Aqua Power Systems Inc (APSI)

[Roofus]

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.