"Actually LR, you seem to be the one "party to some confusion" here with regards to the A&M report."
I beg to differ. For instance, I know what is in the A&M report and what isn't. And the following items aren't in the report at all:
"the report makes it clear they work for either Spongetech or Dicon, selling "either Spongetech products or Dicon products or both.""
"And the report states these reps sell these products (only) over an areas that covers 5 geographical regions for the companies."
"the report makes a very clear distinction that these reps are employed by the companies to sell Spongetech, Dicon or both's products"
"The report states clearly these 57 reps "work for the company.""
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But I do get it.
You would like to see the company survive.
You feel that the prospects for that survival were enhanced by the A&M findings, which were that the company as it was constituted on 6/1/09 generated sales of $1.3+ million in the ensuing 11 months and that its primary supplier, which it subsequently acquired, had sales of $6.3+ in a similar period resulting in a total of approximately $7.7 million in that period. You have suggested that these totals are domestic sales and may not include foreign sales.
You don't care about what SM & MM may have done in the past and have expressed no concern about their ongoing participation or lack thereof in the company.
You discount the likelihood that the numerous lawsuits for non-payment of services rendered will have any effect in the near term.
You believe that there could be significant hidden dollar potential in actions that may be taken against naked short sellers of whose existence you are certain and cite the success of USXP's actions as an example.
See…..I think I get it!
Now, at your leisure:
Please address the fact that the founder of Dicon, the source of better than 80% of the "total net sales" as reported, is no longer with the company and how you see that impacting the company going forward.
Please give us your thoughts on how the company might deal with the fines that will likely be imposed on it…..keeping in mind that in the USXP case the total was around $22million (pretty sure they never came up with it).
What do you think the chances of the company gaining currency in their filings might be given the requirement to 1)restate 6 10Q's and a 10K and 2)file a 10K and 3 10Q's that have yet to be filed and are overdue? In time to avoid revocation of the registration of their common shares?
Do you feel that the SEC issues will be resolved in order to allow the DTC to restore clearing services? Have you ever seen a resumption of services in a comparable situation?
"You've reached a conclusion and seem desperately determined that everyone else on this board is to share your views"
I won't deny that you are correct regarding the former, but believe it or not whether my views are shared by anyone else, let alone everyone else, is of little concern to me. Present company included. I care only about being right and objective and am comfortable in the knowledge that I'll hear about it when I'm not.
Not at the table, Carlos.
