SSPT is nothing but a dilution machine IMO. It's a massively debt-ridden company that needs to sell stock to finance its debt, including salaries of $150K/yr for each of the 2 execs -- $300K/yr!
I've been following this stock and posting on this forum longer than any current posters and observed the MASSIVE DILUTION that occurred after Brian Barrett and Tammy Posten took over in Oct. 2009. The original massive dilution was a result of a Form D private placement with Big Apple Consulting (its IR firm), but the dilution continued even after the reverse split when BAC was no longer involved.
IMO, SSPT will never recover long term and getting out is a good idea.
Sometimes penny stock trading groups create a run that allows liquidity at higher prices and this has previously happened with SSPT. If that happens again and you are still holding, again IMO getting out is a good idea. Such runs create new bagholders who buy at the top of the run. The smart money sells into any of such momo runs.
However, as SSPT sinks deeper into the triple zeros, such runs become less likely.
IMO this is NOT a stock to hold long.
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