To OTC Journal Members:
 

There was a pretty ugly downside surprise out of Titan Global (OTC BB: TTGLE for now) this week, and I'm not quite sure what to make of it so far. I can't decide if this distressing turn of events is fully priced into the stock and there's upside, of if management's display of incompetence is a death knell for this mega revenue generator. From the current disclosure, there's not a lot to like. My initial comments are in yesterday's BLOG for your review. More to come as more facts come out. They will probably become more vocal once they get the dreaded "E" off the stock. If they just move on without publicly addressing the issues at hand, it will be probably be time to take the pain and move on.

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.
 

Spicy Pickle (OTC BB: SPKL): It Just Keeps Getting Better

I must say- I am extremely pleased SPKL closed out the worst January in the history of the stock market by only giving back about $.11 during the month. As opposed to many other issues in the microcap world, SPKL is hanging in there beautifully. Why? Because investors are not fleeing this stock as SPKL has earned the right to be held through its corporate performance.

For those of you who have been waiting for Spicy Pickle to put December's $6 million injection of capital to work, wait no more. Today's revelation points to continued aggressive and rapid expansion.

Today, post close, SPKL announced it has signed two new leases for company owned stores. These two new stores, which should represent stores #40 and #41, will open sometime in the Spring, and are the 2nd and 3rd company owned stores.

I believe this brings the total number of stores either of open or committed to up to the 115 level, with more to come. Of the 115, 36 are now open, and 6 more should open in the next couple of months, leaving 73 more to develop over the coming months and years.

The new locations are both in the Colorado Front Range- Denver and Ft Collins- right in Spicy Pickle's back yard. As such, they will be easy to manage geographically. Once open, the stores should add about $1.4 to $1.6 million in annual revs to SPKL's top line. This insures more substantial top line growth out beyond Q1 of '08.

In conjunction with opening company owned stores 2 and 3, SPKL also announced it has now hired 17 year fast casual veteran Mike Neil to run the corporate owned stores division. Mike was previously with Jason's Deli, a 100 store plus operation. I am not familiar with the chain, but I believe they operate throughout Texas and up into the Mid Atlantic states. If you are a patron of Jason's Deli, perhaps you could post a comment in the BLOG.

The recent turn of events suggests SPKL is about the only microcap company I can trust to deliver in this dicey environment. Remember, when we started with this company at the end of September, it was an $.80 stock with about 90 franchises sold and 20 stores open. Today, there are 36 open, about 115 franchises sold, and a $6 million war chest to expand. This company will turn cash flow positive from operations in 2008, and they are expanding all over the place nationwide. 

The chart is pretty much the same chart I put up in the last edition. This formation is described as a descending or neutral wedge, and the wedge will have to be resolved up or down at some point in the future.

SPKL has been grinding to a point on fairly light volume since the market started selling off in Mid November. It has really traded very nicely through the worst January in the history of the stock market.

At some point in the future, the stock is going to either break out or break down when volume levels increase. The longer it extends, the more prolific the eventual move. In light of corporate progress and the market wanting to be back in reasonable shape thanks to an accommodating FED, I would expect the break out to be to the upside. 

At this point, SPKL appears to be a great candidate for accumulation out in front of the resolution. Any sort of breakdown probably wouldn't take the stock much below the $1 mark, while the upside would head us back towards the previous high mark of $2.

As always- if you are a shareholder or considering being one, here's what you need to do: Go Try the Food- decide for yourself if there will eventually be 100 stores open, headed towards 500. I believe there will be. Click Here to go to a map with all their locations.

Here is the complete text of today's release 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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