oh yeah price came down fast alright...

...from Sept08 at aprox 200,it went to
800 in Oct
400 in Nov
and didnt get back to 200 UNTIL MARCH 09

SIX MONTHS LATER ! !

They all scrambled for shares to cover because Porshe was buying VW out and there were no shares left becasue the shorts didnt LEGITIMATELY short!


those that had stock sold it at 600-800 to the naked shorts scrambling to cover

And that is your accusation?

What proof do you have that the company was doing that so i can foward it to the SEC for review?

What are you going to say? That it is obvious?

gEEZ...I GOTTA SPELL IT OUT FOR YOU?




"there are not enough shares available to bring the share price back down"


Well...when you short a stock, legitimately, you need to actually 'borrow' the stock shares from someone who holds it. You then sell it(go short) and buy it back (hopefully at a lower price) and deliver the shares back to the original owner/holder.
Obviousy, too many hedges/brokers 'sold' shares they never 'borrowed' (hence, they sold naked) because they didnt want to pay price to borrow shares. If they had all bothered to find the shares to borrow and sell short, they wouldnt have found enough shares to sell because Porshe controlled most of them!!! But they didnt want to pay porshe the premium to borrow, so they sold without borrowing and got caught trying to cover their naked short shares.

Maybe the securities community should stop allowing the naked shorting and force borrowing and stop ripping off the public...

You ask..."You see anything about "NSS" here?

http://www.reuters.com/article/businessNews/idUSTRE49R3I920081028

And it happened in Germany.


Yes I do see NSS here...from article you cited...

"The problem is, from a fundamental point of view, shares are really overvalued. But when the short squeeze comes to an end, there are not enough shares available to bring the share price back down," said one Frankfurt-based analyst.

and

The "mother of all short squeezes," as one analyst phrased it, led to an investor outcry alleging that they were duped by Porsche.



Guess why there werent enough shares available? because Porshe bought most of the shares and a bunch of hedgies maxed themselves out naked shorting it. Porshe had control of most of the shares, yet hedges WANTED to short without getting available shares to short...they went NAKED TOO FAR..and got burnt.
Moral of the story: DONT SHORT IF YOU CANT COVER and DONT DO THE CRIME IF YOU CANT PAY FOR IT

Seems like UBSS keeps coming up with some to sell too...but never buying...?

Good news with the retirement of shares.

Mr Market says..."Ho Hum (insert big yawn here)"

GMD and others...

I can understand that it could be illegal to try to 'trap' the short (if there is a naked short...)

HOWEVER, this is not a legitimate short....it is said to be large and NAKED. hence their position (being so large naked) is/should be considered illegal. If the short starts screaming here after a MOASS, what can they scream about? "FOUL, FOUL the company trapped my 200 million share ILLEGAL short position I was hiding!!!!"

To me its a mute point anyway; I think there is a bigger chance that the short/trading activity is coming from some sort of insider anyway (not necessarily the CEO or CFO) but probably attached to RME somehow. They know exactly what is going on, has some dirt/control on SPNG management and SPNG keeps issuing shares to keep things in check until they are ready to move the stock. IOW, 'I feel I am being played.'

"SPNG stops trading on the Frankfurt exchange at 8PM Frankfurt time.

This is 2PM NY time.

Could be that dissimination of news is waiting until after then."


GOOD CATCH. INTERESTING (POSSIBLY TRUE) THEORY.

PR was probably that they were going to issue 100 mil more shares this week and thank you for the coin.

I called and it is true. 615 mil O/S

Geez Carp, give it a rest already. The dilution continues.

Page 9 of 10K

They do not have to report their holdings (even over 5%)

They did not just show up. They come and go. They have been a little more active recently tho, but usually on the bid only. Today was the first time i have seen them on the ask. (altho it was only for a short time.)

Thats fine. BUT, QoQ its not that much of an increase, yet its 30% dilution. Way too much.

If there is more dilution with that rev/profit, then it will simply raise too many red flags. Do you know if there is more dilution coming after Aug 28? Dilution has to stop when a company is making what they are. They should be able to get the bank loan, and i cant even fathom what the excuses will be if time passes, the following 10Q is diluted to 800 mil, another 8k is issued, and they still dont get the bank line.

Just have to wait and see. Management's history speaks for itself. Hopefully it will be different this time.

There you go. Your welcome

No you are misunderstanding me. I never expected them to get a 'bank' loan'. I did expect a better alternative on the share issuance. It did not have to be below .02
If management is so positive about the future, why not do the finaning with their own RM Ent @ the 30 or 60 day avg share price if they planned on buying back at this price anyway?

Why not loan the money if they are so confident about AR being collected?

That makes a statement on how you feel about the company. With the restrictions on this stock, it could be getting sold (when available) and they do not have to tell you.

Instead they have made the market cap go from 8 million to 18 million in a month and the investors are speaking up. They sold stock the last 2 days. That is NOT being a management for the investors. I am only saying that because thats what they claim, not me.

My investment has gone nowhere, yet the company has grown substantially. That is not being investor 'friendly'. I understand they are a small startup with not much capital, but the dilution must stop now with that 10K. I am looking to the future now. This is their chance.

Not that undervalued. market cap is $18 million

If they buyback or stop diluting, it might get undervalued.

Managment giving us no reason to buy stock right now unless they can publicly say they have a bank loan approved, can go at least ONE month without more stock issued, or say they have collected AR (PR or 10Q).

No. More lies. Only about 37 million in orders. Im not saying they wont get more. probably will. But they need to stop diluting my friggin shares. NOW

Not true. Banks will check and see if the AR is being collected to date. Not just because its in AR as of May 31.

I still want to know why they had to do another 120 mil shares @ .02 when they couldve did a loan. That pissed off a lot of people. Just more dilution of shares and killed the market cap to hold the price down. Management is just as manipulative as the MMs. Yet they claim to be for the small investors. Well then they should show it.

What?!?!!? They do NOT have $56 mil in standing orders!!!! where do you guys get this stuff? Its about $37 mil right now?

Do you know for a fact that they collected the AR? DId Steve or Mike tell you? or are you 'guessing'?

I stick to the facts...and apparently, due to this management's poor decisions so far, the market is also.

Carp, It they DONT get a bank loan soon, expect to be diluted to DEATH. That is the real concern here and why a lot of people are selling out. Guess what happens when they use the whole 800 million ? They have already used another 120 mil since 8K...only 280 mil left.

10K came and went and no follow up news. Management clearly just let the 10K ride thinking it was all good.

Fact is: it was not.

There were too many red flags that investors can either believe the management to address or not. 120 million additional dilution, most of the 4th qtr in AR, and too many mistakes in the 10K is not what most investors like to see and outweighed the 'good stuff' (which was already told to us in the shareholder update, I guess they 'forgot' to tell us with the Q4 rev update that they were diluting another 120 million shares...slipped their mind...all about credibility and there aint none here anymore)

And NO Im not a basher, the stock has already plummetted to .034 x .035 No more bashing needed.

The current market cap is $ 20 million - more than fairly valued right now based on dilution schedule that has continued and does not look like is stopping anytime soon..

Plain and simple - if they 'cared' so much about the small investor, they will stop diluting at under .02 and show us they care more with a loan instead. Have some confidence now in the company they 'know' will be profitable.

We have you ignoramus... Here is a cut/paste right from page one of the 10K report out on Aug 29,2008

The Total Outstanding is :



"As of August 28, 2008, the issuer had 521,085,873 outstanding shares of Common Stock."

That future $30 mil in orders is just not trusted by the investment community yet. This co has put alot of PRs out in the past (over a year ago) that didnt get filled immediately. They are just starting to get filled this year (2008). The company also has not had an audited report yet this fiscal year. Thats why the 10K is so important for alot of people. It will show that the orders have been filled and the money is there from a third party entity.