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If a shortsqueeze happens, its gonna be the shorts who buy those RME shares. There is not enough shares to cover their ass.
It's him. Alfie3155
Nah, SPNg and Doug will have to talk to them for sure. Of course the price won't be low.
More good news is that Doug was contacted by a short tries to cover his ass. I think they may have approached SPNG as well, and get turned down.
http://messages.finance.yahoo.com/Stocks_(A_to_Z)/Stocks_S/threadview?m=tm&bn=63817&tid=43191&mid=43302&tof=8&rt=2&frt=2&off=1
The problem with your solution is that what will force NSS to cover? Just because you know about it doesn't make them scared. It's either have to be SEC forces them to do it, which won't be pleasant since they will halt the stock from trading until both parties figure some deals out, or it has to be some mechanism that requires stock recall.
Or it can be like you said, they are hiding something bad, which eventually everyone will jump the ship. I don't think that many people have enough patience anymore.
It's not going to happen, unless you can find another 2300 new investors who are willing to pay for whatever price since most of the old longs are holding, and they will not settle for 3 cents a piece. It's only the shorts right now that will pay whatever necessary because they need to cover their own ass.
and where is that buying pressure will come from? Most of the old longs already exhaust their money, I doubt Doug wants to put more money into SPNG. Traders won't do anything substantial, and so will small time investors with small pockets. Last time it took a BMAS with 50m shares purchased to launch the stock to .042 before NSS defeats them again.
It really doesn't matter, unless we can pull a millionaire into this stock. Small fries don't do any good with 10k shares here and there. Without BMAS, the stock will go down, that's it.
I know, their business is real. No doubt about it. They have a plan to deal with shorts, I just can't wait that much longer. No offense to anyone who can wait.
No. First, they already spent that 5million for their business. If the stock tank and their business is unsuccessful, where will they get the money? If everyone jump the ship, i doubt it would be .01 more like .0001, then their money would be gone.
Let me do the calculation for you
SPNG: Hey give me a loan RME
RME: Give me a collateral
SPNG: 300 million shares at market value
RME: No, what if the stock goes down
SPNG: Alright, fair enough. 40% discount then
RME: Sounds good
SPNG: Here is 300 million shares
RME: Here is your $5 million
SPNG then spent that $5m to buy candies from a supplier
However, a gigantic plane full of candies from XXX Corp has one of it hatch door open and the candies accidentally fall out from the sky, making spng candies unprofitable. SPNG can't pay RME back. SPNG shareholders dump the shares because it's a unprofitable business. RME have to sell their shares at a loss.
Where the hell does SPNG get the money if they are unsuccessful? You're an idiot. They do risk their money.
No one ever says there is no risk. If there isnt any risk, there would be no return. Want no risk? Put in a saving account.
The officers still put their money into work, if the stock tank because they cannot produce results, they lose their money. So please give me a break here, all the crap you said is also mere speculation. Also, you don't know how many people are there in RME, just because SPNG's mgmt said they are officers of RME doesn't mean they are the only ones, your logics is false. RME can have 20 guys working in it, and Metter, Moskowitz, and Laskusas have to make some kind of deals with the rest of them (no one wants to lose their money).
Continue to exist without selling a single sponge? There are filings to show whether their business is successful. If they don't make money, everybody would jump the ship, and again, the stock price would tank, and their money would be gone. Now your theory is getting even crazier, before you have feasible theories, now it's just made up crap. And you still show annoying pointless link, who gonna read the 10k for a hundredth time because you tell them to?
393 million shares we don't have the filing. Hence i said i'll be happy with half of 660 million, ok?
If they sold everything at the same term, it wouldnt be 2.2 cents. The share price since august has gone down significantly, average around 2.6-2.8 add 40% discount
"In July 2008, RM Enterprises International, Inc., a company that is our majority stockholder and which is controlled by our officers and directors, agreed to grant the Company the right, exercisable by the Company at any time on or prior to February 28, 2010, to repurchase all or any portion of the 267,154,132 shares issued that RM Enterprises International, Inc. had purchased from the Company since January 1, 2008 at the original price paid by RM Enterprises International, Inc. to the Company for such share"
Case closed, now please, let me live in peace. Next time you open your mouth, read everything first and then argue with me.
why on earth would they buy back the share at current share price? The point of the 40% discount so that they can buyback at cost, and it would be below .018. Now i'll be realistic too, maybe they would not buyback the entire 660 million. But i'll be happy even with half that amount.
where did you get .023 from?
welcome aboard.
Unless you dont want to get on the train with those Indians
If you are microsoft then you could care less about Walmart, they make money mostly through deals with computers maker anyways. The other part of their business (the server part) will be sold directly to companies. But if you make cleaning products or healthcare products in general and you are small, you must be crazy not to take Walmart.
The site shows 67million shares at the end of November, since then BMAS bought more, so it's not that hard to find out if you have L2.
No, that is not what i meant. It's every manufacturer's dream to get in Walmart. What Im talking about is the short term cash flow if a sudden expansion happens in absence of a credit line from a bank. Normally, if positive business expansion happens, you can request an increase in credit line from a bank. However, since we don't know yet if a credit line is possible in this kind of horrible credit crunch, SPNG's only choice is to issue more shares to get a loan from RME. Although I think if they do have a positive future like that, they should restructure a loan from RME so it makes everyone better off.
The shares collateral with 40% discount only makes sense when there is a great deal of uncertainty in your business expansion. Beyond that, I don't think people will swallow another 2-3 hundred millions new shares with 40% discount.
You can't possibly predict what their marketing cost would be, and cannot say that their profit margin will remain the same.
The 40 millions is made up primarily with reorder from foreign distributors. If somehow, SPNG can expand its market in the U.S., the initial cost for marketing will be very high (of course it will bring back revenue) to market the products. And without a credit line, they will have to issue more shares.
For example, if SPNG can get its foot in Walmart USA, and get widely distributed, the mgmt will have to devote initially a great deal on packaging and marketing for Walmart, since Walmart USA has stringent requirement of packaging for its suppliers to simplify Walmart's logistics and supply chain. The upside is that SPNG will bring back huge revenue and profit, but the downside is the short term cash flow will decrease. Without a loan of some sort, their only way is to turn to RME with that kind of loan again, and we all know how annoying that would be for all shareholders.
It is very important for SPNG to get a real credit line from banks to expand. They may or may not already have a deal with some bank already, marketing cost will be the major cost for new products like spng.
Marketing
What are you bingoing? You mean someone close to spng mgmt is buying through BMAS?
The sponge is made so that stuff only get out, nothing gets in. Hence the soak and squeeze, since that's the only way you force the soap or watever crap is inside the sponge to come out.
Actually, what it said is the issuer of the securities cannot directly buyback during the last half hour. It does not prevent someone who is close to the company to do so, like family etc.
Nah, prolly they all used the same firm since they knew Wright's firm and feel comfortable.
http://www.ipcounselors.com/
That's Wright's firm and he's one of the partners. 35 years old. Seems to be a pretty good firm. All graduated from T-25 law schools (I know since I'm trying to get into one of those schools, lol)
Read their documents from way back then you see that RME loan spng money all the time, then got pay back.
Although this time the amount of money is bigger so it takes longer.
"We were incorporated in New York State on July 18, 1999 as Romantic
Scents, Inc. by RM Enterprises International, Inc. which was issued 5,000 shares
representing all our issued and outstanding capital stock in consideration of
forming our company. During fiscal 2001, RM Enterprises International
contributed $105,100, fiscal 2002, RM Enterprises International, Inc.
contributed $86,943, during fiscal 2003, $63,050, and during fiscal year 2004,
$15,000. These advances were all paid back to RM Enterprises International. RM
Enterprises International, Inc."
Yeah, I hope someone near new york can go to their office and see how it looks like. They lease the office from RME. A&N is next door to SPNG, i think.
Here is something to read just for fun.
http://oooeeo.com/1fashion.html
The licensing company (A&N Enterprises, LLC) is owned by Moskowitz family, and Steve is the chairman, just to add to his credentials that he has money, no point in scamming people.
Maybe that's why the guy knows so much about marketing but kinda newb in public relation stuff.
Although I believe in the NSS story with SPNG, but posting stuff from a blogger doesn't really add to credibility. The guy doesn't even post the link that proves the stuffs he's saying
nope, it's not his first time. You can't use the same excuse forever. First time you can say because you get the time frame wrong. Plus, we don't even know what the hell is the time frame.
I said it before about Moskowitz not being able to keep his promise
Do you care to comment on what companies were you reminded of SPNG?
Doesn't seem like it will happen this week after all.
just reply ok to carp, agree with w.e. he says, cuz no point in arguing.
Dunno, they have a habit of doing that.
together with yesterday then 10% in 2 days, we're getting killed.
only spongebob wants to live in a pineapple under the sea