Sure buying SPNG is very risky. Knowing their products are being sold in Walmart is good news. Knowing that Pike increased their position to 180 million share is great news. Now we need a buyout at $1.00 or more and that will be fantastic news.
I wish people would spend thier time chasing down the Mutt brothers for the 10K instead of looking for sponges in stores and reporting back.
I don't see that happening .. because the shareholders would have to see the truth about the insiders and the problems spongy really has. Its easier to live in the world of denial than to address the real issues - like the wells notice and all of the lawsuits and the failure to file