Do the math ! For all the SPN bashers and ISD promoters: you are basically suggesting that we invest in a company that has halved its revenue in the past year ... has shoddy accounting practices ( check their F/s) ... and is nowhere close to positive C/F's despite being in the business for a much longer time (-2.3 million EBITDA last annum).
You know what SPN has going for it? Quarter over quarter revenue growth with annual revenue run rate closing in on my estimation at around 3 million (just an estimate based on my Q4 expectations .. might be higher) easily to be pushed 2-3 times that in 2015. Operating costs staying similar i.e. might even attain breakeven in 2015 and have positive cashflows as early as 1st quarter in 2015. A team that is able to engage fortune 500 companies in their services despite being in a highly competitive market. Several million dollars in cash reserves from private placement that I would assume will be used to further grow.
Clearly ISD is the winner here *sarcasm*.
I do not say that SPN is cheap right now. The new stock additions have increased the market cap significantly.
But I would quote a guy named Buffet that once said " I'd rather be invested in a great company at a fair price than a bad company at a great price."
SPN has a lot going for it but hey you can get it on ISD and we will compare how we did a year from now :)