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igotthemojo

03/10/10 6:37 PM

#301751 RE: overachiever #301747

"SPNG is likely to be facing over 200 million dollars in liability"

200 mil?..lol..oh my.....spng owes money for sure...but not 200 mil...hahaha...
if they pay the bills, they all go away...its that simple..

"The class action lawsuits will grab every penny left here"

a whole lot can happen in the 5 years those lawsuits will take...i know they are mentioned all the time because they can be made to sound so frightening!...lmao..
i could less about issues that are 5 years down the road...

"SPNG shareholders who do not participate in the class action lawsuits will get nothing"

nonsense...if there ever is anything to the lawsuits, shareholders who held stock during whatever timeframes is deemed applicable will get a letter asking if they wish to be a part of the settlement...in about 5 years..

as for some people who want spng "exposed" to the world...ive got news for you...the world doesnt care..lol...in fact damn few people could care less..whatever happens, happens...i hold the stock and i dont even care that much...haha
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puppydotcom

03/10/10 6:46 PM

#301753 RE: overachiever #301747

but the worst part .. there is no way they can file with millions and millions of liability piling up. The financial's will be trash No Market Maker in the world will touch them for the 2--11 ..

no filing = no public company ..

I guess its Ok - many here said they should go private

YUP<! they did ..