Aqua Power Systems Inc (APSI)

[reader3]

The first quarter is almost universally the worst quarter in the freight industry. Nobody annualizes freight revenue from the first quarter.

The 4 million loss had a lot to do with the dump off in the stock price. They list it as: "Effects of acquisition" Let's see, what were the effects of the acquisition. People dumped because people are people and the stock market was crap and other reasons. They performed the acquisition. The stock price dropped. They wrote it into the financials as some kind of drop in assets or similar. It will reverse in the future when the stock price goes back up.