Here's a message I found on yahoo from Doug....(Alfie31555)
RP
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Good Morning 6-Oct-09 10:52 am Well, I for one am really happy that the stock has been halted and that the SEC investigation is in full array. The shareholders need to know the truth about what is going on and whether the company has been telling the truth or whether it is the shorts who have been lying.
The problem for everyone now is that both sides await the 10-K and its contents. This will go a long way toward determining who the eventual winner will be. The shorts, who have been crying the loudest for this investigation, actually have far more to lose than the longs do at this juncture. Could it be a case of "be careful for what you wish for?" We will see.....
The trading halt is good for investors. It will give everyone the opportunity to sit back, take a breath and try to make a better decision as news arrives, without feeling the need to enter into a knee jerk reaction to the firestorm of weirdos who continually try to influence the game.
The shorts would have you all believe that the trading halt is a death blow for the company and that it is further evidence that SPNG has engaged in massive fraud.
But is this really the case? All that the SEC is really stating in their recent release is that questions abound and that they want the investors to have more information prior to having the stock trade again. It DOES NOT say that fraud is there.
So in reality we are all going to see the inforamtion as it comes out.....longs and shorts alike and then the game will resume.
Has the company been lying? The shorts would have everyone believe this to be facutal despite the fact that they do not know for certain. Many have chosen to rush to judgement prior to having the complete set of facts.
I will be watching and waiting just like everyone else. It will be interesting to see. And then the real histrionics can begin in earnest as the 10-K comes out and everyone can see for themselves just who has been naughty and who has been nice.
Hey shorts, do you feel lucky? Maybe you will win, and maybe you will not. But with the stock already at 6 cents, who has more to lose here?
Long or short, all await the news and the results we have ALL been waiting for. That is the best result of all.....the truth, regardless of what it is.
AI
