The penny stock of Sebring Software Inc. (SMXI) popped up on the radar screens in a big way today just 2 days after issuing their first PR in over a year. Revealing their lending partners in a $16 million dollar funding agreement today, SMXI stock goes on the summer long list to watch after the Company’s subsidiary, Sebring Management FL, LLC, acquired Orthodontic Specialists Management, LLC, while their other subsidiary, subsidiary, AAR Acquisition, LLC, acquired a number of dental practice assets in various parts of Illinois. With the understanding of how Sebring’s CEO and President, Leif Andersen, has had the “midas touch” on prior business engagements, this one is going to be a fun one to watch as it approaches $1.
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SMXI Stock Quote
Market Cap: 19.80M
Issued and Outstanding: 49,499,180
1st Resistance Point: 0.4333
2nd Resistance Point: 0.4667
14-Day Rel Strength: 80.44%
14-Day Stochastic: 79.22%
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Sebring Software was originally formed by Thor Nor, LLC (controlled by Leif Andersen), Asbjorn Melo and Die Con AG (controlled by the founder of ECS GmbH) for the purpose of developing adaptors for the eCenter software and marketing those adaptors and eCenter software in the U.S. The move into the Dental Practice Management field and adapting their software to fit it is finally giving reason for SMXI stock to start seeing some increased awareness as summer approaches.
Just look at the $16 million they just received: the sources included Great American Life Insurance Company, Great American Insurance Company, United Teachers Associates Insurance Company, Continental General Insurance Company. That’s not a group like Asher Enterprises that will throw some dough your way for a chance at grabbing some convertible notes in order to help you dilute the crap out of your penny stock. These are some real world lenders and there is no convertible securities attached to the repayment.
It all makes sense now why, on April 29, Sebring announced that Allan J. Barberio, CPA was appointed as the new CFO of the Company. Having been responsible for properly managing trusted funds worth over $50 million in the past, the pieces of the puzzle are all coming together as to why SMXI stock should do very well in the coming weeks and months.
About SMXI Stock
Sebring Software, Inc., through its subsidiaries, Sebring Dental of Arizona, LLC, AAR Acquisition, LLC, and Sebring Management FL, LLC, is in the software business, focused primarily on the Dental Practice Management industry.
Click here to view the SEC filings for SMXI.
Click here to view the website for Sebring Software.
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SMXI is one of those penny stocks that you see come around every other month if you dig down deep enough. Moving into a sector which is non-cyclical and seeing how $16 million can be entrusted to it with no convertible securities agreement attached to it is all the more reason why SMXI stock is on the watchlist.
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