$SSBN Daily Chart ~ Churning Sideways for Weeks
Post# of 2559
Posted On: 06/24/2014 6:52:50 AM
$SSBN Daily Chart ~ Churning Sideways for Weeks
I'm not sure if anyone noticed the change in SSBN's status on OTCmarkets yesterday, but the skull and crossbones rating was dropped and the company is current pink. Many have been theorizing that nothing has been announced by management due to the issue of the C.E. with OTC. Now that the issue has been resolved, it's believed that we'll soon begin hearing a lot of material news in the days and weeks ahead. I'm hoping to hear about the completion of the acquisitions of Motor Acceptance and MotorMax. Those two companies, as mentioned in the March release, would result in annual revenues in excess of $65,000,000. That, along with the acquisition of Sunset Capital Assurance, would set revenues at more than $85,000,000. I might be crazy, but with those kind of numbers, with a stock of 8.049 million shares in the OS and a float of only 1.88 million, I would hope to see the share price move quickly towards $5.00. Time will tell, but SSBN appears to be nearing some updates now that the administrative issues with OTC have been resolved. GLTA
I'm not sure if anyone noticed the change in SSBN's status on OTCmarkets yesterday, but the skull and crossbones rating was dropped and the company is current pink. Many have been theorizing that nothing has been announced by management due to the issue of the C.E. with OTC. Now that the issue has been resolved, it's believed that we'll soon begin hearing a lot of material news in the days and weeks ahead. I'm hoping to hear about the completion of the acquisitions of Motor Acceptance and MotorMax. Those two companies, as mentioned in the March release, would result in annual revenues in excess of $65,000,000. That, along with the acquisition of Sunset Capital Assurance, would set revenues at more than $85,000,000. I might be crazy, but with those kind of numbers, with a stock of 8.049 million shares in the OS and a float of only 1.88 million, I would hope to see the share price move quickly towards $5.00. Time will tell, but SSBN appears to be nearing some updates now that the administrative issues with OTC have been resolved. GLTA
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