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wadirum1

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Re: happyguy72 post# 250296

Saturday, 10/31/2009 11:29:57 AM

Saturday, October 31, 2009 11:29:57 AM

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Happy,

You said that since SPNG is on the grey market their filings are voluntary, and this makes you wonder why we are seeing the ownership filings.

I'm not sure I agree. The ownership filings are primarily the responsibility of the persons or entity owning the shares. And SPNG has not been de-registered. So, while SPNG might be behind on their filings, I would think that owners still have a requirement to file their forms on a timely basis.

But I'm not a lawyer and would be interested in knowing if filing ownership on a grey market stock is voluntary.

Wadi
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