Hi dsp, I have been following this stock for quite a while and have done extensive dd on it. The fact that we are on the grey's right now is the reason for the wide swings. There is only one market maker doing the trades, they are all pretty much match trades, so the market maker to limit his risk is supposed to only try to match trades. It is really a flip of the coin whether the market maker wants it to end up at the bid at .003 or the ask at .006.
If we were on the pinks or the otcbb then it would be a different story. Our share price would probably be around 5 to 10 cents. There are many other stocks like gzfx, qbid, hisc, and the list goes on, these other stocks were in the sub penny range and have billions of shares outstanding. The difference between ssty and these other stocks is ssty has a real good product that is need by China and also the world. These other companies have generated income to pay for operations by the sale of stock just as ssty has, however ssty has not sold much stock recently as evedinced by the retail trading patterns. In comparison to let's say gzfx, they are in competition with netflix and to capture their market gzfx would have to increase their revenue by 1000% and their subscriber base by the same amount, it is just not going to happen, in addition gzfx, would need to do a reverse share split by about 10-1 in order to make their stock appealing to larger investors. Both gzfx and qbid have increased their outstanding shares and sold them on the market to the point that the stocks will never fly. It's hard to make a 5000 pound pig fly. On the other hand ssty only has 2.5 billion outstanding and with the tremendous income potential that ssty has, when this does start to run it will run and keep running.
I expect that we will get the biggest part of the contract with china and Brand 315 which is 2 billion units a day of products. Based on the test contract that was signed November 8th, 2005 for $5,000,000. It was .0025 cents per product. The annual market is 730,000,000,000 (billion) products per year and that is just the 600 major manufacturers that are members of Brand 315. If we were to get the whole enchalada then we would be looking at $1,825,000,000. in revenue for the joint venture. Our share of the joint venture is 42% so it would be $766,500,000 in revenue for U.S. SSTY Company.
The joint venture is with Suneray Beijing Limited and our Chinese affiliate True Product ID Technologh Bejing LTD. The percentage is SSTY U.S. has 85% of the chinese company Sure Trace Asia which is now TPID and Suneray split 50/50 joint venture interest in the TPID/Suneray joint venture. So it boils down to ssty usa has 42% of any profits that come out of the chinese joing venture.
766 million revenue blows any other pink sheet stocks out of the water, like James Mackay said in his CEO interview, we are going to become a blue chip company in the future. So dsp, just sit back and relax and be glad that you bought into ssty when it is on the greys. You and I are taking a huge risk but the rewards are there, based on my research, I truely beleive that when we finish finincals and we are back on the otcbb, and when we get huge contracts with china and other countries, we will be millionaires over and over with a minimal investmnt. I have 6k invested and I know the risk but I also have a keen idea of the potential rewards and I am willing to loose my 6k in order to make millions!
I hope this answers your question. Don't worry about the swings and the greys, it will be gone soon IMO.
PS I type fast so I can get my ideas out before I forget what I want to say, and I don't use spell check. So if there are errors, sorry.
Good luck.
Go SSTY
