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What they officially filed to the SEC today …
is that their “earnings per share” are $1.14 “per share”. That is very good. It’s showing up in the link below, below the screenshot of it.
https://www.sec.gov/Archives/edgar/data/1553264/000168316824002528/xsl1-A_X01/primary_doc.xml
If so, why no disclosure to shareholders on that?
No official communication on record from them.
Yet, the Tradition employee i talked to over the phone earlier this week is already getting their paychecks from “Central Marketing” Transport, instead of Tradition.
Which means that the merger/acquisition/sale of the trucking division of the company (whatever you want to call it) has already been “completed” and done “officially”.
It’s not like it’s “pending” or anything.
It’s done.
Yet, no communication or disclosure to shareholders. Crazy.
Ok, thanks ….
Does anyone have the permanent links then?
And the plot thickens ….
Maybe the case isn’t exactly 100% settled after all? Someone stepped in at the last second and said, “let’s appeal something?”, lol.
Evans family would be my guess if so. They seem to be pretty ignorant, especially if Carnes took their company from them right under their noses, and now they’re late to the game in discovering more about what is taken from them? Who knows.
If APSI becomes an empty shell again ….
There is no reason to sell now at a $300,000 market cap.
The average empty shell historically in the OTC usually has around a $3 million market cap, which is about 10x current market cap here.
Carnes did clean up this shell entirely before the Tradition super 8k.
If Tradition is indeed gone from shareholders, then APSI goes back to an empty shell, which is what it was directly before the super 8k.
Another company can then reverse merge in to this ticker at a later date. Especially a clean shell like this one, if all things Tradition are indeed sold off.
Shareholders still owned some equity in the company ….
If Tradition is really selling divisions of their company to other companies (trucking business to Central Marketing Transport, and their warehousing business to another separate company, as I was told yesterday), then shareholders should and would still get their % portion of that.
It may end up being net losses for shareholders still (who really knows at this point how much so), but shareholders should still get something out of it.
Yeah, and why haven’t we heard about it yet?
Something strange going on with this. Shareholders will get to the bottom of it, and if there is any foul play, the instigators and orchestrators of this will surely pay.
Karma always comes back around.
If this impacts shareholders ….
Then shareholders will band together and file a class action lawsuit against Carnes.
Where is the disclosure for this?
He also posted a pump article a year ago that got a promo badge on OTC Markets.
The future may not look good for Carnes in terms of his freedom and/or financial situation, if lots of lawsuits come his way.
Tradition’s VP of Sales ….
Is now listed as employed with TF Trucking and Central Marketing Transport starting this month in April, on LinkedIn.
And his previous employment was listed with Tradition Transportation through April 2024 on LinkedIn. This corroborates with what I was told over the phone (“Central Marketing” transport) ….
https://www.linkedin.com/in/joshua-farrior-43b78620
Just talked to someone at Tradition ….
Tradition trucking is merging with Central Marketing Transport. She called it a merger. They are still hiring drivers, but sounds like they are merging in to Central Marketing Transport, and not the other way around.
She said the warehousing part of their company is being acquired by some other separate company (the name of the company was an acronym, as she stated).
If this is true, why is there is no news or disclosure yet on this?
$0.40, $0.95, and $2.00+
Over a $2 billion buyout ….
Dr. Korenko’s ultimate agenda appears to sell this to big pharma in the billions range.
Even a $2 billion buyout puts us at or above $5.00 per share.
All good
They were all restricted.
The 10 million unrestricted you’re talking about happened on March 6th, which was after your 238 million O/S screenshot on ST.
The O/S became 248 million on March 6th.
106 million restricted shares were added today.
This makes sense
I think the news of IDE approval ….
Takes us past $1.00 within the same week (hours/days) after that announcement.
My guess is at or near $1.50 is where the run would go up to.
Buyout coming ….
$1.8 billion buyout.
With approx 400 million O/S
= $4.50 per share
The news cast said human trials ….
in the “next year or so”.
So we might be a little further away from that than we hoped for.
Still, it was a great news cast.
Yet, the $24.7 million in debt is “forgiven” and wiped away ….
That is an important item.
This is just as good as getting $24.7 million in free grant money. News like that would have exploded the stock price.
In fact, it’s even better.
Wiping off $24.7 million of debt is basically as good as getting $30 million in free funding. As it would take $30 million of payments to pay off $24.7 million in debt, including paying interest on that kind of debt in the payments.
The +$19.5 million in Net Income is the bottom line now, as the bottom line earnings for 2023.
$19.5 million * 39 (average PE ratio in this industry per stervc) = $760 million market cap.
$760 million / 17.2 million OS = $44.18 per share.
Let’s get this lawsuit settled out of court, and all sides can benefit with the right settlement.
Indeed they are ….
Still unaudited as of now.
Total revenue for 2023 was $85.5 million. They also had a $24.7 million “gain” on some forgiveness of debt. This led to a (bottom line) positive Net income of +19.5 million for 2023.
And on the balance sheet, Total Assets are $85.9 million, Total Liabilities are $66.4 million, and Total Stockholders Equity is +$19.5 million.
Their Long-term debt at the end of 2022 was $43.8 million on the balance sheet under liabilities, and long-term debt at end of 2023 is showing as only $19 million. Over $24 million in long term debt has been wiped away somehow due to forgiveness on both the income statement report and the balance sheet report. That is good to see.
Positive $19.5 million in Stockholders Equity is really good. They owe a lot less long-term debt than they did before.
Revenue was less year over year, but total liabilities went down a ton, which was good to see. More efficiency overall, and revenue will go up again as they continue to key in on acquisitions - acquiring other trucking companies.
Someone said it on the other forum.
I agree.
I think Korenko is going to sell this soon after IDE approval (he is 78 years old), for somewhere in between $1 and $2 billion. He is aiming for a buyout.
$1 - $2 billion buyout, puts share price right around $2.00 - $4.00 range.
I honestly think that is what is going to happen, and our shares will be sold in that range, before the end of this year.
Silver Land coming in the future
$87 million “audited” revenue a couple of years ago.
As reported to the SEC, as shown in the super 8k.
Close to $100 million in “assets” on the audited financials report, on that same official “audited” filing a couple of years ago.
This one is a hold, no matter how long it takes.
100% true
Not all O/S increases are from dilution.
They raised money earlier as needed, and now those notes are being converted.
Corporate update exceeded my expectations.
2024 from here on out ….
It’s on like Donkey’s schlong.
Elon Musk is a rugby fan.
He grew up in South Africa, and has commented on the Rugby World Cup several times in the past.
Yeah, it was really a crock of shidt.
A big heap of shidt in a big crock.
So someone spent over $12,000 worth of buying volume ….
in the last 30 minutes of the day.
And you call that a “paint job” ???
LOL
Yep ….
There was a 25,000, 29,900, and a 5,100 trade, all at $0.04 during the last few minutes.
That is certainly not a ‘paint job’, Shiiiiieeedtt.
Especially when someone kept hitting the ASK for like 300,000+ shares over the final 30 minutes of the day.
wrong
At $0.04, the market cap ….
is now back to $600,000+
Which is still really low for a $100 million revenue company.
It sure looks that way ….
I didn’t notice it until after close, and then I decided to check my stocks for the day, and i was like “what?” LOL
Volume today so far is twice the daily average.
Someone appears to still be buying, and maybe they’re doing it a little more patiently today than on Friday.
Has anyone ever driven down there to the address given to see if it exists? ….
I’m sure it does, but would be good to get confirmation.
Exactly ….
And maybe Q4 revenue is substantial. They mentioned it’s always their best quarter in the past, in one of their filings. Which makes sense, more deliveries and more trucks on the road for the holidays.
I’m guessing it’s possible a person in the know bought a lot of shares today, because the Q4 filing comes out soon, and they already know it’s going to be a ton of revenue?
We’ll see.
It’s a possible thought, but I’m just guessing on that being a possibility.
Copper land, and then ….
Silver land.
Looking good here.
Nearly 900,000 in volume now ….
This is now the largest daily volume we have seen with APSI since Sep. 21, 2022.
And it’s the 2nd largest volume day we’ve had in nearly the past 3 years.
If it ends up larger than 992,639, then it’s the largest volume in 3 years.
Then prove it and post it ….
Post the link.
Post the proof.
No link, no proof, then your post is taken with a whole block of salt (as opposed to just a grain of salt).