I have no idea nor does anybody else whether this move is a ruse or not. The PR stands, so the deal is at market close 9/22/09 we have 1/100th our share counts at 100 times their value.
I have to believe this move was made after taking some what they considered sound advice from their auditors, their securities attorneys, maybe even the Nasdaq listing board. And I also believe this has something to do with eradicating our short position at a high price on the way to the Nasdaq.
Most of us know that SPNG didn't really NEED to make this move. All systems were on go for an uplisting, so I gotta believe there is some excellent reason for SM and MM to choose this route - or rather to choose this as the first salvo in a series of steps along that route.
I don't feel slapped in the face. I feel a little stunned, for sure, and it took a while for the air to surge back into my lungs yesterday morning at 6 am when I read that PR. But Doog, I've believed in these guys for a long time, and I still think they're taking us somewhere that we really want to go.
But good to hear from you, and all the best.
Denise
