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puppydotcom

02/14/10 11:01 PM

#294619 RE: john651 #294616

I guess you could be right, but if Pike thought the pps would go above 0.10 then why?


why do you think Pike bought 40 million shares after the suspension?

because soon after his buying spreeeee .. the PPS started tanking
and today trades between .025 to .0275 average
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reginoo

02/15/10 11:44 AM

#294729 RE: john651 #294616

John, if the Pike money management firm was always correct on its investments in stocks, then by now, all the known money in the world would have approached them to manage it. Trillions and trillions of dollars.

The fact is that all money management firms are wrong once in a while, even the famous Paulson firm and George Soros's firm.

What has yet to be clarified is how Pike obtained the first 100 million SPNG shares, whether through buying in the market or from transfers directly from other "parties".