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That the CEO bought an extra $1M at 10.07 suggests that he believes this stock is going up in the near term. That the revenue is where it's going tells me the stock is worth at least $12/sh fundamentally.
It is now trading under the symbol SAEX. An excellence piece written Mike Winston on the company can be found on Seeking Alpha. The stock is extremely undervalued at these levels.
Trio Merger Corp. is a development-stage company. The Company is a blank check company. It was formed to serve as a vehicle to effect a merger, capital stock exchange, asset acquisition or other similar business combination with a target business. The Company focuses to identify a target business. As of December 31, 2010, the Company did not have any business. During the year ended December 31, 2010, it did not generate any revenues.