Metrospaces Inc (MSPC)

[Diligence Due]

I jumped ship on the last jump, 50% profit I'll take it. Company has potential, but I noticed they do have a fair amount of outstanding debt and it seems as though they are periodically pumping (with legitimate news and revenues) in order to allow for the people they owe to sell their shares on the market. It is likely that they will follow the same route in about a month. They key here is that eventually the debt will be fully paid off and it will be time for them to release their Q's with fresh books and this thing becomes a 20 bagger. I just got tired of waiting around for the debt to be paid off. I think the debt was about 11 million, but they are making about a million a quarter off of etelix. (Remember they only own 51%). This plus dilution should lead to the end of dealing shares to eliminate debt. I would guess sometime around October this could be in the 20's.