Insider Group Discloses 60.3% Control of APPlife; Series C Converts to 12.5% of Fully Diluted Stock
ALDS is trading near its 52-week low of $0.052 (0.0% above the low) on elevated volume (18× avg).
Summary
APPlife's CEO, CFO and affiliated entities filed a Schedule 13D showing they control 60.3% of the common stock, with Series C preferred converting into 12.5% of the fully diluted count and the company short of authorized shares to deliver it.
Key Events · Ownership and Investor Activity · ALDS
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Insider Group Reports 60.3% Control
Mammoth Crest Capital, Michael Hill, Barrett Evans, SportsAlert Media and EMC2 filed jointly, reporting 8,977,336 shares, or 60.3% of the common stock, counting each security once.
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Series C Converts to 12.5% of Fully Diluted
MCC's 1,250 Series C preferred shares convert into 12.5% of the fully diluted common stock, estimated at 5,172,336 shares; excluding Series C, the group's stake would be 39.2%.
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Authorized Shares Insufficient for Conversion
The filing states the issuer lacks enough authorized, unreserved common stock to deliver all shares issuable on conversion; the pending amendment would raise authorized shares from 20,000,000 to 990,000,000.
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Insider Pay and Advances May Convert to Stock
SAP owes Hill about $356,000 and Evans about $193,500 in accrued compensation, and the issuer owes MCC about $910,000; no settlement is agreed, but the group may propose converting these amounts into securities.
Analysis · ALDS · Trade & Services
A five-person group led by CEO Michael Hill and CFO Barrett Evans has disclosed control of 60.3% of APPlife's common stock, and the Series C preferred held by their vehicle Mammoth Crest converts into 12.5% of the fully diluted share count. This is a control block, not a passive stake: the group already pushed through the increase in authorized shares to 990 million, and the filing admits the company currently lacks enough authorized, unreserved stock to deliver every conversion share. Against a going-concern warning and debt defaults disclosed in the October 8 10-K, the practical read is that insiders will convert preferred and notes and may settle roughly $1.46 million of accrued pay and advances in stock — dilution that lands on outside holders. The Series C class vote also gives Mammoth Crest voting power above its ownership percentage.
How filings like this one have moved
In the 30 days to Oct 26, 2026, 36.2% of the 898 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.75%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, ALDS was trading at $0.05 on OTC in the Trade & Services sector, with a market capitalization of approximately $1.3M. The 52-week trading range was $0.05 to $8.36. This filing was assessed with negative market sentiment and an importance score of 8 out of 10.