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Virtual Drew

10/01/09 4:11 PM

#222539 RE: riverandfold #222531

Actually, I think what they are telling SPNGE is...

"Take this LAWSUIT and SHOVE IT!"
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Soapy Bubbles

10/01/09 4:12 PM

#222542 RE: riverandfold #222531

That's life on the OTC for ya...
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albus

10/01/09 5:04 PM

#222671 RE: riverandfold #222531

SPNG could have been a third party benficiary to the payment, in which they could be entitled to direct payment back tothem since the benefit of the payment from RM was to flow to SPNg -- in theory
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starfire

10/02/09 12:11 AM

#223093 RE: riverandfold #222531

they would short the stock to reduce the price and hence end up with a lot more shares of the target entity. this is a very common practice in capital markets!!!