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If they waited to release the R/s after the 10K, then the shorts, and thus MM's, would have had to try an cover at much higher prices. Or the the company would have been less able to buy up more shares at these elevated prices. So....
1) Delay the 10K, pps flat-lines arounf .20
2) Announce R/S, pps goes down for shorts to cover closer to .09
3) Company buys more shares and thus keeps pps afloat above .10 and continues their buy back to reach their $150mm goal.
4) Release 10K, pps goes back up to .20 and everyone is happy
5) R/S goes into affect with little affect since it's all been on the table for 2 weeks now.
6) pps now $15-20, apply for uplist
7) 10Q and other big news comes out, pps goes even higher.
See the forest yet?
EVERYBODY REMEMBER.....
This was going to be a wild ride, but long term we'll be on top. What more clues do you need to reinforce that? Don't listen to garbage.
Another one who can't see the forest from the trees. The 10K won't make it out until last minute...Monday night or Tuesday. Can't you see the forest? They new the R/S was going to bring the pps down and it was a very tough decision to make because of that. But in the long and short of it, the R/S was the lesser of the evils to reach their uplisting goal and also get an account of the shares vis new C#. For those that think it's a ploy...good luck and keep dreaming, it will happen come the 22nd. The shorts are given this window of time to cover and the company is using this time to continuing to buy back shares to help keep the pps afloat. all those that want to battle with each other on the float, the O/S, and NSS, just sit tight and you'll have plenty to talk about in the coming days, not weeks.
TAZ
Glad to hear it MadHat.
I got into SPNG in May. Bought at.... .03, .06, .09, .11, .14, .19, .24. through a 2 month period. I'm sittin on a lot of shares and playing a little tug of war with mtself as to when to sell enough to at least get my investment back and still have enough to sit on long term and reap the rewards.
Understand fully CB, but the perspective pends on which window you're looking through:
Buyer at .01 - .04: pps from .006 to .28, currently at .13: pretty darn good
Buyer at .14 - .204: pps from .23 - .12, currently at .13: pretty darn bad. These buyers didn't experience June 12th so that's why the high of the range is different.
TAZ
Thanks for the insight and the attached message from DF. Didn't know that was out there.
I've seen all sorts of conspiracy theories on this board regarding the latest "major event" and I must say that I'm not a believer. The R/S announcement is what it is...so far an annoucement, however, it's a public declaration explaining an intent the company has and is expected to execute that intent on 9/22. I don't believe the company has something up their sleeve about the R/S because if they do something otherwise, that is a blantant act of misleading investors and the public. I think DF's note on Sunday was a pep talk to the longs to hang on through these "major events" and you'll be rewarded long term and I took every word to heart....because that's what it becomes, right?....an emotional investment....you believe in the company and what it says? Now the 10K will just verify some of those claims.
TAZ
Has anybody tried to contact the comapny via the avenue their new website has...regarding any subject matter? If so, has anyone gotten back to you? Thanks in advance.
I'm starting to believe your orders at .10 will NOT be getting filled today.
It will continue to appear as a scam via the stock price swings and manipulation UNTIL they get off the OTCBB, thus the recent huge announcement which is a bitter pill to swallow for everybody, but it will eventually lead to the cure for this ongoing sickness.
It will keep many small fish like many on this board on the sideline, but not the big fish i.e. financial institutions and mutual fund brokers where the real money is.
That why these types of posts yerk me so much to the point of actually taking the time to reply.
I think they had to make a tough decision with the R/S and D&T convinved them it was the only way. Maybe we'll get some shareholder clarity in the near future...but for now....
Wait the storm out as so many have said. There are so amny signs (trees) that show this is a ligit and reputable company (forest) with huge kinetics and potential.
TAZ
That's your interpretation because you can't see the forest through the trees. If all this hardache has got you down, then take your vaseline and lumps and MoveOn.
Once they reach the NASDAQ as planned and they continue to grow as planned...thus increasing share demand, you'll see forward splits to bring the pps in line wih typical small cap companies.
Seif,
Good stuff. We all need a breather and to reflect what had just happened. However, I don't agree at all that there is a master plan that would have them retract the R/S. They want to get to the NASDAQ and fast and I'm sure D&T had a big influenece of making that happen. They are growing at an alarming rate and the sooner they get on the NASDAQ the sooner they can take advantage of this growth and growth potential with bigger financial fish.
I appreciate your fresh look, but it's a cinderella story.
TAZ
Mr. Bubbles, is it your job as moderator of this board to be and remain completely impartial? Is that the requirement of being a moderator of a discussion board? Take no sides, play fair and call foul when a foul has occured (delete message) and most importantly, point people in the direction for obtaining public information? I'm just seeing if you can offer any comments after seeing the black and white today and a lot of grey in between with this surprise announcement from the comapny. I value your opinion, so I'm asking if you can give one up.
TAZ
Holy Cow RD4, come back to earth or wake up from this fantasy dream. It is what it is and falls in line with the plan except for one thing....the fact they said they weren't going to it it. Well they probably got advised by D&T that this was the only quick way to achieve the uplisting plan (and eliminate the NSS positions for those NSS believers). Well I hope a PR comes out in the future that has SM or MM admit it and that they deserve to eat some crow, but hey, that won't happen. They can simply make it up in increasing shareholder value which they keep stating is in their aggenda. If you believe in the management team, then dream and fantasize about a better pps and share structure, that dream may then come true. Stop this HS on conspiracies, deceptions and tricks.
Chill out everyone, it will right itself. Can't believe all the garbage that came out of the woodwork today.
TAZ
You made perfect sense...so it appears your drugs are good, but not that good. Take care and I'll probably be reading some of your posts on Tuesday.
TAZ
Hey There Spongie,
I can see from some other posts that you've been kind of sidelined for a while. Don't know the details, but I'll just say that I enjoy your posts and that I hope you have a healthy and speedy recovery. At least you can find some entertainment on this board since there isn't much of an alternative when you're sidelined.
Most of my posts get deleted because I tend to come down hard on a lot of the posters with regards to their baseless content....no facts or DD, just hear-say and some pie in the sky. However, I certainly enjoy some of the wisdom that this board produces; I've learned a lot from the select few and that's why I continue to dabble. I have bought from .03 all the way to .24 and have yet to of sold a single share, so I'm in kinda deep on this one. When June 12th hit, it was the board that kept me from doing something rash. It's the select posts that have some meat and potatoes in them that keep my confidence high in the company. I do believe in the NSS postion, but I don't believe in the so called MOASS that's got posters setting sells at $25, that is just is rediculous to me.
Well take care,
TAZ
"SM said" is all hear-say. Please show where this is in writing from the company and then I'll believe it. There is so much hear-say on this board that one should know by now what to take home and what to leave behind.
TAZ
Oh, it's in my pocket....here you go...
It will come out when it comes out and no later than the 15th by law. Take a chill, the extension and thus wait is for good reason for everyone involved with the comapany including shareholders. Read some more posts and/or stop following every tick on the pps if that's causing the anxiety.
TAZ
You actually follow this site enough to post it? Pretty sad.
Sykes,
Your take on SPNG is flat out wrong. Since you probably lost out on the June 12th fiasco, you channeled your anger by lashing out with your negative posts afterwards. What P&Ds have so many in the media spot-light either backing or associating themselves with SPNG...MLB owners, NFL teams, US Open, most recently a number one seated tennis player??? What about D&T getting on board as their official 2010 accounting/auditing firm, not to mention other financial firms now monitoring it and reporting on it. Nothing holds water anymore as it comes to classifying this company as a fraud or P&D. The only fraud going on here is the NSS position in the stock which is having less and less of an influence with each passing day.
My advice to you is simple, close your trap and buy now while you can at 20 cents.
TAZ
Oh no, you're back. What do we owe the pleasure to? Can you please just provide some back-up to these wonderful statements of yours we all so deeply missed.
Didn't know that. Thanks for the info AB.
With so much going on, I still think it will be next week. Regardless, no matter to the long shareholder...except those longs with anxiety issues.
GLTY,
TAZ
Ninja,
I truly hope you're right, but I suggest you take that with a grain of salt. I don't recall where the "SM" reference came from, if a post...take lots of grains of salt, if a company PR, take a few grains. This is the biggest filing of SPNG since they became SPNG, so I'm personally cutting them some slack and MovingOn to other things. When I see this discussion board light up like a "Christmas Tree" as someone so eliquently put it, then I'll know.
TAZ
I'm in agreement. The 10k will not be out this week IMO. If an extension was required in the first place, that means they have some work to do yet, otherwise a few late nights at the office the last week in August could have wrapped it up for an on-time release. Plus there is the distinct possibility they are buying back more shares which may be indicative of us holding strong above 20C. All good stuff; as many of us have said, it will come out when it comes out and according to the filing this will take place on or by the 15th. Go on a vacation or go stay with a friend or relative in a nearby state if you find yourself consumed by all this.
TAZ
Sorry SOB, the foundation is too strong to even come close to those pps numbers. Since SPNG hasn't dropped below $.20 with the SEC extension filing and thus disappointment to many shareholders, your predictions have no merit. Unless you come up with a basis for your prediction, it's just pie in the sky for shorts.
As far as your predicting goes, I think you should stick to the weather....much better chance of getting it at least 1/2 right.
TAZ
My goodness, do a little research on this board and you'll get the answer. Tired of filtering through all the same stuff when the answers are right in front of you. The 15th of this month (latest) and this is not the word on the street, but the word of the SEC with SPNG's latest filing with them.
Another accurate call River. I was on the road most of the day taking the family to visit relatives in Detroit and we are going to catch the Lions pre-season game at Ford Field tomorrow. Yah, I'm a fan of the 0-16 Lions and have been one since my dad brainwashed me as a kid into becoming one.
Not sure what happened at the end of the day, but no surprise to see some type of reaction to no PR (thus disappointment). Glad they didn't release todays Sarah Fisher PR until after the close because that would of just added to it. I'm sure people initially jumped out of their seat when it came out only to be disappointed since it had nothing to do with the 10K.
Not complaining in the least. Just hope we get something soon and not an extension announcement. Haven't been on the board at all today, so maybe there's a difinitive answer on that scenario.
Have a good weekend and talk to you on the big Monday.
TAZ
OK RAF, double or nothing. My guess is that we will see volume action again at the EOD, but will it will be small as compared to yesterday. My feeling is that it will head up at the end but it will not break .20 today. Power-hour today with be like power-outage-hour, IMO.
Tomorrow will be exciting....news or no news.
Your take?
TAZ
RAF,
I'm looking at this trading day as a very positive sign. A continued run-up would have lead me to believe that we were eventually headed for a major pullback...maybe a "sell the news" event. But now with it floating around the close of yesterday with a minor sell sweep (dip), I think it's getting a foundation and we could be in a "buy the news" mode....then a small pullback. That is - as long as the news is what we are expecting...$50+MM in sales, 10MM in revenue, lower OS. I'm just very interested in the expenses with all the advertising endeavors.
I don't expect another last 10min rise like we saw yesterday, but then again, it's SPNG.
TAZ
You got it! Nice call on that 10min stuff. Boy that was fun to watch. You a NYer? I am, but on the west side of the state. Enjoyed the added fun and looking forward to another exciting day. Have a good night everyone.
TAZ
Wow RAF, did you ever call it...last 10min. Way to go. I'll be more than happy to buy you a drink...maybe some 100year old scotch the way this is all going. Nice chatting with you and making this a lot more fun. Pinch me please.
Boy that was fun to watch.
TAZ
Uh Oh (in a good way). You're looking like a possible winner, may come down to the wire.
You're on! Aint this fun!
I bet it will be anti-climatic, so lets make a gentleman's wager. I bet it close under .185. What say you?
TAZ
Note that if there is massive volume at the time it passes through the stop loss point and the stock pps is diving, you may lose out big. Say you have one set at .12 and the stock dives from .15 to .05 in heavy volume. Your stop loss trade will be activated, but by the time it gets filled, you could be selling at .07. It happenned to this stock on June 12th. I'm long, so I'll sell on a day and price that's just floating along or if I'm lucky on a day that it's rising to my sell price. Learned the hard way on another OTC stock.
TAZ.
What know is that you got big Kahoonahs! That's over $150K invested in an OTCBB stock. That's too much for my taste, I like to sleep at night, but best of luck to you and all longs.
TAZ
Harbs,
This has been hashed over and over, but the concensus is this Friday or Monday(latest) barring any extension due to the recent accounting firm changes (not expected).
Sorry for the rest of you, but I can only reply publically and wanted to help.
TAZ