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pragmatist

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pragmatist

Re: bag8ger post# 181579

Tuesday, 09/01/2009 1:18:41 PM

Tuesday, September 01, 2009 1:18:41 PM

Post# of 346917

???Is there anybody proficient with accounting that can answer this question: Is it at all strange that SPNG added positive $9.7 million to the Cash Flow statement for giving away stock (drastically affecting the $1.29 in net cash flow from previous 10Q)? Is this standard practice? If not, is it possible that D&T would have an issue with this?

Issuance of common stock for consulting fees, loan payments, advertising, and other
9,722,405

Not bashing, but concerned about this. 100k shares long and holding, for now.

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