Apple Rush Company Inc (APRU)

[hedge_fun]

Cancelled shares don’t wind up in the……

hands of retail investors. Those shares are returned to the treasury.

Somehow I don't expect any person or small group that has $9m worth of shares in anything are going to make foolish trades that redistribute any significant portion of their $9m stock value into the hands of retail investors.

Without seeing the resolutions because TX hasn’t uploaded them yet, my guess is Tony is establishing Preferred C, D, and E shares, as the A’s and B’s are worthless as written.

No one will give up $9MM in shares. They will simply “delay” selling their shares or be given some other consideration for their commons. It should be explained at least in part by one of the resolutions.

As an example, someone could surrender 1B shares for a piece of Lena, or a royalty, or both, possibly with the ability to convert back into commons at a later date.

I also suspect the investor(s) who is putting up the money for Lena is behind the restructuring. I also believe Tony won’t have voting control if/when the deal closes.

Hopefully TX gets the resolutions uploaded soon.

In the meantime, grab more popcorn and enjoy the show. There appears to be quite a complex strategy in the works.

Happy Saturday!