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AS increase: 1.55B last reported. And of course it's only an assumption, but with this company, every time they increase AS, they will max it out historically, so i have no reason to believe otherwise.
I assume 1.55B is not the final number, since there are almost 3 months left, compare two Q3 of 08 and 09 then you get even more than 1000%. Believe it or not is up to you, I already sold so I only post here periodically.
First of all, you are comparing apple and orange, they are not in the same period. You compare 10Q of Q2 with 10Q of Q3
I only take the final 10k number, as those are final and audited (10Q number is not audited).
10K 08 Revenue: 5m vs. 10K 09 Revenue Projected (I have no reason to believe otherwise) : 40m. That's an 800% increase.
Since share count changes everyday with this company:
As of May 31st: 190M (those 390m for RME is after May 31st) vs. 1.55B last reported (potentially more because of the AS increase), already 820% and doesn't know if it's gonna stop at 1.55B.
You did an disingenuous job to other people when you compare two different periods.
EPS:
10k 08 EPS: .01 vs. 10k 09 with 7m projected in net income: .0046 (bad case) and .01 best case.
And that assumes that those revenue they got from those 3 foreign companies are real.
800% growth vs. 1000% in dilution (190m at the end of may 31st, now it's 1.55B) and still going take your pick.
For the eps growth, it actually went down, didn't go up, please don't rely on google finance and yahoo finance for eps, those are ttm.
nah the 5m increase was at the same time with the common shares increase.
why do you guys need a link for your DD? Walmart and Target do not always have everything on their website. People already posted tons of pictures from ollies and smaller retailers. As for the spongebob sponge, wait for a while, go to your local walmart or target to check it out, internet is a good source, but it doesn't include everything.
By the way, Do you even own this stock? If yes, then provide proof of your position like Z4lover, otherwise, no one should take your words seriously.
actually i think the part that is important to us as shareholders is the part where two banking institutions are involved. It gives the company some credit in the market place to have someone credible backing them up. No one gonna trust them if they give shares to themselves.
where do you live that its 6am? Phillipines?
it's a little bit more difficult than that. The entire SEC only has 3500 people and has to oversee thousands of public companies, thousands of mutual funds, hedge funds of 50 states. Any attempt to expand the SEC will be met with fierce opposition from people who view it as a government intervention to the market (mostly from the republican party and libertarian). The NYPD even has 10 times more employees than that and they are still swamped with work.
And this does not even include the fact that a lot of sec employees once or still actively involved in the private sectors, hence conflict of interest.
it's not filing, it's where these brokerage houses get the info. For example Yahoo gets their info from Thomson financials, so if thomson financials changes anything, it will be reflected on Yahoo. Google Finance has a lot of trouble because the server of its source went haywire a bunch of time, showing stuff like 300,000% changes in exxon mobile (from 96 to like $2700). That's why i asked the question to confirm whether its just etrade error or it's something else.
Here's the picture, i checked at 11am and its still 1.17B, then i came back at 1pm and it's 960m.
http://s544.photobucket.com/albums/hh336/stmoso/?action=view¤t=etrade.jpg
at noon, its weird.
Anybody here has etrade? At noon, Etrade just changed the O/S of spongetech delivery system, inc. to 960m effectively changing the Market cap to 10.9m.
i dont think it works like that. Judges ain't stupid to let them say 730m to be off by about 300m shares.
it must have been done by one of the desert people, of which tt is a honorary member.
lol, amen to that.
yep, just like how desert people believe there is no other website beside that ieling.com website.
sure, that website is made for desert people to contact with the outside world, hence nothing is really interesting.
doesn't matter, plus OGclip and other mods don't delete anything, blame it on the overly zealous mod squad and admins.
perhaps, since you live in the desert, you can't really find any store that carry these things.
Aw, look at who's dodging the answer.
it's called discount outlet for a reason.
nope, he doesn't have to file anything, since the increase of O/S last 10Q already put his 41m holding at less than 5%.
Quoted something out of the 10Q to be considered good DD? Any 15 year old can quote something out of a book. What else do you do? Posting rhetorical question right after that. Again, show me your holding of spongetech and then i'll talk to you like you are a real person, otherwise, you are just some fictitious guy on the internet.
to see that kind of crap you need L3.
it's up to you guys GMD, i think it doesn't do anything that really matters.
oh yeah, probably this probably that, how about you probably lie about the whole thing huh? Poster on the board, he sounds exactly like you.
don't know, ask them. You can pick up the phone, cant you? You are the guy who got the email response at 6:20am.
Just back from the phone call, she can't tell me for sure which product selling well or not since the entire office ( or maybe her) is not in the position to say it for sure, then she went on saying that have to call individual stores, which is impossible since she doesn't even know what specific store carry the product.
Thank you tt for a big waste of time. Another proof that you are a loser.
and how is this a proof of anything? My 8 year old cousin can write that crap.
well i remember you are the one calling me, joel, and nick crying babies when i said they should do something fast, back then, you sounded exactly like Z4lover right now. I guarantee you if 3 months from now pps goes down further and mgmt still say the same crap, that guy will change his mind too. How about it's a marathon not a sprint? PR 101: If you see the problem, fix it, don't try to be principled like we are not doing anything wrong, or the market will correct itself, because you will sound like a hypocrite when things don't fix themselves.
and how are these companies the same as spng? Dont throw out random names, they are all oil and gas experimentation stage companies, hence no freakin profit, how are they similar to spng? Keep throwing stuffs off topic to get idiotic longs rattled? The other two companies you threw out are not even traded.
cant pm you wadi, but it is about when i called them up before the Q and they said the sharecount won't go up and it went up once the Q came out.
you wont find anything in CVS yet, they starts shipping in mid march.
how can you make sure of that? Stop talking big like you know the SEC or something
lol, you know what he means, stop playing the game "personal opinion," a start up company like SPNG would shoot up like no tomorrow if there is news that they will get a trial run in CVS or Walmart, but we all know that isn't the case here. The stock is so manipulated that even if they got into walmart it wouldn't make a difference.
actually, micro is telling the truth, or at least what Steve showed us.
damn it steve, you beat me to it.
yep, we are working on getting a picture. Car #78, real race starts at 3pm EST, event starts at 2pm EST on Fox.
and if you go even by that website, it's net income not revenue, doofus.