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So then why make a statement about something we know nothing about?
How do you know very little money coming in?
We did have a settlement that hasn't been disclosed yet.
Not to mention when the board was out and when it came back on a flood of roaches showed up.
"APT Group Inc. plans to earn $16 to $20 million during their 2014 fiscal year with the potential to double revenues in 2015. The APT management and engineering team brings more than 100 years of experience in finance, legal, marketing, and product development."
Attention.
"APT today announced that it has completed an important and complex transaction with Ironridge Global IV. Ltd. that eliminates the lockbox on Company's account receivables, terminates the associated interest costs, and restructures the balance sheet in preparation for continued domestic and international growth."
Yes. Which puts a PPS of .05 based on 4.1B OS and no forward PE.
And we are at .0106? No brainer IMO
Not net profit correct?
APT Group Inc. plans to earn $16 to $20 million during their 2014 fiscal year with the potential to double revenues in 2015.
Where did you get 20M in "profit"?
And where did 70M come from?
I have seen projected 16M-20M in revenue for 2014. Are you assuming this is net profit?
If they had the luxury if waiting that long I would agree. But it seems they didn't.
Exactly. Cash better used elsewhere at this point. Doesn't make sense to pay this off in cash only to have to turn around and do an offering to raise more cash for expansion.
Why would him being a client at some point be an issue?
Unless you say he owns or works for the company.
They aren't locked and they can sell at anytime. APT has no control over when they sell their shares or at what price.
Come on. At least try.
Why do you think the merger was expedited? Would it have been better for FROZ pre merger to issue a crap ton more shares at .005 or lower to settle the debt? APT saw this and expedited the merger IMO.
Then short it. I dare you.
No. That's just to determine the share price and quantity of stock issued. 5 day average based on volume.
I look at it this way. They must have been very confident in APT to assume that debt. Especially if as it seems the share count was based on a price of .0182.
It's possible. Reading the filing it states it was to settle accounts payable and Ironbridge took the debt in exchange for shares. I would have to go back and look at the $$ but it seems to be about right based on past filings.
This is typical of Edgar. They always post again a week or so after initial release. Look at other stocks and you will see the same thing.
Average price per share for the day.
Because buy backs cost money. Either borrowed or capital. They went public to raise capital not use it to buy back share. Yes they could retire some of the A/S but that does nothing for the O/S and restricted shares. R/S could clean that up.
Winner winner chicken dinner. How many time does this have to be explained?
Trading at below cash on hand. Crazy.
To stop the dilution of the stock at a low PPS to satisfy the agreement. Which now can be done later at hopefully a higher PPS.
Which is why I think they closed the deal early.
They sure do. Maybe not sub penny though.
Did you try submitting one for FROZ?
Mostly. He is responsible for pushing SPL$ that people have been comparing our reverse merger with.
Now that's funny.
Better yet someone should write a stinking alpha article getting the word out. :)
It was already mentioned to the wolf. Not by me by the way.
Who said anything about disappointed? I only saw it as a positive. If I was concerned I wouldn't have said anything.
Share structure was brought up and I gave an answer to a solution to that. IMO it's the only negative here and I do believe they will take care of it.
So we can't discuss it?
But then it comes down equally as fast. If not more.
In this situation I think it would be good. R/S isn't always a good thing. But it's not always bad either. For long term investors in this case I think it would be good. Flippers won't like it but I would see this as a buying opportunity. I would expect a panic sell. Maybe a slight one.
The point of a R/S here is to decrease the A/S and restricted. More specifically the restricted. They can decrease the A/S without a R/S. But it's the threat of the 2B restricted being feathered into the float that will hold this back.
Very well thought out.
If they don't R/S split I'm fine with that. I just expect it to happen because IMO APT isn't a 20B A/S type of company. More legit than that. They don't seem to be the penny type.
And it just makes sense to clean up the share structure sooner rather than later.
If the R/S does happen I'm good with that as well. As long as they do it across the board. It would be very fishy if they R/S the float shares and leave A/S at 20B and restricted shares intact.
See what I'm laying down?
If they do it by decreasing A/S and restricted shares I would see this as a positive. If they don't decrease A/S and restricted I'm out.