This movement is typical of stocks in the under $5 a share range. Even if they were in bankruptcy (not yet but getting there) they bounce around a bit as penny stock investors make their money in the .25 cent to .50 cent gain or loss range.
Short interest details were out. Fell again, roughly 500,000 shares, to a new total of 1,934,470 short. Lowest since 2010.
A lot of covering over the past three months after some impressive gains. My long-term stance is still in tact although moderated with the GDP growth concerns. I would not be surprised if SPMD presents a proposal to use $100MM to $120MM cash to prepay debt in the next two quarters. They could extinquish around $180MM-$240MM in debt obligations at current market prices.
Not from today but most recent: Press Release Source: SuperMedia On Wednesday August 24, 2011, 8:00 am EDT
DALLAS--(BUSINESS WIRE)-- EveryCarListed.com®, the automobile dealer’s source for quality leads, today introduced a chat tool as a value-added service for dealers.
Powered by Contact At Once!, the leading provider of software that moves online shoppers into live conversations with car dealerships, dealer chat allows consumers to easily connect with an available dealership representative, ask questions and receive instant answers.
During a recently conducted pilot test with 50 dealerships across the U.S., EveryCarListed.com found dealers offering the live chat function received an average of 40 percent more consumer inquiries per month.
“EveryCarListed.com is making live chat available to bring dealers even more quality leads,” said Dale Boone, President of EveryCarListed.com. “Technology continues to advance and many consumers opt to use live chat functions on Web sites because of its ease of use. EveryCarListed.com wants to ensure that dealers are easily accessible to consumers.”
EveryCarListed.com advertisers have the choice of adding the tool to their vehicle listings. Once added, a presence-aware chat icon will display whenever a dealership representative is online and available.
Dealers can easily answer chat requests anytime, from their smartphones and mobile devices using a free mobile chat app provided by Contact At Once!
“Today online consumers demand immediate answers and instant access to the dealership,” said Skip Dowd, Vice President of Business Development at Contact At Once! “We are excited to welcome EveryCarListed.com into the network of automotive Web sites utilizing our product to drive more online consumers into the dealership. We are also proud of - although not surprised by - the significant lead lift experienced by EveryCarListed.com dealerships during the pilot.”