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These guys need to do a PR!
Does Schwab let you buy Pink sheets stock?
I will say this, this morning; APSI is on track to have revenues of over 100 million dollars and may have a positive EBITDA for 2023. The stock is worth a lot more than a dime.
I wonder if some of that has to do with the new warehouse in Georgia? Tradition does have a lot of employees, so wage expense is going to be very high.
After studying the Q, I think the purchase price is included in the long term debt.
They need to break that down. Hopefully we see a PR
Bingo! That’s my question too. We should see another Q by next Tuesday.
I haven’t found any negative aspects of the industry. YELL went down, not because of the industry, but poor management and decisions they made regarding acquisitions.
Good article on what happened to YELL: https://www.ibtimes.com/analysis-what-killed-yellow-corp-3707950
Are we going to see Q2 financials within the next 6 days? Trying to decide whether to load a few more shares in anticipation or will they screw us again? Hmmmmm!
I saw that. I haven’t studied it to figure out why.
Yes, they didn’t say why they were withdrawing it, which is required. I wish they’d get their shit together, they might actually have a successful merger here, in spite of themselves.
Lets not let facts get in the way!
I have invested several times in the last couple of years in Yellow stock. Their business plan is way different than Traditions and I believe they were terribly mismanaged. I would compare Tradition more to JB Hunt, although Tradition is more diversified than any of them.
Yellow just shut down, laying 30,000 people off. This could be HUGE for Tradition and APSI!
This could really help Tradition, thus APSI: https://seekingalpha.com/news/3991784-yellow-corp-bankruptcy-this-week-union-talks-cash-crunch-customers-flee
The merger is complete, Tradition is APSI’s.
Obviously it’s not dead. It’s up 200% after the financials hit. But for some reason you have a real need for it not to be OK, only you and your psychiatrist know why that is.
Exactly. I think when they filed that, they figured the PPS would be over a $1.00. Now we need an explanation on why it’s not!
They don’t want to sell stock at these levels, would make zero sense to do so.
APSI just had a filing post. Here is the paragraph that explains it best and is good news imo:
The Company has determined, due to market conditions, not to proceed at this time with the registration and sale of Common Stock as contemplated by the Registration Statement. Accordingly, the Company’s management believes that withdrawal of the Registration Statement is appropriate. The Registration Statement has not been declared effective, and the Company confirms that no shares of Common Stock have been or will be issued or sold pursuant to the Registration Statement.
Exactly, lol
That is a relief. To have someone set on a board and relentlessly bash for months is tiring. You also have to wonder why people do it. I see it on many boards. I understand on boards of the big board stocks, because they are short, but virtually no individuals short OTC stocks.
I haven’t seen any significant volume here in 6 months. Everyone is waiting for a PR, 2nd quarter Q, audited financials, etc.. take your pick.
That’s awesome they removed the shell risk!
I agree with that. They will use them to control the company, stop a hostile take over and at some point may sell a few. My only point was, they won’t sell any under 3 or 4 dollars, it would be counter productive.
PPS starting to head north!
The question is why would he want to? If He slowly coverts those starting at a couple of dollars, he’ll make millions, if he dumps them now, he’ll drive the stock price down to a penny or less and maybe make a couple hundred thousand at best. A little logic goes a long way.
There is zero reason at these levels for Carnes to sell any of his shares. They’ve put to much time and money into this to screw up the OS and drive the share price down further. He wants to be on the NASDAQ, if he plays his cards right, APSI will take care of him for the rest of his life. There is most likely going to be some dilution here, but it would be foolish for them to do it under $1.00.
That’s true, but we need to see the bottom line. I am hoping the 2nd quarter will have better revenues. We need a PR explaining what has been going on. 90% of the problem here has been the lack of communication.
Yes, I know. Sometimes there is no rhyme nor reason to a lot of stocks. I did add a few here today, hopefully I don’t live to regret it. No matter all the BS, APSI is worth more than a dime.
It was an example. APSI actually has about 98 million dollars in debt and about 98 million dollars in assets, so it’s pretty much a wash. That was my point. Again read the whole thread. https://www.otcmarkets.com/otcapi/company/financial-report/376523/content
Wow, that was nice they actually put out an explanation.
I was trying to show, that the revenues alone, don’t justify a huge market cap. That a company can have well over a billion dollars in revenues, but have a market cap under 100 million. What counts is the net profit. Read the thread.
Go study Yellow’s financials (YELL) and note their numbers are in millions, not thousands. They had over 1.1 BILLION DOLLARS IN REVENUES, Yesterday they traded for .99 a share, because they lose money.
Also in your letter, what do you mean by limited options?
You can’t just look at assets, you have to look at debt too! If they have 100 million in debt and 100 million in assets, it’s a wash. You can have a billion dollars in revenues, but if their net profit is -$50,000. The billion is pretty much meaningless.
I think the unaudited filing justifies the purchase price, it might even justify a lower purchase price. They assumed 97 million dollars in liabilities, which pretty much is equal to assets.
It’s not a 100 million dollar company. To value a company you look at the bottom line, not total revenues. Plus they’ve never filed anything showing 100 million in revenues, plus APSI is assuming a lot of debt. 26 million might be a fair price, but? We need audited financials, plain and simple.
There is no doubt Tradition is real and appears well run. I just don’t get why APSI won’t explain what’s happening and why they waited until the 11th hour to file unaudited financials, that were wrong to start with and they had to file an amendment an hour or two later. They’re like the gang that couldn’t shoot straight.