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This should be above $2 by now, but somehow it's going backwards.
Float 16 Mil, Market Cap 10 Mil, held by institutions 32%, 6% short, time to see the rainbow. $CNTX.
More that twice the float has been traded already. $CNTX
BLUE Apron (APRN) Stock Fans Push for CEO to Tackle ‘Naked Short Selling’
All aboard the naked short selling investigation train
5d ago · By Eddie Pan, InvestorPlace Assistant News Writer
https://investorplace.com/2023/01/blue-apron-aprn-stock-fans-push-for-ceo-to-tackle-naked-short-selling/
Blue Apron (APRN) shareholders have drafted a petition to investigate naked short selling.
The petition currently has over 500 signatures.
Shares of APRN stock are up by about 2%.
BUY ALERT: !!!
APRN stock - BLUE Apron (APRN) Stock Fans Push for CEO to Tackle ‘Naked Short Selling’
The recent crusade against potential market manipulation began after Genius Group (NYSEMKT:GNS) announced that it had formed an “Illegal Trading Task Force” to investigate naked short selling. Following the announcement, shares of GNS accelerated higher by over 250%.
It appears that other companies were taking notes. Shortly after the announcement, Helbiz (NASDAQ:HLBZ) CEO Salvatore Palella announced a similar plan of action to investigate naked short selling, which drove shares of HLBZ higher.
Now, shareholders of Blue Apron (NYSE:APRN) have taken it upon themselves to draft a petition against naked short selling. At the time of writing, the petition had over 500 signatures.
APRN Stock Holders Call For Naked Short Selling Investigation
The petition asks CEO Linda Findley to investigate naked short selling, which is “damaging our investment.” In the comments section of the petition, shareholders are confident that something fishy is going on with APRN stock.
Naked short selling occurs when a short seller does not own all or any of the shares at the time of settlement, which results in a concept known as failure to deliver (FTD). This can result in the creation of phantom shares, which could lower the price of a stock due to dilution.
5 STOCKS THAT COULD DOUBLE OR TRIPLE IN THE MONTHS AHEAD
According to Fintel, a total of 2.42 million shares failed to be delivered last month. FTD was relatively high during late September and early October.
The Securities and Exchange Commission (SEC) notes that naked short selling is “not necessarily a violation of the federal securities laws or the Commission’s rules,” and in some instances, contributes to market liquidity. In addition, retail investors cannot enact FTD scenarios, although market makers and broker-dealers can.
Meanwhile, shares of APRN stock have declined by over 80% in the past year. The big question is whether that decline is attributed to company health or market manipulation.
During Q3, Blue Apron reported revenue of $109.7 million, which was flat year-over-year and down 11.7% quarter-over-quarter. The average customer order value tallied in at $70.83, a record high and up 13.7% YOY. Furthermore, the company also flagged a going concern risk in the event that a private placement of $56.5 million from RJB Partners is not received. In Dec., Blue Apron received $1 million from the private placement, which resulted in the issuance of 176,991 shares.
Apexigen Inc. (APGN)
Roth Capital: Buy, $15 Target
https://pennystocks.com/featured/2023/01/25/4-penny-stocks-to-buy-according-to-analysts-targets-over-600/
Finally, Apexigen has pulled an about-face since the start of the new year. The company hit fresh, 52-week lows on the first day of trading for 2023 but so far has bounced back more than 100%. If analysts are to be believed, they expect much more, which we’ll discuss later in this section.
Apexigen develops antibody-based therapeutics for cancer treatment and recently posted new Phase 2 data. This data evaluated its sotigalimab in treating tumors in patients with esophageal/gastro-esophageal junction (E/GEJ) cancer and a separate study in rectal cancer tumors. The data was recently presented at the ASCO Gastrointestinal Cancers Symposium earlier this month.
Recent news regarding a $2.8 million financing deal doesn’t seem to have impacted the market. The funding round is expected to close by the end of this month, with proceeds going toward the ongoing Phase 2 study of sotigalimab.
What is the APGN stock forecast? Roth Capital recently reinstated its coverage of the company. The firm gave a Buy rating and price target of $15. APGN stock closed at $1.99 on Tuesday, which puts Roth Capitals forecast 654% higher.
On January 17, 2023, Exela Intermediate, LLC (“Intermediate”), an indirect, wholly-owned subsidiary of Exela Technologies, Inc. (“ETI”) did not make the semiannual interest payments (the “Interest Payments”) due under its 11.500% First-Priority Senior Secured Notes due 2026 (the “2026 Notes”) and 10.0% First Priority Senior Secured Notes due 2023 (the “2023 Notes” and, together with the 2026 Notes, the “Notes”)). As provided for in the indentures governing the Notes, Intermediate has a 30-day grace period to make the Interest Payments.
https://investors.exelatech.com/node/10731/html
Intermediate is in advanced discussions with potential third-party sources of liquidity, and believes that it is likely that together with liquidity to be provided by ETI and its other subsidiaries Intermediate will have funds sufficient to meet the coupon payments due under the 2026 Senior Notes and the stub of the remaining 2023 Senior Notes during the grace period. However, there can be no assurance that Intermediate will be successful in raising sufficient capital to make such coupon payments.
Separately, ETI has filed its appeal to the Nasdaq delisting notice described in the Current Report on Form 8-K filed on January 6, 2023, and a hearing date has been set for March 2, 2023. The delisting is stayed pending the outcome from that hearing.
Exela Technologies Signs Strategic Partnership with Quintes Global
January 10, 2023
https://investors.exelatech.com/news-releases/news-release-details/exela-technologies-signs-strategic-partnership-quintes-global
CHENNAI, India, Jan. 10, 2023 (GLOBE NEWSWIRE) -- Exela Technologies, Inc. (“Exela”) (NASDAQ: XELA, XELAP), a global business process automation (“BPA”) leader, today announced a partnership with Quintes Global (“QG”), an innovative company with a differentiated first-of-its-kind offering of ‘Dedicated Captive Solutions’ headquartered in New Delhi, India. Exela will deploy its cloud-based Robotic Process Automation (“RPA”) solution, to enable end-to-end digitization of processes performed by QG for its customers under the unique Dedicated Captive Model.
Exela provides an intuitive and fully customizable RPA solution that can be leveraged to create task-specific software bots that deploy best practices using big data, machine learning, artificial intelligence, natural language processing, and predictive analysis. The solution is a component of Exela’s Exchange for Bills and Payments (“XBP”) portfolio within the Information and Transaction Processing Solutions (“ITPS”) accounting segment, which generated $874.2 million in revenue for FY 2021.
“Exela is maximizing its relationships and infrastructure in Asia to drive revenue within the region. We are excited to partner with Quintes Global to enable end-to-end digital transformation of their customers’ organizational processes," said Sandeep Sapru, President, India and Philippines, Exela Technologies BPA. He added, “We look forward to solving major pain points such as extended turnaround times, manual errors, and sub-optimal capacity utilization and are building and deploying bots to make the processes robust, smart, and efficient to eliminate these challenges.”
Rakesh Sinha, Founder and CEO, Quintes Global emphasized the value of the strategic partnership between QG and Exela by stating, “QG’s Transformation Capability as a Service (“TCAAS”) offering combines the optimization of existing technology as well as bringing in new-age technology for effective transformation. Exela brings immense value to our aggregated capabilities for cutting-edge technology and tools that help in driving end-to-end enterprise services transformation. We firmly believe in our mantra of ‘Transformation in a Box’ – blended and balanced focus on technology, process redesign and change enablement.”
About Quintes Global (QG)
QG is a venture of a few pioneering leaders who have led the Business Process Management value story of India since the mid-1990s. The Company was established to provide transformation-centric business process solutions under the Dedicated Captive (D-CapTM) model, with the objective of 'co-creating value.' QG draws upon the rich business services experience of the Founders in respect of setting up, managing, and handing over Captive Shared Services across a spectrum of support functions and industry verticals and a wide variety of business process transformation and automation assignments serving some of the marquee global and Indian companies. They are pioneers in spreading the power and value of Captive Shared Services within India across manufacturing and services sectors by creating the contextual business case through talent and skill arbitrage. It is a unique organization that can combine the expertise for India's domestic as well as Offshore Centre operations. The D-CapTM Model, hence, is evolved out of the immense captive experience gained from similar operations and expertise/capabilities over the last 25 years, with the vision to achieve significant growth of the organization, thereby providing relevant growth potential to the Client, Team, Partners, and all other stakeholders.
For more details visit our website: https://www.quintesglobal.com/
Follow us:
LinkedIn: https://www.linkedin.com/company/quintes-global-private-limited/
Twitter: https://twitter.com/quintesglobal
Facebook: https://www.facebook.com/quintesglobal
About Exela Technologies
Exela is a business process automation (BPA) leader, leveraging a global footprint and proprietary technology to provide digital transformation solutions that improve efficiency, quality, and productivity. With decades of experience operating mission-critical processes, Exela serves a growing roster of more than 4,000 customers throughout 50 countries, including over 60% of the Fortune® 100. With foundational technologies spanning information management, workflow automation, and integrated communications, Exela’s software and services include multi-industry solution suites addressing finance & accounting, human capital management, facilities optimization, and legal management, as well as industry-specific solutions for banking, healthcare, insurance, and the public sector. Exela is a leader in workflow automation, attended and unattended cognitive automation, digital mailrooms, print communications, and payment processing, with deployments across the globe. Exela’s products and solutions have been recognized and validated by leading independent industry analysts like Everest Group, NelsonHall, Madison Advisors, and Gartner, among others. Through cloud-enabled platforms, built on a configurable stack of automation modules, and approximately 16,500 employees operating in 21 countries, Exela rapidly deploys integrated technology and operations as an end-to-end digital journey partner.
For more Exela news, commentary, and industry perspectives, visit: https://investors.exelatech.com/
And please follow us on social:
Twitter: https://twitter.com/exelatech
LinkedIn: https://www.linkedin.com/company/exela-technologies
Facebook: https://www.facebook.com/exelatechnologies/
Instagram: https://www.instagram.com/exelatechnologies
The information posted on the Company's website and/or via its social media accounts may be deemed material to investors. Accordingly, investors, media and others interested in the Company should monitor the Company's website and its social media accounts in addition to the Company's press releases, SEC filings and public conference calls and webcasts.
Forward-Looking Statements
Certain statements included in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "may", "should", "would", "plan", "intend", "anticipate", "believe", "estimate", "predict", "potential", "seem", "seek", "continue", "future", "will", "expect", "outlook" or other similar words, phrases or expressions. These forward-looking statements include statements regarding our industry, future events, estimated or anticipated future results and benefits, future opportunities for Exela, and other statements that are not historical facts. These statements are based on the current expectations of Exela management and are not predictions of actual performance. These statements are subject to a number of risks and uncertainties, including without limitation those discussed under the heading "Risk Factors" in Exela's Annual Report and other securities filings. In addition, forward-looking statements provide Exela's expectations, plans or forecasts of future events and views as of the date of this communication. Exela anticipates that subsequent events and developments will cause Exela's assessments to change. These forward-looking statements should not be relied upon as representing Exela's assessments as of any date subsequent to the date of this press release.
Investor and/or Media Contacts:
Vincent Kondaveeti
E: vincent.kondaveeti@exelatech.com
Mary Beth Benjamin
E: IR@exelatech.com
Getty Images suing the makers of popular AI art tool for allegedly stealing photos
By Jennifer Korn
Updated 9:47 AM EST, Wed January 18, 2023
https://www.cnn.com/2023/01/17/tech/getty-images-stability-ai-lawsuit/index.html
'Flood of cheating': Expert warns new tool will be a game changer for cheaters
03:52 - Source: CNN
New York
CNN
—
Getty Images announced a lawsuit against Stability AI, the company behind popular AI art tool Stable Diffusion, alleging the tech company committed copyright infringement.
The stock image giant accused Stability AI of copying and processing millions of its images without obtaining the proper licensing, according to a press release issued Tuesday. London-based Stability AI announced it had raised $101 million in funding for open-source AI tech in October and released version 2.1 of its Stable Diffusion tool in December.
“Getty Images believes artificial intelligence has the potential to stimulate creative endeavors. Accordingly, Getty Images provided licenses to leading technology innovators for purposes related to training artificial intelligence systems in a manner that respects personal and intellectual property rights,” Getty wrote in the statement. “Stability AI did not seek any such license from Getty Images and instead, we believe, chose to ignore viable licensing options and long standing legal protections in pursuit of their stand-alone commercial interests.”
Getty declined to comment further on the suit to CNN, but said that it requested a response from the AI firm before taking action. Stability
“Please know that we take these matters seriously. It is unusual that we have been informed about this intended legal action via the press,” a Stability AI spokesperson told CNN. “We are still awaiting the service of any documents. Should we receive them, we will comment appropriately.”
AI art and traditional media suppliers have struggled to coexist in recent months as computer-generated images grow more available and advanced, using human-created images and art as data training.
Once available only to a select group of tech insiders, text-to-image AI systems are becoming increasingly popular and powerful. These systems include Stable Diffusion and DALL-E, from OpenAI.
Shutterstock, a Getty Images competitor and fellow stock image platform, announced plans in October to expand its partnership with OpenAI, the company behind DALL-E and viral AI chat bot ChatGPT, and enhance AI-generated content while launching a fund to compensate artists for their contributions.
These tools, which typically offer some free credits before charging, can create all kinds of images with just a few words, including those that are clearly evocative of the works of many, many artists, if not seemingly created by them. Users can invoke those artists with words such as “in the style of” or “by” along with a specific name. Current uses for these tools can range from personal amusement and hobbies to more commercial cases.
In just months, millions of people have flocked to text-to-image AI systems which are already being used to create experimental films, magazine covers and images to illustrate news stories. An image generated with an AI system called Midjourney recently won an art competition at the Colorado State Fair, creating an uproar among artists, who are concerned that their art can be stolen by these systems without due credit.
“I don’t want to participate at all in the machine that’s going to cheapen what I do,” Daniel Danger, an illustrator and print maker who learned a number of his works were used to train Stable Diffusion, told CNN in October.
Stability AI founder and CEO Emad Mostaque told CNN Business in October via email that art is a tiny fraction of the LAION training data behind Stable Diffusion. “Art makes up much less than 0.1% of the dataset and is only created when deliberately called by the user,” he said.
CNN’s Rachel Metz contributed to this report.
Welcome to $GETY, the most shorted stock in the market, 99,9% short, MOASS is underway.
<<<$APRN, $1.03, Market Cap 40 Mil, Shares Outstanding 39.6 MIL, Held by Institutions 13%, Shorted 50.11%>>>
<<<$APRN, $1.03, Market Cap 40 Mil, Shares Outstanding 39.6 MIL, Held by Institutions 13%, Shorted 50.11%>>>
<<<$APRN, $1.03, Market Cap 40 Mil, Shares Outstanding 39.6 MIL, Held by Institutions 13%, Shorted 50.11%>>>
<<<$APGN, +40% Premarket>>>>
<<<$APGN, +40% Premarket>>>>
You forgot it's Tax Return Season, plenty easy money coming this way, no worries.
116 mil shares volume by 12 PM, the O/S is 122 Mil, this will pop real high real soon, do not give them 1 share for cheap. Money is buying and liquidity is great here.
Time to load, I just added 40 K more shares, it's too low not to take advantage. $XELA is shorted over 20%, they will have to cover soon, don't get discouraged.
Finished, green, that means 230 million shares are now held by better hands,
After this run, I'm gonna short all the major Banks.
Several Hedge Funds are going out of business as they don't qualify for the all new Quantum Financial System. QFS
With the new QFS, every single trade is tracked from it's origin. All banks and hedge funds must now be backed with gold. No exceptions. 50% of all US banks didn't qualify and will go out of business or have to merge with an institution that does.
The borrowing of shares to short sell away days are soon to be over.
Short selling should be considered financial terrorism, I can't stand these mofos.
"Smart money" as you call it, lost big today and they will loose much more, I made bank on options today and Hedge Funds will give back everything they robbed from us really soon and in a flash, anything you buy long for the next 2 weeks will pay handsomely. I hope they did not spend that money yet cause margin calls are ringing all around town for shorts tonight.
Hang in there homie, I did not sell a share past 10 cents, and I was hoping to see a drop so I can buy more, I usually buy options but the spread is not good at this price, bulls are destroying Citadel and Blackrock, as of now the most shorted stocks are AMC, MULN,BBBY, NRBO and $XELA with at least %25 shorts, $XELA does not need to have any special news or a great CEO, when these Hedge Funds start scrambling for cash they will shoot the whole market trough the roof, sentiment is low everywhere cause the markets have been garbage for more than a year, but it would be very stupid to sell now at the lowest levels.
Institutional ownership increased from 25% to %29 in just 3 days, big news will send this to the moon, and we all know biotech's run hard when they do. Hang tight and you'll bank hard.
10 day average volume is 62 mil, today's volume was 230 mil, $XELA will see a huge squeeze very soon as the bulls are leading the markets.
On the last squeeze 6.5 Bil shares exchanged hands in one day, $MULN squeeze could be just few days away.
200 mil volume, $MULN might see $1 by next week, a lot of interest here, it seems that everything is starting to squeeze nicely, all Meme stocks are making a killing lately, $MULN is next, hold on to your shares and you'll bank big.
$XELA runs without warning, as it always does, next run will be to $0.15, they brought it down to load up before the next squeeze.
Here's your chance to address your CEO directly.
https://stocktwits.com/pchadha/message/504403370
SEC Charges Exela Technologies, Former CFO for Reporting and Controls Failures
https://www.sec.gov/enforce/34-96535-s
ADMINISTRATIVE PROCEEDING
File No. 3-21256
December 19, 2022 - The Securities and Exchange Commission today announced settled charges against Exela Technologies, Inc., an IT company headquartered in Irving, Texas, for reporting, controls, and recordkeeping violations. The SEC also announced settled charges against Exela's former Chief Financial Officer, James G. Reynolds, with causing Exela's reporting violations in one quarter relating to two related party transactions.
According to the SEC's order, from mid-2017 through 2019, Exela failed to properly account and report for liabilities it incurred when it was sued by minority shareholders who dissented from a 2017 merger and sought the fair value of their shares. While Exela had disclosed the shareholders' claim in its SEC filings while the suit was pending, Exela erroneously failed to accrue for any payment it would have to make to those dissenting shareholders. The order finds that Exela also failed to properly identify, account for and, in one quarter, disclose certain related party transactions with an entity that was controlled by Company leadership. According to the order, Reynolds caused Exela's failure to identify and disclose two of those transactions in one 2019 quarterly filing.
The SEC's order finds that Exela violated Sections 13(a), 13(b)(2)(A) and 13(b)(2)(B) of the Exchange Act and Rules 13a-1, 13a-13,13a-15(a) and 12b-20 thereunder, and that Reynolds caused Exela's violations of Section 13(a) of the Exchange Act and Rules 13a-13 and 12b-20 thereunder. Without admitting or denying the SEC's findings, Exela and Reynolds have agreed to cease-and-desist orders and to pay civil money penalties in the amounts of $175,000 and $10,000, respectively.
The SEC's investigation was conducted by Lesley Atkins and Natalie Lentz, and supervised by Jeff Leasure, Kristen Dieter, and Mark Cave.
Institutional Ownership and Shareholders
https://fintel.io/so/us/xela
Exela Technologies Inc (US:XELA) has 7 institutional owners and shareholders that have filed 13D/G or 13F forms with the Securities Exchange Commission (SEC). These institutions hold a total of 13,704 shares. Largest shareholders include FNCMX - Fidelity Nasdaq Composite Index Fund, Benedetti & Gucer, Inc., IFP Advisors, Inc, and Lake Point Wealth Management.
Exela Technologies Inc (NASDAQ:XELA) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. Major shareholders can include individual investors, mutual funds, hedge funds, or institutions. The Schedule 13D indicates that the investor holds (or held) more than 5% of the company and intends (or intended) to actively pursue a change in business strategy. Schedule 13G indicates a passive investment of over 5%.
The share price as of January 6, 2023 is 0.07 / share. Previously, on January 7, 2022, the share price was 14.02 / share. This represents a decline of 99.49% over that period.
IMPORTANT: This company has reported a 20 to 1 reverse split as of 2022-07-26. The ownership data on this page IS NOT adjusted for this split. It is incumbent upon the reader to determine if this split affects this data and adjust the figures appropriately. Our engineering team is working on a solution to provide split-adjusted figures in the future.
XELA / Exela Technologies Inc Institutional Ownership
Fund Sentiment Score
The Fund Sentiment Score (fka Ownership Accumulation Score) finds the stocks that are being most bought by funds. It is the result of a sophisticated, multi-factor quantitative model that identifies companies with the highest levels of institutional accumulation. The scoring model uses a combination of the total increase in disclosed owners, the changes in portfolio allocations in those owners and other metrics. The number ranges from 0 to 100, with higher numbers indicating a higher level of accumulation to its peers, and 50 being the average.
Update Frequency: Daily
See Ownership Explorer, which provides a list of highest-ranking companies.
In addition to reporting standard equity and debt issues, institutions with more than 100MM assets under management must also disclose their put and call option holdings. Since put options generally indicate negative sentiment, and call options indicate positive sentiment, we can get a sense of the overall institutional sentiment by plotting the ratio of puts to calls. The chart to the right plots the historical put/call ratio for this instrument.
Using Put/Call Ratio as an indicator of investor sentiment overcomes one of the key deficiencies of using total institutional ownership, which is that a significant amount of assets under management are invested passively to track indices. Passively-managed funds do not typically buy options, so the put/call ratio indicator more closely tracks the sentiment of actively-managed funds.
XELA / Exela Technologies Inc Historical Put/Call Ratio
13D/G Filings
We present 13D/G filings separately from the 13F filings because of the different treatement by the SEC. 13D/G filings can be filed by groups of investors (with one leading), whereas 13F filings cannot. This results in situations where an investor may file a 13D/G reporting one value for the total shares (representing all the shares owned by the investor group), but then file a 13F reporting a different value for the total shares (representing strictly their own ownership). This means that share ownership of 13D/G filings and 13F filings are oftentimes not directly comparable, so we present them separately.
Note: As of May 16, 2021, we no longer show owners that have not filed a 13D/G within the last year. Previously, we were showing the full history of 13D/G filings. In general, entities that are required to file 13D/G filings must file at least annually before submitting a closing filing. However, funds sometimes exit positions without submitting a closing filing (ie, they wind down), so displaying the full history sometimes resulted in confusion about the current ownership. To prevent confusion, we now only show 'current' owners - that is - owners that have filed within the last year.
to unlock premium data.
File Date Form Security Prev
Shares Current
Shares Change
(Percent) Ownership
(Percent) Change
(Percent)
2022-04-20 13D/A Hovs Llc 74,393,234 11,852,840 -84.07 2.65 -94.70
2022-02-01 13D/A B. Riley Financial, Inc. 15,071,322 300,000 -98.01 0.10 -98.28
2022-01-28 13G/A Delos Capital Management, LP 15,485,248 3,426,223 -77.87 1.85 -82.04
I have a feeling someone is going to snatch the company up, or they intend to go private, either way someone will have to buy my shares at a much higher price. Not worried at all.
XELA Triggered a strong Buy Signal.
Exela Technologies Inc
0.0833
0.0021 (2.59%)
XELA Triggered a Bullish run.
Exela Technologies Inc
0.0833
0.0021 (2.59%)
Watch tomorrow, we close 9-10 cents.
That anyone could buy the entire float for only $9 mil and control the vote, thus owning a $1.2 Bil company for just 9 million dollars., are you serious ?
Don't know about you but I will buy $12,000 for $900 any day of the week. It's only a zero's game here.
XELA will be 20 cents in one week.
22,000 workers, AMC is 5$ Bil in debt trading @ $4 and AMC Market Cap is $2.1 Bil. compared to XELA 9 Mil, XELA could buy their entire float 100 times over....,but by all means, keep it at 8 cents PPS, I need to buy more.
Exela Technologies, Inc. is an American business process automation company. It was created with the merger of SourceHOV LCC, Novitex Holdings, Inc. and Quinpario Acquisition Corp. 2. Wikipedia
Stock price: XELA (NASDAQ) $0.08 0.00 (-0.12%)
Jan 5, 4:00?PM EST - Disclaimer
Subsidiaries: SourceHOV, BancTec, Inc., Exela Intermediate LLC, MORE
CEO: Ron Cogburn (Jul 2017–)
Founded: 2017
Headquarters: Irving, TX
Number of employees: 22,000
Revenue: 1.293 billion USD (2020)
Current Market Cap $9 Mil
18% Short positions
Shorts don't even bother anymore, volume is so low is pathetic.
Stick a fork in it.
Everybody knows that preferred shares are protected against a R/S that is why Aron wants to convert preferred into common shares so they can both be reduced at once and as a whole. If APE shareholders vote in favor to convert they automatically and indirectly voted for a R/S
So ,..saying I am voting for conversion but I won't vote for a R/S is not really a decision that might have your desired outcome when the ballots are counted.
Usually preferred shares have no voting rights, so I am not sure how these APE issued shares are special.