Aqua Power Systems Inc (APSI)

[Chuck Mustang]

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