SMA Alliance, Inc. (OTCMKTS:SMAA) Tries To Stop Its Slide

The week has not been kind to SMA Alliance, Inc. (OTMKTS:SMAA). In four subsequent session they lost 40% of their value to close at $0.105 yesterday. The possibility of a reversal is still there as the traded volume of the stock has been way above the average showing that investors haven’t lost their interest in the company.

Despite the fall, the current price levels are still miles above those from the start of the year and without any discernible promotion it means the company is relying on its own strength. Unlike many other pink sheet companies, SMAA haven’t even tried using an onslaught of self-promoting news articles in order to create artificial hype around them.

Less than 24 hours ago they announced the release of a new version of their Car Blaster software, which is now ready for client distribution. The main focus of the new update was to reduce the required technical support and time consumption needed to set-up the program thus freeing up more resources to be concentrated in their sales and growth.

Which may very well be the case looking at the financials of the company. The results from their business operations for 2012 contained in their annual report are:

• $1.7 million total current assets
• $635 thousand total current liabilities
• $1.9 million gross revenue
• $232 thousand net loss

Although the year wasn’t as lucrative for them as 2011 when they reported $4.8 million in revenues, SMAA are still going strong. And with most automobile manufacturers posting results for 2012 with a record numbers of cars sold, the future may be bright indeed. Our only concern is if SMAA will be targeted by pump promotions. We sincerely hope that the single alert email we received today is not the harbinger of a massive flood in the near future.