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--Follow the money--
Follow the money,.....Ya always hear that,.......
Flollow the money!
Signature,....Pike,...RME,....
Others to come,....or perhaps in already,....
People and groups with big money are still bettin on this one,....
I hold tight.....
Prolly seen this,.....walgreens top seller!
http://www.walgreens.com/store/store/brands/general_brand.jsp?N1=300000&output=output&alphabet=S&N=300000+310327&empty=empty&brandId=310327
Drakeford lost his license, is not on trial, and is not in jail.
And because of this,..I believe the relative gravity of the situaton to be lighter than expected.
Stoxmagic,...how eager do you think AYME is to get SPNG re-listed?
Has the "grapevine" brought you any word?
I enjoy your style,.....but a well told story beats a true one every time,... in my book.
GLTU
Karmasaur
Supposing we got revoked,.....does the company become a private company then? are they shut down?
Honestly, I would'nt suprise me if RME was buying sponges from offshore accounts in the early days,.......but I do think the bulk of the difference between 08 revenue and 09 projections is legitimate.
I wonder if pike is still buying,......someone holds us up in the four's.
Patchman, I think he was refering to spng financing and as near as I can tell,....GFGU was nowhere in the statement YOU quoted. Who is the spinner
Did obama really say something about spng
someone plz tell me what happened,.....in detail
Ohh Fire Lane,...sources at the TA also confirmed a white Christmas in hell,......I'm not counting on that either.
The O/S is some percent of 3 billion, we know that,....I don't think it will excede 1.75 billion,....and thats my worst case scenario. Management said they were gonna get it down to 500 mil O/S,.....so I believe they will,.......maybe that will require a R/S, I don't know. Management is committed to increasing shareholder value though,.... not committed to acknowledging the means.
Firelane,.... SPNG has typically had an O/S of around 60% of A/S,....so while I agree that some dillution has probably occured,....I believe the top end probability is closer to 1.75 billion.
I would also like to point out once again, that SIRI only trades about twice as many shares as SPNG,...and its declared O/S is almost four billion,.......Volume is excellent considering we are on the greys.
you and me both,.....I'd settle for a spiritual vision of the like. Clarivoyance would have its moments, ya know.
I didn't know satan had a connection to SPNG,....I may have avoided it,.......hindsight is 20/20, especially with the devil!
SIRI, with 3.9 bil O/S only traded 12 mil shares today,.....for a bit of perspective!
So Pike bought 112 mil shares since trading resumed? including buys in the .06 range. interesting! I would have averaged down too if I had the cash.
Mr. pike is a 10% owner, so our O/S has to be under 1.4 billion ,....right?
When was the last report on RME shares, and how many did they own
good post no_BS,... a bit more optimistic than even myself, but also, sounding more aware than myself.
even if spng did sell the rme shares, it would be reported as earnings. and they are already part of the 722 mil o/s.
I see nothing about share dillution in the investigation prs. A little O/T, but always O/T. I just find it odd that dillution is nowhere in the investigation. sales misrepresentation, spamming, yeah, I see em,....nothin on dillution.
And I agree with you,....however, there may be considerations that we are not aware of,......Their loyalty lies with the company first!
--SPNG covertly gives clue to O/S--
---Form 3 discription---
Every director, officer or owner of more than ten percent of a class of equity securities registered under Section 12 of the '34 Act must file with the Commission a statement of ownership regarding such security. The initial filing is on Form 3 and changes are reported on Form 4. The Annual Statement of beneficial ownership of securities is on Form 5. The forms contain information on the reporting person's relationship to the company and on purchases and sales of such equity securities.
RME reports 66 mil, or at least 10% of said security!
http://www.ti.com/corp/docs/investor/edg...
MR_SANO, the burden of proof lies with the accuser
I haven't seen anything about share dilution in the sec investigation
I'm not waitng on the 10k,....the whole beauty of being grey is not having to file,.......why would they do it now,.......afraid of going grey?
what happened to all the Mods
Oh crap, my bad, it was today
The Furth post is from last March
Thats from march
Wise men don't pray for money.
SPNG was a sound investment, and may still be.
losing my cash is a small worry
Thats alot more than five, huh!
The difference between our two respective comments about SPNGE is that your comments end in the phraes "I bet"
the five customers from feb. account for squat now, SPNGE is a different company now. Why is so hard to believe that five offshore distributors could do 5.5 million in sales for SPNGE,......
The company hasn't said, that the five coustomers, accounted for anything more than that,....new orders drove this growth!
--Here is how I place the peices--
The pumpers are right,....fundies are great!
The bashers are right, massive dilution,.......however, I see the most likely scenario as, SPNG issuing shares to RME (in the form of restricted stock) in the absence of other A/R financing!
Whether they take a loan from a bank, or issue stock,(with a fixed buyback price) to RME,....The fact remains, that it is a temporary liability.
I think the float is gonna be tiny, and that the o/s will be 500 million at the time of the 10k, due to retirement of suspected A/R financing restricted stock.
And I think this is what the SEC is gonna find.
Karmasaur
--Navistar spent some time on the pinks,.....
doin allright now
--SPNGE is clean---
As near as I can tell, SPNG didn't loan any money, RM did. Worst case scenario, moskowitz is busted,......but SPNG is clean.