from an email THREAD ALERT
I believe that I have found a company that is at a reasonable price, and has enormous potential. SPEN has a kind of weird spin on it because of the fact that they own 2/3 of the common stock of AASP, an NASDAQ small cap stock. AASP owns a 64 acre sportspark in Vegas. I will put the links at the bottom. The weird spin is that SPEN is running a profitable Callaway Golf center ON 43 acres of that property, yet they included the holdings of AASP in their 10Q, and it looks as though they are incurring the same loss as AASP. I called the company, and I spent quite a bit of time with them discussing what they plan to do with the company. I was told that they are in discussions with 3 major hotel chains to sell the 64 acre sports park. The reason that AASP is losing money is simple. Marketing. They went for broke on a marketing campaign, and it was not as effective as they though it would be. (A story many of us are used to by now) So the amount of visitors is far from what they expected, and they are only open a few days a week to cut expenses. But the strangest thing occurred when I looked at the profiles for both SPEN, and AASP. The Board of Directors for both companies are the same!
Why would they want to have a OTC public company, and a NASDAQ company?
Look for yourself, the profile is on the bottom of the page.
All of us wish for the day when we can say that our pennystock is going NASDAQ, or even AMEX for that matter. And here we have the perfect opportunity to get in on a company that if you ask me, is 2/3 of the way home.
There are 8,135,097 shares outstanding, and 2 million in the float. I was told that SPEN has over 1000 shareholders. Many people own the stock at much higher levels that the stock is trading at right now.
If any of you read charts, you will see that I was the only person buying or selling this stock over the last 30 days. I believe that the market makers will really be running for the hills if we decided as a group that we want to own this company.
My strategy is to buy it up until . 25 and watch them run it up to a dollar and better.
Remember folks, Last January I saw USHO on level 2 and it exploded!
Take a look at SPEN on level 2:
NDBC 0.05 5000 0.12 5000 Closed
MASH 0.05 5000 0.12 5000 Closed
WIEN 0.04 5000 0.15 5000 Closed
NITE 0.03 5000 0.23 5000 Closed
FLTT 0.02 5000 0.1 5000 Closed
HILL 0.02 5000 0.2 5000 Closed
MHMY 0.02 5000 0.2 5000 Closed
FRAN 0.01 5000 7/32 5000 Closed
HRZG 0.01 5000 1 2500 Closed
NAIB - 0 - 0 Closed |
