Will SPYR Technologies Close Any of these "Future Aquisitions?" Time will tell.
All these "writing on the wall" releases are either building up to some kind of crescendo... or they're a waste of paper and effort.
Ironically, each time they put out releases of this nature... they include the following disclaimer:
"Applied Magix does not discuss future products or details of future acquisitions, and these considerations are currently of a speculative nature. Should any of these possibilities take on a more solid form, detailed press releases will be issued at such time. Keep an eye on the respective websites for SPYR Technologies and Applied Magix for more news and announcements."
They may not talk about their specific plans, hopes, and dreams, but they certainly seem to point the readers and followers in a certain direction.
And what is that direction? I think it's fairly clear that they have aspirations of becoming something more and bigger than they are.
Will they be able to accomplish what they are obviously intending? That is the principal question. This is why the company's stock is currently trading around a nickel.
If the company was on life support and almost going out of business... as in no one believes they're going to be able to accomplish what they intend... I think the stock would be worth less.
However, if and when it becomes likely that Spyr, Inc. (and AppliedMagix) will become a successful company the shares will reflect this expectation as well. By that time I think the shares could easily be trading between 25 and 50 cents. Hence why people buy, sell, and trade penny stocks.
For now, I guess we'll have to wait and see and continue hoping that they will be able to eventually close an acquisition or two. It should help that SPYR, Inc., is up to date on its filings and audited financials. But we shall see.
Watch for opportunities with those you trust.
