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Post a screenshot from your brokerage account that you sold APSI at $0.68
Post the screenshot, or it didn’t happen.
APSI is at $430,000 market cap
That is the current market cap valuation.
Empty shells usually have at least a $5 million market cap.
Therefore, the current market cap here is worth 1/10 of an empty shell. That is a crazy low entry point to get in to a stock, especially one with only 17 million O/S.
Yep, I hear ya ….
And even if the Evans team wanted their company back to the way it was (private company), it would cost them a ton of money to roll everything back to pre-acquisition. And that’s if they even won their lawsuit outright, which this whole thing could end up being settled with a compromise out of court, which would be common when both sides are suing each other.
But even if Evans team won the lawsuit outright, and wanted to roll it all back (to private company), they would have to buyback all of our shares. That could easily cause a major run up on the share price for sure, as that would be a ton of buying pressure in demand of buying the shares back.
So do you think our investment will (or should) stay in Tradition’s company and its assets and revenue?
If you had to predict.
I’m still putting all the puzzle pieces together. As of “current”, Tradition’s assets and revenue are in the APSI ticker (after the super 8k which was a completed acquisition as filed to the SEC). That was all done nearly a year ago, hence all the revenue we get in the APSI filings.
So we know as of “now”, Tradition (all revenue, assets, and financials) are included in our investment. That is a “Fact” as of now.
Do you see it staying that way after all the lawsuits are settled?
Yep ….
But it’s not just Carnes.
Rob Morris as well.
And even the Evans fam, and Joe Davis.
They’re all pointing the finger at each other about how things went down in the acquisition process and post acquisition, control, equity in the company, power, money (and payments for the transaction), and current roles being preserved in the company.
They better get all this resolved.
Revenue by Quarter in 2023:
Q1: $8 million
Q2: $39 million
Q3: $21 million
Total past 9 months = $68 million
Q4 is supposed to be their biggest Quarter of the year for business and deliveries, due to the holiday season, as stated in one of their previous filings.
Therefore Q4 revenue should be better than $39 million (Q2 revenue).
I think we’re nearing the time for another run coming up ….
Don’t know how quickly it will be, but I do think it will be ‘soon’
Hang tight.
Let’s get that audit done and let’s move up.
Some of that “Net Loss”
May be due to expansion of their new warehouse in Savannah perhaps.
Carnes did tell shareholders back in March that this would be a "multiples" of dollar stock (per share)
Someone I talk to on social media about APSI used to text Carnes.
And he saved a screenshot that Carnes sent him on March 2, 2023 (it says today, but that's because he saved the screenshot on that same day of March 2, 2023, hence why they were texting about the great article that APSI put out, which is the article that ended up getting them the promo badge on OTC Markets).
Carnes was apparently telling shareholders (through text) back in early March, 2023, that this would be a "multiple" dollar stock.
Carnes and APSI better honor that, or come close, or else they shouldn't be texting stuff like that.
All text records are kept in the background, so it can be verified by law, if it ever comes to that.
Total Assets in the report?
One thing that stands out to me that caught my eye ….
“Total assets” a year ago = $100 million.
“Total assets” currently = $84 million.
Why?
That’s a 16% drop in less than a year.
Are they selling off some of their assets?
Carnes buying the company for $28 million to sell off its assets which are (or were) worth $100 million in total. That better not be what is happening here.
The “catalyst” that came out today ….
Caused the stock to go Green.
Well, the acquisition was already officially completed per SEC filings.
Super 8k back at the turn of the year from 2022 to 2023.
So the whole thing is a mess.
It’s possible Carnes may win and the Evans team will attempt to cry foul for years. But regardless, there is now lack of leadership going on, and that’s not a good thing for the company as they all attempt to sue one another over who should own what.
Yeah, they’re all fighting for ownership, control, proper compensation, etc.
Because the company (Tradition) has such large value of revenue and assets, but the way they all went about this transaction was a cluster-funk. They botched it. Should have done a reverse merger instead, and give everyone their proper worth of ownership.
Instead, now they’re all fighting for what they feel is theirs, meanwhile you also have shareholders of APSI who hold ownership of a completed acquisition per official SEC filings (super 8k). That also adds to the mess.
Who owns what? Among the elites, and among the newer shareholders? They’re going to have to figure it all out, and it sounds like in the short term, attorneys will be the one to benefit the most from all the legal fees.
They also just amended the offer ….
Two days ago, but it’s essentially the same.
$0.45 - $0.75 per unit (3 shares per unit), therefore the investor would be getting shares at $0.15 to $0.25 per share.
Financials are finally out for 2022 ….
As shown in the latest filing from 11/06/2023.
Yes, it’s still unaudited for now.
But before this release, we knew 2021 “audited” financials were just short of $100 million in revenue with a few million in “net profit”. However, we didn’t know 2022 financials yet.
We do now, according to the latest filing (unaudited). In 2022, over $118 million in revenue, $17.1 million in gross profit, and $4.1 million in “net profit”. Therefore, in 2022 (just like 2021) Tradition was very profitable.
Current Market Cap = $570,000
Doesn’t make sense to exit (sell) your position at that level of valuation.
Exactly ….
I’m still here as well just waiting.
It will all get done
How many shares do you have now?
You stated you had a few million before.
I agree, but it looks like $0.04’s are coming soon first.
We might be two quarters away from IDE submission, and another month or more for approval afterwards.
I’m patient.
I’m still here with all my shares.
Ticker change should be happening soon.
2024 could and should be a great year for shareholders.
Nasdaq?
It’s basically the next level up from OTCQB.
Maybe you should be the next CEO
I mean, it’s your innovative technology that you created and all, LOL.
So no IDE submission in Q4
Looks like postponed until next year.
Probably at least two Quarters away.
The continuous delays are frustrating, but I’m still holding here and will do so for years more if need be. Just wish they would get on with this.
Don’t some of the preferred shares get converted as well?
If Vivos was bought out for $1.4 billion in the future
How much would we get for each of our shares (per share) ???
That’s over 10% of the share structure.
No one can have that many common shares right now.
I have just over 2 million shares here
Everyone, please predict what that stash will be worth by December of the year 2025 ???
Yep
Mayo Clinic ….
Still has more credibility than former rejected employees at Vivos.
Good thing you no longer work at Vivos.
The average batting average is around 275
I can see $2.75 per share, if/when FDA gives first approval.
It would get us to silver land.
How strong in silver land?
Probably depends on the profitability.
If anyone wants to sell me their shares at $0.05, let me know.
Yeah, we don’t know if 2022 was true or false yet.
We haven’t seen any audited financials (yet) released for 2022, as of this time.
No one knows for certain yet.
It’s all guessing and assumptions.
We did however see 2021 “audited” financials which were filed to the SEC. They were $87 million in audited revenue, and a net positive $3 million audited in “net profit”. Those are “factual”.
He got blocked by Elon Musk
For calling him a sea monkey.
2 million here
Wish I had your stash.
Silver is coming ….
It’s not a question of if, just a question of when.
Great point on that $12 million amount
Therefore, when excluding that, General Admin expenses for the first 6 months of 2023 so far is closer to $6 million instead, of $47 million revenue for 2023 so far = 12.7% of revenue.
Which is very close to the 13% of revenue in 2021 “audited” financials.
Someone just bought over 70,000 shares at the Ask
As they always say, someone out there always knows something.