InvestorsHub Logo
Followers 0
Posts 11614
Boards Moderated 0
Alias Born 08/23/2005

Re: help me post# 167750

Tuesday, 08/18/2009 11:53:07 AM

Tuesday, August 18, 2009 11:53:07 AM

Post# of 346917
The fact that PR's have subsided and volume is dropping of a cliff could mean 3 things to me:
1. they ran out of shares to sell and are now waiting for the next batch (A/S increase) to be release with a new set of opinion letters.
2. they already sold all shares OS now 2.75 billion, they need to increase the A/S again.
3. The SEC is taking a closer look at them and their(SPNG) lawyer told them to take it easy for a while. Or they can't get anyone to issue opinion letters anymore.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.