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      6. Aqua Power Systems Inc (PK) (APSI)

      7. Aqua Power Systems Inc (PK) (APSI) News

      Aqua Power Systems Inc (PK)

      Aqua Power Systems Inc (PK) (APSI)

      USOTC
      0.018
      0.00
      (0.00%)
      Closed August 31 4:00PM
      Delayed by 15 minutes

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      APSI News

      Official News Only

      Form 1-A-W - Withdrawal of offering statement [Regulation A]
      Edgar (US Regulatory)
      May 06 2024
      APSI (0.00%)

      Form RW WD - Withdrawal of Registration Withdrawal Request
      Edgar (US Regulatory)
      May 06 2024
      APSI (0.00%)

      Form 1-A/A - Offering Statement [Regulation A]: [Amend]
      Edgar (US Regulatory)
      November 06 2023
      APSI (0.00%)

      Form RW WD - Withdrawal of Registration Withdrawal Request
      Edgar (US Regulatory)
      July 25 2023
      APSI (0.00%)

      Quarterly Report (10-q)

      0001553264 false --03-31 2023 Q2

      Edgar (US Regulatory)
      November 10 2022
      APSI (0.00%)

      Annual Report (10-k)

      0001553264 false 2022 FY

      Edgar (US Regulatory)
      June 29 2022
      APSI (0.00%)

      APSI Discussion

      View Posts
      HulkInvestment HulkInvestment 3 days ago
      Time will tell - Watching for .020 break
      👍️0
      netmoney1999 netmoney1999 3 days ago
      Why? There is nothing here to drive either volume or price.
      Its essentially a shell with held by crooks - Carnes and Friends.
      👍️ 1
      HulkInvestment HulkInvestment 4 days ago
      Bullish - $0.02 break gives $0.05
      🤣 2
      samson8 samson8 2 weeks ago
      Yep Carnes getting sued again for trying to pull a fast one on the owners of tradition.
      👍️0
      netmoney1999 netmoney1999 2 weeks ago
      10-Q was filed a couple days ago... nothing happening/no operations.

      One item of note in the filing: "A complaint for damages was iled on June 20, 2024, by Bulwark Capital, LLC vs. Robert Morris, Stephen Carens, Aqua Power Systems, Inc. in the state of Indiana, Marion county superior court. The Company and the defendants
      are vigorously def ending this case"
      👍️0
      samson8 samson8 3 weeks ago
      Maybe the link doesn't work. Can go to Marion courts online and search for Carnes. Case was opened in June of this year. Being sued again for not paying the promissary notes for the Tradition transaction.
      👍️0
      Roofus Roofus 3 weeks ago
      It says this case is expired or invalid ….

      Link doesn’t work.
      👍️0
      samson8 samson8 3 weeks ago
      More legal trouble in this. Another fraud lawsuit against Carnes and APSI

      https://public.courts.in.gov/mycase/#/vw/CaseSummary/eyJ2Ijp7IkNhc2VUb2tlbiI6Iml2YzBWcmtIcTc2VzRaWnFEbzEtUUtMaFJ6WkNEajhhYndESFQzdlZOV00xIn19
      👍️0
      HulkInvestment HulkInvestment 3 weeks ago
      Exactly why you should know, it will once again get another push in the future.
      👍️0
      samson8 samson8 3 weeks ago
      Lol good one. Look at the ownership structure. Come on man, you have been around and should know how these OTC work.
      👍️0
      HulkInvestment HulkInvestment 3 weeks ago
      Since when is Carnes is still CEO?
      👍️0
      samson8 samson8 4 weeks ago
      This right here is the whole reason OTC is dead. Supporting OTC grifters like Carnes again after they lied to and duped investors for a year here. Continue to beat this exchange into the ground.
      👍️0
      HulkInvestment HulkInvestment 4 weeks ago
      Exactly - summers almost over
      👍️0
      ed3/6me ed3/6me 4 weeks ago
      About time to buy some speculation stock. Buy and hold
      👍️0
      HulkInvestment HulkInvestment 4 weeks ago
      You know what’s not necessary. Your comments! Past is the past. Move on!
      👍️ 2
      samson8 samson8 4 weeks ago
      Great. Thanks for announcing that you bought shares in this. Really necessary.
      👍️0
      HulkInvestment HulkInvestment 4 weeks ago
      Why? Because I wanted too. Idc about the past. Best of luck to you.
      👍️0
      samson8 samson8 4 weeks ago
      Why? This was pumped and dumped by Steve Carnes and he lied about many things along the way.
      👍️ 1
      HulkInvestment HulkInvestment 4 weeks ago
      Added
      👍️0
      samson8 samson8 2 months ago
      Yep. BB Stock, stervc, and all the pumpers vanished.
      👍️0
      lovethatgreen lovethatgreen 2 months ago
      So where did all the deal is done with the trucking company disappear to ?

      Yup the deal is for sure

      Garbage csn
      👍️ 1
      ed3/6me ed3/6me 2 months ago
      Someone have loose change?
      👍️0
      ed3/6me ed3/6me 2 months ago
      I think they should have given the whole thing over to tradition. Surrendering their shares as compensation. Then the innocent would have had a chance to participate with them
      👍️0
      netmoney1999 netmoney1999 2 months ago
      Nothing here that anybody did... it was all whatever happened between the Tradition group owners and Morris, Carnes and Co with the acquisition. The public information filed by apsi (so we only see one side of the story) just states that there were financial irregularities and issues that could not get resolved and assets were being liquidated to satisfy financial obligations.
      https://www.otcmarkets.com/otcapi/company/financial-report/401237/content

      We know there was an ugly lawsuit and countersuit from both sides so most likely was things both parties did wrong, although the appearance was that Morris and Carnes tried to pull a fast one on the tradition owners and screw them and it fell apart.
      👍️0
      netmoney1999 netmoney1999 2 months ago
      Agree the shell is ripe for picking. I'm not complaining about it at all, was just stating that the previous merger was dissolved and its back to empty shell status pending whatever may come.
      👍️0
      Vipyr Vipyr 2 months ago
      An empty shell that has an insane market cap. There have been bloated fraudulent pig stocks that trade 20x higher than this where fraud completely surrounds the stocks... This one is about as clean as they come. The people that continue to bitch and whine should have moved on long ago instead of torturing themselves. This stock is easily worth .12-15 cents. And I have nothing but time and money.
      👍️0
      ed3/6me ed3/6me 2 months ago
      Was not the question. You said liquidated. As it was a viable business wanted to know if we drove it under
      👍️ 1
      netmoney1999 netmoney1999 2 months ago
      There is no more merger. Tradition is own private entity and nothing to do with APSI now.
      👍️0
      ed3/6me ed3/6me 2 months ago
      Assets sold? So tradition is gone?
      👍️0
      netmoney1999 netmoney1999 2 months ago
      I'm not sure what legal judgement you're looking for? The case was dismissed as agreed upon by both parties, and the agreement is private/sealed. We don't know and will likely never know the details since nobody is required to say anything... we just know the deal was dissolved and assets sold off and nothing is left here but an empty shell.
      👍️0
      ed3/6me ed3/6me 2 months ago
      Be patient. Sure there are those holding to hope here as legally we have not seen judgement yet in print
      👍️0
      Vipyr Vipyr 2 months ago
      Yea don't think that will happen. Maybe 007 again... but doubtful. But anything is possible. Just glad I got some 9s
      👍️0
      ed3/6me ed3/6me 2 months ago
      This gets to .005 will pick for future use
      👍️0
      samson8 samson8 3 months ago
      Riiighhhtt......If you believe that I have some waterfront property in death valley I can sell you.
      👍️0
      Vipyr Vipyr 3 months ago
      I picked up 100k more shares today at 009s My last 25k block was at 0095 today. Regardless of this company and regardless of what they have going on if anything or NOTHING, we still have a 17 million share OS and float... Don't care if Carnes is the criminal he has always been or not, could really give 2 sh*ts. And I feel no pity for the dummies whom dumped in the 01s and 009s yesterday and today. These kind of market cap stocks and tiny float/share structures always run several times a year. And I am loaded yet once again in the 009s and will rake in $$$$
      👍️ 2 💯 2
      Roofus Roofus 3 months ago
      Carnes didn’t make any money here ….

      He paid money to clean up the shell and reduce the O/S from 50 million to 17 million.

      And he never officially did dilute any shares once Tradition came in. And now there is no more Tradition. So no dilution (as of now up through current).

      He lost money here.

      The acquisition got undone.
      It’s as if it never happened.
      Carnes lost here (lost quite a bit of money).
      As did current shareholders.
      Unless a new reverse merger or acquisition play comes in here again at some point.

      Time will tell.
      👍️ 1 💯 1
      samson8 samson8 3 months ago
      Carnes and company liquidating their shares today?
      👍️0
      netmoney1999 netmoney1999 3 months ago
      Yup - only thing this is good for is a pump play... Watch if Carnes does anything with it and can get a good return on the initial spike and then dump it.
      👍️0
      Fanthos Fanthos 3 months ago
      It may be a shell play but it was horrificly managed with the last acquisition. The dood is a crook. Cant trust this
      👍️ 2
      ed3/6me ed3/6me 3 months ago
      dont know why more dont sell at this price. I will get back in at less than one cent just for the shell
      👍️0
      Roofus Roofus 3 months ago
      The market cap is so low at rock bottom ….

      That it still went green today.

      Just move it back to a shell play, and let it correct itself to a historical average of $3 million market cap for a shell play.

      Market cap is still only $500,000 here. That is a big nothing burger, and theoretically any shell play is worth at least a couple million dollars in market cap historically, and this one was cleaned up and only at 17 million O/S.
      👍️ 1 💥 1
      netmoney1999 netmoney1999 3 months ago
      Yup. Was all last year when they were fighting over the Tradition acquisition and things were falling apart.
      👍️0
      samson8 samson8 3 months ago
      Why TF is SSET involved in this too?

      On January 24, 2023, the Company issued a promissory note with a principal amount of $500,000 to Starstream Entertainment, Inc.The promissory note has a maturity date of December 31, 2023, and bears interest at 10% per annum. The accrued interest at March 31, 2024, is $32,055.

      So they still owe Carnes $755,000 and SSET $500,000 from bogus promissory notes they wrote to themselves?
      👍️0
      netmoney1999 netmoney1999 3 months ago
      Q1 financials filed. No assets, no revenue, just a huge loss and debt from dumping the Tradition acquisition. Garbage. Not sure how they can continue to claim not being a shell with no operations or revenue.

      Summary from financials: "The Company has generated no revenues for the year ending March 31, 2023, had a net loss of $21,083,919 (due in large part to discontinued operations), and accumulated deficit of $548,940."
      👍️0
      samson8 samson8 4 months ago
      OTCM doesnt really care as long as they are getting paid.
      👍️0
      netmoney1999 netmoney1999 4 months ago
      I see a Notification of Late filing on the OTC site, with reason stated as "Report could not be filed within the prescribed time period. Change in accounting personnel caused an unanticipated delay in finalizing financial data."

      However, this looks like a basic word document that was typed up in under 2 minutes so I don't see if this would be official or accepted by the OTC.
      👍️0
      netmoney1999 netmoney1999 4 months ago
      Yeah, this was primed for massive dillution with shares to be issued, but whatever happened (we'll never know for sure) with Carnes and Friends, it died on the vine. Usually with these things, there is some fault on both sides, but based on Carnes history and how things went down (along with the promotion, lies and lack of communication) I think the vast majority of the blame is on his side.
      👍️0
      samson8 samson8 4 months ago
      Yeah because he could never get an offering qualified because of the mess he made of it.
      👍️ 1
      Roofus Roofus 4 months ago
      Yeah, it appears Carnes didn’t benefit ….

      at all financially from APSI / Tradition.

      It seems logical it would be in his best interest now to look for another company to come in to APSI, via reverse merger or acquisition.
      👍️0
      Chuck Mustang Chuck Mustang 4 months ago
      Yet for this scam, the O/S only ever came down, not a single share was issued, hmmm, SP was 10 times this pre-Tradition, 17m float, glad I stuck around and picked up more!
      👍️ 1

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