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Monday, January 03, 2011 2:56:50 PM
As sunspotter put it, "A canadian hedge fund" bought $250K worth of PR for this stock. One can't say anything about whether they would profit more from an up or down movement in the stock, because a hedge fund could profit from a move in either direction.
The people trying to buy SPPH have declared they want to take the company private in the company PR. They have also declared that they are going to be buying shares in the open market. So what helps them? A Low stock price helps their money go farther, so it also helps the merger.
Spencer wants the merger according to their PR. They don't have to pay much for a press release, and certainly not $250K. The extra PR money is certainly not coming from the company.
A press release coming from the company is almost free. But all of the pseudo stock picking firms don't know you're alive unless they get paid to notice. The statements from the company don't figure in that $250K. But there's quite a buzz out there from people yelling "Lies", "Pump and Dump" and "Criminal" and all kinds of other junk a person could not really say without serious legal exposure, but they go ahead and say it any way?
So make your own determination. Look at the players. Look at who benefits from each statement you read from each point of view.
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