Simply put: "Smoke and Mirrors".
There's certainly plenty of that going around, but this appears to be the uncompensated transfer of a business entity. Apart from the inability to assign it a dollar value it's no different than the actions that you wanted to put people in jail for yesterday. Mind you I'm not recommending that in this case, but it's not an SEC issue except to the extent the transfer has gone unreported. Until it's otherwise explained, the SPNG shareholders have made a donation of unquantifiable value to VAEV. Which might be fine with some, but the fact that both firms have some common management and directorship makes it, at the very least, one step beyond mere "smoke and mirrors".
