Welcome!
This board is a little slow these days, not surprising given the current plight of SPSN. I've actually bought a bit over the last couple of days and today, in the 0.20 down to 0.18 range under the theory that some tax loss selling might be going on here at year end given the dramatic plunge of this stock this year. I'll consider myself lucky if it rallies to 0.22 after the new year. I'm afraid this stock is very speculative. The total market cap at $30M is insignificant compared to the debt, so shareholders don't figure too much into any corporate decisions such as going BK.
The wildcard is their attempt to extort Samsung, Apple, and others over claimed broad IP in flash memories. Either of those two companies could easily afford to buy SPSN at substantial multiples of the current price, since that still is not too great compared to the debt. If there really is value in the IP, I don't think SPSN will go BK, as the court would protect the bond/debt holders with the IP value anyway, and they are the only real motivation for going BK, and the current market cap is so small it does not subtract much value at all in such proceedings.
Anyway, happy new year, and good luck on all your investments in 2009! |
