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Re: lakeside post# 212322

Thursday, 09/24/2009 3:08:54 PM

Thursday, September 24, 2009 3:08:54 PM

Post# of 346917
Thanks for your post. Good queestion. I guess my answer would be that --

1. Public companies, such as spnge, that I have invested in anyway do not let S/Hs really know what is going on behind the scenes because (a) mgmt. is running the company; (b) mgmt. does not usually report interim events; (c) --very important -- mgmt. does of a public company does not want to tip off the competition of any new products, advantage, etc.; (d) with respect to spnge mgmt. does not want to tip off the naked short sellers; and (e) for other reasons I can't think of at the moment.

2. As you know spnge is or should be workng diligently on the reaudit, and getting the 10Ks for 2008/2009 filed. That's foremost. There is not time for "fluff" PRs. The impt.stuff will be in the 10K for 2009.

I will wait, though impatiently at times, for the 10K.
Thanks again for your post. Spino

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