Speed Commerce Inc (SPDC)

[BeachBum]

Deregistered and now trading pink at 16 times less shares outstanding. Market cap at at a mere $540k close of market today. Looks like they planned this for some time. The lender has been floating them and recently foreclosed on some asset in trade for debt. The company continues to operate with little to no layoffs. The lender is essentially calling the shots imo and clearly wants SPDC to survive or they wouldn't have continued pouring millions$$ into continuing operations.

Going private takes the buying of common shares or at minimum an offer. Unless they choose bankruptcy and liquidation where then the stock would be worthless. Someone bought close to $18,000.00 in .10's today. Doesn't look like SPDC is going under but JMHO.

$6 million market cap is $1.00 per share. The company does $120.01M million in revenue close of 2015. Trading at .09?

IMO / GLTA