well spng isnt likely to stay in this range forever...its not in this range by accident or as a result of normal trading...most everyone agrees with that..
and it doesnt make any sense that its in this range because m/m are buying hundreds of millions of shares as some have ridiculuosly suggested..
short covering would also cause a spike in the pps as would any buying in the amount of hundreds of millions of shares...
and no one can really flip spng in large amounts..only in small increments..if at all....
i have been waiting for the negative people to come up with a sound explanation...but a lot of them have stated they dont know..the rest have managed to come up with nonsense...
there has been nonsense from the pro spng people as well...and as much as i hate to admit it, stoxmagic's scenario in his most recent post is plausible...i have never cared for his posts, but i have to say he does appear genuine...he seems to be posting what he hears and posts as if he belives it...it hasnt all been accurate and he doesnt insist that it is...he says not everything he said has come true because circumstances keep changing as the situation progresses...he doesnt argue for days trying to make his inaccuracies appear accurate as many others here do..he simply says things changed and went in a slightly different direction..and that is very believable..
stox says there are nss here and they have made a deal with spng (with the assistance of the sec) to cover in an orderly fashion without driving up the pps...and here we are trading inexplicably between .04 to .05 for quite some time...
why would shorts agree to such a deal?..they really have no choice..and its better than almost any other alternative..
why would spng agree to such a thing?...because they screwed up also and did things they could have recieved sanctions for...it was the lessor of two evils..
why would the sec agree to the deal?...because its an easier, faster, more efficient way to settle the issue...quietly...
i think the ny post did spng a hell of a favor although that was most certainly not their intention...but it did get the sec off their dead azz and got them looking for a way to end the issue quickly...
so yea..stox's scenario is plausible...very plausible..its actually the best ive seen yet..and like i said, im not a fan of stox but i believe he believes what he is saying is true...
i never believed that there were billions of air shares out there but i beleived they might exists in fairly large numbers...i also never believed we would see a morass...and evidently we wont..
so after its all said and done, its all about the 10k, 10q..if they are good and sales are what they have said in the past and continue upward as they have been, then yes, .30 is certainly not unreasonable...
actually, spng had quite a following before they gray's...the initial pop upon release of the 10k, 10q could be high and with traders flocking back to spng the pps could rise to a dollar easily...i doubt it will sustain that level but who knows?...
AI
