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Message: SPNG (SPNGE temporarily)

SPNG (SPNGE temporarily)

posted on Oct 08, 2009 08:41AM

Suspended, for now, (last at .061), the company's recent update estimates return to trading around the 16th as follows:

"..The Company and its auditors are in the process of finalizing the re-audit of its 2008 financial statements and the audit of its 2009 financial statements and anticipates on filing them with the SEC by October 16, 2009.

The SEC announced that trading was temporarily suspended because of questions that have been raised about the accuracy and adequacy of publicly disseminated information concerning among other things, the amount of sales and customer orders received by the Company, investment agreements entered into by the Company and the Company’s revenues as reported in its financial statements. In addition, the SEC’s announcement noted that the Company has not filed any periodic reports since its Quarterly Report on Form 10-Q for the period ended February 28, 2009. ..."

Will it come back and where?

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