Speed Commerce Inc (SPDC)

[bar1080]

"Speed Commerce seeks to go private"

"...expects the U.S. Securities and Exchange Commission to act on its request to de-register the stock by the end of March, he says. The company owes its lenders $120 million... "

"To de-register the stock, Speed Commerce proposes a [reverse] stock split that will leave it with fewer than the 300 shareholders required of publicly traded stocks and give existing shareholders one share for every 16 they currently own."

https://www.internetretailer.com/2016/03/16/vendor-speed-commerce-seeks-go-private