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Absolutely!
Interesting post and in my experience very true.
Offering has closed, cash runway now into 2025! Great buying opportunity.
True.
You’re exactly right and that’s what I keep thinking. Why do all of this and let it go? If they had been dumbing shares all along I would agree it was a scam, but so far the money has all gone one way for Carnes and that is out. OS has remained the same for 14+ months. The only way anyone is going to make money is to produce those audited financials in the next 5 weeks. I think I’ll start bid sitting at .08.
Oh dear, whatever shall I do. I could care less who follows me!
Fraud. I have done it before.
Interesting trading, wonder if news is around the corner.
Agreed, I am still hanging in, down so much now not really worth selling. He’s obviously not dumping APSI, OS has remained the same for over a year. The question is do I add under .10?
Agreed. I sent him an email the other day, laying out exactly that scenario. That he is getting sued.
They are a start up BioPharma company, they don’t make money yet, except thru milestone agreements with Roche and Gilead. The one with Roche is worth around a billion dollars. They have received millions from both.
I think the offering is a non issue. They obviously had it Pre sold, it closes Monday. Probably Gilead or ROCHE took it, we should know by Wednesday, because whoever took it is going to own about 40% of the company. I am not sure why they said it was a public offering.
Little volume this morning:)
I have a feeling whoever put the 50K, probably has a net out at .12. Hopefully we see something from the company this week.
Stack that Ask, lol!
Exactly as they have been for over a year
I think all parties have the same interests and that is to get APSI on the NASDAQ and not play for pennies.
Dilution won’t happen at these levels. I think the new S1 will most likely used preferred shares for the purchase. Carnes has said he has financing lined up for the 26 million or so, which he may. It’s not hard to get financing if you have 125+ million in revenues and a positive EPS. Only time will tell, what happens. I think it’s a pretty good bet, we’ll get a run to $1.00 or so on the financials. I think they may sell shares at $2.00 maybe higher. They want to get the most possible for each share or they screw the whole deal up. I don’t think Carnes spent 1.5 years putting this together to have APSI remain an OTC sub $1.00 stock. Carnes does not run the company, but I think he is responsible for getting the K, Q and S-1 out. Of course the S1 will be negotiated with current management and stakeholders.
They’ve already announced they are revising the S-1. I am hoping next week we see the 10K, 10q and S1.
Yes, I know you said that, just needed to research if it’s right. My bad for not taking the time.
Is there still a grace period, after the 180 days?
They’ve gotten that!
Around the first of July.
I stand corrected. Whatever, the company is a mess.
He has to work with the shell he has got and the merging company. If they’re bloated pigs when acquired he has to clean them up and eventually RS them into the merger. INKW fits that scenario, TLIF on the other hand looks pretty decent and may be worth investing in, though I am not impressed with the merging company. ADIA looks like a decent shell, but the merging company looks like a joke to me. I think Carnes could have found better. APSI is still the grand daddy of them all and should make the insiders millions over time.
I don’t think it matters since they are already delinquent
The Q is easy and I expect it’s done, but like I said in my last post, I expect they’ll dump everything at once.
They don’t have to file a notice and they probably won’t, they already have the Yield sign, they don’t give two of them. I expect they’ll file the 10K, 10Q and S-1 all at once.
Quiet periods are required, however INKW’s merging company wasn’t worth the price of an audit and it was never going to be a big board stock, so why waste the money! Also INKW is a bloated pig with over 2 billion OS. Totally opposite of APSI/Tradition merger. Carnes has never had a merger as strong as the one with Tradition. I am betting (quite a lot of money), that they’ll see this one through. There has already been a lot of money spent and Tradition is a shoe in for the NASDAQ, once it’s complete.
Good grief! Did you find Tradition? They are APSI. No you aren’t going to find a trucking company named APSI!!
I stand by my post and encourage everyone to follow APSI’s Twitter feed and Tradition’s Facebook page.
You’re probably right.
Traditional’s Facebook page is excellent, easy to find and updated daily.
This is the Tweet that was being referred to! Good grief.
The Company is in a "quite period" while working on delayed financials.
— APSI - Aqua Power Systems Inc (@inc_apsi) May 8, 2023
Page works perfectly fine, have no idea what you’re talking about
That is not the tweet I was referring to!
No, he was asking about the Tweet, which dealt solely with the financials.
Why would they need financing for what was in the tweet? Tradition can well afford to pay for the audit.
I got 10k at .12 one day. I bid sat, never thinking it would get hit, but it did:)