Shorepower Technologies Inc (SPEV)

[prometheus_222]

I briefly went through the 10-K and must say that I am disappointed but not surprised. I do not see how this stock recovers.

The bid/ask has been falling for months and now sits at .05/.22 with no takers. The league owes more than $2M to the Meisenheimer group and affiliates/associates, a debt which the immediate sale of the max goal of forty franchises at $50,000 each would not cover.

Then, there is the issue of the preferred shares which receive any dividends before the common shareholders who number a mere 300 and control only 20% of the outstanding shares.

The history of the league, which apparently has been losing money for the last twelve years, suggests that any potential net profit would be nominal.

In short, it is difficult to foresee a positive future for a league that has neither played a game nor sold a franchise in five years. The stock value, necessarily, will continue to fall.