SPRL has certainly become an enigma timewise, and there are those who will always find favor or fault with a pick or an opinion depending on some date in the past or the direction of the prevailing wind. The share structure of the company has remained stabile, however, with no major dilution that I'm aware of. There is no hint of impending failure, either.
If you go back to the beginning; the Strat R/M into the old failed F2 shell as 'SPRU' did the usual pop and dribble routine as the PR-slinging, deal-making, 'gimme-share' holders bailed and presumably some Canadian and/or MMM shorting also helped take it down. That mostly happened before anyone really knew what Strat was all about and what they are trying to accomplish in Russia.
Those who collected SPRU at the lows (0.0025 range) were all aware of the 13:1 R/S and symbol change that was coming, as it was PR'd in advance by management. That was a real switch in the Pinkie game, practically unheard of elsewhere. SPRU did not tank further prior to the R/S - as would have been typical - and then it converted at slightly above equal value to 0.03 as 'SPRL'.
Subsequently, it tracked up to 0.35+ in reasonably short time. As you can imagine, everyone was ecstatic..!!! It stayed in the 0.15 to 0.30+ range for a long time, obviously being day-traded and 'worked' like crazy once it became a known quantity. Since then, it has gradually tracked down on spotty progress in Russia - which has to be a business nightmare considering world events and the Russian O&G fiddlings.
The company had a couple of leftover 'F2 worms' in the woodwork, who I recall got caught playing trading games with broker-dealers and PRs; Sam Hyams subsequently crap-canned them. Not an unusual situation for the Pinks, or to anyone who should be reasonably aware of the risks of these Casino Money non-reporters.
There have been lots of up and downs for collecting and selling if you're an occasional or day-trader, and lots of delays in the expected progress as promised by management. Pretty typical, really. Most of the old longs hold 'free-shares' and some recent 'cheapies'.
It would appear that it's now time for Sam Hyams, et al, to capitalize on the information and contracts released in recent the PRs. If they do, that will be great. If they don't, then it will be time to get out. I don't see the potential for an Enron-grade meltdown here, regardless. If one decides they need to get out, the downside should be minimal and hopefully involve mostly free-shares.
Issues like HXSI, WEGY and ADVR seem to hold a lot more promise for quicker gains these days, and they are all "..in country..".
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