Bought Some More Spire (SPIR) at $0.32

Spire (SPIR) began trading on the OTCQB Marketplace yesterday (02013.07.05) and the company promptly lost ~41% of its market value. Previous close was already a depressed $0.41 when SPIR opened yesterday at $0.11. SPIR closed at $0.27. Volume was ~89,000 vs. trailing-3-month average of 16,725. Current Real-Time Best Bid & Ask $0.271 / $0.35 (2500 x 2500).

Three months ago Spire's CEO, Roger Little, said the following:

"Based on current industry forecasts, the Company expects the PV equipment market to exhibit a recovery and expansion cycle beginning in late 2013 or the first half of 2014, with the expected increase in global demand extending through at least the next several years. As this resurgence evolves, the Company believes that it is well positioned to capitalize on the market trends, including equipment re-tooling, the growth of regional PV module manufacturing, and PV module supply chain transactions."

Despite believing Spire can stay in business long enough for the solar markets to recover, I brought down our average cost per share buying some SPIR yesterday (02013.07.05) at $0.32.