I guess the brilliant market makers on this stock didnt get the memo that SPNG had $70 million in first quarter revenues. They dont care because they will do whatever they damn well please with regards to the share price with no rhyme or reason. That is exhibit 1A why the company needs to get off of this exchange as soon as possible via a reverse split. Who would want to sit through this nonsense for another year while we wait to get on the NASDAQ. The stock should have been repriced at a higher plateau if it werent for the blatant manipulation of the MM's. It will be repriced once on the NASDAQ. A PE of 10 for a company with 900% revenue growth is absurd. But then again the market makers on this exchange dont care about PE ratios so it is a moot point. The big money will roll in once SPNG is on the NASDAQand fundamentals will be the primary reason.
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