In reply to stox post, I think I agree with most everything he/she says, but would like to elaborate on any consideration whatsoever regarding a r/s. I really do not think it will happen, especially not right now.
Let's look at a couple of key factors:
- When SPNG closed on Thursday before so-called 'Black Friday,' they were well above the upper Bollinger Band. No matter the stock , this inevitably leads to a re-tracement. Nothing out of line here, just the magnitude freaked out many people.
- The All-Star game and more to our liking, Home Run Derby, is in the best baseball town in the country (my hometown, so a bit prejudice), and SPNG ad will be seen with every swing of the bat, whether it is displayed behind home plate or in the outfiled.
- If Wal-Mart is in our future, possibly as early as July, another feather in our cap.
- 10K should be explosive, with an enormous amount of domestic sales.
OK, so many outstanding events just around the corner, SPNG mgmt knows the price will rise, especially given the fact that the charts are almost in reversal mode. These guys are no dummies, and will not sacrifice a temporary rise in price to appease a few impatient shareholders.Strategic Business Plans sometimes tend to be shortsighted, but this one has been forward-looking for quite some time, and never more obvious that the money they invested in major league (pun intended) advertsing.
My opinion is not at all foolproof or all-knowing, but I do have some background, and I believe we will see at least .50 by the end of August when the 10K is released. It is at this time that NASDAQ chatter will become more prevalent.
Although initial listing on NASDAQ does require $4 PPS and probably a r/s if going it alone, but it's only maintaining $1 for existing reporting companies. I mentioned in a previous post that once a listed company takes a look at the 10K, SPNG will be sitting in the catbird's seat with a choice of whom to r/m with. It could be a struggling company who thinks SPNG could keep them from being de-listedd, or it could be a healthy company who would love to add SPNG to their portfolio. Either way, they will have the ability to call the shots.
I don't think (IMO) you will see a company more poised to move up in stature than what SPNG currently is.
Trade and/or invest however you choose, but you really should understand the company and it's SBP before making your decision.
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