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Yeah, it’s finally October! 90% of my portfolio is green this morning:) Lets get the show on the road here. We should see an 8K this week. I think everyone pulled back any filings or PRs last week due to the hurricane.
There are less than 8 million shares OS here. This is taken from the def 14a filed yesterday, regarding the annual meeting:
“The Board has fixed the close of business on September 29, 2022 as the record date (the ?Record Date?) for the determination of stockholders entitled to notice of, and to vote at, the Annual Meeting or any adjournment or postponement thereof. On the Record Date, there were 7,936,274 shares of Class A common stock and 10,000,000 shares of Class B common stock outstanding. Each share of Class A common stock represents one vote that may be voted on each proposal that may come before the Annual Meeting and each share of Class B common stock represents 10 votes that may be voted on each proposal that may come before the Annual Meeting.”
Here is a company that matches the description of what they say they are merging in: http://midamlogistics.com/. This is probably not the company, but who knows:)
Just added 25,000 more shares. HDUP moves quick, undervalued here, upside potential is huge.
Impatience can be very expensive. Good loading zone this morning.
True, but it won’t matter with the new share structure. When you see a CEO give himself 600+ million shares, you know it’s a scam.
Looking good today. I expect we’ll see some substantial news shortly. She said she’d let us know just how much of that 3.5 billion dollar 10 yr. contract they’ll be getting soon and I think that was a little over a month ago. Even if it’s only 50 million a year, that alone should be worth $1.00 a share profit, figuring a PE of 10 and you’d have a $10.00 share price based on that one contract, using the current share structure.
Of course it is. What in those financials say it’s worth 700 million dollars? The only reason ENGA was an attractive stock was because of the SS. Geez. Next stop .05 or less.
Why did AmeriGuard buy this shell and then let it languish? They changed the name, symbol and keep the filings up to date, but?
I totally agree. At $10.00 the market cap would be less than 200 million dollars.
Very true and since he issued himself over 600 million shares, he’s valuing his company at around 700 million dollars, which is ridiculous
Current short interest: Short Interest 34,874 shares - source: FINRA
Short Interest Ratio 0.10 Days to Cover
Off-Exchange Short Volume 25,000 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 15.44% - source: FINRA (inc. Dark Pool volume)
Sounds like LOI should be signed later this week. They had to make a few tweets to it. See Tweet
New Tweet:)
Conference call end of last week with $APSI acquisition target to discuss LOI went really well. Making a few minor tweaks to the LOI for final review. All parties seek to sign LOI asap and work for a quick closing. Form 8-K will be posted within 3 days of LOI signing.
— APSI - Aqua Power Systems Inc (@inc_apsi) September 26, 2022
Lol, you might wanna look at their financials and share structure. It’ll only hit .25+ with a RS
I haven’t looked at any stock lately that didn’t have a substantial dark pool Short.
Compare MAXR to SIDU! It trades for $20.00 a share with twice the OS, similar business (space company), trades at about a 36 PE. SIDU should be trading $8 to $10 minimum IMO.
The float here is so low, it’s easy for the shorts to control it. Here is today’s short interest (I think a squeeze should come any day)
Short Interest 269,777 shares - source: NASDAQ
Short Interest Ratio 1.13 Days to Cover
Short Interest % Float 3.92% - source: NASDAQ (short interest), Capital IQ (float)
Off-Exchange Short Volume 64,894 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 63.38% - source: FINRA (inc. Dark Pool volume)
If you read SIDU’s last filing, as of June 30th the total OS was just under 7 million shares. They did file that they would issue an additional 9,037,343, to raise $30,000,000, but I don’t know that they have issued any yet. If you do the math they appear to believe they will get approx $3.00 a share.
Things with SYSX are exactly as they appear. It’s a scam. I can’t believe it still trades above .01.
Oh, one more thing, that SS you posted, has all changed, as of today’s filing!
Did you happen to notice the 600,000,000+ shares the CEO issued to himself, according to the A1. Those weren’t part of the audited financials and I never saw any filings, until today, stating he’d done that. He’s also paying himself $300,000 a year for running a company that makes zero, even though they’ve been in business supposedly for 3+ years. I thought maybe they hadn’t moved the assets into the company yet, but ohh no, according to today’s filing there are no assets and a shit load of shares have been issued. Grab you ankles. You get the picture!
I think next week should fun here. And boy I could use some fun! My portfolio is a sea of Red except for APSI.
Here is some info on Mid America Logistics, you can see how their revenue growth somewhat matches what APSI says their merger candidates has: https://eversprint.com/mid-america-logistics-interview/
Wow, what a first post! You’ve obviously done some deep DD!
Lol, you are hysterical! Having a bad day?
It’s hard to know for sure, but their revenues and growth fit the description
This company could be the one http://midamlogistics.com/, their profile and revenues fit the bill:)
Tweet from yesterday that I hadn’t seen: “As a precursor to an LOI announcement, $APSI would like to share that the acquisition target is a multifaceted Logistics, Transportation & Material Handling Corporation with a strong desire for continued growth & expansion.”
They’re going to have nearly a billion shares OS and little revenue, the dilution will drive the PPS to .05 or less. I’ve made a living with penny stocks for 20 years, by not being stupid.
I think there is a bit more to it, plus the shares will restricted for 6 months to a year. What will be the value of the newly issued shares? I think a acquisition of that size is likely to be handled like a RM. We will see. CLEU may also know their shares will be worth a lot more than they are now, for the 30 days prior to closing.
“ On the closing date of the Acquisition, all the equity interests of Aiways will be converted into the ordinary shares of ListCo, in each case based on the applicable conversion ratio that will represent an aggregate number of newly issued ListCo's ordinary shares equal to the Equity Value divided by the volume-weighted average price of ListCo's ordinary shares as quoted on Nasdaq for a 30 trading-day-period prior to the date of execution of the definitive agreement. ”
Ahhh, you can’t be serious! They are going to dilute to nearly a billion shares!!!
Did you guys see these two statements in the offering? Not good!
Number of shares of Common Stock to be Outstanding after the Offering: 780,407,985 shares of Common Stock if the Maximum Offering is sold.
Common Stock Series A Preferred Stock
Name and address of beneficial owner No. of
Shares % of
Class (1) No. of
Shares % of
Class (1)(3)
Directors and Officers
Joseph Onyero 619,121,904 87.77 100,000 100
Claudia Spagnuolo
Approx 700,000 short shares here, prime for a squeeze.
A real sleeper! IMO.
So true!
Lol, that’s not quite how it works, but we can surmise it’s around a 100 million dollar company, which gives it revenues of $5.88 a share, EPS of maybe $1.50, based on current share structure. That scenario still easily justifies a PPS of $5.00+++.
Tip! You’re gonna wanna be locked and loaded before that 8K hits:) If the $144,000,000 revenue number is even close to being correct, we could see $3.00 in an hour.