Spare Backup, Inc. (fka SPBU)

[jamigo]

I guess that's what puzzles me about this stock. I don't see the growth and, lord knows, they've had years to grow yet they keep sinking deeper in debt. Worse yet, the end isn't in sight according to their own annual/quarterly reports. Their only alternative is to keep printing more stock if they wish to stay afloat.

The charts are equally grim and reflect a steady decline. The only thing that seems to (barely) sustain the stock is the fictional hype. Example: Turkcell, which is hinted at in the PRs. The fact is that Turkcell, Vodaphone & Avea dominate the 60+ million user market but I've yet to see that SPBU is partnered with any of those companies. The PR suggests that Spare is gaining customers from that market but can't explain how. Turkcell is the biggest player by far but uses Cellebrite instead of Spare for backup.

http://www.cellebrite.com/de/aktuelles/presseveroeffentlichungen/119-turkcell-selects-cellebrites-cell-phone-synchronization-and-management-solutions.html[url][/url][tag]cellebrite [/tag]

What's up with that?