SPIN SPIN--- RESPONSE SPINNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNNN!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! BUSINESS As Usual!!!!!!!!!!!!!! Posted by: OldTymer Date: Wednesday, May 26, 2010 12:26:04 PM
In reply to: Letgo who wrote msg# 320623 Post # of 320632
Letgo, let's just say that as of right now, SPNG appears to be in a little bit of trouble. lol. The continuation of their business doesn't look too promising.
As far as the supposed NSS -- it doesn't matter. Huge NSS, no NSS, it's all a moot point from my perspective. I have always stated that even if there were 2B illegally shorted shares in SPNG, who's going to make them cover? In the history of the stock market, who has ever forced the MM's and brokers firms to cover any NSS? No one that I know of. Why would the SEC start now? Besides, I think everyone has had plenty of time to cover any NSS they may have had? But in the end it doesn't matter. No one has ever forced them to cover, so why would they worry about it?
As far as Knight goes, they've pretty much always been the big boy on the block. They're very aggressive. Knight and other MM's have been punished quite a few times in the past. They pay a fine, that's about it as far as I can see. Part of doing business. If they are doing illegal things, who's stopping them? The SEC? It's not that I never believed there could have been a rather large NSS in SPNG, I just never believed anyone was going to force a cover.
That's why when you see companies across the board claiming it's the NSS that's keeping the stock down, it's just b.s. The owners of these companies know that even if there is a large NSS, no one has ever forced them to cover in the past, and they most likely will never force them to cover in the future, so why claim NSS is the reason your stock is languishing? Just part of the scam, like having a gagged t/a. And the beat goes on.
