M&A business
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Dell in 2006 took 8 months to deliver their filings and there are other examples. SPNG will file, if all pieces fit.
Very correct reply. Due to the takeover of DICON - in detail explained to the SEC in the Filing - their figures will have to be implemented in the consolidated balance-sheet of SPNG and therefore falls under the new jurisdiction of the new auditor.
One of the boys "Herb" is the father from the NY-Post Journalist, I do not have to mention the name I am sure. Have known this already for months.
To many If,s and when. If my mother would be a man, I could not be her son. Game with words, which won,t lead anywhere.
Loan Star, your post doesn,t make any sense, you know that. A company may have problems with the SEC, but this is not the end of a company nor the end of the shareholders. You may change the management, the board and demand fines, but the Asset Value, Goodwill and so on of a company are not going away, there would be a plenty of interested buyers waiting around the corner. Finally: If they would not have been listed, there would be no SEC, so they can go private if they want or being acquired by a third party or go through a reverse-merger process. Those waiting for the dead of SPNG should think about their own funeral first.
I have been reading the report. All what I can say, they clearly point out the positives as well as the negatives. Very seldom done in some Research-Reports. The one item you specially highlited makes sense to me. Before you present a physical prototype of the technology you play the possibilites in the Labs. If otherwise done, I really would have to wonder. It is like with a medicament in development stage, there is a 50 % to 50 % chance, but if you passe phase 3, the buying is to late. With their kind of technology it is the same: You either give the benefit of the doubt or you stay out. But once recognized, you pay for sure a higher stock price.
Well, how do you think a company get,s financed? The dilution always has to be in proportion of your investment and the expected return and then it works, has always worked and always will be working.
Sorry, forget my previous post. Made a mistake, both Numbers are in Synch.
Just that I understand you post:
Here we talk about Patent Nr. 6.705.775 your link however relates to Patent Nr. 6.706.775
For me a different issue.
Go SPNG
Congratulations and thanks for posting this.
You brought it right up to the point.
Whatever you saw or think you saw it, doesn,t matter, because SPNG is an extraordinary success and those who can or want to understand what is going on deserve the credit. GO SPNG
That is exaclty what is needed. Thanks
Remember the SEC cases against a bunch of big companies for backdating options, illegal trading of shares at home or abroad and so on and so on. The investigation papers covered all aspects and articles one could imagine and what was the consequence. Settlements across the boards.
Again: SPNG should and must be given the same chance as every company to defend themselves and if they are found guilty on a certain subject, so be it and they will have to pay a penalty and maybe one of the mentioned persons will have to take the consequences, but again, nothing new to me, Wallstreet is full of it daily, but SPNG must look very attractive to certain people to knock them around.
Yes I saw it. Most Wells-Notices are reading that way. They are covering all points if they intend to look into a case. I could imagine, that the SEC got covered with so many Emails versus SPNG that they took up all points. What will be left then, is another story.
They were not accused of fraud.
Has nothing to do with Nasdaq Standarts. If a listed company makes today an tender offer for SPNG and the offer is accepted, it is the offering company responsible for the DD and not the Nasdaq. Once the merger is implemented, then of course it (goes) ends up in the consolidated balance-sheet of the bidder.
Just turn the picture around. You start in Gray and then you move up. SPNG - through this unique process - has been pushed back to the start. File 10K and the 2 10Qs and they will have a MM signing the 15c211 and then they will trade Pink-Reporting and after a while be back in .OB
Another solution: They never file, however an interested party does the DD and takes them over to Nasdaq through a Reverse-Merger and this is it.
Just dont make it to complicated, because it isn,t.
Bravo, you are right and I must admitt, the longer away from school, the more the memory is letting me down.
Good reading thanks and I would agree with him. The management has to come out with some guidance.
Thanks for all your efforts presenting some articles of thought, however, in the real world, the last word is spoken, when the judge puts down the hammer.
looming liabilites, huge liabilities? - give me the figures but not again the cheque story. The shareholders-Lawsuits will be dismissed as well with a word in it: flimsy
If they settle with the SEC, those responsible will have to pay a penalty. For that you have a liability insurance.
That,s a good one, bravo.
Nope, there are plenty of companies with lawsuits, this doens,t affect the trading. Spng is in a different situation, they are on grey, so it will have to be signed new.
How long it will take to be back on .OB is obsolete to speculate on. However, if they file the 10K and 2 10Q,s they could be upgraded to Pink Reporting. The 15c211 is not a problem to be signed to move there. From there on it could take some time to move back to .OB.
I would back up your interpretation as the right one. Good thought.
Frankfurt is the main one, the rest is not of importance. But those markets so or so are very illiquide as every transaction has to be settled through arbitrage. They actually don,t like that in Frankfurt.
No joke:
A very twisted logic crossed my eye today. Somebody argued, that he joined the Rosen lawsuit versus SPNG due to the fact, that SPNG,s public relation machinery permanently trumpeted out their success in entering stores and received orders. By doing so, they had only one thing in mind, pump the stock. So god so far. But ending his tirade is know: That now being in Walmart doesn,t help the stockprice because in Grey, however would have helped if they would have been on .OB. I had to read it twice. One one hand he is suing them, because SPNG informed the shareholders on an constant basis (which actually should be estimated by shareholders) about their business but know, he want,s to blame them by not having a benefit through the Walmart effect because in Grey. If you have such shareholder friends you don,t need enemies
A very twisted logic crossed my eye today. Somebody argued, that he joined the Rosen lawsuit versus SPNG due to the fact, that SPNG,s public relation machinery permanently trumpeted out their success in entering stores and received orders. By doing so, they had only one thing in mind, pump the stock. So god so far. But ending his tirade is know: That now being in Walmart doesn,t help the stockprice because in Grey, however would have helped if they would have been on .OB. I had to read it twice. One one hand he is suing them, because SPNG informed the shareholders on an constant basis (which actually should be estimated by shareholders) about their business but know, he want,s to blame them by not having a benefit through the Walmart effect because in Grey. If you have such shareholder friends you don,t need enemies
SPNG is for me like Amazon many years ago. Nobody goes after a weak spot only after a strong one, of course, nobody likes this kind of competition. But step by step SPNG will be a must for every household. Some nice pictures from Wal-Mart.
http://s953.photobucket.com/albums/ae20/cockydude22/?action=view¤t=8910a7e6.pbw
Excellent, Booth 3755. Thanks
Are you all at the ready?When I see the name-list of the posters, not much credit for this start-up will come out. Well, let,s see: Who laughs last, laughs best.
Good work.
Well I would subscribe to your observation. A lot of people have bought after the collapse just to see that the range was breaking down and at a certain point they gave up. Reasons are plentyful, sceared out by all the negatives, marging problems and so on. The shorts maybe a unique species, but they are not stupid, they know, when the party is over. If there should be unsettled trades left from the past from some MM,s well, could be a rough awakening for them, but again, the stock price of SPNG will settle there, where the market thinks it presents fair value plus forward looking premium. But let,s first get over the financials and the SEC settlement.
Whatever may have been in the past, I do not think that at present, there are shortpositions left, but even worse in the long-run, that the stock became almost illiquide. Could imagine, that up 80 % of the shares are now in very strong hands, means the supply will have to come from the 20 %. You don,t need a lot of imagination how crowded it will get, once SPNG is clear with the books and with the SEC, which as far as I am concerned, will not take all to long.
It really needs courage to attack the SPNG management with such words, especially when it is done anonymous and therefore in the protected shelter of the virtual world. Doesnt, speak exactly for yourself.
Karmasur, On the latter part I would disagree with you. They could file their financials, while still working on a settlement with the SEC. As we do not have the wording of the topic of the Wells-Notice, however do know that it was directed at Metter and Moskowitch, one could argue that a security related problem is the matter of the dispute. Well here the doors would/could be wide open for speculation like for example the to early lifting of the restricted legend, however, if it can be proven that all took place within the interpretation the Rule 144 presents all would be fine, if not, it would end up with a fine.
While days and nights people are screwing each others brains out, SPNG is doing hard work, to bring new products to the markets and to exploit a new and ever growing clientel. I could imagine, that SPNG presently and I hope in the future as well, works under a system of seperation of powers a) Accounting and legal work b) research and development c) selling. B and C presently is fully visible and A will very soon become visible as well. SPNG for me was a start up 2 years ago, which was in partly control of R&D and selling but maybe rather neglect on the back-office side. The partly control of R&D was solved by the takeover of Dicon Technologies. A very brilliant move, however, due to events, I don,t want to repeat here, the back-office side got out of control. Such a blame to be made is not unique, as the same blame could have been made to the brokers and banks in 2008. One learns only from mistakes, some are cheap and some are expensive, however, this is a part of a write-down system, every company will have to go through during their business cycle. In the age of internet-technology, every smallest mistake is reported in a way, that out of it originates a lot of inflated rumours and so on. What is left once all is said and done, the sense, that everybody can make an elephant out of a mosquito. For every problem there is a solution, but it is not on the un-informed public - and I am a part of it as well - to deny a solution, and it is not on the public to judge about something which they do not know for sure - neither I - because there are always 2 chapters to a story.
You were ahead of me, congratulations, but twice presented gives a good platform as well.