Bob and Bill (LVVV) had a deal in......
March 2014 and Tony f'd it up. Cash had changed hands, shares too.
LVVV was buying the SUPER MAJORITY A shares of APRU. That was supposed to mean LVVV had acquired control of APRU.
Before the deal closed, Tony filed a Preferred B Designation that essentially voided out control of the A's. The B's had a control feature as well.
You can't have two classes of shares that have a control feature....ie 50.001%, because there's only 100% of the corporation.
What Tony did was screw up the planned audit Bill was going to file, so APRU went dark.
But Bill still had shares and wanted his damn money that had been DEAD for a couple of years. Apparently, Bill and Bob reached some sort of agreement with Tony and allowed him to start filing again. and eventually Tony got the 75 B shares.
Around the .06 high, it started dropping. Bob's old lawyer used to post here and admitted Bill was selling at that time.
In the end not ALL the A shares got cancelled, and until they are Tony can't do much of nothing. Tony said they were paid for but says the CERT's were lost. That could be remedy in a week or two. It's been 5 or 6 years now.
He screwed over the wrong guy(s) and he's finding out what a bitch payback can be. Tony is in the same predicament Bill was when they couldn't complete the audit so LVVV could complete the transaction.
The BEST announcement he can make is.............THE A's ARE CANCELLED!
Until then there's nothing to see or put any faith in.
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