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What a crock, and you know it! Shame on you
What a crock of shit, and you know it! Shame on you
OMG you're relentless, I hate to do this, but I have to block you, to make too much noise and offer no value at all!
South Seas is right down the street from me, great spot, golf course is still closed though :( Captiva actually bounced back quicker than Sanibel after Ian, Tween Waters was the first place to open over here!
You crack me up! This is the OTC, its the wild wild west, even worse the past couple of years. This is were you come to throw some fun money at things, rather than flying to Vegas and putting it all on black. You find a couple of companies that float your boat, have interests that you align with, a business model you can engage with or something of the sort, and you let it ride.
You know to the month, day, hour and minute every action of this stock as a non investor, I, an investor in this company, check in once every blue moon (of which there was one last night if you were not aware, I viewed it from a beach down the street from where I live on Sanibel Island, FL, they occur every 34 years or so, so I doubt I will see another, but beautiful it was!), and if it runs, which I think it will, great, if it doesn't, well poor choice on my part.
Thing is though, while you're scrutinizing every minute action of this company, I'm living and loving my life, I suggest you go live and love yours, cos I can't believe being a keyboard jockey can beat out enjoying all the natural beauties this world has to offer!
I agree, sadly, these keyboard jockeys are far too common these days, but I truly believe these weasels will get theirs, Karma's a bitch!
You know what mate, I've been an investor here far longer than your sorry, opinionated ass has been harassing shareholders of this stock! I may not post often as I don't have that narcissistic urge to force my opinion upon others, but I'm always watching!
The one thing I also don't do, is study in depth a stock I don't own nor have any intention of owning, as it is a complete waste of my time, you won't see me talking about your stock on your board as I have so little interest, I don't even remember the ticker. See, I have a life, and I only invest my time in things that impact me directly, and if it wasn't for 50% of the posts on this board being yours, I likely wouldn't have said anything at all, but I am so done with your bullshit!
So fuck off and play yours then and leave this board alone! We're all quite able to manage without you!
Yes, after market close
I said cold hard facts, $2k a month to rent office space is not significant, I pay 1/4 of that to have a registered address for one of my companies, and that doesn't include any office space or anything of the sort. And (hate to start a sentence with an And, but whatever) if you can please give me a breakdown of the $2m general and administrative expenses and show me those expenses where not being incurred prior to the acquisition on Traditions books, maybe, just maybe (but doubtful), I may take you seriously.
Best
Chuck
Now to that I do not disagree, I am not saying I am a happy shareholder, nor am I thinking, well I loved it at $0.20 so its a steal at $0.05, but the one reason, and only reason I have not sold is, to date, I see no way in which Carnes or any other insider could have profited from this.
The money Carnes invested, the time he spent cleaning up the shell, the time in court to get the share reduction and to bring what would appear to be a reputable CEO (government official at that - well depending on what you think of government officials) with expertise in the field of the company they acquired, none of this makes any sense at all.
I've been doing this an awful long time, and on paper, this is a dream come true, however, has been totally mismanaged. But with all that said, I just don't see how anyone other than swing traders and flippers have benefitted from this stock at all, especially Carnes.
I don't invest what I can't afford to lose and have a significant investment here, and although I don't like to throw money away, this one intrigues me and I'm gonna stick around and see how it plays out, if I lose it all, I'll put it down to experience and move on, won't be the first time. If it hits big, I'll puff my chest out and pretend I knew what I was doing, likely brag about it to friends and family over cocktails, but either way, I don't profess to know what is going on and I am not going to make false accusations and statements and claim them as fact without something to back them up like some (who maybe associated with Delilah!)
Best
Chuck
I was going to spend a little time later reading the Quarterly report, but I am sure our resident expert in EVERYTHING GRST will do the job for me and repeat everything daily for the next 3 months, so I'll just wait for that!
You really are full of shit! You've been wrong majority of the time and yet you keep harping on about how Carnes is milking this one into the ground. In the 2 years I have been here, can you please explain to me, how exactly he has been able to milk anything from this company. And I don't want to hear your rambling assumptions and guesses, your whimsical muses, I want to see some cold hard facts as to how any insider has benefitted from any of the actions of this company thus far?
I hear ya, but lets face it, we all thought this would go expert and they pulled a rabbit out of the arse and managed to keep the lights on while assumably continuing to get the audited financials completed. So cluster, yes, but could have been far worse and they seemingly new what they were doing (for that, that is in their control, Audit isn't) however late they left it.
Gotta love how the company sharing news publicly, can be considered "pumping hard" and this from a CEO who says little and files accurately and consistently. Ever thought he is just running his business and although I am sure not happy about the current state of the share price, is less concerned about it than you are trying to bring it down?
Still filling 6s with 20m 7s on the bid, amazing!
In our case, without volume, MM's will do as they please. They probably have a huge short position, but don't even care about covering
The reason Robinhood can offer commission free trading is because they make their money of what is called securities lending, they lend out the stock there client buys to other brokers for a fee to cover short positions. Its a huge business with brokers charging in some cases over 200% of a stocks market value where the short interest is high. Some brokers, such as eTrade and Interactive Brokers will actually pay you a percentage of whatever they make on lending your stock, in some cases you can also dissallow the lending of anything in your portfolio.
Sadly, those rules don't really apply in the OTC as no one monitors or cares, and typically where a company is diluting the MM's know they can cover should they need to.
Yes MM's can short anything in the name of making a market! There should be no need for MM's now as everything is traded electronically, however, here they are!
As for delivery, SEC rules are not enforced in the OTC, for big board stocks short interest is tracked in real time and you have 2 days to deliver a long or short position or you hit the Fail to Deliver list. If you short a stock you have to borrow it from another broker in order to cover. There are systems our there that track the short interest and cost to borrow, but only available to institutional firms.
Some would like to claim there are no shorts here and there is no manipulation, however, 1,509,682 showing on the ask at 0.0005 which I hit for 1m shares and the ask did not change, I am sure that is just MM's making a market! Why don't you just sell what you have and stop creating air shares you think you will never have to deliver??
I hear you, and some manipulation to boot, I have been picking up more shares in the 7s, and they actually filled under my 7 bid which is pure criminal!
They may have negative cash, but they have over $11m in accounts receivable, it's not like they don't have money coming in as well as out!
Amazing how 8s keep printing with 9s on the bid??
I tried to take out the .0008s with the last few shekels in my account and they shorted them to me at .00078, MM fill if ever I saw one! lol
It certainly does look like a significant amount of manipulation from watching APSI L2, fake asks, fake walls, small paint down fills reported at 16:00:00 on the dot etc
btw, weren’t you the main guy who first reported Alex Delarge, and then he got arrested??
Probably doesn't have a facebook account
Where are they?
Up 44% today and crickets from the cheap seats!
Its funny, I read the posts on here and entertainment value they give plenty, both from the naysayers and the believers. But other than either excitement the price is going down from naysayers, the I told you so, to the bitterness of the believers seeing there investment diminish daily, the content of the posts really offer no value.
Maybe this will, or at least I live in hope!
Tradition comes into this public company as a fully audited company, to Roofus's point, we have all seen the 2020 and 2021 audited financials, BUT! The reporting standards as a private company are far different to those of a public company.
As a private company, its all about checks and balances, confirming accounts payable vs receivable, receipts, bill of lading etc etc. As a Public company you are beholden to PCAOB standards which way exceed the requirements of a private company. As an example, yes, you have to go through the same checks and balances, but they also look at corporate governance, internal controls, IT infrastructure, technical accounting including one off transactions, all which would not be considered for a private company
Not only is this the first financial report since the purchase of Tradition and its assets, its an annual, if you understood what this took to complete, you all may have a better understanding of why it is late and why in the grand scheme of things, the delinquency really doesn't matter at the end of the day as long as they get it completed within the grace period.
GLTA
Chuck
I'd love to see his response, not a paid subscriber to can't PM
Nice find DD! I wondered what had caused the sudden influx in volume today!
Shorts are clearly in control here, we need volume, having been in this for well over a year now, it takes 4 times what you see on the ask to move up, but any bid is filled as offered, sickening as it is, I will hold and hope to see a G*NS type move!
APSI Revenue far exceeds GNS, share structure is similar, yet they have a $50m+ market cap and we are at $5m!
I tried to hit 29s and they gave me 2802's, thank you very much, lol
It would, they already own this facility, it is listed as the Savannah Port Facility (311,265 Sq ft) listed in the 8K under warehouse leasing spaces. Nice to see it exists though!
I've noticed that too, painting the bid with 666 shares, although they actually painted it up today as the bid was above the last traded price.
What I also noticed was the 3m+ bids sitting at 0.018 and 0.02 with one of the bidders moving up throughout the afternoon and surprising no one took out the lot! Maybe better things coming?
My man!! (well assuming you're a man, apologies if a woman), you can read the 100+ page 8k or just read the 11 word tweet, different route, same result - yours was probably the easiest! lol
The "Super" 8k may not be as "Super" when read by laymen like myself, but if you do actually read through this in its 100+ page entirety, the the confusion here is this is not a reverse merger, this is an acquisition!
Moore is CEO and Carnes is President because Aqua Power Systems ACQUIRED Tradition, Tradition did not reverse merge into APSI.
As such the controlling interest is with APSI, NOT Tradition and they have the ability to appoint whom they see fit as President, CEO and Office Junior!
Based on Bob Morris's resume, maybe this is the most expeditious route Tradition could see to expand their company, although having to surrender some control?
Just some facts and random thoughts
Best
Chuck
You do realize those numbers your quoting as naked shorts are in actual fact the number of shares shorted for that trading day, they are not the cumulative short volume. If you see 255k shorted on December 30th, and 100k on January 3rd, it's not the 255k were covered by 155k, leaving a 100k short position, it means the cumulative short volume over the 2 trading days is 355k, you don't see when those naked shorts are covered.
Myself too, and if you look at the past 4 trading days, you've had a total of 1.6m shares traded. Approx 350k we are told were Dino (which he is quite within his rights to do), 300k were shorted, I am sure some of Dino's followers sold too which would likely equal another 350k, so 2/3rds of the sales where a group and shorts which likely caused less experienced traders to sell also.
IMO, if we'd have seen the 17m float traded in the past week and the price action the way it was I would be concerned, but we have seen 1/10th of the float traded and can likely account for most of it. Although we may see a dip down to the imaginary gap, I personally think this runs north from here and we see significant green by the end of the week!
All this talk of gaps is great and all, and I agree with both the chart does appear to have a gap which we can also confirm is not there, however, I am surprised no one is really talking about the 300lb Gorilla in the room!
Why has there been no statement by the Company??. Carnes did a great job of being transparent through the whole process of acquiring, cleaning up, reducing OS all the way up to closing the merger and then nothing! What seems to be a poorly timed 8K, no tweets, no PR, absolute silence after the biggest event this Company has had in years!
I know Carnes isn't at the helm now, but for him not to have a misstep in the over a year I have been here to deliver this, this way, seems odd to me. I am still very bullish here and believe and expect the best but the Company must do better going forward when it comes to investor relations!
And please don't tell me they put out an 8k, I am fully aware and have read it cover to cover hence not being concerned, but to be silent after such a huge event, is poor imo!
I'd be interested to hear other opinions here on this.