AppTech Payments Corp (APCX)

[PRmaniac]

OK, APCX probably has all the answers to how the dilution happened and how much they got in return and if the shares are now unrestricted. It should be explained in notes to their financials. One penny stock I followed had this happen to them.....
edited
Dumping-
The repeatedly-acquired deeply-discounted shares from penny stock issuers under the pretense of a long-term investment were then dumped into the market, essentially effecting public stock distributions without complying with the disclosure requirements of the federal securities laws. The agreements gave the trader the right to purchase stock at 30 to 50 percent discounts to the market price. The SEC alleges that, in an effort to avoid the registration and disclosure obligations of the federal securities laws, the company falsely represented to issuers that it was purchasing shares for “investment purposes only.” Contrary to those representations, the trader quickly dumped most of these shares on the public markets, profiting (big profit) from its unregistered stock distributions.