrase is actually a compliment to him.
“Marty got scared after reading a post online and decided to sell his shares immediately in to the bid”
Why?
“He got ‘Samsoned’ “
How many of your shares did you sell?
You may want to buy them back soon, if you want them back now. The market cap is still incredibly low here (less than $1.7 million). Therefore, you’d still be buying them back at ground floor prices, and can laugh about it a year or two from now when you sell some bundles of shares for solid wealth.
Attorney letter just came out. Things are moving in the right direction here. Large momentum is now picking up.
Yep ….
Great point.
And they also have a ton of fleet, equipment, and overall assets.
It’s not like they can’t liquidate, or even leverage some of that 2 million square feet of warehouse space for more money as well, if ever needed.
And it’s not like they’re barely able to keep the lights on. They have a TON of flexibility if ever needed.
I don’t think the OTC has ever seen this combination of:
1.) Audited Revenue ($87 million)
2.) Square footage (2 million sq ft)
3.) Amazing low O/S (17.2 million)
Maybe one or even two of those, but I don’t think the OTC has ever seen a combination of all 3 of those (combined) before.
You can still average down.
Even at $0.10 right now, if you double your share count, it will bring your average down to around $0.17 or $0.18.
I’m guessing their 2021 “audited” revenue went something like this (by Quarter).
Q1 (2021) = $8 million
Q2 (2021) = $16 million
Q3 (2021) = $28 million
Q4 (2022) = $35 million
Total (2021) = $87 million.
That may not be the exact revenue amount each quarter, but something similar like that, as it would add up to $87 million for that year - as audited and filed to the SEC.
Summer months of July and August are in Q3. Those are the two warmest months of the year. And of course the holiday season in Q4, in which they would get the highest demand for business.
And at $87 million ….
That they did in 2021 (audited).
If they achieve that by end of 2023.
At 1x revenue (which is conservative) ….
$87 million / 17.2 million out-shares
= $5.05 per share.
FACT: $87 million “audited” revenue in 2021.
No one can dispute that.
It was “audited”, and filed to the SEC, in the Super 8k, etc.
They obviously plan to grow that.
It’s why Tradition went public.
These are the facts.
Anything else said is hearsay, and “agenda driven” by other posters on here.
Their filing “verbatim” said they have a slow quarter in business in Q1 (seasonal)
And that Q4 is their largest quarter for business.
I did the same thing at first.
All good.
Their Net Profit was a positive +$156,781
Here’s the breakdown.
The amount you listed was from Loss of Operations. You forgot to add in the gain from the equipment sale ….
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172367756
They had a positive Net Profit of +$156,781 in Q1
That’s the bottom line for Q1-2023.
The company was indeed profitable.
Stop misleading ….
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172367756
Considering they did $87 million in “audited” revenue in 2021
which is a fact, since it was audited and filed to the SEC.
Then $8.2 million (unaudited) for one quarter is certainly believable. In fact, that dollar amount is actually underwhelming, since it only extrapolates to $33 million for 12 months, and they did $87 million in “factual” revenue in 2021.
Here is the Breakdown:
Total Revenue = $8,271,039
(Cost of Revenue = $6,526,681)
Gross Profit = $1,744,358
Total Operating Expenses = $2,082,494
Loss from Operations = ($338,136) (subtract $2,082,494 from $1,744,358)
That's a Loss (so far), but then, we add in ....
Total Other Income = $494,917 (which came as net from "Gain on Equipment Sale")
Loss of Operations ($338,136) + $494,917 ("Total Other Income" from the equipment sale)
Which computes ....
Net Profit = +$156,781
Which is a positive dollar amount ....
Net Profit = $156,871
Do a control-F function and search for Net Profit.
The $156,871 amount is not in parenthesis, so it’s not a loss.
It’s a gain.
Stervc included a verifiable link to his claim of 39 for industry average P/E in his post. The link indeed showed 39 P/E for the industry at the time he posted. He was using facts.
All that verbatim from the report sounds great
However, I’m a little concerned over their first 3 months of revenue for 2023, even though they were profitable.
Revenue = $8.2 million
Gross Profit = $1.7 million
Net Profit = $156,871
Gross Profit Margin = 21%
Net Profit Margin = 2%
They’re only on pace to do $33 million in revenue for the year 2023, and with a Net Profit of a little over $600,000 for the year.
If you multiply the Net Profit of $600,000 by the industry avg. P/E ratio of 39 = $23.4 million market cap.
$23.4 million / 17.2 million (O/S)
= $1.36 per share.
All that other stuff you mentioned that they revealed is great however. Tradition is on track to grow their operations by quite a bit over the next year. It just might be a little longer until we all get the $5.00+ per share we were looking for.
I’m not worried about their 2022 unaudited report they filed. It says no revenue, but we know that’s not possible from Tradition with their hundreds of employees and 350+ fleet (trucks), and over 2 million square footage of total warehouse space from all their various warehouses combined. Plus Tradition had $87 million in “audited” revenue for 2021 as reported to the SEC (super 8k that was released at the top of the year). And you can’t fake or lie about that amount, as it was “audited” and filed to the SEC.
This 2023 unaudited report may be a “Lite” version of their first 3 months of revenue for 2023, for all we know. It may not even count everything since its unaudited. Or it could be all the revenue they made for the first 3 months of 2023, who knows.
I’m not worried about the 2022 report. I hardly read it. It says no revenue, and we know that is not possible from Tradition. That must be APSI’s revenue in 2022, pre acquisition of Tradition. I barely even looked at 2022, since it said “blank” revenue for 2022.
I agree ….
There’s a reason for all the blasting on here.
The results probably modified the agreement? ….
Interesting.
Could actually be a good thing for shareholders in the long run.
You can still buy through Fidelity.
Thanks
I’m talking about DD for the expert market, and back to pink current, etc.
You always jump the gun, lol.
Feel free ….
Please feel free to send me a PM if you know anything else or don’t want to share something on the forum, on anything else you know on this. I can receive PM’s on here, I just can’t send them.
Thanks.
Price predictions for tomorrow?
Open price?
High price?
Low price?
End of day (closing) price?
Who are his so called cronies?
List their names.
List at least 2 names.
Since you said “cronies” (plural).
If you’re going to make that outrageous claim, then you better back it up with facts. Otherwise, it could be construed as slander and defamation, especially if it isn’t true.
So let’s have those facts and names.
Otherwise it’s just another scare tactic.
If Carnes were that dumb ….
Then he would absolutely deserve to go to prison. I just don’t think he is that dumb.
If this was his intent all along, then it is the “WORST” executed scam in human history, in which he didn’t make a single dollar from. In fact, it actually cost him money since he spent time and money to clean up the shell.
Pump and Dump?
LOL, where’s the dump?
The O/S is the exact same.
In fact, while I’ve been here, the O/S went down from 50 million to 17 million.
More like a clean up, which was shareholder friendly.
Only thing they did wrong so far was hire the wrong auditors or not put enough pressure on them to get it done in time. And the article they did that got the promo badge was not the wisest thing. But they had audited financials from 2021 to back up the claims in that article of Tradition’s 2021 performance.
But there has been no dump.
Only dump that happened here came from a shareholder who had given several different reasons as to why he sold on separate occasions since. But he’s a smart and sleek trader who knows how to play the game in the OTC and cover his tracks.
Not me ….
But I’m a founding member of “Sure Thang Meteor”
Oh ok, thanks ….
I thought for some reason there would be a couple extra weeks after the 60 days for misc. and latency time updating on OTC Markets, etc.
Thanks.