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I don’t know either. Hopefully we know soon.
This was just posted on Facebook with pictures of their truck at the port! I assume they now have a facility there also:)
“WE'VE ARRIVED! Tradition is officially at the Port of Savannah. Our main facility is just 5 miles from the Georgia Port Authority.”
That’s good. Need more eyes here
Starting to get some attention. The fact they tweeted helped. If the 10K is even close to what is projected, the PPS will shoot over $1.00 in minutes.
Glad APSI finally said something!
The Company is in a "quite period" while working on delayed financials.
— APSI - Aqua Power Systems Inc (@inc_apsi) May 8, 2023
I think both weeks it has been both.
We’ll see. Not sure why you stick around here, if APSI is so horrible. Go make some money.
APSI has no similarities to GMZP.
Well it appears several on the board want it at .02. I personally have added shares in the last 2 days.
Quiet period is the law, look it up! You bad mouthed them when they had a promo and got tagged, now you do the same when they follow the rules. Geez!
Thanks, Aladdin that’s pretty much what I thought. Great loading opp. I loaded a bunch of .12’s yesterday, missed today because I am traveling.
So? What large investors did he lie to? Also we know Tradition Transport. Very easy to DD it. Boy several on this board seem desperate to convince us Carnes is a fraud, but he is no longer CEO here, up until this late filing he has done 100% of what he promised. Not all shells are equal, APSI is very unusual in that it only has 17.2 million OS. I am not saying Carnes has been perfect here, but I don’t think this over the top hysteria is merited. Also if he doesn’t get his deal put together, he loses too.
I just went thru INKW files and I see nothing that supports those claims.
How to you know that? Post a link. We know the 100,000 shares that were purchased for $2.00 each entered the APSI float. I remember when that happened. Post the filings that show your claim.
That lawsuit was from 2009, he ultimately paid a fine. Good grief. If anything it should make him more careful. We know Tradition is a legit company and we know Morris the CEO is legit, he’s a state Senator for heavens sake. For some reason the hair on fire are out in droves. Hmmm.
Just read thru the offering, imo you are correct. I don’t own any GEMZ, usually avoid stocks with OS over 250 million, but Carnes could make it work in the end, after an RS.
That’s pretty easy to figure. If you have a company with 4 million in net income and an OS of 17.2 million, that equals an eps of .23, figuring a conservative PE of 10 you’d have a PPS of $2.30.
Documented? Please copy and paste the document.
Very good post Chuck! I think you nailed it, that said, it would be nice if management would say something. Debating whether to average down even more.
Lol, heavy volume? Volume was 140,000!
Well if a company has revenues of a billion dollars, but only nets 10 million dollars, they will get bought for around 100 million dollars, not a billion! Things can change that, like growth potential, etc.., but in general you pay about 10X net earnings. I’ve done it!
Well that’s good, then you know they don’t value a company by gross revenues, but by net revenues.
Taken to playing Chinese Meme stocks, like the kids, lol.
I know! I have!
The company has revenues over 100 million, at the time the deal was done revenues were 87 million, with earnings at around 2.8 million, they paid about 10X earnings, which is typical. You are confusing revenues with earnings.
True. I have never seen the OTC like this. APSI is the last OTC stock I own and we probably remain that way for the foreseeable future.
I did grab 10,000 of those .139’s. At least these are levels are creating some volume.
Note shorting just sick and tired of waiting. That said I may load those .13’s:)
Short Interest 8,426 shares - source: FINRA
Short Interest Ratio 0.30 Days to Cover
Short Interest % Float 0.05% - source: FINRA (short interest), Capital IQ (float)
Off-Exchange Short Volume 11,100 shares - source: FINRA (inc. Dark Pool volume)
Off-Exchange Short Volume Ratio 66.46% - source: FINRA (inc. Dark Pool volume)
Not surprising. How did you try to contact them?
Anyone have any contact with the company lately?
Unbelievable that they refuse to say anything.
Most NASDAQ stocks do those promo articles and no one cares, OTC is the only place you’re punished for advertising your stock. The Super K uses different numbers. Time will tell which is right, even if the promo numbers are right, with their new revenue streams, it’s still a great buy.
Ok Sam, then don’t buy the stock, very simple!
Yes, but it has changed.
From what they’ve said that income has changed, but we’ll see, still worth a heck of a lot more than .20.
Actually that is completely untrue: https://fintel.io/doc/sec-aqua-power-systems-inc-1553264-8k-2022-december-30-19356-3378 they show net incomes for 2020 and 2021, no losses.
The earnings were actually originally stated early last fall. I don’t think earnings are the problem. Even if earnings only matched 2021’s they had a positive EPS of .16, which should justify a very conservative $1.60 a share. I think the S1 might be what’s holding them up. Hopefully this week we have an answer.
If they put out the 10K in the next week or two and it’s what they say it is, then we should see $2 to $3 that day. When APSI moves, it moves on air.
Very few blue collar working people own stocks, other than maybe in a company 401K and most have no idea what stocks those are. I would bet 90+% of them have no brokerage account (probably 98%, but?). Once public, Tradition may offer their stock as a bonus or incentive, then the employees will learn about it.
Yes, that has crossed my mind. I doubt employees know much about what’s going on. The true insiders will have lucrative stock options most likely. Not sure how legal it is for them to buy right now. I think it would be considered insider trading.