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I am sitting at the ask waiting for a fill.
Fund the account. ;)
I am trying to get a few more here.
SPHE (.08) Spearhead, Ltd., Inc. DD Compilation Post
Make sure you mark the board: http://investorshub.advfn.com/boards/board.aspx?board_id=15628
I want to thank jimmybob for the info so far...
I am sure you are wondering why SPHE was up 700% today, and at times 1400%. Well below you will see why. This is not all the DD I have found, and I am sure there is more to be dug by others. But here is most of what I have found. There is nothing more exciting then digging up info on a Pink Sheets company, and continuing to find Gold Nuggets. And SPHE surely fits the bill.
In February 2009, SPHE began updating PinkSheets… this is how it was brought to my attention. I have never seen a pinksheets company with the amount of disclosure SPHE has. Just take a look for yourself.
http://pinksheets.com/pink/quote/quote.jsp?symbol=sphe#getFilings
Upon looking at the filings you will see that SPHE was trading on the London Stock Exchange under the Symbol SPHE.l at $10!( http://finance.yahoo.com/q?s=sphe.l ) I am not a great currency conversion guy, but that isn’t .08! Heck that’s 125 bagger from the current SPHE.PK level!
As of Feb 2009, it decided to move from London to the Pinksheets, where I am sure it is trying to get more exposure: http://pinksheets.com/pink/quote/quote.jsp?symbol=sphe#getNews
The company continued to update it’s filings and achieved a fully-reporting status from Pinksheets in March. The process of getting it’s current audited filings up-to-date caused it to lose it’s status temporarily as we are awaiting updated financials for 2008: http://pinksheets.com/otciq/ajax/showFinancialReportById.pdf?id=20186
I am sure any updated of it’s financials will send this orbital(from wherever it may be)
Now for the Meat.
As of Year end 2007, the company has over $15 million in revenues. Pretty huge. If you look at the companies investor page you will see something that blows your mind:
Now one would normally be pretty skeptical when a PINKSHEET company claims to be aiming for 1 billion in revenues. And I was pretty skeptical myself, but thought $15 million in revenues is very good for any company trading under $1, and at .08 it’s a steal. I still thought SPHE was a great buy here. Then I started digging.
The Economy is tough, and our country is headed towards 10%+ in unemployment. Yet SPHE has Job openings for 55 Positions posted as of Jun 2nd and June 15 2009????!!! You got to be kidding me! This is no upstart company and has been around since 2004(to include some acquisitions). But 55 positions, and not the blue collar type. HR positions, IT Positions…ect. Below is the link to the job openings and the images:
http://www.spearheadlimited.ca/Careers/all_positions.asp
HUGE IMHO!!!!
So why is SPHE hiring on top of it’s staff that is already bringing in over $15 million in revenues a year. Well here is why… they have landed MILLIONS in contracts from the Canadian Govt for IT work and consulting. Now how many times have you seen a PR from a PinkSheet company saying they have landed a contract/govt contract for millions of dollars? I have seen it a few times. Well the difference here is we have FACT. Right on the Canadian Govt Website! HUGE IMHO!! And it’s 5 pages long!!!!
Link: http://www.disclosed.ca/?keyword=SPEARHEAD+MANAGEMENT+CANADA%3C%2Fb%3E
Over 5 million dollars in contracts ! And this is one of the companies clients…one!
There are many different ways to get a companies valuation and a value on the PPS. With SPHE, until they release the updated financials for 2008, I use the Market Cap.
As of todays close SPHE has a market cap of 3.2 million. Based on the revenues from 2007, SPHE should be at least at a $15 million market cap, which would give us a PPS of .40!. If you use some trends from Big Boards like Google it is MUCH HIGHER. Google did 16 billion in revenues for 2008, yet has a market cap of $128 Billion! That’s almost 8 times its revenues… Using the same formula one could give an estimate PPS of SPHE of $3.20!!!. And with these new contracts and SPHE’s goal of being a Billion Dollar company, one could only guess what the True PPS valuation should be… you can be sure it’s not anywhere near today’s close of .08…
SPHE trades very thin. It has 23 million shares in the float with a 41 million O/S. The Share structure has remained the same for at least 5 years, and there is zero dilution. PinkSheets Lists 140 shareholders, which leads me to believe there may be many stakeholders holding here. The true float may be much much smaller.
Insiders and institutions hold 28 million shares of the O/S! That’s more than Half!
Tight Share structure!
So SPHE was at .80 in 2005. I added all the trading volume since that time to get us to .01 and there has been only 2,421,382 shares traded. BUYS and SELLS. I would guess 200k gets us to .25. 300k get us to .50, and another 300k gets us to .80.
Based on the Monthly chart, there is really little resistance for .50-.80 test.
That is all I have to share so far. There is tons more DD out there. In Summary, we have a company that’s shares has laid dormant while it has continued to grow revenues and hire employees. The company has finally started to begin updating the investment community via the filings on pink sheets, and the PPS has started to reflect the it’s huge potential.
I really feel .50 comes here soon. GLTA!
i just filled another 30k. I am happy
Im sitting there on the ask waiting for my fill. lol
ST is getting tired of me calling. I start to give them my account number and they are like...."Mr Oliver?"...yep me again. lol
I got two blocks before the move. I am happy. Still have one more to fill. I am hitting the ask...waiting.
I had to place a call in to ST to get my order in and I just sat here waiting. I wanted more, but I am sure that they will be tough to come bye.
I may try to pick up some more.
Just filled! Yea
Getting a little disheartening. :/
my order still has not filled... :(
i am sitting on 8 and waiting here for my fill.
God it is early here. lol. I just want my shares darnit.
Yes, I had to call st to get it in. I put it in earlier today. I will just wait and see if it fills tomorrow.
ohh i got mine too all 245 shares. I had aon ticked for 200k but gave me 245 shares? wtf Did not fill the rest either.
Got to love getting .... arg
Dont feel bad. I am sitting here waiting for some to even fill. I would take the 245 shares. :)
Hope it is sooner rather than later. Would make a nice bit of change to have when I go state side again.
slow as all here. Holding onto a few million for the right number. I would like to see mid to high teens again. I have my sell sitting there waiting for it. If it does not come until the end of the week then ohh well. I have enough powder sitting around to play other positions.
:)
:) Yep got that. Little slow on getting messages out here mate.
Cheers
Yes, Just finished DLing the doco and you are correct.
Cheers mate.
From the commons board...
I just downloaded the main document from PACER...I haven't read it yet, but the caption states, "Motion of Debtors Pursuant to Section 105(a) of the Bankruptcy Code and Bankruptcy Rule 9019(a) for Approval of Settlement with JPMorgan Chase Bank, N.A."
Trying to download here in Australia. It is very slow for me.
Link?
interesting... eom
So true GN.
Ohh I know. I usual enter and leave once a day. Today I did not leave, but I am sure I can tomorrow. :)
I would be happy for another pop into the mid teens again.
I like the little runs here and there. Gives me more powder to play with on other things
Got myself another handful today too. Will dump them when it hits my pps that i have set in my head.
It has been working for the last few days for me. I am waiting for the upticks today. ;)
Ohh I will on the dip tomorrow. :)
This is what I have been doing for a while now. I have some free shares that I am holding for a god run; but heck, I will take a .0002 to .0004 gain and flip a few million shares in a day. I figure why not.
I am happy as i unloaded a few shares for profits. :)
Hi, Uncle monkey. :p EOM
Would be nice to see some buyers in this right now. I loaded up to average down my holdings. Hate doing that, but can not pass up the price on these right now.
I want to see some upticks this afternoon.
great way to kill this stock. Anyone want to predict the close?
lol
i would not argue with a penny. :)
Looks like some are taking profits. ;)
Some people just do not like to take responsibility for their own trading faults. It looks to me that he wants to blame you for his holding and losing money.
It is easier for some to blame others for their own faults than it is to own up. Sad I know, but it is a common thing now-a-days. Not to sound like an old fart here, but it sure is common in the more recent generations. I see/call it the pussification of America.
Hope I did not break the TOU here. lol
Some people just dont get it. :)
That would be a nice little run up here.