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.
Still on REG SHO!
Is this covering?? Or are they shorting more??
Why? Do you think all the shorts are covering now?
Still on the REG SHO.. as of last night.. so they cant be covering to fast (if they are covering yet)
Ah.. gotcha Thanks!
Question about the 8k...
The last paragraph states that Robison, Hill & Co. are currently re-auditing.. and that they are SPNG's current independant registered accountant. I thought the company hired D&T. Why arent they doing the re-audit??
Accordingly, the Company's financial statements for the fiscal
year ended May 31, 2008 are currently being re-audited by the Company's current independent registered accounting firm, Robison, Hill & Co., A Professional Corporation, a PCAOB-registered firm, in connection with the preparation of the Company's Annual Report on Form 10-K for the fiscal year ended May 31, 2009
Question for the board.....
So is today the start to the squeeze? The shorts will have to cover by Tuesday the 22nd.. yes???
Ok... So in 3 days.. how many times have we traded the O/S?!?!
no_BS... question...
Wouldnt the shorts HAVE to cover before the split? With the new CUSIP that will be issued.. shouldnt the shorts have to account for every share?
So therefore.. shouldnt the squeeze happen first.. taking this up substantially.. then settle back to the valuation level. Then split? TIA
How much of this volume is Covering??
SPNG should squeeze faster than AIG did.. shouldnt it?? The MMs only have til the 21st to cover..right?? We should really see a move in the next few days!! If not.. I say there wont be a squeeze. Thoughts??
Ok.. 100-1 Reverse Split.. this forces the accounting of shares.. big question is.. will this start the squeeze? Will there still be a squeeze??
LOL.. yes it is.. Can we shake it up and start over? I dont like the dip this morning.
Ok are the MMs artists all the sudden? What are they drawing in the Chart?
ETRADE GAMES...
Saw someone post that their sell orders where being changed and canceled. So I tested my out.. since I have etrade.
Funny stuff... I can place a GT60 sell order for $100+ but if I try for anything under $100 it gets canceled! Very weird anyone else notice this?
LMAO.. thats true.. never thought of that!
I hear ya.. I tell ya I dont want the bragging rights of being the one to hold to the highest. LOL.. Im just hoping for a really nice profit! GLTY
Thanks z4... I know no one has a crystal ball or can predict where this will go. I was just trying to understand why everyone was setting such low expectation (imo) when this could be huge.
Thanks for your explanation and thoughts. Im one of the smaller shareholders.. so Im gonna try and hold out for the price I need to be debt free. Its $45 and Im hoping to hit it.. but will settle for anything over $10-15!
Im with you and the big money.. Im hoping it will at least hit $45! At that price, I wont be a millionaire like most, but I will be completely debt free!!!
Yes I did see that.
But isnt the short big enough to where, if all large shareholders dumped at $25, the MMs would still have to keep buying back. Plus with all new buyers coming in to try and get in on the action, wont that help to even push it higher?
I guess where I am getting confused. Because if there really is a 1 billion shares short on this. And they lower the O/S down to 150-250 million. And the MMs bought the remainder of the O/S. That still leaves roughly 750 million or so that would still have to be bought back...right? So even if Doug and his group dumped all 300 million.. there is still 450 that would need to be covered.... right?
So once all big shareholders are out.. or sold the majority of their positions, that would leave all the smaller hands to hold and drive the price.. along with the new buyers.
I know Ive asked several times about the NSS. But I seriously dont understand why this cant get above the $25-35 range that everyone says is the highest it will go.
I understand no one can predict just where this will stop. But I seriously dont understand why everyone underestimates the possibility. As I have stated before PAVC went from .14 to $70. That is a 50,000% increase (if I figured that right). And again that was supposedly only on a 12 million NSS (I think).
SPNG has, as you and many others have stated, at least 500M-1.5 BILLION NSS. So shouldnt SPNG blow PAVC out of the water? And if not.. even if SPNG just did what PAVC did and increase 50,000%... SPNG would go from .20 to $100.
Again.. I hate to keep asking the same question, but why is everyone limiting the top price, when this is suppose to have one of the largest NSS?
I say we go to Bikini Bottom with Spongebob... LOL
Ive asked this question also.. and Im with you. I would love to see those prices.. however, Ive never been involved in a squeeze situation.
The one thing that I dont get is.. why SPNG cant hit at least $70. PAVC ran from .14 to $70 back in 2006. This was supposedly on only 12 million NSS (or at least I thought I saw that somewhere). Everyone here is saying SPNG NSS could be a few hundred million shares to 1 billion+!!! Even if we just use 500 Million NSS for SPNG. That is still 50x larger than PAVC!
I understand that there are quite a few people that hold several million shares.. but I bet the majority of longs are only holding a few hundred thousand. Yes as price rises the longs holding the Million+ share count will dump once they are content with profits.. however, there will also be new buyers coming in to pick up those positions as well as the shorts trying to cover.
I guess I just dont understand.. but my thoughts are if PAVC can make it to $70 we should be able to as well.
If anyone is going to respond.. please dont be a A$$hole.. just explain your reasoning on why this wont get to those prices.
Still Reg SHO
Dude I was just about to post that!
LOL.. so will he.. HAha
FOURKIDS... what is your take on the 10K not being out yet?
Im seeing the .2005 on eturd for the Extended hours trading..
fourkids.. Thanks for the PM!!
Soapy.. Thanks for the PM!
Soapy..
You posted the other day.. post #172938. I know you were probably making a point... but it peaked my curiosity.
The questions I have are..
1.) What is your opinion on how big (if any) the NSS actually is? I know the board is throwing around numbers in the 1.5-2 billion range. I saw someone post that SPNG IR is saying around that. What is your personal opinion?
2.) If the squeeze is that big.. wouldnt the MMs have to literally buy back ever share from everyone of us? And if so.. the PPS becomes how much I/We are willing to sell it for??? ie.. if I want $500 a share ( i know thats crazy, just an example) they would have to pay it... right?
3.) When do you for see the squeeze taking place? My guess would be shortly after the 10k. Next week that comes out.. then they hit us with uplist news, NOBO, etc.. and off we go.
Is it safe to say the Gap filled at this point?!?! LOL
Still on Reg SHO
Hey Drew are we sure the squeeze trigger wasnt at .15?? LOL Man I cant wait for it to hit .285!
Come on SPNG!!
Thanks Drew!!! We're getting closer!!!
Anyone have an idea of the squeeze trigger point??
Still on Reg Sho!!
Sooo what youre saying is... now that $100 is possible!?!?! LOL
Ill settle for $70 like PAVC!! Oh yea!! GO SPNG!!
Im with you!! I would love to test it.. hell even $70 would be insane.
I just dont understand why SPNG doesnt have that potential. PAVC ran from .14 to $70 and SPNG, supposedly, has a bigger NSS position.
Either way.. Im riding this thing for years to come. Im hoping to dump at the height of the MOASS and buy back 10x what I currenly hold.