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You know this is a ridiculous conversation and issue. I'm not posting anymore with you. You are just being argumentative with no purpose.
I disagree there IS money to be made on the stock, as the company has excellent products, making money, has Dicon company purchase which increases spng's product line by 40 new items!!!!!
Sponge Bob is being rolled out in lots of stores. Big seller. Multimillion revenue and profit from Sponge Bob. Can't miss. IMO.
sounds like you have no interest in spng either the way you worded you post.
Confident on spng I am.
I agree with you as to the Pike guy.
I know I am long. Have not sold a share. And have bought more in post suspension period.
The price is still cheap -- who knows for how long.
You have to do what is right for you. Do your own Due Diligence. IMO
Show the 2 days before 10/21. On 10/19 volume was 226 million. On 10/20 volume was 65 million.
The SEC can do another suspension for a new reason or to prefect shareholders further.
Bully for CMKX. It's sure impt. to you to nit pick and prove me wrong on that point.
Then spng must be up there in volumes in 10 ten -- research that a project for you!!
Volume is slowing and you know why? BECAUSE NO ONE WANT TO SELL!!!!! Yuppers with only 2 hours of trading left vol. is 5.7 million. No one is selling. That is Cool!!
The calm before the Perfect Storm.
THE SHORTS CAN'T EVEN COVER IN THIS POST SUSPENSION GREY MARKET.
Riscare: Let me ask you: do own stock in spng??
Yes. 142 Million Shares. Unreal. Truly unreal. That is 19% of the 722m O/S shares we had at last official count.
The guy you are referring to worked for the SEC and Price Waterhuse as an Auditor -- thus I guess PIke did a thorough Due Diligence on spng before purchasing. Pike purchased prior to and after the suspension. That's confidence, and puuting up serious bucks!!!
1. No new is good news as far as I am concerned.
2. The SEC did not extend the extension for the same or any other reason. Trading has proceeded after the 10 day suspension.
3. The volume on the Gray sheets after the suspension has been unbelievable with 400 million shares traded in the first 3 days after suspension -- probably a record for Grey sheet stocks!!! That must mean lots of other fols are not concerned about the SEC business!!!!!
4. Volume since those first three days has been consistent. -- meaning lots of folks still are not concerned with the SEC business.
5. Yesterday's 13G by PIKE PARTNERS is clear evidence that this institutional investor is not concerned with the SEC. Pike Partners purchased 142 million shares. Whoa!!!
6. Pike Partners purchased its shares prior to and after the suspension -- so is not worried about the SEC thing.
7. One of the key people on Pike Partners worked for the SEC and was an Auditor with Price Waterhouse --one of world's big 4 accounting firms. That shows Pike did its Due Diligence and is not worried about the SEC.
QUESTION FOR YOU: Why are you so worried about my view of the SEC business when you are a person who is negative about the company???
YOU WILL FIND OUT SOON ENOUGH ABOUT THE SHORTS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! And whether they exist or not. Until then I am a happy shareholder in spng which makes great products, is making a lot of money, and is doing a fine all around job. EXCEPT for the existence of these nasty Naked Shares --air shares -- soon they will go poof!!
Perhaps you should stop the same. What you say is all speculation. There is no SEC conclusion. There is no stock dilution -- proven -- until you see the 10K.
And judging from the Form 3's to far. It looks like RME has 66m shares. And that the O/S MUST be below 722m. Bub!
Further, it has been pointed out that one of the key people of Pike Partners worked for the SEC, and was an Auditor at Price Waterhouse. Thus, I think that Pike Partners did thorough due diligence before they bought 142 million shares!!!!!
Pike Partners bought shares prior to and after the 10 day suspension. Pike Partners has validated the company, and it credibility!!!
So you do not mislead, please. IMO
Excuse me, but you have no idea what you are talking about. IMO You just wrong on all counts.
Sir, you have no proof as to your statments. The issued and outstanding stock will be indicated in the Subsequent Events section of the 10K, and anything you say about O/S before 10K is filed is pure speculation and NOT fact in any way.
Further, the class action is directly from the shorts "playbook" which no_BS refers to occasionally in his posts. It is right in there. Interesting reading Everything the shorts have done so far come right out of the "playbook".
I am not an employee of spng nor an offer or director, so I and i refuse to speculate why spng did what it did with the A/S. For you to speculate as to the reason has no basis in facts or reality.
Further, the A/S are irrelevent. They are not in the market -- as they are merely authorized by the comopany.
It is the issued and Outanding shares that are in the market. And only a certain amount of that is the "float" the amount available to trade on a daily basis.
Now to look at the daily volume and to compare it with float, you come up with many time the entire float or more is traded in a single day which makes to sense.
And the cause of that-- ahh. Naked Short Sellers -- creating air shares. Flooding the market with air shares. A whole heck of a lot of them it seems like.
The whole newpaper article was quoted verbatim in the first Class action suit. There was no DD as there was no 10K and no results from the SEC investigation.
Class action suits are not evidence of any wrongdoing. The classaction suite hav not gone anywhere yet. Lawsuits can be meritless. These lawsuits are premature in any event as there is no 10K yet from which to base any facts, and the lawsuits rely on newspaper articles. Now I have never heard of other lawsuits rely on newspaper articles, let alone the NY Post.
Yes we are in grad school econ by now with all of the issues and situations which have occurred
YOu can raise A/S for a number of purposes. For example if a company want to have shares available for an upcoming purchase of another. The company does not have to use or issue the shares it authorizes. They are just there in the Treasury if and when issued for the open market or for some other corporate purpose. O/S are shares that have already been issued and are outstanding. A/S are NOT issued nor outstanding.
I think we are in econ 502
Your point is irrelevant to anything we are talking about. You are the one who confused A/S from O/S and now you switch topics. Your sstatement is pointless.
The past three days of trading have been 17m, 16m, 16m, on the greys no less. Vol. today is following the pattern of yesterday. On the greys one normally has to match buyer and seller share numbers but spng plays to beat of different drummer by having tremendous volume for stock on greys.
Raising the A/S sparky does not raise the O/S. The 2 are conceptually different. A/S is just authorized -- but not issued. O/S is issued and Outstanding. Just basics.
This is what mm's do. They "make" a market, plus manipulate the Bid/Ask at will, waling the priceup or down. Until the stock gets off the Pinks or OTC BB and hits the NASDAQ you will have that problem. In addition the Naked shorts are ahuge problem with penny stocks with good liquidity --volume. Creating air shares at will. To the tune of milions, to the tune of over 1 Bil. The mm's try to force the weak retail hands out constantly. It's the way they play it.
your welcome
rs: Further, this ruling will start a chain of events and affect other issues in this case, not the least of which would be wamuq's reorganization. And the acknoowledgement of the transparency of JPM's atty's arguments at every step. Thinking how this puzzle piece fits into the larger picture of this mamouth case
Cautious, Deliberate, Thorough, Thoughtful, Being right on the Law, Finding to triable issues of fact. Deciding what to do with FDIC's complaining and thumbing its face at the court. The judge is thinking of all of these things. IMO
rs: I think the term would be deliberate instead of over-rated. She is being deliberate, making sure that she is 100% sure of every aspect of the ruling on the motion and that is appellate proof on the facts and law. Because this can be directly appealed as she is ruling "as a matter of law there are no triable issues of fact" as to the $4 Bil. Thus, it the appellate court could make a quick ruling. She is definitely not over-rated. Cautious, deliberate. IMO
You seem to be the authority on this subject. Please tell me why, I do not like surprises.
I think DF will be consulting his own advisers as to how to interpret his reporting requirements.
thank you
thank you
I doubt if the Judge will take longer than 1 week to rule in wamuq's favor. In the meantime, time to scoop up more shares.
diamond: I have only 3295 shares. I posted about 2+ weeks ago that I thought the judge at the SJ hearing would hear oral arguments and then take the matter under submission, as that is what usually happens in such instances. I was told in no uncertain terms that the court would rule from the bench prior to the date of the SJ hearing in wamuq's favor. Well, although I believe that the SJ motion will be granted in wamauq's favor and it will get the $4 Bil.+, regardless of what the FDIC now says, the court did in fact take the matter under submission as I had previously indicated. I know you all want this thing to proceed quickly, but the court acts cautiously using known procedures as it should in such a big case. Apparently the big vol. and sell off is also indicative of higher than logical expectations and misplaced understanding what occurs after oral arguments on such an impt. SJ Motion. Maybe a week from now or so court should be ready to rule. Good Luck to All Longs.
Thanks. Good Because another stock I own has an enormous naked short position and it is an awful situation, indeed, with a capital D. Trust me on this. And I do not want to buy into another situation like that ever again.
What is the short position in this stock? And are naked shorts a problem? If so, who many of those are suspected?
Rjck: I believe spng is on greys. I specifically bought L2 for Pinks. And there is no L2 showing for spng on my L2 iHub shoftward. There are other stocks I follow on pinks like wamuq and QASP, both show market makers with bids/asks, and with volumes, and sizes. thus, I respectfuly disagree.
maybe they are working on getting the 10ks ready, and working with SEC --as incooperating, and that's why the quiet
I think a positive as to class action is that the plaintiffs will have to use their REAL names not alias.
you assume that SM/MM are to blame for things? Maybe you guys are wrong?
which entity prevails if there is a conflict? Or can the SEC make an exception to a finra rule?
I'm confused now. Old Tymer called finra and lady said E was removed cause we are going to pink sheets. You say it can only be removed if 10K has been filed. So?