Friday, February 16, 2024 2:10:40 PM
If you buy a car with financing you agree to a payment plan and sign a contract that you will repay based on that payment plan. If you stop paying on that car, what happens to it? The bank repos the car and they own it. You are left with nothing.
It is the same in this case. APSI bought the company from Tradition and signed a contract on how they would pay for it. They did not fulfill any of their payments. The Evans are now repo-ing Tradition with the lawsuit. APSI is left with nothing if the Evans are successful. So yes, the ticker APSI is worth nothing until that determination is made and will likely go in the Evans favor since APSI did not hold up to their end of the contract.
But hey, by all means tie your money up here for another year until thats decided.
Recent APSI News
- Form 1-A-W - Withdrawal of offering statement [Regulation A] • Edgar (US Regulatory) • 05/06/2024 09:01:18 PM
- Form RW WD - Withdrawal of Registration Withdrawal Request • Edgar (US Regulatory) • 05/06/2024 08:37:55 PM
- Form 1-A/A - Offering Statement [Regulation A]: [Amend] • Edgar (US Regulatory) • 11/06/2023 02:13:39 PM
- Form RW WD - Withdrawal of Registration Withdrawal Request • Edgar (US Regulatory) • 07/25/2023 05:48:47 PM
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