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Re: None

Wednesday, 06/24/2009 12:02:25 AM

Wednesday, June 24, 2009 12:02:25 AM

Post# of 346918
Crodad,

Affirmative.

The simple reality being that we know not precisely when the 'black' Friday short positions were opened. But simple logic dictates that it was near the 'top'. And closed at, or near, the bottom. Our having heard that the involved parties are now holding tight. And, wholly understandable, same is. Speaking volumes.

PM...

Time to relax. Emotions and equities don't mix. And when it comes to the flighty world of equities, in general, there are never any guarantees. Not from SPNG. Not from MSFT. Nor any other such. Always a case of risk/reward.

As for the JWgreensheet question?

The involved rankings are updated weekly. A simple matter of the statistical. How difficult is it? You really need to slow down. Management having already informed shareholders of intent to seriously ramp up the marketing budget for fiscal '10. Getting the job done. The company's products out the door.

And, yes, I can read. My being aware of Doc's response. I had to pick up a few groceries. The bunch of us do have lives outside of these boards, hmm?

Time indeed to relax.

The reality being that, relative to the massive abusive shorting issue, there are a great many very entrenched viewpoints. And, earlier, I presented a challenge to the board in the form of asking any interested party/parties to kindly point out, graphically, just and exactly at what point(s) there transacted all the supposed abuse. A challenge, far from surprisingly, having gone entirely unanswered to date. Not so much as a single response. And because the evidence just isn't there. Not when the abuse issue was first formally raised and not now.

And, yes, there's the talk of D. Furth and company. The purported holdings. The hearsay. And...

'My firm Lebed Biz LLC was compensated by a third-party (Doug Furth) 1,250,000 free-trading shares of SPNG for a one-month investor relations contract which has since expired.'

D. Furth and company proceeding in line with vested financial interest.

And still holding the purported collective position?

Enough said.

Additionally, we have guesstimated share structure numbers based on the facts as we currently believe them to be. Nothing verifiable. Not knowing how management has proceeded, been 'forced' to proceed, of late. No PR('s) on the subject. No filing(s).

And, yes, on 'black' Friday we saw significant volume. Tradable float turning over. Largely turning over. And understandably so.

And as for the shareholder base?

Well, let's consider the recent run-up. And exactly how much investing/trading principal would an SPNG position of just one million shares priced at, say, $0.20 require? The average cost basis reality being what it is. Compared to the earlier reality. From the bottom.

The bottom line being that there's no shortage of pure speculation afoot. Hearsay. Lack of verification. But, undeniably, the trading pattern does not support the abuse contention. Neither SEC rules/regs. realities. Grandfather provision eliminated and all. So on.

With, now, a formal investigation underway. At long last. The company's NOBO list. The DTCC clearing detail. The facts in the offing.

Just whose viewpoint accurate.

And do try to relax. Getting a grip.

All being well.

Rdaily...

I think fast. I type fast.

Though, sometimes, my typing outpaces my thinking.

wink

And thanks.

Jeff, et al….

On the question of the Authorized we have a case of being prepared. Hostile takeover attempt. M&A. Senior listing. More.

As for Accounts Receivable?

Again...

'Accounts receivable have been adjusted for all known uncollectible accounts. As of February 28, 2009 and May 31, 2008 there were no doubtful accounts. International accounts represents sixty-seven per cent of total receivables as of February 28, 2009 and approximately seventy per cent as of May 31, 2008.'

As for OTCBB outfits achieving a senior listing? The NASDAQ?

Well…

(2008)

Total new listings:
177

Amex & NYSE Switches/Dual Listings:
61

Initial Public Offerings (IPOs):
26

Upgrades from Over-the-Counter:
45

ETFs, Structured Products & Other Listings:
45

A simple need of focusing on the best and forgetting the rest.

SPNG is headed upstairs.

Quick. Simple. Cost-effective.

Massive ROI.

Stay tuned.
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