Reuters is showing SPNG had increased sales growth over the trailing 12 months of 2,103.6% - beautiful.
should you call them and tell them spongy has not filed since feb 2009 ( the date their info was based on ) and have been suspended by the SEC and under formal investigation .. now trading on the Grey market
Libra, you do understand that all of these reports are based on financial statements that are being questioned by the SEC.
These would be the very same financial statements that Robison has yet to sign off on and proceed into filing the delinquent filings.
Any reports based on the last known filing is useless as the business has changed since that filing and is not reported for analysis. The O/S could be 3X what was last reported or 1/2 what was reported. Sales could be $50 Million or they could be $2 Million and there would be no way of knowing which was accurate until Robison reports out their findings.
This is a penny stock trading on the Gray Markets with a dark cloud hanging over the company due to management decisions. Those are the only facts that all can agree on.
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