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As I see, the debtor SPNGQ is being discharged of its liabilities.
The US cannot hold on to the Stock for long i.e they cannot be custodians of the Stock. They will have to dispose it, either by auction or cancellation. The cleanest way of doing it is by cancellation. In any case the stage has been set for SEC/DOJ to release SPNG and let it trade on OTCBB. AIMO!
Not if the authorization is FORGED!
They don't keep them that long on Retail shelves...just 3-6 mos and if they don't sell, they find them in fire sale section and then off.
I second that....about time the SEC reversed their follies!
They are ironing out the wrinkles! LOL.
The Court documents does not say so!
That leaves a lot said for the SPNG Shorts who always have had only one side----to rip and rob!
Probably TAO knows where the 52million is....is that why he left???
U mean shorty is not locked in!
fla, a coin has 2 sides. EOM
That means there are 2 Billion questionable issued shares. imo
cowtown jay, yes indeed, that's a strong supportive fact. Much appreciated for the post
Interesting to note that Steve M did not plead guilty to Perjury.....so yes, the OS is 723Million or below.
If they put someone who wore a wire in jail, then who would wear wire for the DOJ ....no lawyer would make a deal like that....it would be like putting a whistleblower in jail!
Paste the link please if you have one. TIA.
Not only are they registered with Delaware's SOS, they are registered with the SEC too, the filing was done on or about 28th Sep 2009.SPNGQ shares fully registered.
Nope...that is not true. That's not what the court documents say!
All allegations...nothing proved, nothing gained!
Michael Metter did not plead guilty to Securities fraud, that is false. He got away with $100 fine for lying about his compensation. Steve pleaded guilty to Securities fraud but that means a whole gamut of things. His pleadings are sealed. So no one but himself and the DOJ/SEC know what the specifics are. Selling unregistered shares under Regulation D is not a fraud. The company and officers did not do anything wrong as Reg D papers have been filed with the SEC.
They never
That is absolutely false.
NEVER has a person gone to jail for wearing a wire for the DOJ, plus his lawyer Brafman will not allow his reputation to be tarnished.
Those are allegations...nothing proved...in fact Metter was let go and Steve will be sentenced to freedom. Poof No Proof!
That's not what the Court documents say.
If the SPNG shell continues to trade the whores on Wall Street will be happy as they can rip and rob the retail investor!
I like that 'PIT CREW'...looks like a sure seller! Next Pit Stop will be NASDAQ!
Probably a can of oil, sufficient to set fire the stake!
So you are saying it is Tepfer who moved the shares as opposed to Seymour and Moskowitz (as claimed by the DOJ) .... good to know you know more!
$1...............I guess!
This must be the class action.
The SPNGQ shell has been cleaned of its liabilities and as far as its assets are concerned....... yeah, there is a huge short position. If the shell is bought out watch out for the eruption....!!!!
If this restarts, the Rocket will take off!
I believe, even the scammers think this is real.....that's the reason for this board being very active!
The question is who and how this stuff took place....certainly, it looks like there was inside help!
From YMB..................
Moving to a larger national exchange with a higher share price will only make easier for the Shorts to do their job. There are umpteen number of ways to short this on a national exchange. I think management should focus on bringing out the products as soon as possible. The tox studies have not begun and probably they will not be completed by end of 2014.imo.
yeah, that's right, it is still active and cleaned up. may be just ripe for a reverse merger!
That's not current9from linkedin). He is no longer with the SEC. He got the boot!
Is this a sleeping Giant or a dead Giant! One never knows....never say never!
Beep. Beep. Beep!
Baby you can drive my car
Yess you can be the biggest Star!
Go SPNG!