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Re: bbotcs post# 4703

Wednesday, 09/28/2011 4:05:15 PM

Wednesday, September 28, 2011 4:05:15 PM

Post# of 10804
bbotcs..SCKT..+24 cents to $2.29. Highest close since early August, which is the time when the investor who held the debt conversion was forced to start to sell (since, according to the contract, couldn't hold more than 4.99% of the company at one time).

Selling pressure is gone now, imo.

With their announcement yesterday of 50K Somo's sold so far, I figured it out (based on previous statements) and it means a record number have shipped this Q....at least 6000, maybe up to 7000. They also do a lot of orders at the end of each quarter which should add to it. With the solid growth in the scanner division, it's pretty obvious SCKT will be positive net income this quarter.

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