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patchman

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patchman

Re: liable post# 236068

Wednesday, 10/14/2009 12:49:26 PM

Wednesday, October 14, 2009 12:49:26 PM

Post# of 346922
Well, Since the SEC notified SPNG on the 18th of the investigation, you have to wonder whether they started shorting it from then on. For a September 30 settlement date the last trade date for the short sales is Friday September 25th.

The 8K they filed about the investigation was accepted by the SEC at 2009-09-25 17:26:24 - AFTER HOURS as was all reporting on that investigation. I wonder if there was some insider trading going on.

September 15 settlement date showed a short interest of 239,511 shares.
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