Replies to post #6124 on Shot Spirits Corporation (fka SSPT)

[pennytradingnet]

No R/S in near term yes this will run and we need few investors .0001 and .0002 levels so that it will run up to .0006-0009 first and if we get info from comapany it may run more.

[asdgwest]

I don't think the guy who loaded 120M in 15min wiping out all asks on 0.0001 is stupid. You can bet this will not go through r/s before it makes a nice run another day. I'm loaded.

[Cassandra]

trancedanne: Sorry to hear that you are in this stock "big time."

Although I think a R/S is possible, I think it may be more probable that they will sell off the GuestMetrics subsidiary to another pink sheet issue so they can dilute some more. We'll have to wait to see what happens.

GuestMetrics, although purchased for a whopping $5 million in SSPT stock, came with some HUMONGOUS liabilities far beyond what SSPT had before the purchase. The purchase price was very far over-valued.

Compare the balance sheet from SSPT for the QE 9/30/1009: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=26065 with the consolidated balance sheet (SSPT and GM) for the QE 12/31/2009: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=30912

Note the HUGE new liabilities for the following:

* Payroll tax liabilities: $1,195,195
* Accrued salaries: $573,125

There were other large increases in individual categories, but these two stood out mostly because they didn't exist at all in SSPT.

I haven't yet taken the time to analyze the rest of the balance sheets for comparison, but these two are serious cause for concern and a clear reason for the dilution that has occurred.

* Note that the liabiity for accured salary grew to $734,061 on the QE 3/31/2010 balance sheet: http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=31952

* The company is late in filing its financial results for QE 6/30/2010 and has made no comment about the late filing.

Much or most of the dilution likely went to pay these GuestMetrics liabilities, particularly the accrued salaries for Barret and Posten.

In the end, I don't expect the kind of share price growth being predicted by some here. Despite the confidence in their posts, they are just gambling.

The stock has pretty much flat-lined at $.0001 for several trading days. The most recent PRs were met with share price decreases. No one knows how many more shares the company and its insiders/financiers have lined up to sell. Those who predict a huge increase have presented no evidence to support their claims.