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.
Absolutely. The “rabbit could be out of the bag” next week, there is no way of knowing.
Everytime I play one of these mergers the Super 8K is painfully slow. People get tired of waiting and sell, but when the 8K hits, the PPS runs so fast you lose a lot of money chasing!
There is actually a case to be made for tax purposes to drop it before the end of the year.
I am not sure why?
TA has never been gagged
Looks like someone stacking the Ask at .72, trying to create some selling? I thought about doing that, but with my luck someone would grab my shares, lol.
Yup and that investor plans on making money:)
Can’t believe someone let a couple thousand shares go for .60. Or was it MMs trying for a shake?
Yes you can, I do it all of the time, it’s just considered a wash sale and has tax implications.
I have never seen an OTC stock move so perfectly! The upward movement, followed by consolidation, has been text book. Predicting $1.00 by close tomorrow.
I expect a $1.00+ before the 8K, if the 8K is what I think, we should see $3.00+ almost immediately, imo.
Geez someone sold 6700 shares for .57, the low of the day. Crazy! Congrats to whoever got them. Do your DD people:)
People are holding tight, very little Bid whacking, if the Bid sitter wants in I suggest slapping the Ask, in the end a dime will be peanuts, imo. People are so often pennywise and dollar foolish.
I always like seeing Sterling on a stock, he is one of the best traders, IMO.
Wow, good eye! That’s exciting. 8K imminent! Imo
Absolutely!
I’ve bought many CE stocks with ET ( but not lately)
Keep in mind that Tradition Transport has hundreds of employees, that will want shares:)
I’ve been wondering if they’ll release it before Christmas or not. It’s not a great week for news, but on the other hand they probably want it done, before the end of the 4th quarter.
Here is Tradition Transportation Facebook Page, they appear to be a company that really cares about their employees: https://www.facebook.com/TraditionTransportation/
From the way APSI is trading 8K should be very close.
Totally agree!
There is only 17.2 million shares OS here, RS would be counter productive, as there would be no liquidity. If they issue shares, they will be restricted. After the merger the value of the resulting company should have no problem uplisting. A company can uplist to the NASDAQ with a $3.00 PPS, if they have substantial assets, which Tradition certainly does. A $3.00 PPS shouldn’t be a problem, in fact I think the PPS will probably settle in around $5.00 to start, it may spike higher. That is assuming Traditions profit margin is 10%, if it’s higher than that, then the PPS will settle in much higher.
We won’t know that until Super 8K comes out.
Nice post. Tradition had revenues of 87 million dollars in 2021, according to Twitter their earnings in 2022 will be 100+ million dollars. They are a rapidly growing transport, logistics and warehousing company. I mention the rapidly growing part, because growth companies command much higher PEs.
Not much of a short position here: Off-Exchange Short Volume 32,950 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 29.25% - source: FINRA (inc. Dark Pool volume). There are only 10,000 shares available to short, plus the dark pool, which is the only shares short right now. Others have complained about IB and it’s always been on shell stocks.
WOW, Nice day today! .70+ Tomorrow?
Agree! But APSI should be better, there is a lot more money involved and I think terms will be better:)
Thanks for posting that, if Steve had said anything else ( like give a date or said yes or no) I probably would have sold, because that is illegal and would be a clear signal of a scam, imo. APSI is the real deal, Steve has done what he said he would do and has done everything by the book.
Boy they tanked it quick. I managed to grab 2000 shares at .72 to add to my stash. They seem to let it move up in the morning, then dump it in the PM, always on low volume. Manipulation at its finest!
That was an LOI. It didn’t include the financials.
True, I’m up 100% here and not selling a single share under $2.00 or so. I can’t imagine APSI not hitting that level quite easily. The CEO here has been true to his word all year and says the resulting share structure after the merger will be favorable to the current shareholders. He gave up his 500,000 shares of preferred to get this deal done, according to Tweets.
Grabbed a starter here, been doing well with these low float shells. Especially ones with that have an outstanding custodian.
Totally agree Dino, just an fyi they have stated in their tweets that they intend on uplisting to the NASDAQ.
Totally agree. Look how long APSI consolidated around .30, then .40 and now .50. It really trades beautifully, more like a NASDAQ stock than an OTC.
No one said that, but it certainly can happen and the merging company here is a fully audited company with around a $100 million dollars in annual revenues. It’s hands down one of the best mergers I’ve seen and I’ve been doing this 20+ years. I was also in several of the other big runners and IMO they don’t compare to APSI.
Yup I made some great money on OWCP. That list also doesn’t mention ALPP, but it might not have been a shell. I think it ran from around .01 to $9.00 or there abouts.
Your statement makes no sense “no matter who they merge in”. Of course it matters if they merge in a profitable company who is making 100+ million dollars a year. What doesn’t matter is that APSI is trading for .50. You must not have traded for very long. There are stocks that traded for .02 that hit $20.00+. The price of a shell is irrelevant, the value is in what merges in.
Why? To justify $50.00 a share they need to make $3.00 a share or so or about $60 million dollars, if they have 20 million OS. Right now they have 17 million OS. That would be a PE of about 16. Many big trucking companies have PE’s higher. Hunt (JPHT) has a 20 PE and trades for $184.00 a share.
Here is one example of what I am saying in that post; check out PLUG, it has a 8.1 BILLION dollar market cap and loses $1.21 a share. There are many, many examples like that.