Replies to post #72834 on Apple Rush Company Inc (APRU)

[Diamondhands45]

True imo

[IronChefQuezon]

I remember Tony mentioning somewhere he was working on more share cancellations. I thought it might have been the most recent shareholder letter but it's not there. Might have been in a video update. I'll link to it if I can find it.

[trading.jeff]

Was Tony speaking on this program or was it someone else? If it was someone else, they might be trying to spread a rumor. I'm not saying this isn't true, but I'd like to hear this from Tony.

$APRU

[LCLiving]

Frank knows alot of people, look at stocks he has been involved with, I'm betting it's legit. Tony has continued to work and move the company forward, and I think he knows cleaning up the SS is best for everyone. I'm looking forward to seeing APRU 2.0 come together!

[hedge_fun]

If true, it’s possibly a more dilutive scheme……

Tony owns all the Preferred B shares, and there’s no conversion feature except if the company goes under and has to liquidate assets. No one in their right mind would be interested in that except Tony, and that’s just for voting.

The Preferred A share conversion feature is based on an unknown future price at a 20% discount. They’re convertible after a year just as common shares would be.

Since Tony still has a control issue because he has 2 classes of Preferred shares that cancel each other out and can’t get a corporate action pass FINRA, that might be a scheme he’s devised to make the sheep think the OS count is going down.

There are 170MM authorized Preferred A shares. LVVV converted just 5MM A’s for over 9B commons.

Each share of Preferred Stock has a face value of $1.00 and is convertible into APRU common stock at a conversion price equal to the average closing price of APRU for the ten (10) trading days immediately prior to a notice of conversion, less a discount of twenty percent (20%). As of May 13, 2014, the Preferred Stock was convertible into 18,115,942,028 shares of APRU and as of that date the Company provided to APRU a notice of conversion for 5,000,000 shares of the Preferred Stock convertible into 9,057,971,014 restricted shares of APRU.

https://www.otcmarkets.com/filing/html?id=10003408&guid=QXm-kWGmkEC6Jth

[trading.jeff]

Tweet mentioning restructuring, including preferred shares. Maybe that guy was right.

Update: As we continue building our brands and different business units, look for some new structuring of the company with preferred shares, reduced OS, AS, and debt positions. We currently have zero convertible debt and with some additional funding we will create greater…

— Apple Rush Company (@RealAPRU_NEWS) April 3, 2023

$APRU