Speed Commerce Inc (SPDC)

[BeachBum]

They can WANT to go private all day long but there are still 6 million common shares to be dealt with. They deregistered when the share price dropped below a $1.00 for an extended period. The market cap with 96 mil outstanding pre split was far higher than it is now making it much easier to tender offer the remaining 6 million post split. The market cap went from $20+ million to less than $500,000 in weeks with nothing really changing operationally. Even at $1.00 per share, we would be at $6 mil market cap, far below where this once traded. Sub .10 for this stock is ludicrous imo.