Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Totally agree and did not intend to disparage you! The DD here is pretty easy to follow and I find it frustrating when some refuse to take the time to do the research. Everyone needs to do the DD for themselves and not rely on others.
Hmmm, Super 8 has about 25 pertinent pages, the rest are required disclaimers and definitions. It takes maybe 30 minutes to comb through it. Anyone playing the OTC should not find that inconvenient, since taking the time could net them $100,000+++++.
I doubt it, since Stephen Cranes said the opposite and as near as I can tell, he has never lied about what’s happening here.
I think we break $3.00 next week, unless I missed something in that 8K.
DD is very transparent. Read the damn Super 8K, check out Traditional’s website and DD them. It’s probably the simplest merger to DD, I have ever seen. Multi million dollar company merges into very clean shell! All financials have been audited.
Lol, no they didn’t want to have to file for APSI too. Filing before the 1st. saved money. If they’d gone into 2023, they’d need 2022 audited financials for Tradition and Apsi. According to APSI’s tweets, 2022 financials for Tradition will exceed $100,000,000. Do your DD, you might make some money!
Good post, MoneyForNuthin! It is so frustrating to read these nutty comments.
Geez people do the DD! This is a clean merger. 100+ million dollar company merging in, OS is 17.2 million, market cap is only about 10.5 million dollars. All financials are audited, it’s a really clean Super 8K. It doesn’t mention issuing shares. It looks to me like the cost of the company can be covered with the revenues. Or if they choose to borrow to pay the notes, the assets should more than enough to secure the loans. I don’t see a need for dilutive financing or any mention of it.
No! Total Contract Revenue
Tradition?s total contract revenue increased to $87,695,384, in the year ended December 31, 2021, from $49,992,274 the year ended December 31, 2020. This $37,703,110 increase is attributable to the segments below.
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s freight contract revenue increased to $47,549,777 from $38,713,490. This $8,836,287 increase is attributable to the Freight Transportation segment seeing increased freight rates through diversification of customers which lead to increased equipment count, seat count, and ultimately Tradition?s ability to serve Tradition?s current customers at a higher value. This movement up the value chain allowed Tradition to pursue and win the business of larger and more sophisticated customers.
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s Brokerage contract revenue increased to $33,211,039 from $7,059,381. This $26,151,658 increase is attributable to a deliberate and organized organic growth campaign for 2021. This growth was also assisted by Tradition?s growth in both the Warehouse Leasing and Freight Transportation segments.
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s equipment lease revenue increased to $6,934,568 from $4,219,403. This $2,715,165 increase is attributable to the asset growth and seat count increases in our Freight Transportation segment 2021 along with increased lease rates in our leasing model.
Total Warehouse Lease Revenue
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s Warehouse Lease contract revenue increased to $7,762,131 from $5,247,966. This $2,514,165 increase is attributable to diversification of services offered in our Warehouse Leasing segment along with a strategic plan for organic growth in 2021.
How about in the revenue section? Good grief! Here is a summary:
Total Contract Revenue
Tradition?s total contract revenue increased to $87,695,384, in the year ended December 31, 2021, from $49,992,274 the year ended December 31, 2020. This $37,703,110 increase is attributable to the segments below.
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s freight contract revenue increased to $47,549,777 from $38,713,490. This $8,836,287 increase is attributable to the Freight Transportation segment seeing increased freight rates through diversification of customers which lead to increased equipment count, seat count, and ultimately Tradition?s ability to serve Tradition?s current customers at a higher value. This movement up the value chain allowed Tradition to pursue and win the business of larger and more sophisticated customers.
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s Brokerage contract revenue increased to $33,211,039 from $7,059,381. This $26,151,658 increase is attributable to a deliberate and organized organic growth campaign for 2021. This growth was also assisted by Tradition?s growth in both the Warehouse Leasing and Freight Transportation segments.
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s equipment lease revenue increased to $6,934,568 from $4,219,403. This $2,715,165 increase is attributable to the asset growth and seat count increases in our Freight Transportation segment 2021 along with increased lease rates in our leasing model.
Total Warehouse Lease Revenue
From the year ended December 31, 2021 to the year ended December 31, 2020, Tradition?s Warehouse Lease contract revenue increased to $7,762,131 from $5,247,966. This $2,514,165 increase is attributable to diversification of services offered in our Warehouse Leasing segment along with a strategic plan for organic growth in 2021.
Best OTC merger in history and people leave. Geez! They are the same people that will tell their friends they aren’t making any money trading.
There is no dilution, good grief, do your DD.
True, would have gotten more noticed if they’d filed a PR, which I expect we’ll see Tuesday.
Great post, sums it up nicely.
Read Tradition’s financials, your question will be answered, also keep in mind when you own a $100,000,000 company, getting financing is quite easy.
I think the down payment came from the 100,000 shares Cranes sold for $2.00 each, probably the rest was out of his pocket.
This is now APSI’s Wholly Owned Subsidiaries
Tradition Transportation Company, L.L.C.
Tradition Transportation Company, L.L.C. was organized as an Indiana Limited Liability Company on January 22, 2016. Through this subsidiary, Tradition operates its tractor and trailer fleets, which are discussed below.
Tradition Leasing Systems, L.L.C.
Tradition Leasing Systems, L.L.C. was organized as an Indiana Limited Liability Company on September 17, 2016. Through this subsidiary Tradition engages in equipment acquisition and disposition.
Tradition Logistics, L.L.C.
Tradition Logistics, L.L.C. was organized as an Indiana Limited Liability Company on January 1, 2016. This subsidiary operates six (6) warehouses with four (4) in Indiana, specifically Angola, Indianapolis, Greenfield, and Greenwood; and two (2) located in Georgia, specifically Statesboro and Savannah, and provides time-sensitive warehousing, logistics and freight management to all 48 continental states and, as needed, internationally (into Mexico and Canada).
Freedom Freight Solutions, LLC
Freedom Freight Solutions, L.L.C. was organized as an Indiana Limited Liability Company on May 3, 2018. This subsidiary identifies and qualifies third party carriers, and connects the loads to the drivers.
Tradition Transportation Sales & Service, Inc.
Tradition Transportation Sales & Service, Inc. was organized as an Indiana Limited Liability Company on September 17, 2015. This subsidiary is principally engaged in providing mechanical repair and maintenance services for tractors and trailers that Tradition utilizes. It operates with the primary focus of maintenance cost reduction, expediting redeployment of equipment, and to serve as a back-stop to safety vehicle inspections.
Anthem Anchor Bolts and Fasteners, LLC
Anthem Anchor Bolts and Fasteners, LLC was organized as an Indiana Limited Liability Company on January 21, 2022, for the transaction with EDSCO Holding Company, LLC, as described above. This was formed as a small exploratory step into the supply of metal bolts, nuts, and other industrial fasteners. This company will serve Tradition Transportation Sales & Service, Inc. as a vendor.
Trying to shake out any weak hands, like those belonging to people who can’t read, lol!
It sure looks like it. I predict APSI will be on the NASDAQ by mid 2023.
MMs shaking it right now, load all the 60’s you can:) may still see $1.00 by eod.
This is probably when they got it done. I think they wanted it out before the 1st., possibly for tax purposes. I expect we’ll see a big PR Tuesday.
I think they dropped the Super 8K today for tax reasons, but we aren’t getting the immediate pop, because many aren’t paying attention today, due to New Years!
They don’t need to Tweet, they just filed a legal document showing the company is easily worth over $5.00!
I like the fact OTCN is sitting at $29.00:)
The run is beginning:) Anyone selling under $5.00 isn’t paying attention.
I think so. I think people are having trouble believing what they are reading. This is the most perfect merger I have ever seen in the OTC! Some of the selling this morning may be orders people put in to profit take and don’t realize what just happened.
This is unbelievable, in my wildest imagination I never dreamed the Super 8K would be this good! We should be at $3.00 right now! Headed for $10.00.
OMG! Better than I ever imagined!
Could see $2.00+ very quickly. Glad I grabbed .095’s earlier today:)
Nope, no $6.00 price target in August:)
Oh, they definitely are!
Ahhh, that’s exactly why we need an update!
APSI trades so beautifully. I don’t think I’ve ever seen an OTC stock trade like this. The PPS moves up, it consolidates (first around .25, then .30, then .40, then .50 and now .60), no really wild swings. Very organized trading. OTCs generally have wild swings, but not good old APSI, trades like it’s already on the NYSE or NASDAQ
I think people are sick of waiting for an update from the company. I think some of the drop was tax selling, but at this point, most are just fed up.
Very possibly. I wouldn’t be surprised to see the Super 8 drop by January 10th. It might come in before that. There is a case for it to drop this week, before the 1st., for tax purposes.
Awesome DD SantaZar!
Grabbed a few shares this morning. Lots of potential here. I’ve done very well on these merger plays this year.
Looking good this morning:) .70’s this week?
Great post, worthy of a sticky!