Mingy,
Here's a little story for you.
I know a product that was selling in Home Depot. Great product, it was a lock that operated by your fingerprints. It was in all the Home Depots, connected with Black and Decker, and all the talk was about how big it was because it was in Home Depot. I mean, how could being in Home Depot mean anything but a slam dunk, right?
Problem was, the company was cash poor, not meeting their obligations. Missed payments on a loan that essentially had a hold on all of their assets. Tried to use Bankruptcy to get out of the obligation, and keep their product. It didn't work. Now, the company is kaput. Why? Because despite having a quality product that was selling in the top Home Improvement center in the world, the company was broke. Poor management, poor money management. Product meant nothing.
And that company didn't have a Wells Notice, hadn't been accused of anything. It was that easy, and the company was gone. And sure, there were rumors and rumbles about naked shorting there, none of which were true. A hard lesson for some to learn, others were smart and only invested what they could afford to lose...and they lost.
SPNG is in far worse trouble than that other company was. That other company was never sent any notice, never investigated for a thing. And this one is.
Oh, and as far as markup, I'm sure that they were making very good money on each sale. Didn't matter in the end.
Nor will it here, IMO.
IMO/FWIW
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