Thursday, December 06, 2012 2:24:13 AM
Slack is subjective. One investor's slack is another investor's falling knife, but based on the closing price today, I'd have to say the answer to your question is "no". Emphatically.
Let's not confuse SPIN with what it isn't: a large, established corporation with large, established revenues. When large, established corporations with large established revenues have bumps in the road, they may be allowed some slack.
Small, upstart OTC companies make bumps in the road look like sinkholes. And let's not forget that SPIN paved and mapped this road themselves. Many, many posts were made here lauding the good doctor for his overly conservative financial projections. Looks like he wasn't conservative enough.
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