Thursday, November 21, 2013 1:31:41 PM
SPNG pumped the stock dauly with erroneous Pr's and signed contracts to advertise in during on the rotating screens at televised MLB games and on in NFL stadiums that appeared on network tTV as well. They later got sued because after getting the exposure they never paid on the contracts.
They used all this pumping to run the stock up to nearly .30/share and then sold nearly 3 billion shares that did not exist into the open market--essentially short selling their own stock to the tune of nearly $500 mil and never covered the short sale--they had an attorney wrrite an opinion letter that the shares were legit as a part of the scam.
The presence in Costco is the only similarity between SPNG and MDHI.
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