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Let's see if the old saying "volume precedes price" holds true.
Didn't think I'd let you guys have all of the fun without me, did you?
It has been my pleasure.
If you have to sell, do everyone a favor and please do so at the ask. The momentum here is going to continue.
The person selling those 16's is making a huge mistake.
Maybe this footnote tacked to SM's holdings from last year's 10K might be of some value to the argument?
"(4) Includes 10,921,333 shares of our common stock held by the Steven and Mindy Moskowitz Trust."
Great week!
XXX XXXX XX XXXXXXXX
T/A WILL BE UNGAGGED
?
Ichi,
5 start post. Still laughing....
G
Another SPNG board sighting at MSG...
Spongetech allover Yankees Yes Network:
"Confess, and you may receive a quick death. Deny, and you must be purified by pain. Do you confess?"
Soapy, "SC" - what could that mean?
Player 2 is from South Carolina? lol
Anyone see the HSN clip this morning? Any sales numbers shown?
Thanks,
G
Carp,
Very good presentation all around. I would have liked to see the product in the packaging though. Adds a level of professionalism to the product. Maybe next time.
G
A little more volume in this range and the next stop will be .031
Video of SPNG on HSN
Video link is below the picture of the product:
http://www.hsn.com:80/infomercial/spongetech-wash-n-wax-3-pack-combo-car-kit_p-5447130_xp.aspx?webm_id=0&web_id=5447130&ocm=hpr
Good time in SD. Was in Coronda Cays. Grandfather has a boat so we hit the bay a few times. Tons of sand bass, a bunch of halibut, some ling, etc.
Good time.
G
Feels like we're getting ready for the next leg up to .026 - then higher.
G
This is pure manipulation. Someone call the SEC!!
New image would probably have to come from SPNG. The new packaging on the auto sponge is a seller.
G
They should add a picture of the product in packaging to the HSN website. Makes it look more professional.
G
Someone was doing some buying today.
Amazing, no one cared about the jump in March revs from 0 to 9mm, and then from 9mm to 11mm. But they really liked that last $2mm, lol.
Who's got the pic of the Indian Train?
G
Duane Reade, NYC - Multi Product
Personally, I liked Big John McCarthy's....
"Let's get it on!"
The good old days.
OG,
Looks like we were within inches of a nice breakout and then today's trading happened. What's your opinion?
G
Well, here's the first rebuttal to the argument:
Crushing volume out of the gate!
Manipulators must be stuck on a broken down train somewhere.
Monthly share volume report has been updated with Feb figures.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=SPNG&SortBy=volume&Month=2-1-2009&IMAGE1.x=11&IMAGE1.y=10
Nice pics.
I understand the packaging is going to put this over the top.
G
Nice work today SPNG folks!
It would be nice to see this momentum carried into tomorrow. What do you all think?
Nice dig Soarbird.
That's over 20 tons of Sponges.
GMD
Anything is possible.
However, now it might be more so because of the low stock price, and the increased business SPNG has experienced the last few quarters.
I too would like to see management 'open up' on things a bit more. Their hands might be tied on certain issues. I can confirm that they are aware of shareholder's concerns. Whether they start acting more like a big board company remains to be seen.
They would need to make a tender offer for all legit publicly held shares. Even though management has controlling voting power, the tender would need to be 'fair and reasonable'.
It could get interesting quick if you consider any short interest that might be out there.
Maybe that's part of the plan
Looks like RME can take the company entirely private for just over $1mm now.
OG,
Before continuing on your smear campaign, please re-read my post linked below. Feel free to call or email any owners of ACE Hardware in NJ/NY.
http://investorshub.advfn.com/boards/read_msg.aspx?Message_id=35297085&txt2find=ace
Good read... Robert Shapiro...
http://www.sec.gov/rules/proposed/s72303/sonecon010504.txt
"(A)t times, the amount of fails to deliver may be greater than the total
public float. In effect, the naked short seller unilaterally converts a
securities contract (which should settle in three days after the trade date)
into an undated futures-type contract, which the buyer might not have agreed
to or that would have been priced differently."[2]
When the number of uncovered short sales in a stock exceeds its public float-or
even the total number of shares issued or outstanding--the only plausible
explanation is a concerted and illegal effort by short sellers to flood the
marketplace with counterfeit or fictitious shares, in order to artificially
drive down the stock's price and increase the value of the shorts. Massive
naked short sales turn the equity market into a form of monopoly pricing for
the firms that fall victim to such sales, in which the short seller sets the
price at a level guaranteed to provide a quasi-monopoly return. These actions,
in effect, destroy the integrity of the market system for firms targeted by
naked short sellers and create a direct transfer of wealth from existing
shareholders to the illegal short sellers. The firms targeted for such
manipulation are generally smaller, younger public firms - the type of
company which has generated many of the techno logical and organizational
innovations that have contributed so much to the increases in business
investment and productivity of recent years. As relatively small and young
companies with much fewer shares in their public floats than their older and
larger counterparts, their individual decline or destruction also generally
attracts little public attention.
These illegal short sellers cannot achieve pricing power over a firm by
themselves, since it involves creating hundreds of thousands or even millions
of phantom or non-existent shares in direct breach of numerous regulations
and laws. This undertaking requires the collaboration of broker-dealers who
will carry out short sales without transferring actual shares, and the tacit
countenance of the market organizations and regulatory bodies charged with
clearing and settling those short sales. The fact that naked short sales
occur on this scale, therefore, points to serious problems involving
compliance with short sale regulation at the investment firms conducting
these transactions for their customers. It also points to troubling problems
involving the enforcement of these rules at the NSCC , where these transactions
are supposed to be cleared and settled in accordance with the rules, at the
NSCC's corporate parent, the DTCC, and at the SEC offices entrusted with
overseeing the DTCC, the NSCC and investment firms.
Actually, that post wasn't from the Alfie we know and love. More Yahoo! BS.
You should have went for 45mm instead of 4.5mm. Would have stirred the pot a bit more...
Chart,
You did a great job marking up the "Cover/Buy", but ETrade shows a (-) quantity and MV when you're short.
Can you fix that up and repost?
Extremely low volume today.
Is this the first sign of a falling wedge reversal?
GMD