Spencer Pharmaceutical (SPPH)

[groveswise]

Sco-jo...

Not to quibble, and not to say this is or is not a scam...you state in your post " Al-Dorra now owns “an aggregate of over 55% of the…shares in the company”". This is not what the PR stated.

The PR stated "In further news, the holders of an additional One-hundred and three million (103,000,000) shares of common stock have agreed to tender their common stock in favor of the Al-Dorra buy-out and its subsidiary Hail First Pharma. This represents, in addition to management's shares already committed, an aggregate of over 55% of the issued and outstanding shares in the Company".

I read this as 55% of shareholders have agreed to support the buyout plan...not that Al-Dorra or subsidiary own those shares.

How am I wrong?

G