I was an investor in Quepasa (QPSA) back in 2010 when I was looking for a micro cap way to play the social networking buzz that was starting. At the time Quepasa was the only publicly traded social networking company that existed. Under John Abbott's leadership executing his business plan along with really no other public way for investors to invest in social networks created a scenario which really helped drive the price of Quepasa shares from $3 in early 2010 to a high of $15 a year later. During 2011 a flurry of social networking IPO's including Groupon, LinkedIn, Zynga, and others hit the market thus decreasing the scarcity of investment vehicles. Investors had choices which led to some money leaving Quepasa and the stock fell back to the current levels. Late in 2011, Quepasa completed its merger with MyYearBook, and now they've announced that by the fall of 2012, both MyYearBook and Quepasa will be merged under the MeetMe platform.
Access Interview here: microcapclub.com/2012/04/micro-cap-club-.../
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.