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Seems like no PR forthcoming. Q 1 & Q 2 usually strong unless inflation cuts margins
This has taken such a long time to resolve
Hopefully it gets re listed on the OTC and the present management stays current with filings
Great job! When do we see MMIC orders/ sales and for ffs, When do we see significant profits and a share price over $8?
Execs are making hundreds of thousands a year and shareholders ate getting ******** over
Good question. Have you ever tried to call the company? The Grey market has control of trading. Ughhhh
They finished a west coast microwave symposium as a Gold sponsor. I suspect that cost a lot of money to pull off. No news on any sales leads or orders. Perhaps their MMIC designs are not that desirable? They do have competition. What are their chances of success. I hope they do not "milk" this for years and then do a re financing. They are trading at $2.30, that is pathetic. That would be disastrous for shareholders Where is their IR?
Thanks
What happens if they try to privately sell the company. Are shareholders informed?
Question: What happens when a BB stock goes on to the Expert Market? What right do shareholders have?
Thanks
Means that we are trapped in the matrix
Not sure about management intentions but anyone wanting out will take a complete loss. My mistake was that I trusted that them ??
I would like the see what other shareholders think. I hope they ate not in denial
Looks like they are refusing to provide adequate information to shareholders The bankruptcy seems to have kept the share structure in tact. In fact, heck gave up preferred shares. Can anyone explain what obligations they have to shareholders?
Their web page seems to be "under construction ". Check it out. Not sure what that really means
Hi jtomm,
Thanks for your reply to What The Heck Is Going On.
I've been in this for over 2 years and just like others, I was taken in by claims of revenue/backlog numbers touted. I admit that I was duped by a lot of people including the CEO apology, the IR guy and a whole host of BS.
They are now on the Grey Market. My only salvation is that they somehow kept in tact the common share holder structure while doing away with preferred shares to What The Heck, during bankruptcy. The ex CEO may of screwed up again during bankruptcy and the judge may of placed a gag order because of more garbage to deal with.
Anyways, I've learned not to pet the Alligator.
Thanks again,
Mike
I guess we are now subject to the "Expert Market." Bid/Ask quotes are not posted
Who knows what their intent is? Will they eventually file and become compliant again or will they go Gray and just operate privately or even sell the business.
What rights do shareholders have?
From their November 2022 bankruptcy report:
Net Income 483,683.83
I believe they did around $5 million in revenue last year?? I recall a prior post saying that they were working on filing the financials. That was why they filed an extension.at the end of March. Something just doesn't add up with all of this.
IMO, the bankruptcy did not dissuade customers from using their services. I recall that they did business under different company names.? Correct me if I am wrong.
What rights do shareholders have?
Has management been negligent not filing in a timely manner?
Hard to understand what kind of mess the financials were to be so late, especially for a company with revenues below $10 million yearly. Seems to raise a lot of questions.
I sincerely hope they will get things done and keep a listing on the OTC.
Thanks Eli,
Is there ant reason why the judge would prohibit SPSO from paying OTC fees. Afterall, an OTC listing should add to the value of the company
OK Thanks, but that takes us back to the original question: When will they finally file their financials? I recall that a company was working on them. I wonder what the heck was going on?
There has to be a way that they can trade on the OTC. I don't like the Grey or Expert markets. How will potential investors come upon SPSO. I sure hope they straighten out this mess ASAP. They should provide some sort of update to investors.
I'm totally confused,
What happens now? I tried calling the company and the phone is always busy. What are the implications of not filing/paying with the OTC? Seems like a small fee to pay for a public company. How will this trade? They may no longer have IR as a post said there was no email correspondence. How are investors to be kept informed?
Any news ??
I can only hope they file financials and put out some investor info. They treat their investors like POS. No bueno.
OMG !!!! (SPSO) Someone just bought 2 shares at .01 We are due for a bull run:)
Well, Its 4/18 and still no filings smh Shareholders were screwed.
Where are the financials?
https://www.otcmarkets.com/otcapi/company/financial-report/363414/content
Looks like a late filing. April 15th..
Hello Eli,
Can you summarize what is going on in layman's terms?
Thanks
When did they plan to file? Sounds strange. Who was accountable?
Seems like the bankruptcy filings are coming to a conclusion
Any idea how the net revenues and income looks like for January & February?
Based upon November and December 2022 filings: Net income for November $483,684 Net income for December $ 351,494, Not sure if they are affected by seasonality or other factors that may skew monthly reports.
OTC Markets Float of approximately 46 million shares, can anyone project a Share Price for SPSO if they file by March 31st?
BID x SIZE$0.0104 × 750,000 $0.0104×750,000
Someone wants more
Will they just post the year end financials or will they also include the quarterly reports?
How does Heck and company get away with not informing shareholders What are the consequences
Not the way it has been trading the past few weeks. Their IR firm needs to go
$7500 a month for what
What the Heck is going on? Pardon the pun.
Producing a financial report is not rocket science
I'd love to be a fly on the wall with in their corporate office
February 1 and still no financials filed
Disgusting MoFo's
Another week of waiting and nothingness
Uggghh. How ate they getting away with this?
Unbelievable!!! I'm sorry I ever invested in this POS I tried numerous times to call this company to inquire about financials. No one bothers to get back to me with any idea when they will be filed. smh
Noticed that the bid @ .125. with 100,000 shares. Looks like some buying intetest
Sorry to hear that. U has been a Capstone OG.
I just hope they update the financials and shed some light on what's going on.
If you are right we can see some serious share price growth
Will this have any effect on the SP?
i have respect for Mr Wallach and his business acumen. I do disagree with the original premise of The Smart Mirror which was to free up the consumer of using their smart phone at home. As I see it, the opposite is true. Your smart phone frees you from using separate devices. In addition, they marketed a discretionary product in the face of significant economic headwinds