Replies to post #5106 on Shot Spirits Corporation (fka SSPT)

[Cassandra]

According to SSPT's 6/17/10 PR, the alleged shorter had only 48 hours to cover:
http://ih.advfn.com/p.php?pid=nmona&article=43280048&symbol=NO%5ESSPT

Although Big Apple Consulting could be the party they are accusing in the PR, keep in mind BAC is already being sued by the SEC regarding the sale of hundreds of millions of unregisterd shares of CKYS. They would be really stupid to continue to violate securities laws while under a microscope. http://investorshub.advfn.com/boards/read_msg.aspx?message_id=43832474

Also keep in mind that SSPT hired them after the SEC lawsuit was filed, so they hired them knowing their past behavior.

The real culprits could be CEO Barrett, CFO Posten and other insiders selling shares they received in the sale of Guest Metrics to SSPT. Those shares were supposed to be restricted, but SSPT used a questionable registration exemption in its Form D filing to allow the shares to be immediately tradeable.

Given the recent volume of shares traded 100 million is not that significant. There's been a LOT more selling than that.

Lastly, the most recent publication of the float is certainly incorrect. Has anyone tried to obtain the current float from the TA or the company. My guess is that they will not release it as it will show massive dilution from the O/S to the float.