About Sack Lunch Productions, Inc.: Sack Lunch Productions, Inc. ( OTC PINK : SAKL ) is an entertainment company that operates and franchises action oriented events in the U.S. and internationally. SAKL's events include: Slide the City® (1,000 foot long water slide for families and kids), Color Me Rad® (5k color race), The Dirty Dash® (mud and obstacle run), The Lantern Fest® (night-time party with lantern lighting and launch), and Trike Riot®. Learn more about SAKL's operations at www.sacklunchproductions.com, www.slidethecity.com/, www.thelanternfest.com, www.thedirtydash.com, www.colormerad.com, www.trikeriot.com, and www.green-endeavors.com.
SAKL had a massive run which peaked in June this year at 15c. Some massive profits were made and the stock has been in decline ever since. This past week support came in at 3c, which is the same level that the run began from at the end of 2015. Starting up this thread to see where this goes from there.
Yeah def. an important level to hold there. Bounced off of that a couple of times I see. Now just kind of floundering around right there. Will be interesting to see where it goes from here. Whatcha guys thinking?
Interesting to see it at the same level as the big run up a few months ago. Will be a fun one to watch. Maybe put a little skin in the game just to see what happens. Anybody know what the share structure is like?
According to OTC Markets: Share Structure Market Value1 $5,783,386 a/o Oct 21, 2016 Authorized Shares 990,000,000 a/o Oct 15, 2015 Outstanding Shares 144,947,030 a/o Apr 28, 2016 -Restricted Not Available -Unrestricted Not Available Held at DTC Not Available Float 61,059,984 a/o Apr 28, 2016 Par Value 0.0001
While these low prices suck for the longer term shareholders that got in at higher levels, its a good level for those new ones arriving. SAKL was getting a ton of coverage, both paid and free during its run. Lots of momentum players jumped in. When the news cycle hits the tail end, you get this kind of sell off. The problem that small cap companies have is that even if revenues are good, the stock price is at the mercy of the momentum traders and shorters.
An interesting business model for sure. I would not have thought they can turn that kind of revenue with these events, but its obviously working.
