Shorepower Technologies Inc (SPEV): If I'm not mistaken, most of the authori...

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prometheus_222

Re: None

Monday, 10/31/2011 8:37:29 AM

Monday, October 31, 2011 8:37:29 AM

If I'm not mistaken, most of the authorized stock shares are not available for purchase by the public at large. From what I can tell, the .20 share price is not backed by anything substantial - basketball is not being played, therefore income from operations is not available.

Unless, the executives convince perspective owners to field teams I do not foresee an improving stock price. Moreover, the majority shareholders are not going to use their own money to generate non-basketball related revenue and then share the profits with the minority shareholders.

Tell me where I am wrong.

My posts are personal opinions only. They are not endorsements of any security; they are not recomendations to buy, sell, hold or otherwise trade in any security. Anyone reading my comments is responsible for their own research and investment decisions.