Aqua Power Systems Inc (PK) (APSI) News

Yep. BB Stock, stervc, and all the pumpers vanished.

So where did all the deal is done with the trucking company disappear to ?

Yup the deal is for sure

Garbage csn

Someone have loose change?

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

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.

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.

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.

Was not the question. You said liquidated. As it was a viable business wanted to know if we drove it under

There is no more merger. Tradition is own private entity and nothing to do with APSI now.

Assets sold? So tradition is gone?

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.

Be patient. Sure there are those holding to hope here as legally we have not seen judgement yet in print

Yea don't think that will happen. Maybe 007 again... but doubtful. But anything is possible. Just glad I got some 9s

This gets to .005 will pick for future use

Riiighhhtt......If you believe that I have some waterfront property in death valley I can sell you.

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 $$$$

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.

Carnes and company liquidating their shares today?

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.

It may be a shell play but it was horrificly managed with the last acquisition. The dood is a crook. Cant trust this

dont know why more dont sell at this price. I will get back in at less than one cent just for the shell

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.

Yup. Was all last year when they were fighting over the Tradition acquisition and things were falling apart.

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?

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."

OTCM doesnt really care as long as they are getting paid.

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.

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.

Yeah because he could never get an offering qualified because of the mess he made of it.

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.

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!

Because he needs one so he can set up another Dilution scam. Its big business for him.

Because you need to look at it from his perspective ….

Carnes didn’t make any money from the Tradition acquisition. He lost money from it, since APSI had to relinquish control of all of Tradition.

As a result, Carnes still has an “incentive” for his own self (not only just for shareholders) to still actively search for another merger or acquisition opportunity for APSI.

I never said I fully trusted Carnes ….

Whether he is at any or all fault for the Tradition situation is fair to speculate.

With that being said, there were still two positive things he did for the APSI ticker in the past. He spent his own money to clean up the shell and to also reduce the O/S from 50 million to 17 million shares. Those are facts that you or anyone else can’t deny.

An empty shell (especially a clean one) is worth at least $3 million market cap on average historically in the OTC. The current market cap of APSI now is only $400,000, which is only 1/8 the value of the historical average of an empty shell.

The news we got last night did say that APSI is still presently and actively looking for another trucking/logistics company.

There is still a very realistic chance that another company could come in this shell in the foreseeable future. Especially with it being cleaned up and only 17 million O/S. That right there makes it an attractive shell.

Why would Carnes bother even looking for another RM target for this thing when he has other scams he can focus on milking cash out of unsuspecting people?

Why TF would you trust Carnes at this point. I dont get it.

Looks like APSI is going back to being a clean shell.

No more Tradition.
The only good thing to happen to APSI over the past couple of years is that Carnes did get the shell clean and was able to get the O/S down from 50 million shares to 17 million shares.

The current status is now a clean shell, and still 17 million O/S. APSI can now look for another opportunity for acquisition or reverse merger. The shell will still be attractive due to its low O/S of 17 million and being cleaned up previously.

Unfortunately no more Tradition, so hopefully a new company comes in later this year or so, or at least within the next 6-12 months.

Yep. I hope people remember who was pumping this and telling you to buy at .50+. They knew this was a sham from the start.

Yup - this thing is worthless. Funny how the pumpers are long gone and did nothing but attack those of us who asked questions because this smelled suspicious from the start of Carnes and Friends lying.

Blamed it on Tradition too. What scumbags. Led investors on.

https://www.otcmarkets.com/otcapi/company/financial-report/401237/content

I think it's safe to say Tradition is no longer part of APSI. What a sham.....

🚨 APSI

💰 0,029025
📝 Officers Update:

🔴President Removed: Joseph Michael Davis
🔴Treasurer Removed: Joseph Michael Davis

AS: 200.000.000

📝 Buisiness Description Update:
🟢 The Company is pursuing opportunities in the logistics and transportation industry.

AS: 200.000.000
OS: 17.204.180

Yeah I dont know why SEC doesnt enforce anything. Seems like hes setting up for an easy win for them IMO.

And he keeps getting away with it, so not surprising hes focused on the other scams now.

Lol check out this scam they are running now: https://www.newsfilecorp.com/release/208228/Greene-Concepts-and-Tocca-Life-Holdings-Join-Forces-Within-4.5-Trillion-U.S.-Healthcare-Industry-to-Increase-Vitality-Nationwide?utm_source=dlvr.it&utm_medium=twitter

Major fraud at its finest. Oh well Carnes off pumping his other tickers currently so he doesnt care.

These clowns had to file a withdrawal of their offering withdrawal, since they used the wrong form.
They re-filed the offering withdrawal (presumably on the proper form) today and I saw this gem of a statement in there as well:

"The Company has decided not to pursue the qualification due to significant changes in the business prospects of the Company that have rendered moot the business purposes of the Offering Statement"

Yup, I don't even know why they filed that amendment to the offering a few weeks ago, since the price is dream land.

Will be interesting when financials come out since Q1 is due in 10 days, assuming they file.

Requesting to withdraw their offering now:
https://www.sec.gov/Archives/edgar/data/1553264/000168316824002943/aquapower-rw.htm

Probably because they sold all the assets and theres no way they could get the price they were asking for shares.

Bashers? The company is liquidating assets and not telling shareholders.

You consider bashers those that find this out via sources and post it.

APSI Needs better pumper

Dollar Volume: $153
Quantity: 1,000