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It was only a reduction in authorized shares……but
it does suggest some OS may be returned to the treasury for cancellation.
The 10B figure doesn’t quite make sense based on the last 3 quarterly reports. (Reading the stitches on the fastball).
Plus Tony tweeted something last Spring about OS reductions.
Update: As we continue building our brands and different business units, look for some new structuring of the company with preferred shares, reduced OS, AS, and debt positions. We currently have zero convertible debt and with some additional funding we will create greater…
— Apple Rush Company (@RealAPRU_NEWS) April 3, 2023
The link I shared showed SOME US politicians…….
beat the market, some didn’t.
You even acknowledged as much.
Nothing misleading about it. Plus, I didn’t see any data in the link you shared.
Very misleading?
Amusing.
Lena's RA is a corporate attorney who also......
specializes in real estate.
Isn't that special!!!
https://guyerlaw.com/attorneys/attorney-tom-bueschel/
Fresh Calls for Stock Trading Ban After US Lawmakers Beat Market in 2023
Lena's sales matter more than APRU's. Those.......
sales figures are the foundation they will be building upon.
I wouldn't put much faith in sales for Apple Rush. Sure, they'll likely produce it at a lower cost, but in 50 years it's never really taken off.
By contrast, the brewery visitor said they didn't slow down all night.
Assuming Tony has/will submit new conversion….
rights for the Preferred A shares, they have to have reserves in the AS.
It doesn’t mean they plan to dilute.
Man I hope you’re right. Time to see…..
what’s under the worm poop.
They wouldn’t have waited for a whole year if the tech didn’t see treasure.
At least that’s what longs have said.
I agree.
Oh, and good thing it’s just a rumor. You can buy on rumors if you want. You just can’t buy on non-public info. At least you’re not supposed to.
The filing suggests an OS count reduction.......
is coming too.
Otherwise, the AS should have been reduced to 12B.
Do the math.
3. ISSUANCE. Shares of Preferred Stock Series A may only be issued in exchange for the full controlling interest
held by the Management or its designee.
4. VOTING RIGHTS.
a. If at least one share of Preferred Stock Series A is issued and outstanding, then the total aggregate issued
shares of Preferred Stock Series A at any given time, regardless of their number, shall have voting rights
equal to four times the sum of: i) the total number of shares of Common Stock which are issued and
outstanding at the time of voting, plus ii) the total number of shares of Preferred Stock Series B which are
issued and outstanding at the time of voting.
b. Each individual share of Preferred Stock Series A shall have the voting rights equal to:
[four times the sum of: {all shares of Common Stock issued and outstanding at time of voting + all shares of Preferred Stocks Series B issued and outstanding at time of voting}]
divided by:
[the number of shares of Preferred Stock Series A issued and outstanding at the time of voting]
https://www.otcmarkets.com/otcapi/company/financial-report/388840/content
The TA needs to receive the amendment time stamped……..
by the TX SOS for it to be official and then the TA will verify it with OTC.
The AS increase to over 49MM years ago was required (sort of) to keep enough reserve shares for conversion of the A’s. If you recall, LVVV cashed in half of their A’s they got from Corr in 2014 and converted them into over 9B common shares. Corr didn’t need 49MM AS, but he was supposed to have enough reserves to convert per the Designation.
What this should mean is the rest of the A’s have finally been cancelled, and corrections to the Designations of A’s and B’s are forthcoming. Perhaps in the same amendment. We’ll see.
In looking through the filings I saw this nugget from 2012. See the bottom of page 7 under Income Taxes. NOLS of over $11MM that don’t expire until 2027. The NOLS are now over $19MM, but the tax laws changed in 2021. Still very positive though.
https://www.otcmarkets.com/otcapi/company/financial-report/65857/content
I hadn’t thought about NOLS since the rule change.
https://www.investopedia.com/terms/n/netoperatingloss.asp#:~:text=A%20net%20operating%20loss%20(NOL,provision%20called%20a%20loss%20carryforward.
That’s what great about I-hub’s emojis…….
Just spoke with the County Clerk. No meetings……
for the Liquor Commission are scheduled for January - March, but can be scheduled if/when applications are made.
The ball is in Tony’s court “assuming” the Lena’s lender has no issue with APRU taking responsibility for the current note.
She’s waiting to hear from APRU.
Looks like someone from the Apple Dumpling Gang didn’t take the week off.
Shipwreck Oscars 2023 - Wreckwatch TV………
SFRX should win in multiple categories next year, don’t cha think?
Shipwreck Oscars 2023 - Wreckwatch TV………
APRU hasn’t acquired Lena yet. They have…..
paid the founders, but still need to be approved to assume responsibility for a note by Lena’s lender, and will then seek government approval for transfer of ownership (liquor licenses).
The $755K is most likely in escrow until transfer of ownership is completed.
That likely won’t happen before February since they still have some corporate issues to resolve.
Hopefully Tony can get it done.
GL
On December 18, 2023, the Apple Rush Company, Inc. transferred by wire the $255,000 balance to Lena Brewing, Inc. (“Lena Brewing”) to pay off outstanding promissory notes to various founders of Lena Brewing. This payment is the final payment after the initial $500,000 payment wired in October 2023. APRU and Lena Brewing will be working with Lena’s lenders for transfer of responsibility of outstanding loan covenants and guarantees to APRU and upon lender approval and transfer, APRU and Lena Brewing will file required paperwork with governmental agencies to transfer ownership of Lena Brewing to Apple Rush Company, Inc. as a wholly owned subsidiary.
https://www.otcmarkets.com/otcapi/company/dns/news/document/71675/content
Deepest wreck ever found. The “Sammy B.” (1944)…….
at a depth of 6,895 meters (22,621 ft; 4.284 mi).
This is bad ass. They confirm it around the 20 min mark, but it starts getting interesting around the 17 min mark.
Kava and kratom continue to prosper in Florida…
despite health concerns.
The generosity is touching. Sticky'd your post.....
GL
Looks like the Apple Dumpling Gang doesn't have much trust in Tony getting things done quickly.
I hope you're right. I wanna see......
the tech proven to work.
They've made that claim since July 2019.
Plus, Juno is supposed to hold the largest find in history.
You left this part out of your highlight.........
APRU and Lena Brewing will file required paperwork with governmental agencies (plural) to transfer ownership of Lena Brewing to Apple Rush Company, Inc. as a wholly owned subsidiary.
The $755K is likely in an escrow account until Stephenson County approves it.
#watchandlearn
It can't go that low. Read this.......
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173467742
I think Tony thought the Lena update would send this to the moon, hence the Tweet of old news.
The Apple Dumpling Gang still needs Christmas money.....apparently.
It's taken 18 months to get here, and.....
Tony claimed in August 2022 he was picking up the check to close on the deal. That didn't happen. Why was that?
How many closings were scheduled?
What was the SNAG?
Carl Allen with Josh Gates…….
Tell us again how APRU will purchase…….
an operating brewery to produce non-alcoholic beverages but won’t need a license.
That was such a credible story.
#hedge_funrallybro!
You think someone is seeking to establish…….
credibility with you and others who are butt hurt that Tony proved me right?
Amusing.
#gfy
Years ago before I realized Alonzo Pierce…..
was a clown, he and I discussed purchasing a winery called Blackstock Winery that had gone bankrupt after they got hit with frost two years in a row. Other wineries helped maintain the vineyard for more than a year while the property was for sale. I recall the bank was owed a little over $500K.
https://vineyardsofdahlonega.wordpress.com/2011/11/28/blackstock-vineyards-and-winery/
It became Kaya and they really took the winery to another level. To rent a cottage there this time of year is over $1000 a night. The mountain views beyond the vineyard are forever. It’s about a 90 acre property.
Looks like Tony has an investor(s) with a vision per the last two updates.
A craft brewery can quite profitable, just like a winery. The visitor to Lena said the staff was working their asses off, and Ross said earlier they’ve done some sort of expansion every year.
What could be….and should be!!!
https://www.kayavineyards.com/?gclid=Cj0KCQiA4Y-sBhC6ARIsAGXF1g5bMknZvetpUVX0wUBSH8t0xnEVYup46XK2exMpOM8RxT-VRc9WEpQaAgXdEALw_wcB
A vision is better than a PR. A shared…….
vision is even better.
I have to say Tony is stepping up his communications game.
#hedge_funrally
Are you going to pretend the one who…….
broke bread with Tony didn’t repeatedly claim I was wrong about how a brewery is acquired….via a liquor license? You know who I am talking about, Mr. APRU 2.0.
And when the filing was posted at OTC the brewery visitor responded to the one who broke with Tony and claimed he was right when the filing clearly states government approval (liquor license) is needed to complete the acquisition.
The filing is one of Tony’s best communications and all I have been saying for 18 months since the deal was announced. But we’ll just pretend none of that happened, okay? And when I said an acquisition was completed via a liquor license I was just hating on APRU.
As far as speculating it was a partial acquisition, you do remember Kyle saying in the video Ross appeared in that Lena was selling a percentage of the brewery don’t you? When was that, August 2022?
And what “speculating” have others made?
How many times have we seen Mr. APRU 2.0 claim Lena closing imminent?
It won’t be before they file with the SOS and get their registration in order, along with filing with the state and the county for a liquor license. At best that will best next month, either the 4th or the 11th, which is when the Commission should meet, just not sure of the date. That’s not imminent. In fact it’s quite predicable if you know where to look.
As far as me owning shares, didn’t someone claim me and my family did own shares?
Now be a good long and listen to the hall monitors about who you respond to. They get butt hurt about everything.
Anyway, congrats on the update. Hopefully Tony gets it done and you make a ton.
Hedge_fun rally day two!!!
Hedge_fun rally off to a good start……
The next Commission meeting is Jan 4th or 11th……
The schedule isn’t listed.
Not sure if the state can work that fast, so maybe by Feb 1st or the 8th.
Need to get the SOS cleaned up too.
Yep. They say things like…….APRU
needs to first acquire Lena then get licensed.
Tony put that crap to bed.
#hedge_funrallybro
Congrats on the hedge_fun rally Zo!……Hope
the license process and transfer to APRU goes smooth.
Need to get a promo group in here and keep the hedge_fun rally going.
Long live bloggers!!!
Tony proving me right got it going……
for sure.
One of his best communications.
Long live bloggers!!!
I remember folks claiming the train had…….
left the station when it ran up to .005 earlier this year.
Imagine buying .003’s and .004’s.
Why would they not get a license?…….
Are you talking about someone who rightfully.....
said government approval was needed (a license) for transfer of ownership of Lena?
Asking for a friend.
Long live bloggers!!!
I’m amused Tony proved me right. Talk……
about irony. It’s makes the board so much fun.
Back in the Spring someone was claiming APRU would first purchase Lena and then apply for a liquor license. He said I was getting the cart before the horse. As yesterday’s update says, government approval needed to transfer ownership.
The same poster claimed APRU’s principals would not need to apply for a liquor license. APRU 2.0, blah, blah, blah.
Then there were some claiming a liquor license won’t be needed to produce soft drinks.
Well DUH.
Long live bloggers.
Sic ‘em Tony!
Bwahahahaha
It’s good when Tony proves me right…….
Need the government to approve transfer of ownership of a brewery.
APRU and Lena Brewing will be working with Lena’s lenders for transfer of responsibility of outstanding loan covenants and guarantees to APRU and upon lender approval and transfer, APRU and Lena Brewing will file required paperwork with governmental agencies to transfer ownership of Lena Brewing to Apple Rush Company, Inc. as a wholly owned subsidiary.
Go bloggers go!!!
Congrats Jeff. Hope you make a ton!!!
It could be before. Tony needs to……
get the registration in order and apply for the liquor licenses so they can acquire Lena.
As soon as Lena’s lender approves of transferring the note to APRU, Tony needs to put the hammer down and they could at least get County approval before MLK. Not sure if the state can get it done.
We’ll see.
Looks like the snag is coming to an end.
Congrats.