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ThePennyTrader

06/05/09 1:38 PM

#100572 RE: Mingy #100571

$178 .... no.
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TradeWithFury

06/05/09 1:44 PM

#100578 RE: Mingy #100571

I wouldn't mind 400x .10. I would never work again in my life and I am only 29. Everyone has a right to dream.
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alien42

05/25/10 12:57 PM

#320543 RE: Mingy #100571

SPNG would trade $178.00!!!!!!!!!!!!!!!!!!!!!!!

speaking of the 'good ol days', lol.

i always chuckle at the dollar predictions but i believe this $178 pump takes the cake as the most absurd of all time.
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MorningLightMountain

08/17/11 10:21 PM

#336278 RE: Mingy #100571

missed it by "this _ much"

PRICE PROJECTIONS, Read this SEC link middle of page 3, starting with "then suddenly". This squeeze of the shorts took the stock to a price per share that valued the company 400x revenue.

If spng does 6m a week in sales, x 52=312m annual rev. X400 and divided by share count, using same valuation the universale express short squeeze lead too, and SPNG would trade $178.00!!!!!!!!!!!!!!!!!!!!!!!

My point is, its very possible for this thing to trade $15

www.sec.gov/comments/s7-08-09/s70809-364a.pdf