overachiever, you are so tunnel visioned!...
SPNG DD: MUST READ FOR POTENTIAL INVESTORS.
SPNG has a lot. Let's look at all the things they have.
A 3 billion A/S which has been raised over and over again while the transfer agent was gagged to keep all the ignorant shareholders blind as to the outstanding share count.
(A move to nail the shorts! Brilliant in my eye)
400,000 dollars worth of liability for hot checks. Even Charles Ponzi was never charged with hot check writing. COO Moskowitz makes his name in the world of scamming.
(That was done to confuse the shorts. You're not seeing the big picture here. Plus, at least SM is making a name for himself!)
Liability for forging "over 100" legal opinion letters which they used to dump hundreds of millions of shares of unregistered stock onto the public. They sure scammed that lawyer who's signature they forged! Yep. What a dynamic duo Metter and Moskowitz turned out to be.!
(My sources tell me it's under 100! I don't think they dumped them. I believe they retired them to the treasury)
Liability for falsifying financials. Lots of con men penny stock operators have done that but SPNG did it with style! The numbers exploded out of nowhere.
(We don't know they falsified financials. The SEC only 'thinks' they may have. And you do admit, they have style. Sometimes that's more important then substance!)
Liability for Refusing to file their 10K and 10Qs which sets the stage for the company to have its registration revoked. The stock will then no longer trade and will have a market value of zero. Any con man dreams of wiping out his marks. SPNG is well on the way to doing exactly that.
(Again, you don't see the big picture. NSS. It's all about NSS! Never let your enemy know what you're up to. And never let them see you sweat! Plan is working as drawn up)
Liability for lying in PRs while dumping hundreds of millions of shares of unregistered stock onto witless naive investors,. Hehehehehe If you ARE GOING TO LIE TO THE SEC, WHY NOT JOE SHMOE?
(overachiever, what am I going to do with you? They accidentally on purpose gave us incorrect numbers to the people illegally shorting this stock (by at least 2B shares), to give them a false sense of security. I happen to know that they did not lie to Joe SHMOE)
Liability for Creating fake customer list which supposedly accounted for up to 99% of total sales
(No, those customers do exist. They didn't give out the exact contact information because they knew if they did, those companies would be under seige with phone calls and emails. Besides, I'm sure they had an agreement with those companies that they would not give out their ID's?)
A stock which was suspended by the SEC,
(Uhhhh. Well...okay, you got me on that one! Lucky guess)
Trades on the grey sheets, which puts them in an exclusive club of companies known for scamming the public
(Well...okay, got me on that one, too. However, being on the grey sheets does not mean they are scamming anyone. Remember the NSS? There's a reason they drifted off to the greys! <--- That's a hint.)
A Well's Notice, which means the SEC has notified them of their intent to sue for securities fraud. Not many companies have one of those.
(Did they really received a Wells Notice? Huh? The SEC never said they sent SPNG a Wells Notice. It was SPNG that said it, and because you don't trust anything SPNG says, how can you be sure they really got a Wells Notice? Think "NSS." And even if they did, at least they're in rarified company!)
They are getting sued by the NY Mets! That should be valuable to any baseball fan potential suitor who would like to meet Fred Wilpon. Maybe he could get an autograph when they meet in court.
(Sued by the Mets?! Bwaaaaahaaaa! Meaningless lawsuit. Bogus at best. Mets are crybabies. Waaa waaa!)
Getting sued by Madison Square Garden. Once again, this is an exclusive situation. Not many companies can boast they scammed one of the most famous sporting forums in the world.
(Sued by MSG?! Bwaaaahaaaa. Another meaningless lawsuit. They violated their terms of the agreement. Clear to see. No brainer. And even if they did short change MSG, at least it's a top notch company, not some bottom of the barrel company)
Liability for unpaid royalties to the company which produced their television commercials. They are getting sued for this too. Where else can you find a scam that is getting sued by so many of it's service providers?
(Oh pullezzzzz! This company sues everyone they deal with. They'd probably sue their own mother! Oh wait, they did, a few years ago. And they lost! I'm sure SPNG is not setting a world record of getting sued. If you did just a little DD, you would probably find a lot of companies getting sued by a lot more companies)
3 Class Action Lawsuits. Yep. SPNG has not one, not two, but three class action lawsuits filed by disgusted wiped out shareholders in which this unique investment opportunity has been accused of lying, cheating, falsifying financials and otherwise engaging in general bad behavior. Not many stocks out there you can buy which have 3 class action lawsuits against them
(Talk about bogus! Notice the number of plaintiffs. What is it, one for each lawsuit? Or is it one for one lawsuit, and none for the rest? These are ambulance chasing sleezebags who dreamed up the suit first, then decided to try to go and find some plaintiffs. Like putting the horse before the cart! Or is that the other way around? Oh whatever. There is no basis for these charges. Everything will be explained away. Just ask stoxmagic!)
Yeah SPNG has a lot. A lot of liability.
(But, they are debt free, long term!)
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