SilverSun Technologies Inc (SSNT)

[maestro_of_Ihub]

Wow this guy is really trying hard to do everything right now!! 5 fold increas in sales in 3 years!!! That is like HUGE GROWTH!!!! His plan to recapitalize the company surely worked, however he made a couple of fatal flaws I fear, and for this reason I do not see the PPS moving up much in the next 3 years!!! Here is the BIG MISTAKES!!!

1) He wiped out the 710 pre-split shareholders that financed his business and him, during the 4 years of flat sales and recession!! They now own less than 4% of this company. If you read the letter it basically states that if things go good, the PPS might go as high as you paid 3 years ago in 3 more years!!

2) He converted his debt salary owed at the absolute manipulated post split low trading PPS that did not reflect the value of the company all in the name of it was legal according to the filings. this conversion saw him paid 10 times the $1,200,000 he was owed for 6 years of employment!

3) With insiders and private holding holding all the shares, there is not enough liquidity for this stock to trade any volume on a given day to give anyone any confidence in investing any money any time soon!! enuff anys for you!!

Only hope is Mr. Meller does the honorable thing and retires at lest 50% of the outstanding shares, otherwise who in their right mind would buy and hold 3 years for a possible double!!! NOT ME!! not without a 10% divy paid quarterly!!

GLA!! Glad I moved on!!