Speed Commerce Inc (SPDC)

[keekee]

You are certainly viewing it from a good angle. I bot a few companies in bankruptcy since January and have had some good returns. However, in SPDC, you have a company that had a mere $2.1 million in loss (excluding merger/refi costs) which was kind of consensus. The company has been sold from $2.91 to $0.30. Meanwhile, the company just paid about $55 million in cash (borrowed) for Fifth gear. Fifth Gear and SPDC combined will rake in some $180 million in revenue this year. The closest counterpart in the industry is PFSW, and its mkt cap is about $220 million. Now, even when you add all the debt and warrants etc up for SPDC, the entire sum is less than $140 million - everything debt, current mkt cap, warrants whatever. So, I am heavily in here and bought almost all under $0.40.