Aqua Power Systems Inc (APSI)

[Roofus]

Yet, the $24.7 million in debt is “forgiven” and wiped away ….

That is an important item.
This is just as good as getting $24.7 million in free grant money. News like that would have exploded the stock price.

In fact, it’s even better.
Wiping off $24.7 million of debt is basically as good as getting $30 million in free funding. As it would take $30 million of payments to pay off $24.7 million in debt, including paying interest on that kind of debt in the payments.

The +$19.5 million in Net Income is the bottom line now, as the bottom line earnings for 2023.

$19.5 million * 39 (average PE ratio in this industry per stervc) = $760 million market cap.

$760 million / 17.2 million OS = $44.18 per share.

Let’s get this lawsuit settled out of court, and all sides can benefit with the right settlement.