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Do you actually think Tradition would allow that? I know they would not. This is a legit merger, with a legit company.
I don’t see where he diluted that one either. The shell had a huge OS when he took it over, but I don’t see where he sold his shares.
Doesn’t mean he’ll sell his shares until the company is successful or how he will structure the shares once the merger is complete. Give me an example where he actually diluted!
He hadn’t diluted any shares in that example. OS was 126,158,000 and float is only around 11 million shares. I said show me one Carnes actually diluted, not one he could dilute.
I don’t see dilution there:
Outstanding Shares
126,157,992
03/23/2023
Restricted
79,043,794
03/23/2023
Unrestricted
47,114,198
03/23/2023
He really doesn’t have a history of that. He is currently on Tradition’s/APSI’s board, I suspect his shares may be converted to Preferred, maybe 5 million of them, exercisable at $2.00+. It makes no sense to go to all this trouble only to tank the PPS. Give me an example of where he did that.
Actually with APSI, he canceled shares and reduced the OS a year ago, to the level it remains to today. Not a single share has been sold, except right at the beginning he sold 125,000 shares for $2.00 each and raised $250,000 to put the deal together. Those shares were restricted and have since come off restriction. The OS remains at 17,204,180 and is updated weekly. So to call this a share selling scam is ludicrous!
You realize this is what Carnes does? When you buy a shell, you become the CEO of it, clean it up, find a company to merge into it, then a new CEO is appointed, wash, rinse, repeat. If you don’t understand how it works and the time it takes, you should not trade shells.
The audited financials will clarify themselves, uplisting should happen quickly after 2022 financials are received. Hopefully they move the class B shares to preferred, but it would be nice to have them clarified.
Crazy low! Company needs to put out a PR. I expect we will see one when financials are released next week. I believe they are due by March 31st.
If you subscribe to Fintel, you would know that on the date they announced the merger and the PPS ran to .80, one poster here dumped 300,000+ shares, but there was also a 3 million share dark pool short. Which I believe the company felt was a naked short ( and I agree )!!
Yes, I know that, but I think his group may still be screwing with APSI.
They told us what the numbers are and I am quite sure they wouldn’t lie and risk a lawsuit. If you look at volumes, the PPS has been manipulated using only a few thousand shares. Yesterday was a huge volume day for APSI and I think it only traded around 150,000 shares. APSI’s average 10 day volume is only 37,000 shares. I could put all of the shares I own up just above the Ask and probably tank the price to .20. I actually thought about doing that, so I could pick up more cheap shares, but don’t want to play dirty. Believe me others don’t mind doing just that. IMO there was an organized short implemented when the acquisition was finalized and that group is still messing with the stock.
APSI is fully SEC reporting now, so of course their annuals will be audited. They’ve even said the 2022 were being audited, just like the 2021’s. Someone seems to have a real vested interest to keep the PPS down.
I agree. I believe APSI is definitely being manipulated.
He knew APSI would be a multi dollar company or he wouldn’t have taken the job.
That’s not BB’s style!
So what??
I haven’t seen much negative DD here. If I had, I wouldn’t have invested 25K in APSI. Any supposed negative DD I’ve seen is made up crap.
Oh yes there is!
I expect we’ll see a pretty massive increase in the PPS later this week. I have seen this dumping pattern many times, just before a big run.
DD doesn’t seem to mean anything on any of the stocks, shorts control. The SEC must stop naked shorting at all levels!
Someone dumps 25,000 shares for under .25! Why?
Exactly! What the hell is happening here?
How do you know they won’t be, when the company says they will?
People are desperate here. Shorts hit this stock hard, once the deal was done. I believe I know the group that shorted APSI. Very strange the absolute desperation on this board to keep the PPS down, not sure of their end game, but several lost their ability to ever have any influence on IHub.
Cranes is not the CEO. Call Tradition! If you actually care for the truth.
Total bs and the 2022 financials will be audited! They have already said that.
Ahhh yes they are!
A promotion badge is no big deal. The company is trying to get the freaking stock noticed. They are advertising! BFD!!
What actual reason have you given. Haven’t seen any that make sense.
Total BS! But nice try!
Individuals don’t naked short OTC stocks, only MMs.
Time will tell, in the meantime I continue to add.
Less than 10 million shares OS, a 200 million dollar buyout (peanuts in the BioPharma sector) would equal $20.00 a share. TENX is easily manipulated because of the low float, but shorts better be careful:)
There are actually analysts calling for a $91.00 PPS! https://fintel.io/sfo/us/tenx
What in the hell is going on here? Who is selling and why? I loaded 3,000 more shares this morning at .32, then they dump the PPS 10%.
So true! If we had the OTC of 3 years ago APSI would be $3.00, but people have become so jaded. APSI needs to get a small cap fund to buy a couple of million shares and wake people up.
Awesome article! Wake up people, you might actually make some money, lol.
We need to get some volume here! This is nuts!!!