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Time to load more shares! This is nuts!!!
No change in OS last week: https://www.otcmarkets.com/stock/APSI/security
Good point! Even if APSI doubles their OS they could still easily justify $5.00. Right now I’ll be thrilled with $2 to $3.00.
Good post Ranger185 and so true. Wow 65 million a day is amazing revenue!
I think you mean sub dollar:) and you are correct.
Wow, thanks.
I think they’ll do an S-1. But a reg A wouldn’t be out of the question, I just think they may want to raise more money than a reg A allows, plus I think an S-1 would make it easier to uplist to the NYSE or NASDAQ, which I know their goal is.
They will have elections for board members, I am not sure he will ultimately even be on the board or what will actually happen to the preferred shares. I have requested he answer those questions.
Most trucking companies are experiencing record earnings. Here are ULH’s stats for 2022, they trade at around $35.00.
Revenue 505.69M 13.49%
Net income 48.48M 371.92%
Diluted EPS 1.84 384.21%
Net profit margin 9.59% 315.15%
I think they wanted the Super 8 before the end of the year for tax purposes and SEC required filings. I agree it was badly handled. There was a short attack on the stock, Fintel listed a 255,000 share dark pool short, that has since been covered, thanks to some of the posters on this board. I challenge anyone to find a better sub $1.00 OTC stock.
You should be just fine. Just always do your own DD and remember everyone on IHub has an agenda.
Don’t believe a word he said. You do so at your peril.
You realize the company has 100 million+ in revenues. Getting non dilutive financing should not be a problem. I agree the OS will increase with the S1, hopefully the shares will be restricted and won’t exceed 75 million. I have read and re-read the 8K I see nothing wrong with it. They should be able to uplist to the NASDAQ within a year. I also believe those class B preferred shares will be used for any further acquisitions. BTW the price of diesel has been dropping. Oil is back to where it was before the Ukraine war.
So true!
Everyone needs to do their own DD, read that 8K, study Tradition and the subsidiaries, the share structure is incredible, 17.2 million OS. I have traded for 20+ years, I see nothing wrong, but? Trust no one. Keep in mind that on Friday we had a dark pool short on APSI of 255,000 shares, tonight I just checked it’s 15,000 so not an issue now. Someone made good money shorting from .75 down to .38 or so. I suspect they’ll go long again now, but who knows. I’ve been in stocks that ran from .01 to $8.00 that didn’t have the financials, share structure and potential APSI does. I was never looking for $20+ here, but $2 to $3 should be a given. $3.00 is a 60 million dollar market cap, we have absolute diluted crap on the OTC trading with 100 million dollar plus market caps.
Do you follow them on Twitter?
But it’s not a retail pump and dump! There was no pump. The Super 8 came out as promised, it said what we expected. It was a run and a short and manipulation. It’ll come back, it’s now a freaking 100 million dollar company, it’s not going to trade for .40 with 87 million in audited revenues and 17.2 million shares OS and 100+ million promised for 2022.!
Ahhh they have made that perfectly clear.
We had a 255,000 dark pool short position here after Friday’s .75 peak, that created the panic. I was in ALPP it traded pretty much the same way, it ran to .60 or so dumped back to .25 ( ALPP was not nearly has good of merger as APSI’s), then it ran within a few weeks to $8.00. This is not an unusual trading pattern. There is nothing wrong with APSI the merger is the cleanest and best I’ve ever seen, but as long as they can get people to dump, they’ll hold it down.
I’m not sure how you can call it a pump and dump. They put out an 8K showing 87 million dollars in audited revenue. The CEO has kept every single promise he made. Tradition is easily DD’d. APSI should be trading at $2.00+ right now.
I think they did pretty well. The Friday 8K release was kind of stupid imo, but I believe there was a group waiting with the intent of stopping the run. They let it go up 65%, then whacked it. It’ll run again and much higher. The weak hands will be gone and it won’t work as well a second time.
No, preferred are not used in calculations. They will probably be used for future acquisitions or to secure loans.
No, nor did Tradition pay, most likely, well over $250,000 to have it’s financials audited, just to trade under $1.00. Here’s a WSJ article summary: The Financial Education & Research Foundation estimates annual audit fees will average $2.54 million for public companies in 2019, based on historical trends from companies’ filings with the Securities and Exchange Commission and the Public Company Accounting Oversight Board.
PHOTO: ANDREW HARRER/BLOOMBERG NEWS
Fully diluted? They have issued no convertible shares at this point and they won’t issue them at .40 if they do.
Exactly. I also put part of my shares up for sale at various levels in the $2.50 to $5.00 range in case we get a quick spike. I was in a stock last year the spiked for about 30 minutes from .50 to 3.50 and I missed it, because I didn’t have any sells in.
He’ll be back.
Agreed. They can only pull this off on low floaters. It looks to me like about 14,000,000 shares of the float is totally locked, maybe as much as 15,500,000, based on historic volumes.
I have 75k, may add more. I added a few the other day at .50.
This post is incorrect, here is what he said: I only sold 3.5% of my entire position, how is that a dump. I sold a lot of stocks and they still went higher than when I got out.
He said he sold 30%, I think. He told me he had a million.
Well they didn’t actually sell off, they used a portion of their shares to short. They still have substantial long positions. The run to .70+ was organic and more than justified. They realize that if they suddenly short or throw up a big block near the top the Ask, the uninitiated will sell in a panic, as they think they misjudged the company. They will continue this practice until every single weak hand is gone. These groups play with 100’s of 1,000’s of shares. They can afford to lose 100,000+ to gain a million at a lower price or pick up a 25% gain on a short.
Current market cap : $7,569,839. Insane for a company with audited financials showing $87,000,000 in revenues and projected revenues of $100,000,000++ for 2022! Quit letting them have your shares! Do the DD.
That PR dropped Wednesday.
Mark this post! There is a group keeping this down, they will ring out every cheap share they can, then you’ll see strong bid support move in and they’ll run it to $1.00 plus. I predict we’ll see this happen next week, but it may take a couple of weeks. As long as they can get people to sell, they’ll keep at it. It is easy to manipulate these low floaters.
The audited numbers for 2021, justify $1.00+ here! They’ve said 2022 numbers are significantly better than 2021.
The black pool short is basically gone, not sure how this happened with such low volume yesterday.
Off-Exchange Short Volume 2,500 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 3.04% - source: FINRA (inc. Dark Poo
Exactly! This is the most legit and best OTC merger I have seen.
What everyone is missing is that the debt is really peanuts. They only have to pay about 6 million dollars a year ( approx 1.5 million dollars every 90 days, starting in about 5 months). This is really an amazing deal. Yes, they could cover it with stock and may do that, They will be doing an S-1, but they could also get non dilutive financing. Plus everyone needs to keep in mind this is not a start up, it’s a 100 million dollar plus company and growing. Everyone on IHub boards is used to broke dick companies merging into broke dick shells, this is not that!
I am guessing they have a loan lined up. Not to hard to get for a public company with 100+ Million dollars in revenue, plus substantial assets. They have a total of 4 years to pay it back. The total payment owed is a little over 6 million dollars per year. They got the down payment by selling 100,000 shares at $2.00 each. The actual balance owed is $24,092,038.
I am pretty sure the poor share price has their attention. One thing they could do, is every insider slap the ask for about $10,000 each minimum and file form 4’s. I do think it will turn around next week, maybe tomorrow. The news was awesome, the financials are awesome, it’s a rapidly growing company. We’ll see what the dark pool short share count is in the morning. We didn’t have much volume today, but I’ll bet is under 100,000.