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Wednesday, January 19, 2022

The Fuse Lights for APT Systems Inc (OTCMKTS:APTY)

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In the category of recent monster explosions in the OTC micro-cap space, APT Systems Inc (OTCMKTS:APTY) certainly fits the description. The stock went nuts late last week on 10x average volume for a two-day run that launched shares as much as 200% higher, including a breakout above the 200-day simple moving average. To help fuel the fire, the company just announced that it created its Snapt Games subsidiary one year ago.

According to its most recent release, “To celebrate this anniversary, we have rebuilt the Snapt Games website and included descriptive videos. The games company allows APT Systems to report both its app downloading and advertising revenues for this quarter, while giving our team the opportunity to update skills in the gaming arena for redeployment in our Intuitrader trading platform.”

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.

The company was founded in 2010 and is based in San Francisco, California.

According to company materials, “APT Systems, Inc. is a financial technology company that is developing platforms, including trader access to proprietary charting tools, via the KenCharts application, and plans to launch its innovative trading application, Intuitrader, later this year. Verifundr is an escrow and payments platform. Management also strategically reviews other compatible financial businesses which demonstrate strong growth potential. We are continuing our diligent search for software products to acquire that would enhance our operations. Management launched its subsidiaries SNAPT Games, Inc. and RCPS Management, Inc. to further facilitate new products, acquisitions and long-term goals.”

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As noted above, APTY shares caught fire to close out last week, and may represent an interesting spot to focus for OTC traders as we kick off the new week. The stock saw its fuse lit by the company’s announcement that its subsidiary, Snapt, acquired the app called “ThemeZone—Live Wallpaper” for downloading onto iPhones.

According to the release, “Needless to say, these wallpapers enormously enhance the appearance of the Lock screen on smartphones. These live wallpapers look spectacular while playing them on your phone due the great animations. Working with this asset, expanding the images available and testing marketing approaches, has been very helpful and is creating regular daily revenue into operations. It is also helping us to leverage iCloud services. ThemeZone—Live Wallpaper is available for downloading in the Apple Store with an upgrade feature as an in-app purchase.”

In all, we’ve witnessed 260% during the past month in terms of shareholder gains in the stock, but that move comes in the context of a larger bearish trend. Furthermore, the company has seen a growing influx of trading interest, with the stock’s recent average trading volume running exceeding 410% beyond its prior sustained average level.

“We have now released 2 versions of three games being Chick Boom, Hogg Wild and Candy Chefs as well both Apple and Android versions of Kencharts,” says Glenda Dowie, CEO and President. “We can’t wait to add what we have learned to our financial platforms that we continue developing for release this fall.”

Now commanding a market cap of $6.2M, APTY has virtually no cash on the books, which stands against about $437K in total current liabilities. One should also note that debt has been growing over recent quarters. APTY is effectively entirely pre-revenue at this point (the company doesn’t make any money). That’s important to keep in mind. We look forward to a follow-up chapter as further events transpire. Sign-up for continuing coverage on shares of $APTY stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in $APTY, either long or short, and we have not been compensated for this article.

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