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You are so wrong. Completely wrong. No Pink sheets. Only good news and all filings coming within couple of days.
So far I think SM has done a superb job going from 5.6m revenue in 2008, 50m in 2009 per the 8/81 SEC extension document, and 300m est. rev. for 2010, including about 70m revenue for 1Q 2010. If THAT is running the company into the ground then I think you have to rethink those statements -- because they are could not be further from the truth.
Yup. I'm long, have not sold a share, and holding tight because this company will be growing much bigger. And GLTY. Spino
10K and all other filing will be out by next week, IMO. And you do not want to be around when that happens.
What you allege about shorting is untrue completely without substance or facts whatsoever. It is illogical and makes no sense given that the float is less than a couple hundred million shares approx.
I believe the O/S reduction not to be BS and will be about 30% below 722m as said in the 7/27 PR, or below 550m shares -- in the 2009 10K when filed.
IMO
I just think the bottom line as to gufu matter is that spng wants a federal court judgment against gufu ASAP for the 1.7m with interest and atty.s fees, and other compensatory damages for its non contract causes of action. Meanwhile, gufu could end up filing Bankruptcy, Chap. 11 or 7. That's why I think spng has to act fast here.
And if gufu can't pay spng its 1.7m then it is going to have a hard time defending spng's lawsuit with attys fees, and filing any cross complant. I'm sure Fed. Ct. Bus. Lit. in NY with NY atty prices is not going to be cheap.
IMO Spino
VD: I wonder who else spng is considering on suing at this point besides gufu? A lot of things have been said about spng accusing the company and mgmt. of many, many things in newspaper articles, other websites, and other avenues, etc.
However, personally I just want to see that reaudit and 10Ks, and SEC inv. resolution before the company does anything else.
IMO Peace and Serenity Spino
"alternative financing" could mean anything and could last for who knows how long, and just be a delay tactic. I doubt gufu has the money, but if they do you are right about the interpleader. Too many quirky things going on with this deal.
And it is all true, IMO. The O/S will come in at between 500m-550m shares, when the 10K for 2009 is filed probably by Mon. or Tues.
And, UBSS just did not decide to take a holiday from being a mm in spng. It has been removed for some other reason, IMO. It is still mm for other stocks. And for the main mm for Schwab to be removed like that IS a big deal, IMO.
GLTY
I do not have it in front of me, but I recall that gufu in the 8K both acknowledged that it received the funds from spng and said it did not receive them. And that it will return the money. And that it won't. And then referred to statments re the pensley matter which are contested. And citing impropriety on spng's part for gufu to rescind.
At the very least a double speak, double confusing 8K, poorly worded, by I hope, not by any attorney. It would seem to raise more issues in spng's favor than to assist gufu in anything.
All IMO. Peace and Serenity. spino
It's been in numerous posts over the months. Further, even mgmt. sent S/Hs a letter over a year ago acknoowleding it.
So, I suggest you do a little DD on your own if you are interested. Thank you. GLTY
Peace and Serenity. Spino
I agree with all, but the most important part of the story is still yet to come, IMO!!!
Yes it was, very much so. A BIG mistake I think. Could lead to another complaint by spng against gufu. I don't know that anyone knows what the sec inv. is about except the sec and spng. Mentioning the pensley matter, if untrue as to spng, in a public document is not a good idea.
Yup. Pleasant surprises. Hopeful.
Why waste your time if as you say there are so many better stocks out there?
My time is not wasted -- I am a S/H. The company and products are real. The revenue is real. The profit is real. The exponential growth is real. The mgmt. is doing an excellent job, maybe not at holding S/H's hands with all the PRs we all want, but they are getting along with getting along at getting the job done. The future is bright for spng. You will see by 10/15. IMO spino
I will agree to disagree. GLTY. Peace and Serenity. Spino
I have already said that a few minutes ago. I think the current O/S will come in a between 500m - 550m, thus the float is reduced significantly.
Further, you know it has been stated over and over on the board estimates of the float being VERY small, and that the trading volume every day or 2 days equals or is more than the float.
I am in the camp for the honest guys, MM/SS, the guys who the SEC has come to help out with those awful NSS, IMO. And I am holding onto my shares. All of them. Period.
Very Cool. Would be nice to actually see one of those huge SPNG banners in person.
The float is obviously a lot less than that at this point. Reuters is looking at it from the 722m O/S figure.
8th Degree Black Belt. And not one but two MM and SM!
The 3 Bil. in O/S isa pure fantasy, IMO. My "guess" is that O/S is between 500m to 550m, not more. Which means the company actually did follow thru on its buyback program down from 722m. That is what I believe anyway. time will tell when we see the filings.
That is a stretch interpretation from any angle, especially since UBSS is Schwab's main mm, with Schwab being the largest discount broker. LOL
That IS nice for a change. A market maker making a market in spng, what a novelty!
Technical difficulties, Hmmmmmmmmmmmmmmm
I believe you, I do not have to phone. Thanks. I use schwab.
UBSS is Schwab's main mm for its stocks
never that I can remember
UBSS is not back still?? something MUST be up with them as they have always been there day after day.
as usual, you are right.
IMO I do NOT think so. These marketing started PRIOR to July when spng purchased Dicon. JS is merely a consultant I believe. there is no doubt in my OWN mind that MM/SM are the marketing guys here. IMO
If spng is a scam then why would the SEC allow spng to continue to issue PRs such as the Dolphins one or continue to expand its business?? Can you PLEASE answer that for me?
I don't think so. Spng mgmt is going after and reaching with their various sports ads in all different sports. SM/MM are marketing geniuses!! IMO Spino
GREEEEEAAAAT!!! Superbowl Bound!!!
Spng keeps rolling on expanding despite all the bad press and bashing. You can't keep a good company down. Good PR.
Excellent as always. Cheers to you for the evening. I have always thought that D&T have been overseeing the auditing process.
And it would appear like we are backing into hot only the reauditing of the '08, and filing of 10Ks for 2008 and 2009, but also the Sept. 2009 sales/bookings, PLUS the 10Q by on or about 10/15, only 2 weeks away. A lot of official documents to look forward to. I'm ready. Good luck to all longs. Spino
hug: And the larger point here of course, is that the list of valid and ongoing spng customers is long and is growing, with every new relationship established by the company. And this is occurring despite all the attempts by the NSS to drive the company out of business and the stock price to 0.
There will be NO way that the NSS will be able to avoid having to cover their whole position. IMO. And I have this gut feeling it will be sooner than later. IMO.
UBSS did not just disappear for NO reason. It did not dsisappear because some employee was ill. UBSS disappeared as mm for spnge for some specific reason. The fact that UBSS was still the mm during the day on other secutities supports the position that something is occurring with respect to UBSS and spnge. IMO.
Peace and Serenity. Spino