Board Change • Sep 17
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). VP of Marketing & Capital Markets and Director Lucky Janda is the most experienced director on the board, commencing their role in 2022. Independent Director Harp Sangha was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. New Risk • Sep 07
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 287% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$7.3k). Shareholders have been substantially diluted in the past year (287% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$7.43m market cap, or US$5.48m). Announcement • Jun 18
AAPKI Ventures Inc. announced that it has received CAD 0.1 million in funding On June 17, 2024, AAPKI Ventures Inc. closed the transaction. The company announced that it has issued 100 convertible debenture units at an issue price of CAD 1,000 per unit for the gross proceeds of CAD 100,000. The Debentures mature on the date that is 12 months from the date of issuance and bear interest at a rate of 10.0% per annum from the Closing Date, payable on the earlier of the Maturity Date or the Conversion Date. This Debentures allows investors to convert their debentures into units of the Company at a conversion price of 0.05 per unit. Each unit will be comprised of one common share and one share purchase warrant. The warrants are exercisable at CAD 0.05, granting the holder the right to purchase additional common shares for a period of 3 years following the issuance. Board Change • Jun 01
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. President, Interim CFO, CEO & Director Lucky Janda is the most experienced director on the board, commencing their role in 2022. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Announcement • May 15
AAPKI Ventures Inc. announced that it expects to receive CAD 2.9 million in funding AAPKI Ventures Inc. announced a non-brokered private placement of 58,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 2,900,000 on May 13, 2024. Pursuant to the terms of the financing, each unit consists of one common share in the equity of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share of the company at a price of CAD 0.06 per share for a period of two years from the closing of the financing. Warrants are subject to a four-month acceleration upon the shares trading for 10 consecutive days at CAD 0.25 or more. Any securities issued as a result of the financing will be subject to a statutory hold period. The financing is subject to exchange policies. Certain officers of the company have acquired units in the financing. Announcement • May 09
Aapki Ventures Inc. Announces Board Changes Aapki Ventures Inc. announced that Parmjeet Johal has resigned from the Board of the Company, effective immediately, due to personal reasons. As replacements for Mr. Johal, the Company announced that Mr. Marcus D. Withers and Mr. John Flynn will join the Company as independent directors. Mr. Withers has extensive experience in business management, having served as CEO of The Property Group LLC and MKM Investment Group LLC since 2005. He also owned and operated a notable hospitality business in Louisville and supported music artists through an artist development program. Recently, Mr. Withers worked in the auto dealership business with his family, specializing in sales, operations, financing, and insurance. He is actively involved in his community through his charity, The Withers Academy of Music and Entertainment (WAM), and his university fraternity. Mr. Withers earned a Bachelor's degree in Marketing from the University of Louisville in 2001 and completed his Master's in Business Administration (MBA) from Indiana Wesleyan in 2012. Mr. Flynn has been an entrepreneur throughout his career, growing four companies as a principal investor to as many as one thousand employees across industries like environmental services, computer services, specialty financial services, and transportation and logistics services. He believes in the growth of American companies with American workers, opposing outsourcing overseas for "pricing efficiencies," which he thinks weaken the domestic economy. As an advisor to the board of directors of Lyneer Staffing, he orchestrated a national expansion and selling strategy that significantly increased the company's revenues and EBITDA. He co-founded Xpress-1, a national logistics firm which he placed on the American Stock Exchange in 2005. Mr. Flynn's wide-ranging experience includes roles as President and Chief Financial Officer of Segmentz (the prior name of XPress-1), Chairman and co-founder of Remote Lojix, and founder of Nanoviricides Inc. He has also made significant investments in various sectors, including films, military technology, and financial services, and held senior management positions in several public and private companies. He has served as a consultant for various firms and has been involved in providing merger, financing, and strategic consulting to small to mid-sized companies across various industries. Announcement • Mar 19
AAPKI Ventures Inc. announced that it expects to receive CAD 0.5 million in funding AAPKI Ventures Inc. announce a non-brokered private placement of unsecured convertible debentures with an aggregate principal amount of up to CAD 500,000 on March 18, 2024. The debenture will convert into units at a conversion price of CAD 0.05 per unit. Each unit will be comprised of one common share and one share purchase warrant. The warrants are exercisable at CAD 0.05, granting the holder the right to purchase additional common shares for a period of 3 years following the issuance. The debentures mature on the date that is 12 months from the date of issuance and bear interest at a rate of 10% per annum from the closing date, payable on the earlier of the maturity date or the conversion date. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$424k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$424k free cash flow). Earnings have declined by 9.3% per year over the past 5 years. Shareholders have been substantially diluted in the past year (123% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.11m market cap, or US$822.4k). New Risk • Jul 11
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 123% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shares are highly illiquid. Negative equity (-CA$97k). Earnings have declined by 17% per year over the past 5 years. Shareholders have been substantially diluted in the past year (123% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.72m market cap, or US$1.29m). Announcement • Jun 20
Pushfor Tech Inc. announced that it has received CAD 0.4 million in funding On June 19, 2023, Pushfor Tech Inc. closed the transaction. The company amended the terms of the transaction. The company has issued 8,000,000 units at an issue price of CAD 0.05 per unit for gross proceeds of CAD 400,000 in the transaction. The transaction was oversubscribed. Certain officers of the company have acquired units in the transaction. The transaction is subject to exchange policies. Announcement • May 27
Pushfor Tech Inc., Annual General Meeting, Aug 08, 2023 Pushfor Tech Inc., Annual General Meeting, Aug 08, 2023. Board Change • Mar 28
No independent directors There are 3 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. No independent directors (3 non-independent directors). President, Interim CFO, CEO & Director Lucky Janda is the most experienced director on the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of experienced directors. Announcement • Jan 21
Pushfor Tech Inc. announced that it expects to receive CAD 0.75 million in funding Pushfor Tech Inc. announced a non-brokered private placement of up to 10,000,000 units at a price of CAD 0.075 per unit for the gross proceeds of CAD 750,000 on January 20, 2023. The company may pay finders fees in respect to this financing. Any securities issued as a result of the financing will be subject to a statutory hold period. Announcement • Dec 03
Pushfor Tech Inc. announced that it expects to receive CAD 0.625 million in funding Pushfor Tech Inc. announced a non-brokered private placement of up to 12,500,000 units at a price of CAD 0.05 per unit for the gross proceeds of up to CAD 625,000 on December 1, 2022. Each unit will be comprised of one common share and one common share purchase warrant at CAD 0.05 per share. Warrants will expire six months after closing. The transaction is expected to close on December 21, 2022. The Company may pay finders fees in respect to the transaction. Any securities issued as a result of the transaction will be subject to a statutory hold period. The transaction is subject to exchange policies. Board Change • Nov 16
No independent directors There are 5 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. No independent directors (5 non-independent directors). VP, Chief Technology Officer & Director Kyle Lucas is the most experienced director on the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Lack of board continuity. Lack of experienced directors. Announcement • Aug 31
Pushfor Tech Inc. Announces Changes to its Board of Directors Pushfor Tech Inc. announced the appointment of Mr. Lucky Janda and Mr. Harpreet "Harp" Sangha to the Board of Directors, effective August 30, 2022. Additionally, Pushfor announced the resignation of Parm Johal from its Board of Directors effective August 30, 2022. Mr. Janda is an independent businessman with over thirty years of experience in public companies and real estate development. Mr. Sangha has been a founder, executive and board member of several public companies and also brings over thirty years of entrepreneurial, operational and capital market experience to the Company. Board Change • Apr 27
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. 1 independent director (3 non-independent directors). Independent Director Parm Johal is the most experienced director on the board, commencing their role in 2021. They were also the last independent director to join the board. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Announcement • Jan 20
Pushfor Investments Inc. (CNSX:PUSH) completed the acquisition of AFX Networks Inc. from Professional Trading Services S.A. Pushfor Investments Inc. (CNSX:PUSH) entered into a definitive share purchase agreement to acquire AFX Networks Inc. from Professional Trading Services S.A. for $1.4 million on November 8, 2021. The consideration for the transaction includes 15,000,000 shares of Pushfor Investments Inc. and $250,000 in cash. The acquisition is subject to the satisfaction of customary closing conditions. The acquisition has been unanimously approved by the Board of Directors of Pushfor Investments. The acquisition is set to close in the coming days.
Pushfor Investments Inc. (CNSX:PUSH) completed the acquisition of AFX Networks Inc. from Professional Trading Services S.A. on January 19, 2022. Announcement • Apr 15
Pushfor Investments Inc. announced that it has received CAD 1.772 million in funding On April 13, 2021, Pushfor Investments Inc. (CNSX:PUSH) closed the transaction. The company received 35,440,000 units for gross proceeds of CAD 1,772,000. The transaction included participation from certain directors of the company. Announcement • Mar 05
Pushfor Investments Inc. announced that it expects to receive CAD 2 million in funding Pushfor Investments Inc. (CNSX:PUSH) announced a non-brokered private placement of 40,000,000 units at a price of CAD 0.05 per unit for gross proceeds of CAD 2,000,000 on March 3, 2021. Each unit consists of one common share one common share purchase warrant at CAD 0.06 per share. Warrants will expire five years after closing. The company may pay finders fees in respect to the transaction. Any securities issued in the transaction will be subject to a statutory hold period. Announcement • Feb 10
Pushfor Investments Inc Announces Changes in Chief Executive Officer Pushfor Investments Inc. announced that Aram Ayrapetian has stepped down as Chief Executive Officer and interim Chief Financial Officer and director to pursue personal interests unrelated to the company. In his place, Mr. Tajinder Johal will act as Chief Executive Officer and interim Chief Financial Officer, and director. Announcement • Jan 26
Pushfor Investments Inc., Annual General Meeting, Mar 25, 2021 Pushfor Investments Inc., Annual General Meeting, Mar 25, 2021. 