Not long ago, while basketball was a genuine recreation, exquisite players projected effective photographs for children to watch. With the massive salaries and hand-to-hand combat on the court, the game has taken a dark route. However, there’s some light at the end of the tunnel. The National Basketball Association, better called the NBA, is the biggest and first-class recognized basketball affiliation inside the international; they’ve allowed many young athletes to grow into multi-millionaires. Actually, without the NBA, the Kobe Bryant and Shaqs of the arena might not have been allowed to reach the heights that they’ve.

In the past, the NBA received another association, the  American Basketball Association, better known as the ABA, which existed from 1967-1976. B to ck in the 1970s, there was fierce opposition to basketball. However, the players no longer received the paychecks that they do now, which changed into all about the sport lower back then. Players gave their all in pursuit of the popularity of being the quality crew in basketball, but that was then, and this is now.

During its time, the ABA produced some of the best basketball talents of its time; however, as soon as it folded into the NB, only some groups survived, including the New York Nets, now known as the New Jersey Nets, The Denver Nuggets, The San Antonio Spurs and the Indiana Pacers. The ABA disappeared many years after it merged into the NBA, but it resurged some years ago; however, it’s no longer the ABA your daddy knew.

This new ABA has 40 to 50 teams everywhere and preserves to feature more markets/franchises to its already bloated listing of teams. They show that they are within the same category as the NBA. However, many seem to disagree. Disgruntled former owners of ABA franchises have emerged as vocal, and that isn’t excellent exposure for the ABA, which is trying to garner appreciation from basketball fans internationally. From what I gather, the organization offers franchises to everybody who can pay $15 to $20,000 to the ABA. The former husband of Jessica Simpson, Nick Lachey, has grabbed this sort of market in California to the ABA’s credit score.

Now, the idea is exciting because it offers players disregarded by the NBA the possibility to show off their skills and likely bump up to the predominant league of basketball from the minor league, the ABA. So the ABA is essentially feeling their way through the jungle and seeking to build a basketball empire, but it can never benefit the glory of the proper ABA that folded some time ago; however, they might’ve come near until they made a pass that makes no sense.

Here lies the trouble and the motive for writing this newsletter: I read a press release the day before that said the American Basketball Association has reversed and merged into an OTC Bulletin Board shell using the identical of Souvall Page & Co (OTCBB: SVAP). Why would an employer of this nature, which is constructing up with an awful lot of opposition along the way, threaten going public upfront?

The revenue movement cannot be lost at this juncture; the asset base is the value of the franchises, which an accountant who is diagnosed with the aid of the SEC may also cost a great deal less than the employer marks it down as. Just before everything looks, it seems the powers at the American Basketball Association rushed into this reverse merger without thinking in advance. Granted, they may have reversed and merged into the shell to raise capital for an increase. Still, if teams are dropping out mid-season or even in a few instances pre-season, it stands to cause that going public is possibly now not the proper pass, especially on the OTCBB marketplace.

Perhaps in a year, while the enterprise airs its games on television, has solid franchises, and has marketable players, it’d have been equipped to go public; however, it can be a shutout at this juncture for the brand-new ABA.

We’ll be patient in which the chips fall in this one, and believe me, I am an avid basketball fan. The ABA being a hit is right for the sport, but they have a hard act to follow with the NBA and even College Basketball.