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Replies to #5230 on AAP Inc (AAPJ)

PRmaniac

02/02/24 1:30 PM

#5231 RE: RammageRaul #5230

That's exactly how it works. They rely on not telling investors about reverse splits, especially since AAPJ relies only on dilution to stay solvent.
If they R/S, it will just show up on the daily list before the market opens and it may take a few days for common investors to be able to sell the post-split shares, but toxic financiers can basically immediately dump shares before common investors.

One could keep checking the Wyoming corporations site to see if a formal filing/amendment shows up.
That's how many found out they raised the share authorization to 3 billion shares before others here found out.
They had already issued a ton more shares than were authorized.