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Spread is super tight right now:)
Short interest has gone down, by about 70,000 shares (I think): Off-Exchange Short Volume 188,799 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 26.28% - source: FINRA (inc. Dark Pool volume)
Yes, I follow them.
Totally agree MrNormall!
I almost lost my ALPP shares with the same pattern of trading. It was up to around .70 or so then the dump, all the way back to .25 then it ran all the way to $7.00. The experienced traders and hedge funds, steal the newbies and weak hearted’s shares all the time. Know what you own and sit back and wait. I predict within a week APSI will be a $1.00+.
A pump job? You think they spent tens of thousands of dollars for audited financials, for a pump job? Today’s trading was a classic lesson in manipulation and how to steal shares from inexperienced traders.
Their is no gap!
They shorted it at .60 to .70 creating panic, now they’re sitting on the bid, letting the fools sell their shares to them, while making 20+% on their money, then they’ll ride it to $3.00 plus. Actually a smart way to trade, but the little guy can’t do it.
Ahh this isn’t a pump and dump stock, it’s a legit merger. Tens of thousands of dollars have been spent on audits and filings.
Wow, look at this - Off-Exchange Short Volume 255,892 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 40.18% - source: FINRA (inc. Dark Pool volume)
I took this off Fintel. Friday the Dark Pool short volume was less than 25,000. I think it’s being manipulated, so certain deep pockets can load. Should see a nice short squeeze. You rarely see these OTC’s with this high of Dark Pool short volume.
Stephen Carnes is no longer involved, he is just a shareholder like the rest of us. Read the 8K!
It doesn’t get any clearer than the 8K, but they needed a PR for those that don’t want to comb thru it or can’t understand one.
Bigger aspirations? They have a 100 million plus dollar company right now! The fact it’s trading under $2.00 is ridiculous, imo.
Yeah, the Super 8 was poorly executed, they should have put it out this morning with a PR, not on a Friday, before a 3 day weekend and no PR. If they had handled it properly, we’d be at $2.00 right now. I guess the bright spot is, I loaded more shares just shy of .50, never thought I’d be able to do that.
OTCN was on the Ask earlier, now sitting at $29.00 ( one can dream, lol)!
It’s coming:)
Some of these so called, trading experts, instruct their students to sell on news or to sell after 10 to 20% gains. They don’t bother to teach them to read financial statements or trade on fundamentals.
Just grabbed 2500 more shares at .496! Unfreeking believable! Thanks to the crazy person that sold those!
It’ll flip around here shortly, watch:)
Time to load some cheapies:)
I don’t think people know how to read that Super 8K. The fact APSI isn’t trading at a dollar plus right now, is crazy!
Why would anyone sell their shares at .61? Unless they are trying to manipulate it.
Should be a good day! Expecting a PR today or tomorrow.
A serious investor does his own DD.
What CEO are you talking about? Stephen Carnes is no longer involved. Why are you asking others to do your DD? Why did you supposedly buy shares in the first place? Do you understand what a Super 8K is? Do you understand what a custodian of a shell is? Tradition has about six subsidiaries, lots to DD! Their financials are audited, as were APSI’s. You should know all of this before you supposedly bought shares!
arm can, I think if you check their acquisitions, you’ll see where the shares went.
Reader3, just a small correction; the acquisition has happened!
Name change will be next:)
Wow! That was quick.
Thanks Stervc, much better explanation than mine. This issue came up early last summer and was discussed to adnauseam.
Of course, Stephen Carnes only handled the shell and did a great job. That suit was filed over 13 years ago. APSI is no longer a shell and Stephen is just a share holder. Tradition Logistics and their management team are now in charge.
HAPPY NEW YEAR! It should be an epic week for APSI!
Good post. I think you meant to say, the friend that bought 100,000 shares for $2.00 each. These particular preferred shares, have been used as control shares, I believe. It’s very typical for companies to issue these type of shares, to prevent a hostile take over. All IMHO.
Nope, preferred shares are not factored in. They don’t factor on big board stock and they don’t factor here.
I think you meant 139 million?
This post is now a Sticky.
Thanks for the great post Stervc! For the life of me I couldn’t understand why anyone would be selling into what I thought was a spectacular Super 8K. I think you nailed it.
Agreed!
That is not what Stephan Cranes said. Who told you that?