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is this part of the plan? why is management sitting on the sidelines? anyone have a clue?
if the plan is to scare the longs with silence... Its working...
I am soo tired of buying... I am addicted and seriously need the company to stop my addiction by dropping this so called plan... Young was talking about it 90 plus days ago and the 10q is almost here... .drop the plan please!!!!!!!!!!
maybe.... they haven't done much the last couple days... I am assuming if the shorts are real, they know BMAS can't be friendly to their position....
if you believe the NSS, there is no shares to sell other than fake ones... As far as volume, yeah, its low, but look at yesterday and 15 million if infact the float is roughly 120 million and two Form 13's have locked up 80 million and bmas locked up 80 million.... we can still trade 16 million? Give me a break... this is messed up.... way too many shares trading hands.... bashers hitting the boards hard too... crazy drama for a penny stock.... I have my popcorn, but I am bored and putting on too much weight waiting..
I think BMAS vanished... kind of scary...
I have friends that were doing massive buying today... FYI I know where atleast 2 million shares are sitting.
I would agree, I am guessing he wants more shares... or is playing with the shorts by posting... not sure...
Maybe he wants cheap shares via the shorts. Maybe he wants the shorts to sell more shares. Someone who has 41 million shares posting something that could be a negative to me seems like he wants more shares. Just my thoughts. But are the shorts dumb enough to believe him. Maybe he can shake some shares from longs but I am not believing that all is bad.
atleast the RME shares came with exponential growth in Sales and Rev.. I'd say there is a nice correlation... unlike many companies that you never see the product or the marketing and selling... this is obviously a very real product with very real GREAT sales.
Hey Crashman, who's been making money so far, the shorts? The only direction this stock has ever gone has been down...
well, he might get to sell those shares higher come this 10q. We will have to wait and see, he will either be a genius or lose money.... the amount of skin he has in the game, I am thinking he's going to make some money.... He could of stopped buying at 5 to 10 million shares.... to go as deep and heavy as he is, this isn't some pipe dream...
the shorts have contacted Doug and asked him where he would be selling... I have no reason not to believe doug... everything he has said so far has proved to be correct...
New spongetech commercial with NY Islanders
well if they could get a squeeze to happen or get the stock price up, RME shares would not be out of control if they issued them higher than .02 cents per share... I'd love to see them issue some at 75 cents or 1.00 and get a floor under this stock higher than .018....
The only thing I dont like is how management doesn't communicate very well with their filings. Everything is a secret and that would be the only negative I see. Yes, sales are great and forward picture looks good but the company with the gag and not filing 13's when they could, is a signal I don't care for, but I am still very long. part of me thinks the company could be doing a better job with the so called shorts but I haven't seen anything yet other than talk.
who's all on this infamous board? I would have loved to be at this meeting.
Mike, the shareholders are pissed
Steve, yep...
Mike, we must kill shorty
Steve, yep...
Mike, good meeting, release some news..
Steve, ok...
Why you hating on snake oil?
40 million is a joke number... it should be way higher in my opinion... they are sandbaggin the numbers.... Viacom nor MGM have been factored in, nor have they commented on how big they expect those numbers to be... not to mention puddle pals and pure gold...
Drew, email that to Steve and see if he responds... the day isn't over yet...LOL... not saying we will get anything... but its not over until the fat lady rings the bell....
Booked orders, so you are right, there is a strong chance guidance will be raised again... You must be a long...
ttattle, when have you seen BMAS selling?
fee disputes are normally worked out. give me a break. Spongebob is to big to go away.
4pm eastern per my Scottrade account
today is a full day of trading I thought.
Happy New Year Eve Spongebobbers...
I wonder if we will break 3 cents today
wrinkles, at what price are you thinking about selling if I may ask? do you have any price targets or exits planned?
big b r, claims to be going after that poster, it will be interesting to see what happens. it would be nice to end the spng manipulation if in fact that guy was telling the truth, why on earth he would post such a bold statement i have no idea.
interesting poster at yahoo. He claims to be a part of a hedge fund illegally naked shorting spng. Pretty bold statement for a even a yahoo poster. Check it out. So for those who don't believe in NSS, some guy admitted to it on a thread he started.
irilloj is his username, here's the thread.
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=te&bn=63817&tid=47693&mid=47693&tof=2&frt=1#47693
here's one of his posts
P.S. I forgot to mention that we (A HEDGE FUND GROUP) "shorted naked" @ avg. cost $0.0474 in July of "08"!!!
Were looking to cover below $0.005 in early "09"! Without much resistance once SPNG falls through $0.018!!!
patience... man, if you are long in this stock, just pick up more shares at these prices while they are cheap. 10q will be out by Jan 15th and we will all be partying like rock stars if its as nice as I believe it will be.
No, wait for the 10q. I am guessing the company is waiting for the 10q. You know those shorts, will cry foul if the company does anything that could seem like they are trapping them. Best just to put it all in the 10q. I have found that companies that play by the rules, just report in the 10q's, easiest way to surprise people and it can't be argue as a trap.
Pretty common stuff. Figure if they reduce the RME shares, that will pop up there too, that could be a knock out punch if there are NSS in this stock, if not NSS'ing in the stock, the PPS will go up because of less dilution, so a very win win situation...
You might want to pick up some shares at this pricing.
that's old news... in fact, company put out PR about 50 million buyback almost complete... so you might as well know 50 million shares off that number, but the 50million were tradable shares.... the RME shares which they stated were 660 million could be retired... we will have to wait til Jan 10q..
but if I was a betting man, I'd bet O/S is lower not higher after 10q....
I heard more like 400 million??????? Rumor anyways we can both play these games all day long buddie
that didn't link right to the display, I had to search for it, so I posted it:)
thanks Drew... easier to read version....
Short Form Rankings
These are the Top Short-Form Rankings for traditional DRTV products with retail distribution.
Short Form Rankings — Friday, December 19, 2008
1.
Snuggie
Blanket with arms.
2.
Loud 'n Clear
Personal hearing amplifier
3.
Silver Sonic XL
Personal sound amplifying device
4.
Magicjack
USB phone service device
5.
Twin Draft Guard
Door/window insulator
6.
Mighty Mend It
Bonding agent for mending clothes
7.
Smooth Away
Hair removal tool
8.
Iron Gym
Upper body exerciser
9.
Sponge Tech
Soap-filled sponge for auto cleaning
10.
Riddex Plus
Electronic pest repellent
he's commenting on the part where " your kids will **not** be cleaner...."
LOL... if you read it as a negative, as after your kids wash up they will NOT be cleaner... that would suggest the sponges did not clean them...
I took it as the reader was saying... you kids could not be any cleaner had they used a different product, basically saying SPNG will get them the cleanest
Wadi, I agree... I feel as though BMAS is a stock Jedi and the protector of SPNG. Basically say to the NSS's you are not going to get away with pounding this stock into nothing. They have defended the stock. They buy hard and scoop up shares. They in my opinion are one of the only reason we haven't been pounded under .18 ish.... just my opinion.
I dont know who BMAS represents. So it could be a group of investors. Some claim it is Steve M, buying on his personal dime or some bigtime investor. Now this little bit of information would be a crucial fact to know. For these reasons:
1. If you believe SPNG is a scam that is diluting. NO WAY would Steve M. be buying shares on the open market. That would just be stupid and make no sense. No one could argue that. Though, one would argue if Steve M is buying shares on the open market, that there is a NSS problem and Steve is buying shares because they are undervalued.
2. If this is not Steve, but a major player; a Proctor and Gamble, a Johnson and Johson, a MGM, a Viacom, etc., once again, the buying spree on SPNG would be unreal once that info leaked out. Even if there was NO, NO, NO short position, once that info leaked out, everyone and their brother would jump on this SPNG train, shooting the price way up, regardless of float and valuations, pure supply and demand.
We just don't know. We do know that it appears BMAS is only buying shares.
Look, people will try to discredit BMAS. But if there was no BMAS, what would people say? I look at BMAS as a major player and is holding a huge long position in this stock.
I am not following you, so you are saying there are more than 660 million RME shares at the time of that PR? At the time the O/S. FYI, A/S share could mean anything, in fact many were speculating that it was going to be used for some sort of share divi that was later called off, so the A/S could lower before the 10q... You don't know anymore than anyone else. That's the problem... no one really knows but only speculates, but I would say if in fact all these shares have been dumped, the price would not be at .02 cent, it would be lower. Good luck whatever your play is.