Aqua Power Systems Inc (APSI)

[skichic]

Geez people do the DD! This is a clean merger. 100+ million dollar company merging in, OS is 17.2 million, market cap is only about 10.5 million dollars. All financials are audited, it’s a really clean Super 8K. It doesn’t mention issuing shares. It looks to me like the cost of the company can be covered with the revenues. Or if they choose to borrow to pay the notes, the assets should more than enough to secure the loans. I don’t see a need for dilutive financing or any mention of it.