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Re: None

Wednesday, 02/08/2012 6:52:19 PM

Wednesday, February 08, 2012 6:52:19 PM

Post# of 6773
I'm not in SPKL but have been watching. Today's 8k is interesting. Think this amounts to a hostile takeover?

"On February 8, 2012, the registrant received notice from the lenders that they would sell the registrant’s assets to the highest qualified bidder in a public sale to be held on February 21, 2012 at 10:00 a.m. Mountain Time at the offices of Davis Graham & Stubbs LLP in Denver, Colorado. If the lenders are the highest bidder and a deficiency remains, the lenders reserve all rights and remedies with respect to other assets and property of the registrant. The lenders also reserve the right to refuse any bid for any reason whatsoever and the right to postpone, adjourn, delay, discontinue or cancel the sale for any reason."
(my emphasis)

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