UNDERVALUED PENNY STOCKS

[trade4]

$SPIN Off the radar, moving UP

Extremely off the radar, maintaining a very low profile... check the IHUB SPIN site, you won't find a single post there since June 11th, and few substantive posts before it, yet stock moves up with aggressive buys, especially last few days; on May 17th, the date of the below post (see link, I am not the author) on the IHUB SPIN site when the stock was $0.1195, to the closing price today @ $0.3053 (high of $0.38).  Only 20 million shares outstanding, 44% held by insiders, also large percentage held by knowledgeable non-insider shareholders, company has been paying to maintain the registration to be in fully reporting status in anticipation of looking for a substantive merger candidate...

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=163846130

Why is this filing important? Well, it verifies that Management and Directors are dedicated to finding the right significant merger partner, not just any. It also confirms that Management has been hanging on to all of its 44% total ownership in minuscule 20 million total outstanding shares. If they had any intention of lightening up, the fact that they are still paying the extra $200K a year to maintain their fully reporting status would be counter-productive.

If they de-registered the stock, or let the registration lapse, they could sell without having to report. But again, that is not the case. If they try selling while registered, not only do they have trading and volume restrictions, they also have Insider sales reporting requirements.

Another point. of the four directors including the CFO, all have been on board for at least a decade, three who hold 43% of the shares bought the vast majority of their shares for cash. And of those three, the average cost basis is pushing $.50 shares with Dr. holding the dubious distinction of buying a half-million shares at $1.87 a share!! back in 2012. BTW, None of them have EVER sold a share.

While some shareholders may be impatient as to the time it is taking to get a deal done, understand, the average age of the insider holders is their late 70's. Each is independently wealthy and could easily walk away with no effect on their lifestyle.

However, the fact that they have not walked away proves they are patiently waiting for the "Right Deal". Defined as a deal that has real value both today and in the future, not just some speculative story stock that could cause a big near-term pop. With their large positions, they couldn't sell on a pop if they wanted to. They need to merge with a real long-term growth company. I am confident their goal is to be able to leave most of their shares to their heirs.

I know each of these Directors, two of which are large long-term holders of a one-time Reverse Takeover Stock, Kandi Technologies. KNDI. They are fully aware that a year before KNDI merged with a shell in 2007, Stone Mountain Resources, you could have bought Stone Mountain Resources stock all day long at a dime. And in contrast to SPIN which is not a shell but a revenue-producing fully reporting company, STMT was not a reporting company. Yet within a few days after the merger with STMT, KNDI was selling at $5+ a share.

These KNDI insiders were large holders (but not insiders) of HENC an O&G company that did delist and become a shell a couple of years ago and even gave up their registration. While its stock had a low last year as a shell for around a penny a share (at 150M,had 7 times more shares outstanding,at that time than SPIN Today) just based on a rumor of a merger, HENC spiked from under a nickel to over $.38 in two days on very heavy volume late last year.

While it did correct down, it did subsequently completed a merger in the Cannabis industry, and just a couple of weeks ago, with 22X the number of shares SPIN has outstanding, HENC's stock spiked again to over .32 a share.

However with the time and patience, plus millions of dollars in Cash, SPIN Mgmt and BOD has invested and is still investing, hard to go wrong by at least owning a few SPIN shares.