News Focus
News Focus
icon url

ttattletell

12/24/09 10:56 AM

#271674 RE: OldTymer #271669

SPNG has been delinquent since 2008 so I would assume DE has contacted SPNG and asked them to pony up...DE might be in the process of booting SPNG as we speak...

The rumor of tax loss selling in regards to the recent higher than usual volume could/might be people in the know getting out before the end of the year because of DE revoking SPNG on Dec. 31st...
icon url

loanranger

12/24/09 11:07 AM

#271680 RE: OldTymer #271669

" Something doesn't add up here. Doesn't make sense that they would let SPNG go this long while still owing that kind of money."

O&T......
Completely agree. There is NO obvious reason for them not to have filed, which would have been using the proper method, resulting in a significantly lower tax. The idea that they would accept an extra ~$150,000 in tax liability for 2008 just to avoid disclosing o/s numbers as of 5/31/08 (when filed on 3/1/09) doesn't cut it. And it doesn't cut it for 2009 either, given that the filing itself, which would reflect the 5/31/09 o/s(whatever that is), isn't due for another couple months.......their only obligation for 2009 so far is for estimated payments.

I'm waiting for someone to tell me what we're missing.