Doc,
Reality?
The reality being that every argument, to date, presented by the 'massive abusive shorting' believers has been effectively countered. What yourself, and the rest of the 'entrenched' routinely present, amounts to nothing more than the unsubstantiated. Baseless blanket statements. Actual numbers a current unknown. Current status. Across-the-board. While SEC filings represent historical detail.
As for your Bernie Madoff argument? Entirely lame. Bernie Madoff is an individual who, by way of numerous avenues, perpetrated a deliberate series of frauds against a certain set of entities. Being wholly unconcerned about potential repercussions from such regulatory bodies as the SEC. So on. A situation far different relative to SPNG's registered MM's. The long overdue rules/regs. amendments in place. As talked about. Grandfather provision eliminated. So on. FINRA and short position reporting obligations. Semimonthly.
Yourself and the rest of the 'entrenched' being entirely at liberty to think/believe as you see fit. Blinding yourselves to certain, indeed, realities.
The 'black' Friday trading stats entirely fitting, under the circumstances. The panic rush for the exits followed by the regaining of at least some semblance of common sense. The company's tradable float turning over. Largely turning over. A vast number of eyes upon SPNG as market level continued to climb to new heights session-over-session.
None of it being rocket science. Entirely fitting.
The subject having been beaten to death at this point.
The facts to soon emerge.
NOBO + DTCC detail.
And there I'll leave it.
All the best.
Chasing…
Correct.
SPNG's latest trading pattern has been mirroring the major markets/exchanges. Not a difficult read. Overall sentiment being what it is. Better days to come.
Banker…
You hit the nail on the head.
The SPNG market level activity, up to the point of the NFE Conference, lent itself ideally to management's participation. A steadily ascending pps circumstance as management presented the company, its business plan and model, to an institutional level audience. The whole of it fitting ideally. The timing of the NASDAQ meeting and all.
It coming as no surprise, even slightly, that management would be wholly unhappy about the 'black' Friday goings-on. For indeed, following the presentation what would any interested party/parties do but continue to track the company's stock? ROI being what the flighty world of equities is all about after all. Not to mention the impact in terms of the NASDAQ meeting. Senior listing.
A total kick in the head. The whole of it.
Market level now back in the hands of the day traders. Order flow realities. That which MM's work, always, on the basis of. Order flow circumstance. Major markets/exchanges recently stung. The rest of it.
But, absolutely, it's about the longer-term reality. Big picture. And with that said we, again, have from two separate sources the fact of management having come away from the NASDAQ meeting with M&A in mind. Our knowing additionally, courtesy of company IR, that the M&A option is 'always on the table'. Our having discussed the likelihood of market level achieving a sustained $4.00. Or even $1.00. At basement level. Additionally discussing a consolidation of the Outstanding stock. The apparent associated need of changing the company's ticker symbol. And, so, what to do?
Can't win in the basement.
There's nothing graven in stone about what I, and others, have presented of late. Expectations of a bomb of a PR. But it does add up. That management would seek out a merger or an acquisition. The 'creative' variety. Gaining the needed listing while retaining all intellectual properties rights. So on. Quick. Simple. Cost-effective. There being no shortage of 'distressed' NCM components to approach. Being entirely open to a mutually beneficial proposal. Discussions. Negotiations. All available options being on the table.
Everything was hunky-dory up until 'black' Friday. Which changed all. Massively undermining the overall reality. Major setback in terms of where management was headed at the time. Big picture reality. The simple fact of the matter.
And, again, doesn't mean I and others are right. Only that it adds up. Fits the proceedings. Merger or acquisition. Our having to work with what limited info./detail comes our way. Thinking clearly. Paying close attention to detail.
The longer-term reality being what it resolutely is. But unachievable at basement level and, thus, the Conference presentation. Leverage. Senior listing. With the Reuters coverage having emerged. Due diligence completed as talked about. The institutional monies having received the message. Seeing the SPNG light. Big picture.
Time, in the absence of all argument, to leave the BB behind. And via ongoing company growth/expansion? And again...
(Mr. Metter)
"Right now we’re going to go there on the basis of what the stock is going to grow to."
And then came 'black' Friday and the NASDAQ meeting.
No. There's nothing graven in stone at this point. But we need ASAP leave the BB behind and a merger or an acquisition entirely adds up. No shortage of fitting entities willing to entertain such an overture. All involved parties winning. An end to the manipulation.
We shall see.
PM…
Relative to matters of the material, company material events, fiduciary duties dictate that management has an ongoing obligation to keep shareholders up-to-date and informed at all times. SEC rules/regs. Full and fair and timely disclosure.
Anything material?
We would know.
We wait. We find out.
The massive abusive shorting issue.
The M&A issue.
The rest of it.
SPNG = the real deal.
About, that, there's no two ways. But in order to achieve full operating potential the company needs the involvement of the big money folks. And, thus, the senior listing. ASAP.
And graven in stone...
(Mr. Metter)
"The time has come for us to move off the Bulletin Board."
Onward and upward.
AI
