Here is some info on those subscription rights. They expire end of month if not extended.
The subscription rights are transferable, and we anticipate that the subscription rights will be traded on the OTCQB marketplace under the symbol “SPCGR.” We expect that subscription rights may be purchased or sold through usual investment channels until the close of business on the last trading day preceding the expiration date.
The rights will expire at 5:00 p.m., New York City time, August 31, 2012, unless extended as described herein, which date we refer to as the “expiration date.” We may extend the period for exercising the rights in our sole discretion. You will have no right to rescind your subscriptions after receipt of your payment of the subscription price except as described in this prospectus. Rights that are not exercised prior to the expiration date will expire and have no value.
The purpose of this rights offering is to raise capital that will be used to fund a portion of our obligations under a securities purchase agreement that we have entered into with Afinsa and Auctentia. Pursuant to this securities purchase agreement, we have agreed, among other things, to purchase 18,642,067 shares of our common stock that are owned by Afinsa and Auctentia. This rights offering allows us to raise equity capital in a cost-effective manner that gives all of our stockholders the opportunity to participate.
