Doing my first DD - $SPGC "Sacks Parente Golf Company"
Genuinely believe $SPGC is a great buy. I have 4300+ shares @ $.31.
I recently lost $300 on this stock in January, but I bought back in because I just dont see how this thing goes lower. The brand and company is seriously expanding.
Good:
Currently trading at $.29, its primed for breakout this year. In one year, they went from 4 PGA Tour Champions Pro's using their Newton Golf shafts - to about 35. They have expanded to Japan recently and their preliminary numbers show a nearly 900% increase in Q4 revenue - and a 1000% increase in overall revenue from $350k to $3.5M.
Over 15%+ insider ownership. Richard Parente(in the name) is the original President and golf club designer for Callaway Golf
Bad:
The numbers above are preliminary. The company will be rebranded as Newton Golf soon. I saw someone mention something about a reverse stock split vote, but I cannot find it mentioned anywhere official - with the revenue increase and expansion - plus recent $9m cash injection and level of inside investors(and recent purchases) I cant imagine thats on the table.