It's possible that there is an Arab business entity that is doing what is described here, but I would only want to day trade this one, too much downside. SPPH is too similar to symbol SPPI--"Spectrum Pharmaceuticals" IMO. Al-Dorra is a real company but has not acknowledged a business relationship or potential one with Spencer. Do your DD. For me that would mean find a dozen examples of similar buyouts that ended well for the investors.
Many investors in penny stocks are in the unenviable position of trying to get validation in our investing from a real licensed broker, trader or expert. Do your DD.
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