Replies to post #11348 on Aqua Power Systems Inc (APSI)

[Roofus]

Agreed ….

This is still a $100+ million revenue company annually ($87 million official “audited” revenue in 2021 as officially filed to the FCC). Then they bought a $15 million company (Karr Transportation) after that, and opened up their Savannah location.

Revenue is not the problem.
This lawsuit is the problem.
It’s obviously the reason why the auditing process was taking too long. The big shots were fighting over control, as opposed to getting the audit done.