Spencer Pharmaceutical (SPPH)

[sunspotter]

"I wonder why would they not be listed on the directory, and why was I not allowed to see their office?"

I suspect because it's purely an accomodation address; it's common practise for companies that want a professional-sounding address to rent the services of a receptionist/telephonist, and perhaps to be able to use the shared meeting rooms occasionally.

Another poster recently mentioned that the person who answers the number given for Spencer Pharma also does the same job for all the other companies with "addresses" there, which is standard for this type of operation.

And SPPH's crooked CEO, Dr. Max Arella has himself said that the reason they have a US address is so they can have a Pink Sheet listing:

"The company has a lease with a business center at 8 Faneuil Hall Marketplace, in Boston. This address is the legal U.S. address for the company and may eventually become its permanent and physical address in the future......

The company needed a US address since the company is a Delaware corporation as well as being listed on a US exchange."

http://ih.advfn.com/p.php?pid=nmona&article=45157528

(Mind you, Arella only issued that information when it became clear that people weren't buying his previous lies, where he clearly wanted potential "investors" (or "marks", as he doubtless calls them) to believe SPPH conducted research in Boston, whereas we now know they don't conduct R&D anywhere (although they do claim to pay a Montreal University to do this on their behalf).)

And it must be said, if you want a listing that will enable you to defraud retail investors, then the US Pink Sheets are the best in the world.