Mac,
It was a well written piece, heavy on the detail, but I believe his point may have been arrived at late in the going. Maybe you didn't get that far.
The Lazauski (Lazauskuses?) apparently were granted until the end of April to sell their SPNG shares to cover the judgment due. Their basis for that timing was an implication that the SPNG shares couldn't be sold until then BECAUSE one of the requirements for selling those shares under Rule 144 is that the issuer of the shares be current in their filings. The author concludes from that that we can expect SPNG to achieve a current status in their filings by April 30, if not sooner. So it's not the selling that's a good thing, it's the achievement of a long awaited prerequisite that's a good thing.
I don't know that I agree with his conclusions...or the credibility of the players making the promises, but Fred deserves a lot of credit for his efforts.
ps. A while back I noticed, and posted, that the PR that announced the insider purchases of some 18,000,000 shares (if memory serves) actually reflected, in large part, shares held in the account of Mrs. Lazauskas. Fred's work shows that the shares were actually bought for the account of FL....and he transferred them to his wife shortly after finding out that this judgment went against him. He then tried to get the court to exclude his wife's shares from the settlement. The judge didn't buy it.
