day, the stock price fell by 82.63%, while the trading volume rose over 117 million shares. A tremendous fall for SSPD as compared to the 90% gain from last week.Yesterday, Shot Spirits announced that its Board of Directors has approved a new record date and payment date for a dividend on the restricted common stock of Green Bridge Industries, Inc. As of Dec 15, shareholders are to receive 1 share of GRBG stock for every 33 shares they own of SSPTD with a payment date Jan 31, 2011. Brian Barrett, President of Shot Spirits, stated that the dividend is a bonus for their loyal shareholders.
Despite the positive announcement, it seems that investors have lost their interest in the stock and the massive sell off of the shares has begun.[BANNER]
Shot Spirits Corp, through its wholly-owned subsidiaries, is focused on delivering products and services to the hospitality industry. Last week, a 1-for-100 reverse stock split for SSPTD stock was conducted and the stock hit the gain, however, the price fell down again shortly.
The most interesting fact about Shot Spirits is that no one knows anything about its financial condition since last year. The company has not filed with the SEC and its website doesn’t contain any recent information about its financials.
Meanwhile, SSPTD is falling down extremely fast and nobody can predict how far the stock will go.
