This is the ultimate in disdain for shareholders.
If I was long SPNG, holding a losing position and in need of a tax loss, and I found out that this news was held 3 days......costing me that opportunity......my head would explode. Maybe, after some year-end analysis, I took the loss on something else, holding SPNG only to get this news after it was too late to consider its impact on my decision process. And now, if I could use the benefit of the loss, I don't see that benefit until April of 2011.
I'm amazed that I'm not hearing any shareholders registering this kind of complaint.