Ise Blu Equity Corp (ISBL)

[buick]

Ok, reality check.
I mention this other company only as a comparison,
No recommendation. I am long ISBL…..
I was on another board and this guy
‘Virok’ comes on and says take a look at ‘SSPE.pk’
So I did and it’s a lot like our ISBL;
a competitor that’s been at it for a few years (?)
and seems to be making progress, but look at the sp, yiks !!
YTD high $ 97.50, today .005. They backed into a shell like we’re going to do.
[SSPE: r/s 1 for 400 11/06 & r/s 1 for 32 3/07 float 15 mm, OS 60 mm per Pinksheets]

I paid .25 sp back when ISBL was Netcert; and got more of course as things evolved. I think we’re past the low point and on our way up, but MMA is no automatic golden egg. It’s a ground floor for sure, and a good (maybe great!) addition for the company. The fight entertainment industry is growing and consolidating, big fish, little fish sort of thing.

The restructuring we are going into changes things around, I hope for the better for shareholders; but it will not produce value to drive the share price, it is still sales and profits that add value. The floors of wall street are littered with good ideas and good intentions; they sweep them up at the end of the day, and our dollars swim into the pockets of the bigger fish.

You can’t get something from nothing; the only thing you can make out of thin air is hot air.

The PR talks about buyouts and rights on into 2009,
I take that to mean they think it will take years to build the company. Unless you’re a flipper, we might as well settle down, settle in, and maybe find a good hobby. I’d rather watch Rihanna or Alicia any day, than watch a fight. And that is definitely just my opinion.

A good read if you feel like it :

http://finance.yahoo.com/q?s=SSPE.PK

http://www.stockmarketquarterly.com/messageforum/view_topic.php?id=186&forum_id=1