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Why then?
Added 4,000 more shares in the last few minutes, got filled between the Bid and Ask. Locked and loaded for financials!
I think (hope) we see financials at market close today, accompanied by a PR:)
What a bunch of BS!
Exactly right!
Really? How do you know that?
I don’t see that he did anything with it. He will probably have to RS it, because it has near a billion shares OS, nothing like APSI, with 17.2 million OS. You have to work with the shell you have, they are not all equal. Certainly doesn’t mean he’s a scammer.
You might wanna actually read the super 8, you are incorrect.
Interesting short report today. Over 8,000 shares were shorted. Wow, someone really didn’t want APSI to head north in anticipation of earning Monday…
Short Interest 8,426 shares - source: FINRA
Short Interest Ratio 0.93 Days to Cover
I assume it’s APSI board, it’s about APSI.
It’s a pretty darn big company, with over 100 million dollars in revenue, hundreds of employees and it’s rapidly growing. They had a net profit in 2021 of about .17 a share. Have you done any DD?
If a filing due date falls on a weekend or SEC holiday, the filing is due on the following business day. The EDGAR system hours of operation for submitting files are 6:00 a.m. to 10:00 p.m. Eastern Time, weekdays, excluding Federal Holidays.
The Bid is starting to build!
Someone just won’t let this move. .25’s we’re hitting and someone whacks into a .225 bid (10% spread), to put a stop to it, then stacks the Ask. I hope whoever is doing it gets really burned in the end.
If they are like they say they are, it should be a quick trip to at least $2.00, possibly much higher. A 20 PE would equal about $6.00.
In that quote, next month is this month:)
I hope not. I hope it drops AH today or before open tomorrow.
Earnings could drop any minute, not sure if they are due tomorrow or Monday, due to the 15th being on Saturday.
You should maybe study required quiet periods before earnings.
Can insiders buy before earnings?
Now it is illegal insider trading. However, if they trade the security after the earnings are released, it is not considered illegal because they do not have a direct advantage over other traders or investors. Cornell University, Legal Information Institute.
This may be why we haven’t heard anything “ The earnings report quiet period is applied to the time frame that covers the four-week period that precedes the end of a company's fiscal quarter and extends to the actual date and time of the earnings report being released (most companies release their earnings reports within a month or two of the end of the quarter) ...”
According to the company financials will show 125 million dollars in audited revenue with around 5 million in profit or .29 a share. We should see a pop to $2.00, but?
Yes they are and hopefully they do a nice summary PR with them.
I agree. I am definitely not selling and have been adding on dips, but geez, I do wish the management would get their heads out of their asses!
No volume!!! WTF is management doing! Why no news? Financials are due Friday or possibly Monday since the 15th falls on Saturday. I have never seen a stock like APSI. They pull off an amazing merger, then no follow up. They need the share price up. Cranes didn’t go thru all of this, pull off the best merger I have ever seen a penny stock do, to have the PPS 4 months later at 50% less than it was before the merger. Tradition didn’t supply audited financials so they could go public to have this happen! I just don’t get it. The stock trades like it has less than a million share float, rather than a 17.2 million share one.
OS is only 6 million shares, may need a forward split to get some liquidity. REII should be able to move from the dollar range to the $5.00 range very quickly, with the current share structure.
Getting a few ask slaps this morning. APSI moves on air.
Loaded a few shares this morning, kicking myself for not buying last week. Huge news this morning!
Slapped the Ask (.25) for 2300 shares, got filled at .2363. Hmmm. I keep adding to my stash:)
Here’s one article from Forbes regarding NFTs: https://www.forbes.com/sites/forbesbusinesscouncil/2023/02/24/the-future-of-nfts-gaming-and-ip/?sh=6d8db0054670
This type of shorting is pretty rare in the OTC. It has been happening ever since the Super 8 was filed. Someone wants the price in this range, until the financials hit, imo. Don’t know if someone is trying to load or?
What is happening is if I hit say .25 for 5000 shares, someone will immediately bid whack .23 for maybe 500 shares. If you look at Fintel’s short interest in APSI ( that is updated in 15 minute increments) you’ll see these little shorts. 3,000 shares were shorted here today.
Here is what it looks like right now:
Short Interest 13,194 shares - source: FINRA
Short Interest Ratio 0.23 Days to Cover
Short Interest % Float 0.08% - source: FINRA (short interest), Capital IQ (float)
Off-Exchange Short Volume 2,760 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 28.89% - source: FINRA (inc. Dark Pool volume)
No that is not what he said.
I can’t disagree with those thoughts!
I would hope that is not a serious question. If you are actually a trader and don’t know the answer to your question, you shouldn’t be trading.
Based on their 2021 financials, I don’t think anything has been posted here is overly optimistic. They had 87 million dollars in audited revenues, with a positive EPS and the freaking stock is trading under a quarter, that is insane!
Next week could be real interesting here!
Holy crap, up 75%, breaking over $2.30! This is a run away freight train!
Record volume today (will trade well over 10 million shares), average 10 day volume is only 47,000 shares.