Replies to post #79187 on Apple Rush Company Inc (APRU)

[hedge_fun]

The reduction was around 39B AS, not 79B…….

ORLANDO, Fla., Feb. 9, 2024 /PRNewswire/ -- Apple Rush Company, Inc. (OTC PINK: APRU) proudly announces strategic move to reduce up to 3 billion shares from its issued and outstanding common shares. This proactive step reflects the company's unwavering commitment to enhancing shareholder value and marks a pivotal moment in its ongoing restructuring efforts. Just last month, the company announced it had reduced its authorized common shares by over 39 Billion further solidifying its dedication to optimizing shareholder returns.

On March 31 105,000 shares of Preferred E shares were issued, but it doesn’t state how many commons were cancelled. The closing price on March 28 was .0036. At that price 29,166,667 shares is $105K worth. The E’s have a face value of $1 each.

Regardless, we’ll see how many takers Tony gets with the Preferred E scheme.