SPYR Inc (SPYR)

[RandyKCMO]

Pretty Exciting Day for SPYR.

Apparently, word of the settlement of Joe Fiore's legal troubles is getting out.

Why? You say. It only traded 145k shares AND it closed down .0008, or 5% for the day. I think that's just fine.

1. If you look at the trades for the day 129K buys, 200 sells and 15K +/-.

2. If you were watching Level 2, you would have noticed that toward the end of the day there was a high bid for 794,701 shares.

3. Below that healthy bid was another for 500,000 more shares.

I think these big bids are wishful thinking. If these bids were someone trying to build a retail position, I think they would have slapped the offer... cause they would think what I'm thinking... who would sell shares at this point???

I could be all wet... but here's what I'm thinking we'll see:

1. Tomorrow we see an 8-K announcing the SEC Settlement.

2. Later or perhaps the same day we'll see a PR from the company adding some color to their hopes and expectations for the future.

3. In the weeks following, we'll learn "the rest of the story" regarding their plans to bring the company to profitability.