To OTC Journal Members:
 

There was one new BLOG posting for your review this week. Yesterday, about mid way through the trading day, I suggested those who were looking for a rebound in TTGLE on some long awaited positive developments should go ahead and consider trading out of their positions. Crazy stuff can happen in this kind of market, and as it turns out there was an easy double in the stock if you had the courage to buy when it hit the new multi year all time low of just under $.30. If you are still in the stock, you now should be holding it with a long term perspective in the hopes they can rebuild what they had already achieved, and then move on from there.

TTGLE might become very interesting as a trading opportunity. The company has now bought back 1.27 million shares out of the open market, and this must have reduced the public float by at least 10% if not more. If they continue on this path, there will be fewer shares in the public float, which could lead to more volatile swings- both up and down. If they successfully move forward with their plan to spit in two four different pub cos, and dividend out a bunch of shares, there might be some interesting trading swings in the stock price. Stand by for further developments.

The BLOG is your opportunity to ask questions and offer comments. I will make an effort to answer every legitimate question. If I don't know the answer, I will contact the management and get the answer. Alternatively, if you have questions you don't want publicly displayed, you can always email me directly at editor@otcjournal.com. If you submit a comment or question, it will not appear on the site until I have responded.

To use the BLOG, simply go to the home page at www.otcjournal.com - the BLOG scrolls down from the upper right hand corner. The most current journal entries appear on the right hand side of you screen. Check back frequently for updates particularly when stocks are moving to overbought or oversold levels in volatile markets.
 

Pickle Bermuda Triangle Extends as Franchisees Ink Five New Locations

Shares of Spicy Pickle gave a little ground this week as the stock drifted back down to the bottom of its ever extending Bermuda Triangle. 

Today, just after the market closed, SPKL announced that franchisees have signed leases for five new locations- three of which are in states that don't have a store- yet. As CEO Marc Geman points out in the press release, nearly every state that got a first location ended up with one or more additional locations. First stores tend to act as a foothold for expansion.

Brooklyn NY, Ocala FL, and Norman OK are all going to have Spicy Pickle locations. San Diego is getting a second store, and Austin is getting its third. San Diego and Norman are expected to open in late spring, and the other three will be summer openings.

The Brooklyn store will be the first in the NY Metro area, which is a very important strategic move for the company. There's a value added component beyond just one more store. The NY Metro area support a very large number of additional stores. On the more intangible side, this will give investors, investment bankers, m&a specialists, and a whole raft of other important figures the opportunity to try the food. Many people who have an interest in small stocks who try the food become shareholders. The Brooklyn store could become a milestone in the company's development.

As I was thinking about today's news, I couldn't help but mentally fast forward to a time when the company will have 100 locations open and who knows how many more in development. I wonder what price the stock will be trading at when it happens, and how many shares anyone who is reading this coverage will own?- myself included. It's worth asking yourself if you can mentally commit to holding this stock for another two years and seeing where we end up. It will be an interesting journey. The overall stock market environment is making it a bumpy road, but it should lead to a rewarding destination.

These five leases will end up as new stores, and there are a number of others in development. SPKL does not announce new locations until leases are actually signed, but there is a lot more going on at the company. By the back half of 2008, SPKL will probably be opening 3 to 4 new stores per month.

On to the chart. As you can see, the SPKL Bermuda triangle is continuing to extend, with the stock now bumping along the bottom towards the ever narrowing apex.

There seems to be a bit of supply hitting the market these days, and the wide spread volume shortage has the sellers winning by a very small margin right now. This is hardly surprising against the back drop of this Bear Market. 

In the last two weeks the registration statement covering the shares underlying the December $6 million financing have become free trading. About 7 million new shares are now eligible to be free trading with a cost basis of $.85. Technically, this potential supply could be a bit of a negative in the very short term- which spells opportunity for you.

It's worth noting that 2 of the company's independent board members participated in this financing to the tune of $1.3 million- probably not for a lousy $.30 gain.

If supply outstrips demand for a brief time, the stock could possibly drift down into the $1.00 to $1.10 region. I can't see it trading much below there- it hardly seems worth selling $.85 stock for $1 in light of the upside over time.

On the other hand, today's five new lease signings is just this week's news. Who knows what's coming next week that could put a charge into the stock- SPKL seems to make a substantive announcement about every 10 days delivering real corporate progress. The company is certainly getting a lot of momentum.

Consider the following: How many shares will you own when the 100th store opens, and more importantly, where will the stock be trading? I can't wait to find out.

Here is the complete text of today's news for your review:
 

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Go Here to view our compensation on every company we have ever covered, or visit the following web address: http://www.otcjournal.com/disclosure/compensation/section/profile/ for our full profiles and http://www.otcjournal.com/disclosure/compensation/section/alert/ for Trading Alerts. Larry Isen, the editor and publisher of the OTC Journal, through various entities he controls, has purchased 1,200,441 shares of Spicy Pickle at an average cost of $.2125 per share. These purchases were made in Spicy Pickle private offerings. The aforementioned purchases were made between August of 2005 and August of 2006. On 12/15/07, on entity controlled by Larry Isen participated in an additional financing wherein 12 shares of convertible preferred, converting at $.85 into 120,000 shares and 90,000 warrants with an exercise price of $1.60 were purchased. In addition, Larry Isen has received 785,000 shares of Spicy Pickle common stock for consulting services. In addition, MarketByte LLC, an entity controlled by Larry Isen, has received a fee of $30,000 cash, and 300,000 newly issued restricted shares for coverage of Spicy Pickle. TGR Group LLC, the publisher of the Small Cap Network, has received $30,000 and 300,000 newly issued restricted shares for coverage of Spicy Pickle. Mr. Isen is an affiliate of TGR Group. In addition, two other individuals affiliated with TGR Group have purchased a total of 300,000 shares at $.25 per share and received an additional 70,000 for consulting services.

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