The cash position leaves SPT with less than two quarters of life...

The cash position leaves SPT with less than two quarters of life at best. The cash backing is about $0.03.

A dire position. The board spruiks the MSV when they have just announced that they have lost 54.6% of the remaining cash. They have run out of runway, thus the convoluted deal with Motive. The way this deal is structured, most shareholders would need to have some financial analytic ability to have a chance of grasping the reality of where they will land.

It is my opinion that the deal is the only way to save the board and their salaries at the expense of minority shareholders. As a shareholder, I don't think you will do well either way. Some have crystalised a loss and moved on.

Others will not accept that capitulation is the honourable way to go. Don't worry, there is more spin to come from this board.

Watch Thus Space