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maybe both companies can go on judge judy...
the way things are sounding here it sounds like the right place to go imho
my guess is if they had the money and didn't spend it they would have given it back already...
not really.
I was interested in the lawsuit but haven't been paying much attention to the daily action to comment on the recent action.
don't know don't care.
further and more importantly...
Getfugu has a few claims themselves...
1. SPNG is short selling their stock..
-this is laughable short interest of 58,000 further why would SPNG want to decrease the value of their investment?
2. That SPNG didn't pay them the money but RME did...
-if this was an issue why did they continue to accept further money on three separate times after the original deposit on aug 24th... and the final one being sept 10th... You'd think they'd question this prior to this point... if it was a real issue.
3. Something in regards with SPNG and fraudulent activity and possible SEC investigation.
-I completely understand if this is the reason they want to no longer be connected with SPNG. However if this is the case why not immediately pay back SPNG the "dirty money." As per the agreement they were not suppose to use it. It's kinda like a store taking an order taking your money and then telling you they won't give you the product and that they won't give you your money back...
Anyways this is going to kill GFGU no matter what happens... No one is going to want to invest in them and they need the capital...
We shall see what happens and how it plays out for SPNG, my guess is they will win the case... However it is a hiccup that wasn't needed..
great but what does that have anything to do with GFGU? and them saying that SPNG is short selling their stock?
with your logic you would agree with my statement... I don't understand why we are talking about naked short selling in SPNG and what investors in SPNG think...
that's the legal short interest.
If spng has a naked short interest it was put on over a year ago...
gfgu is complaining about legal short selling, and further naked short selling is very very difficult to do these days so I highly doubt SPNG is naked short selling... as I don't think anyone is currently naked short selling SPNG... and have said many times...
this works thanks
links didn't work.
can you post the full link tia
it looks like it was cut off ...
Well I find it odd that gfgu would enter into a deal which involved SPNG to short their stock, and further that included that, but while GFGU only had a short interest of 58,000 shares..
something is not right there...
well the only way it makes sense is if SPNG would receive more shares of GFGU for their investment if the pps went down.
now that being said... the short position in GFGU is slim to none... and as per gfgu SPNG has yet to receive any shares which they could short against...
I don't know them claiming SPNG is short selling the stock is very odd... and most likely not true imho...
I do not blame them for saying well SPNG has had some issues with the SEC so we don't want to be involved with SPNG... but at the same time they should have wanted to give the money back...
It doesn't make that much sense... something else is going on behind the scenes
short financials now...
have it as a hedge to my position in a few bank stocks...
it was all fine to have a company come in to short their stock and manipulate their stock???
am I hearing this correctly? as it appears this is one of their now complaints...
I understand if they don't want to be associated with them due to the SEC investigation however I do not get this whole short selling issue involved with this.
but they happily accepted the 1.75 million of which they don't want to pay back for whatever reason...
don't you think they would have said no before they got any money if this was the case?
just wondering...
and who the heck tells the company they are entering into an agreement with that they are going to short sell the stock, and further who in the world says hey that sounds like a good idea... give me your money and have your way with our stock...
wait part of the deal to short the stock?
can you explain this further tia
how do you know that someone intends to short your stock?
and currently there are aprox 58,000 shares short of gfgu is this what gfgu is complaining about?
tia
I'm worried about banks...
they have run hard fast... and not much has changed...
we still have huge unemployment
real estate is not looking like it's going to correct as quickly as some might want... and that first time home buyer credit doesn't look like it is going to be extended.
Also the government is looking to increase capital requirements, which no matter when they will do it will cut into future profits...
well that support broke...
we need a 5-10% pull back of the market now.. imho
I hear ya... I think the overall market is causing some stocks near their bottoms like this one to not want to pop...
we need an event to get things moving...
but I don't see much out there...
overall I'm kinda bearish right now...
looking for the mid 1030 support level to fail... if it does will be going very bearish.
it's looking like going short is the trade these days
ok now the market is moving in the right direction with these stocks... although that scares me for the economy as a whole
errr xom looks to be breaking down...
got a bad feeling about our market because of it
well I'm glad I didn't get a fill yesterday man this market isn't looking so hot.
gonna wait around a bit.
what's clever about a stick?
Ok so why can't helen keller drive?
errr you could call this a pile up..
gotta watch out for those women in the RX330's though
so soapy... you never told me this is what happened to your car...
Man is this a confusing market...
not smart enough myself to pick where to go, sitting on the sidelines with the bulk of my capital...
kinda like he long gold with a short the us dollar trade... but not willing to pile into it.
want to see the job report... this could cause a rally or could cause a massive tank...
and the median home price in detroit (not the suburbs but detroit) is aprox $12,000 dollars.. (these are homes that were selling for 120 grand not too long ago). the economy there is horrible... why in the world would you want your products to go to a place with such a horrible economy?
I don't think michigan should be indicative of anything in terms of spng good or bad..
re: "The advertising alone is a huge red flag."
man so every company that does advertising is now a scam also?? man I didn't know that was a red flag
speaking of bottom.
looks like the indicators starting to turn up and the stock is up on high volume good sign imo...
might nibble a few hundred shares here and there
This is the photo shopped pic. some are spreading it around for whatever reason.
hey Moe Speeks,
did you ever get in touch with the short sellers... tia
woah... how'd that happen
virtualdrew, do you still think this is possible? tia.
virtualdrew, do you still think the company stole our money? tia
no you are right no one owns any shares...
I do not think that's what's going on...