someone painting it i guess to make it look good. 2.6 mil DUMPED first thing at .0001 i guess someone was just fed up and wanted the BIGGEST tax loss without waiting for it to SLOWLY get there. :) the next two buys were at .007 for 5K and 10K

have you looked at the SEC and DOJ documents being posted? Have you seen the PPS? WAY to late for that now.

to answer that you would have to understand the mind of the SPNG investor LOL thankfully i don't.

Game over

it was extremely profitable for M&M and thats it. revenues were all a lie, thats why you aren't seeing them file. 99% of the revenues they reported, they said were from three companies that DON'T EXIST... companies that were FAKE. Many fell for the scam, some still do. Right now i think PIKE has the real picture. understand now?

because of the fraud the DTC won't clear shares, SPNG owes to much money, lawsuits etc. 99% reported revenue the company said it had is FAKE and from three FAKE companies. SPNG will be revoked without filing. o/s is 3 billion, SPNG is nothing, has nothing. whats to buy?

thanks UgS will do!

Good morning mick and all Xers! Tomorrow starts another week of fun all over again. long live the markets :)

correct. nothing is known until the trustee gets in there and can asses the situation...reorg,or liquidation.

just came across this board..marked!

POPPED in to say have a great weekend $T

I'm sure PIKE lost enought money in this scam.

Because they are appointing a trustee first to determine what the situation is and decide from there what the next step should be. IMO They are filing a chapter 11 pending the outcome of all the legal troubles of the parent company first. WIth a trustee appointed, it does not guarantee a reorg nor does it stop a LIQUIDATION if it is found the company will not survive.

Court Discretion

While the Code provides the court "shall" appoint a trustee if either of the two requisites are satisfied, the courts take the position that the general terms "cause" and "interest" used in the section leave considerable room for court discretion. It is also recognized that concepts such as fraud, dishonesty, incompetence, or gross mismanagement cover a wide spectrum of conduct.


1.The courts generally will give a newly appointed trustee a grace period, allowing him to her to become familiar with the bankruptcy case. Possible results include the prolongation of the case or a continuation of the lender's other pending matters such as motions for relief from stay and motions to convert.

2.Depending on the lender's strategy, most trustees appointed from the U.S. Trustees's panel are unlikely to have the time or the skills to operate the business. Practically speaking, many Chapter 11 trustees shut down the business soon after their appointment and convert the case to a liquidation. If the lender truly seeks reorganization, it should be prepared to find a qualified operator to act as trustee.

3.Under the Bankruptcy Code, the collateral of a secured creditor may be assessed the cost of its preservation. Thus, the secured creditor who seeks the appointment of a trustee, particularly a secured creditor who has a security interest in all of the assets of the debtor, may be forced to bear the expense of the trustee, if for no other reason than because it sought the appointment. Cases in which the lender fears the rapid depreciation of its collateral if the debtor's current management continues, however, may justify the risk and expense.
http://www.bernsteinlaw.com/publications/howwhywhen.htm

looking good. Played this one before and it did very well. looks like it may do it again! good luck to all

I was referring to this post where the poster referred to MOSKY having his day in court, not Metter. Maybe the poster heard it from Mosky, who knows. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=51684167

You are one great guy Jim, so I'm sure your wife was in the best of hands with you by her side. I just wanted you to know you will be in my thoughts and prayers.

my condolences...Jenna

always where the money is! have a good feeling about this one. can hear the money train coming!

Yeah everyone wants to blame someone for the M&M fraud but many questions can be answered by the company if they just file the 10K. why aren't M&M putting it out?
People need to think about that.

saw you over here, so decided to take a position. let the good times roll!

I agree. Nothing stopping SPNG from filing and yet they still fail to file. it is what it is and failing to file can't be blamed on anyone but the company and it's CEO's. Why doesn't the company file? if they can prove revenues and share structure...file. Funny how Mosky has plenty of time for emails though!

Well i have nothing to lose, I'm just watching the show and it's outcome...shareholders are the ones that lose here because of M&M lies. Mosky already Pled the 5th so how is he going to have his day in court? LOL Many will believe right into revocation i guess. for many seeing is believing.

LOL Mosky will lose just on the fact that he intends to plead the 5th on everything asked. pleaseeeeeeeee

i agree... When i first saw the email exchanges posted, i almost died laughing. I couldn't believe that someone in as much trouble as he was, pleading the 5th to the court, was emailing some guy from a message board and chatting up a storm.
Goes to show you a chimp can run a public company LOL

yeah i saw that, but mosky is so stupid he does whatever he wants even to his own demise LOL He almost can't resist

since mosky loves emailing you and answering all your questions, why not ask him what the o/s is NOW and not according to the last filing. I mean he would know for sure from his own transfer agent. ask him? bet you don't get an answer.

MILV now up 111%

ICOA going higher!

ICOA now up 55%

ICOA yep, looking at historical, this was and is, a bargain this morning!

ICOA moving fast now off the low

ICOA making a great comeback

ICOA get pick up at the low. should bounce much higher

very true...got it.

True but after you find out you were DUPED, pull the financial plug on the lawsuit.

I agree. I just don't see it. If someone lied to me to sink all that money in SPNG the LAST THING i would do is finance any lawsuit to help SPNG out

If he was naive to the con IMO he would be PISSED. Why would he pay for SPNG v NYP lawsuit????

but the 3 billion HAS been proven

yes it does and he has taken MANY MANY other BAD hits on many other company buys as well. HE is either an idiot or a genius and finds a way to DUMP without the filing. Guess we will all see when the washer stops on this one.

this whole mess is one big ILLEGAL. Try proving what PIKE knew, and when he knew it, is another bag of tricks.

same here.