Here's the Deal....Carp, your post on the fact that there is no 'going problem' in the 10k says it all.
The level of knowledge about the company follows the following hierarchy:
1) Management of SPNG
2) Auditors that did the 10k
3) Insiders and other knowledgeable invertors far down the line
Since the auditors clearly DON'T see a need for a 'going concern' statement in the 10k, THEY in their very strong base of knowledge about SPNG recognize that SPNG is NOT RELIANT on raising moneys, either loans or equity funding to survive over the next fiscal year.
If they auditors deduced that outside moneys were needed, they would be compelled to insert a going concern statement!
END OF STORY FOR ME AS AN INVESTOR....Those with more company input and independent verifications have put their license on the line and have said, in writing, there are no 'red flags' on the money that is commented incessantly on these 'investors' boards.
All this discussion about share counts, etc. does not carry more weight for me than the 10k audit, which I might add had the benefit of knowledge of the company's results right up until the end of August.
Also, putting to bed the other BS about collections of A/R's on the 10k, the auditors had the benefit of knowing if there was a collection problem by the 10k release date at the end of August for those A/R's listed in the 10k as of May 31, some three months earlier! No mention means no problem............