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you cant go private without buying up all the shares even if you hold all the power.
And you mean legal shorts? There are not that many so that idea is no. IF they naked short their own stock then it's the craziest thing i ever heard. They can just issue more shares, because it's legal and pain free for them instead of naked shorts their own stock which is illegal.
So they got 40% discount, sold it to make 40% profits, then buyback at the same price? So where along the line that they made money?
If really those 660RME got fully diluted, we would see the stock went down to oblivion already.
we can, BMAS certainly is taking up a lot of actions. BMAS is SPNG for god sake.
They cant go private with a guy who's holding their stock aka Doug Furth and Friends.
He can issue stock dividend, which has the same effect of issuing new shares but we don't have to pay any money to get the new shares. Steve doesn't have to pay any money for that dividend since it's only shares issuing. And Steve gets to recall the shares. And the shorts can't do shit about it. Of course, it's just my speculation, Im just as pissed at the mgmt like many of you are right now.
Because BMAS is buying and staying on the bid. Pure and Simple. If it wasnt BMAS, the stock would tank 30% already. You guys can trust whatever you want, but if BMAS is mgmt, then it doesn't make sense when they dilute and buy at the same time.
lol, looks like it triggers something
lol, when times like this, you dont see Carp anywhere.
ask the market makers. Why would SPNG dilute and buy the shares back at the same time? BMAS is very likely to be spng, then you don't make sense with the whole dilution story.
I said read the ibox, you idiot. Kroger in NC, and Win Dixie. I agree it's not a widespread distribution, but they are small company, don't expect to see them in every walmart in the country.
so why is it related to spng?
So then why is this topic even related to SPNG? Doug can do whatever he wants with his money, pumping, promoting. It doesn't mean anything. At least he has the balls to admit what he did and said he didnt like it after. Stop feeding the trolls by replying.
Why the hell Doug would involve in the SPNG's business?
Maybe because you are sitting in your chair, playing WOW and not looking? Look at the ibox and see where you can buy it. They are not multi billion dollars company for their products to be seen everywhere.
It can be anything, SPNG issues shares for marketing firms since they don't have cash on hand. Then those shares get bought back when SPNG has the money. Whatever that marketing/investor relation firms do to promote SPNG stock is their business.
who cares? plus what is his sources anyways. You can say whatever and he still won't believe it. We all know where he stands so stop feeding the troll.
I do consider that scenario, and january is their final deadline. There is no excuse for further dilution
Why Do You Have To Type With Every Single First Letter Capitalized? This Is Not A Headline
and why does it has anything to do with spng? It's basically Steve who's in charge. In addition, SPNG is a corporation, so it's shielded from its officers' past liability.
Furthermore, lawsuit is brought up all the time, do not spread lies until you have a conclusion of the lawsuit.
really? until now you can see it? I thought it's a given for someone with a brain. The stock is so weirdly traded and manipulated by market makers that it will take more than 40million shares a day, which is half the float just to bring it up 15%
As of Dec 9th, with the filing of the 13g, the O/S is still 809m. IF they dilute after that, I dont know, but I highly doubt that.
So then wait until the 10Q and then trash them. You are comparing SPNG with CHCG not reporting their own 5% guy. Im not an expert in 10Q, 10K reporting. You at least have to quote a rule and regulation from the SEC where it requires a company to report 5% or more shareholders, quoting a table of content from SPNG is kinda useless, since you dont know if they will report Doug as one of the holders or not.
Instead of a buyback, they change their 660mm common shares at 40% discount to a some sort of refinancing that reduce the O/S without paying a dime.
In prison
lol, you are helpless huh? They didnt have to file any additional form because they still own that many shares. Since when owning more than 5% have to be listed in the 10k? Doug owned more than 5% a long time ago, and he doesn't have to be listed under the 10q or 10k. If the report doesn't require the company to list the holder then assume so, dont draw any conclusion if you don't know crap yourself. I think only if someone owns more than 10% then they have to be listed.
Now if those guys over CHCG who own more than 5% sell their shares and let it drop below 5%, then they have to file an amendment. If they don't have to file an amendment, then it means they haven't sold anything yet. Your logic is so flawed that it's funny.
lol, no, that would be a terrible idea.
Charts work with normal traded stock, SPNG isn't traded normally.
Yeah.
People expect too much from the 13g, it wasn't meant to trigger a short squeeze. After all, if there is NSS, it is a fact that people own more than the float. The remain is rest upon Mr. Moskowitz to act and no, I don't think it has anything to do with RME buyback.
Actually we don't know that. It's a good speculation, but we don't know anything about it nonetheless. We just have to trust the mgmt on the share issue. If this time they dilute again, don't cling on to the idea of expanding growth.
The risk of #2 is, there are people who will think if there is nothing happening in the next 2 years, should I come back later?
weak longs dont count for much. We may get to 5C with new buyers, then the shorts will just naked shorting the hell out of it. I doubt we will find another Doug Furth.
It won't solve anything. There is not enough buying power. I doubt any old long out there still has money left. Institutional investors balk at most otcbb stocks, especially when they got NSS so heavily.
It's all up to Steve now.
lol, people try so hard to fish it out of you.
scaring people to sell? And there is nothing trigger the short squeeze yet so of course they are not buying.
Ok, whatever you say. Apparently even if a guy files a 13g wouldnt satisfy you. Did he file any amendment regarding changes in his holding yet? No, so at the mean time, be quiet.
Did you see the thing in the beginning? "Once an amendment has been filed," then we'll know if those guys sell or not. Doug won't sell, I trust him more than I trust you for sure.
Although I understand that if SPNG dilutes more in January, we can't do anything about it. But as of right now, the O/S is 809mm.
Yeah, i did correct that with the subsequent post, what i meant was if they file the 13g in group like those guys did, they have to report it. Imagine if on that list, 10 people decide they need to bounce, then they have to file another amendment.
That post was out of time to edit because i kept responding to crashman
#
# Notwithstanding paragraph (a) of this section, and provided that the person filing a Schedule 13G pursuant to Rule 13d-1(b) or Rule 13d-1(c) continues to meet the requirements set forth therein, any person who has filed a Schedule 13G pursuant to Rule 13d-1(b), Rule 13d-1(c) or Rule 13d-1(d) shall amend the statement within forty-five days after the end of each calendar year if, as of the end of the calendar year, there are any changes in the information reported in the previous filing on that Schedule: Provided, however, That an amendment need not be filed with respect to a change in the percent of class outstanding previously reported if the change results solely from a change in the aggregate number of securities outstanding. Once an amendment has been filed reflecting beneficial ownership of five percent or less of the class of securities, no additional filings are required unless the person thereafter becomes the beneficial owner of more than five percent of the class and is required to file pursuant to Rule 13d-1.
Read that, and stop talking. Gosh, i said if you filed in group, your shares is basically locked in, since you have to file an amendment every times somebody in your group sell or buy.
1. Didnt I say because they want to pressure the short by themselves. I told them it wouldnt work but they do it anyways.
2. http://www.sec.gov/answers/sched13.htm
Read the quote: Any material changes requires a prompt amendment. If they do it in group, it will be a pain in the ass.
Here is another link if you are interested
http://www.law.uc.edu/CCL/34ActRls/rule13d-2.html
Read the first paragraph.
No you are an idiot, when those people file in group, it becomes a hassle.
Let me spell it out for you
1. If anyone on that list, i repeat, if ANYONE, makes a mistake or for whatever reason incorrectly filed their holding, the entire group will be in trouble, since they are collectively responsible for one another.
2. You cannot sell for a period of time after your filing a 13g. Any selling that decreases the holding less than 5% you will need to file an amendment.
3. You said you filed a 13D, give me a break, who do you think you are talking to? Im not an idiot, im not an expert, but i know the legal stuff, Im in law school for god sakes. 13D usually goes with a tender offer, it's very troublesome to file one, not just simply state your holding.