Singlepoint Inc (SING)

[jgusciora]

You have to take into account the source of your response. Everything always rosy with some. The truth is that ever since the big pump there has always been talk of acquisitions by the company. At times they have talked about multiple acquisitions at one time. Company always talks big of things to come, they are great at getting shareholders excited for the pending news then.... Bam... news is junk, doesn't support the hype that led up to it and the stock drops even further. I don't think this is a scam company but I do think it is over valued as a result of news not matching hype. They did 1.6 million in revs for 2013, they are on pace for 800k-1.2 million this year, at least a 25% drop year over year. Their business plan changes quarterly and they are losing trust. Oh and despite falling revenues they issued 10 million of preferred shares to insiders in Q2. Go watch all the moneytv.net spots that sing has done, 90% of what they hype in those videos had not happened.

The last thing you want to do is take the word of someone who has a big investment in this company and can never say a bad word about management's decisions.