Micro Cap Club Interview With John Abbott CEO Of Quepasa Corp

Apr. 05, 2012 7:21 PM ETMEET
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Long Only, Special Situations, Growth At A Reasonable Price

Contributor Since 2009

Full Time Micro Cap Investor. Founder of MicroCapClub.com Founded in 2011, MicroCapClub is an exclusive forum for experienced microcap investors focused on microcap companies (sub $300m market cap). MicroCapClub was created to be a platform for experienced microcap investors to share and discuss stock ideas. MicroCapClub’s mission is to foster the highest quality microcap investor Community, produce Educational content for investors, and promote better Leadership in the microcap arena.

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.

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