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07/24/09 12:17 PM

#147524 RE: ozz112 #147238

more:

from NAR:

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&;bn=63817&tid=219148&mid=221072&tof=12&rt=1&frt=2&off=1


from the_worm06:

http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=tm&;bn=63817&tid=219148&mid=221078&tof=12&rt=1&frt=2&off=1

NAR so you agree that there are 415,327,000 shares that were issued to RME during the 3 months ending Feb. 28, 2009 that are unaccounted for by SPNG. That settles that point.


next


you state that the amount that was booked in the Balance Sheet for Feb. 28, 2009 in the account of "additional paid in capital" should have been $1,297,885, but instead $1,604,298 was booked (a difference of $415,327) and that the difference is only a "typing clerical error". Well guess what, the reason you are wrong on this is that this is a Balance Sheet and a typing error would show an unbalanced balance sheet, which is not the case...

therefore my statement that all the evidence provided by SPNG in the SEC filings shows that 415,327,000 SPNG shares were issued to RME at $0.001/share and that these shares have been unaccounted for in the share count of both Feb. 28, 2009 and April 16, 2009 continues to stand.

regards,

the_worm06>>>>

<<< So, what about that gagged t/a? Hmmm..

Ot, was this just sloppy accounting on SPNG's part? An honest slip-up, what with all the shares being granted, retired, etc etc......
Time to hear from the company on the matter, don'tcha think? Seems like these two guys are onto something.