Speed Commerce Inc (SPDC)

[bar1080]

SPDC was actually a "real" operation that did product fulfillment for a number for major mail order and internet sellers. Financially tho it's a convoluted mess. I have no interest in it as an investment, but I do follow its business operations.

A few weeks ago one of my favorite slime stocks, MMRF (otc-pink), My Medical Records, pulled a puzzling undersized 1:5 reverse split. MMRF was trading for about a penny before the split and it's around the same price now. You might recall that the CEO's wife is a former porn actress about 25 years his junior.

I had been thinking that perhaps FINRA wasn't okaying large reverse splits but another of my bash targets, SEWC, just did a 1:5000 RS last week, although it hasn't traded under its new name yet. It was a Nevada shell hijacking with a decade-long history of non-compliance... and worse.