Pinnacle Fund
Long/short equity, growth at reasonable price, event-driven, special situations

Skouting Out Unfamiliar Territory: MeetMe Is At 4-Year Highs

Gregory Kitt, Pinnacle Fund - Dallas, TX -

MeetMe, Inc. (NASDAQ: MEET)

I wrote a follow-up article to my initiation titled "The 'Incremental Minute' Could Introduce MeetMe To 52-Week Highs" that was published on June 1, 2016. MEET has moved 60% higher over the last month and is trading at four-year highs. On June 27, 2016, MeetMe announced an agreement to acquire Skout. MeetMe's acquisition of Skout could be an absolute home run that unlocks a multitude of growth levers. I am increasing my price target from $6.50 to $8.00 based on the Skout acquisition, which is expected to close October 1, 2016. Several other material events have occurred since my most recent article, and investors should

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