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Post# of 346918
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FinancialAdvisor

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Alias Born 06/16/2004

FinancialAdvisor

Re: None

Tuesday, 06/23/2009 9:07:31 PM

Tuesday, June 23, 2009 9:07:31 PM

Post# of 346918
SPNG book value is .016 as of the latest unaudited 10Q (as of February 28, 2009). I'm thinking a retrace back to 3x that, if not even lower is feasible. SPNG was trading less then book value on Feb. 28, and even depreciated less then half the reported book into March until bottoming at .006, why would it be allowed to trade at such absurd price/book values if the company was known to be profitable at the time and trading well under book value?...


HI-HO SILVER !!!

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