SPMT Value Proposition Offers Little. Do not invest. The fundementals that underline this company as value proposition equal ZERO. The share structure is a wreck and a half. 200 million shares and little to demostrate in actual value. These guys have never made a profit. Always in a state of going concern.
From failure to failure, thats what J Crew is like from a management and execution standpoint. From e-comerece pot, to lithium clay, to highly speculative gold/silver, SPMT management has never made the company into anything beyond a lifestyle operation. And, yes, they have been in all of the sectors I mentioned, above. Fast money. Goes very quickly down the drain.
This is a well known pump and dump. Facts are facts.
You could very well say goodbye to your investment if you come in at this price. But you will help others who bought in at a penny a year ago.