Spotlight Capital Holdings Inc (SLCH)

[paperboy22]

I will try to explain as gentley as possible so it won't imact the PPS.

I hate people who sell, get mad, and torpedo stocks out of spite but here it is.

Bottom line is all in the 8-k filing today. The company claims that they didn't file before because they didn't feel the info was material to the value of the stock. With the deal they cut it was TOTALLY material and has been the problem with this stock for months now.

AND...AND...The selling is less than half done. Now with the PPS where it is the slam down could send this to the very bottom.

Basically they put out a letter to the share holders on 10/19 and debt was being converted starting 10/25 as well as handing out 12mil in shares to 2 PR firms in November 2010. They even recieved cash for convertable notes on 10/21 and in December as well.

Now financials are due so this crud would be comming out anyways.

If there was anything good at all in the 8-k today is, that they might need to back off this fleecing of the share holders to drive the PPS up to sell again. I will pick up the stock for a flip if that happens...Until then I will wait until the selling is done and load in the low trips.

I guess this wasn't so gentle but believe me, I am being kind here.
Read the 8-k all the way thru and you will see. Take care!