APT Systems Inc. (OTCMKTS:APTY) just suddenly went into bull mode on a breakout to the upside to close out last week. It would appear as though the catalyst was the company’s filing of a Form D submission to the SEC pointing to a recent capital raise under the governance of Regulation D, which allows such a fundraising process to occur usually for smaller companies without registering an official equity offering with the SEC.
Why would this be such a positive? Frankly, if you’ve been following microcaps on the OTC for any length of time, you know the game theory is very different from that of larger, more well-established companies. In this case, investors want to see the company can raise funds through any means at all. This is simply a sign that they have the ability.
APT Systems Inc. (OTCMKTS:APTY) trumpets itself as a company that focuses on the creation of stock trading platforms, financial apps, and visualization solutions for charting the financial markets. It also provides technical writing and computer assisted design services to other startup companies. APT is an acronym for Applied Proprietary Trading.
APTY was founded in 2010 and is based in San Francisco, California.
According to company materials, “APT is an acronym for Applied Proprietary Trading. The Management of APTY works to deliver stock trading tools and its platform Intuitrader with a focus on handheld devices; while also strategically acquiring other compatible financial businesses which demonstrate strong growth potential. We are continuing our diligent search for software products that would enhance our operations while still watching dialogue on the proposed legislation for the Fintech National Banking Charter.”
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As noted above, the company recently filed a Form D with the SEC (on Thursday of last week). That shows the company has sold equity securities through private placement under the auspices of Reg D with the SEC recently. That, in turn, suggests something is going on behind closed doors in a manner that plays into the concept that this company has something tangible on the way for those with access to a deeper perspective on its operations.
That is a strong reinforcer of confidence among shareholders.
In addition, the company recently announced that, conducive to APTY business plans, it has received a fully executed letter of intent to purchase an existing company for $2,250,000. Along with the sellers offered participation, we have received a financing term sheet that could accommodate the transaction. According to the release, this tech company is currently enjoying profit, with little overhead due to automation and would be a welcome addition.
CEO, Glenda Dowie, said “With the signing of the letter of intent, APT proceeded to conduct a definitive feasibility study with a view to producing a bankable feasibility plan. This is an exciting step for APT and we look forward to completing the diligence work and assessing the results. We remain committed to executing our business strategy and creating long-term shareholder value.”
In the same breath, the company also confirmed that the beta version of its new site can be viewed at www.intuitrader.com. “Our site has been redesigned with a fresh new look and a more impactful presentation of information for visitors. By updating our site, we’ve been able to improve navigation, connect visitors with useful information about our expertise, and provide an easy way for investors and shareholders to contact us.”
Traders will note better than 140% added to share values of the name over the past week of action. Market participants may want to pay attention to this stock. APTY has a track record that includes a number of dramatic bounces. Moreover, the stock has seen an influx in interest of late, with the stock’s recent average trading volume running 62% beyond what we have been seeing over the larger time frame.
Currently trading at a market capitalization of $2.10M, APTY has about $42K in reported cash on the books, which is balanced by about $542K in total current liabilities. The company is pre-revenue at this point. You can bet we will update this one again as new information comes into view. For continuing coverage on shares of $APTY stock, as well as our other breakout stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $APTY, either long or short, and we have not been compensated for this article.