I read a story about Caterpillar CAT...and one of their acquisitions in China. They just found out the company was way over inflated...The story talked about new worries about Chinese companies...especially reverse merger ones.
Maybe it was that which caused the drop.
remember this company was looked and very closely and came out clean. So, hopefully it will blow over.
Good post, Shifter, as usual. My prediction for SPU share price for July of this year, barring another phony "debt ceiling crisis" which hurts the entire market, is $4.00 per share, and I really think that a $6.00 share price by year end will be a real possiblilty, and at $6.00, with the profit margins SPU has been showing and the potential for substantial growth this year, at $6.00 they will likely still be undervalued by about 50%.