Apr. 24 at 3:31 AM
$APYP APYP did
$7,625 in revenue for the entire year and somehow managed to lose
$15.1 million.
They had only
$408K cash,
$8.8M in liabilities, negative working capital, and the auditor literally raised going-concern doubt.
Common shares jumped from 521M to 857M in one year, and with preferred conversions plus anti-dilution protections up to
$17M, future dilution is the real product here.