SPYR Inc (OTCMKTS:SPYR) Finally Closes In The Green

[[tagnumber 0]][[tagnumber 1]]The stock of SPYR Inc (OTCMKTS:SPYR) had a great start of the year as it embarked upon a journey up the charts. The ticker was moving almost nowhere throughout March and the beginning of April, but then began to climb once again, reaching for the $1 per share mark.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After all, it‘s not very surprising to see a decent OTC stock make a run up the charts. By saying “decent“ we mean that [[tagnumber 6]]SPYR [[tagnumber 7]]is pretty well equipped when it comes to the financial side. Here is what the company had to show for the fiscal 2014.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 11]] [[tagnumber 12]]cash: $6.99 million[[tagnumber 13]] [[tagnumber 12]]current assets: $13.1 million[[tagnumber 13]] [[tagnumber 12]]current liabilities: $342 thousand[[tagnumber 13]] [[tagnumber 12]]yearly revenues: $1.45 million[[tagnumber 13]] [[tagnumber 12]]yearly operating loss: $4.18 million[[tagnumber 13]] [[tagnumber 22]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And although these numbers are pretty good for an OTC entity, we can‘t miss out to mention that the current market value of [[tagnumber 6]]SPYR [[tagnumber 7]]is above $85 million. Furthermore, there is no assurance on how the new direction in which the company is going will affect future spending and will the revenues be sufficient to cover for the cost.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]After all, you shouldn‘t forget that a few months back the company went by the name Eat at Joes Ltd. and traded under the ticker symbol JOES and was a food service company, before deciding to branch out into the game and app development and digital publishing and advertising industries.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Then there is the matter of the paid promotions. A pump campaign began in early April and is still ongoing with [[tagnumber 6]]SPYR [[tagnumber 7]]itself paying and issuing shares to some of the promoters. Lately, the campaign took a turn for the worst and the ticker began sliding while being pumped, going from $0.96 on April 30 to $0.535 this Tuesday for a total loss of 44%.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]It appears that the ticker has reached somewhat of a bottom as it finally closed yesterday‘s session in the green after sliding for quite a while. The gain that [[tagnumber 6]]SPYR [[tagnumber 7]]made was 16.64% and pushed it to $0.624 while a total of 630 thousand shares changed their owners, generating $368 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today, we see [[tagnumber 6]]SPYR [[tagnumber 7]]hesitate. It gapped up at $0.639, but is currently sitting at $0.6152, 1.41% below yesterday‘s close. Considering the ongoing paid promotion you should be sure to do your own due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]