Replies to post #5679 on Aqua Power Systems Inc (APSI)

[MrNormall]

LOL Wut?

So every stock is now valued at what the preferred and or AS are??!!

Dude, get real

[lovethatgreen]

First off the AS is only 200 million

Third Carnes would not do a di lutive deal and already passed on one that wasn't going to benefit shareholders

[lovethatgreen]

Those B shares are voting right

[skichic]

Nope, preferred shares are not factored in. They don’t factor on big board stock and they don’t factor here.

[stervc]

With the APSI Preferred Shares, no concerns...

I don't exactly recall who, but this was addressed months ago. The Preferred Shares for APSI has been the same since Dec 2020 back when the CEO had come on board. Someone had confirmed from the CEO that the Preferred Shares would never be touched and are only there for control purposes with always having the majority votes. The CEO confirmed that it is a non-issue as the control block will not be messed with.

It was also confirmed that the CEO was getting paid through a Warrant with the options to purchase a few hundred thousand shares via warrant. I think investors believe such from the CEO since earlier he had actually done the opposite of dilution by retiring over 75% of the Outstanding Shares (OS) to take the OS down to 17,204,180 shares as of the date of the acquisition closing. I believe the CEO is assessible if anyone wanted to reach out to him to confirm these thoughts.

v/r
Sterling