Spotlight Innovation Inc. (fka STLT)

[Ecomike]

Awfully quite here. New low today, 15% below the previous hard supporting low at .23 that had held so well this year. Bid is nearly half of the high 1-2 days ago, down .12, close was .20/share. Based on the price of MNLU (which has also fallen way too much), AEXP is way under priced based on the pending 4:1 stock swap / merger with MNLU, but both stocks keep dropping. AEXP volume on the drop was not very high either.

MNLU is now flush with 28 million in cash after drilling one well for $.7 million, selling the well and part of the local rights for 28 million, and they are now buying us for stock, 4:1 stock stock swap, so although this may drop further first, I think it is way oversold already, and so is MNLU. I think the market sell off, and the news on Avery(?) backing out on the partial cash support for a well project spooked some day trading investors, but MNLU has plenty of cash to do the wells, so post merger, or maybe even pre merger MNLU should cover the drilling costs as they have cash burning a hole in their pocket.