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Any latest info on PR release????EOM
come guys cheer up at least we are GREEN!!!!!EOD
where is everyone!!!!EOM.
Easy!!!!! EASY GUYS!!!!! Take it easy...
Antisubmarinewarfare: Totally agree, she even mentioned some of her challenges with the management as follows:
Time zone differences and language challenges...
Mortage1: very true, however I am a bit spectical in purchasing more at the moment... rather wait for the financials to come out and take it from there... My only reason is the first time I got into this is when the financial's where about to be released/or just released and the numbers where good.
However the numbers did not do any good? from then till now.. So wait and watch..the move going forward..definately I have a feeling that in the long run we will acheive excellent ROI's...IMO.
I am also averaging 0.046 on my 100,000 shares, first buy was when the banana was trading at .08, not a lot...then as time went kept on accumulating at lower prices.. best buy .023.
One more thing, when I spoke to the IR...she mentioned she has already highlighted and brought it to the attention of the management to move from Pinky... However she again said VERY STRONGLY THAT IT IS NOT A GUARANTEE THAT IT WILL HAPPEN.. So let's hope for the best in the long run... serously very undervalued company.
members with L2 and chart gurus ...is this trend sustainable or will we see a dip. it seems like the rise has lasted longer today.
Here's what has happened so far....$5.6 million in revenue, $3.5 million in gross profit, and $1.2 million in net income. All three are company bests.
If you look at the balance sheet you'll see about $200K in cash, which isn't a lot, but it'll help. What I'm eyeing is that $3.9 million in accounts receivable. They've got less than $300K in accounts payable, so a big chunk of that change could be pocketed, even if other expenses pop up in the meantime.
That’s where dilution comes in! Better EPS in the long run…
Think about it like this ...assuming they don't sell one more sponge over the next 18 months (which is unlikely), they've still got about $6 million in revenue on tap per quarter ($35 million divided by 6 quarters is about $5.8 million each quarter). Any one of those quarters could be better than the company's entire previous year. Plus, they're now profitable.
The numbers speak for themselves - SpongeTech will deliver profitability to shareholders. Even with the dilution; owners are better off now than they were before.
But not for long…..The question is when and what will stop dilution?
When Spongetech buys out the stocks from RM? if this is the only option, invest and forget about this stock for 3 years!
Securing a line of credit/loan? (Based on some of the earlier posts)
How long does this take? And why has it not happened, in spite of the Million $$ confirmed outstanding orders already in hand? A proven profitable quarter/year? With the current market conditions in US, it is very rare to find a chicken like Spongetech laying golden eggs, meaning any bank will jump and knock their doors with all the solid facts, figures produced? So why? IS DILUTION a better option for the management?
I am not negative. All I am requesting for is logic and technical know-how of what is going on?? I am in a learning curve and the answers will strengthen my logic and decision.
Very well said Bleech... I have already posted the BS... SHOWTIME is all about just ignore him forever... he does not know what the hake is going on... comes up with his own predictions which have no fundamental support... total BS....
Can U please shed some light... who is Chang?.. appreciated
Not only Legi...he is full of predictions and talks a lot of BS.... He is also part of another board CJGH... to be honest i do not know what he is trying to acheive by throwing such posts...nonsense totally with no supporting grounds..
He is MR SHOW TIME ...ONLY SHOW TIME...Ignore him..totally..
Likewise, all the stocks I also follow are in RED!!!!!
I am part of many other boards, honestly CARP knows what he is talking about...he has fundamentals to support his argument.. so PLEASE CARP carry on...thanks for your efforts and time you put into this... Many of us just keep on predicting on what the outcome will likely be...wild guesses..
So CARP keep the good job going on.... Thank you...
I do not remember who made this call; but very true to beleive him....
The trend of this stock for the past couple of weeks has been, it shoots up on the 5th day ... so if true again the stock will carry on playing within the range a bit lower and on MONDAY next week we will see gains again.... Not sure what is happening here.. DILUTION....
i remember someone is stating that the he had spoken to the CEO and a press release will be out... repurchasing of stocks.. do not know what happened.....
True, the worry is she is moving to lower levels and inspite of the good financials we are expecting, the ground she will cover will be to the .04's-.05's...
Only if she gets back to the 0.03-0.04 level before the announcement, we will all see good gains IMO...
lets hope so, she is moving south big time..broken the support level as well... moving south south..
Its asking for the surname? what is it?
PETEYPICKEM... Thanks, I have a large # of shares got in at different prices no where close to what the prices are currently. But I understand your angle...thnks.
if I was to sell now i will encounter a huge loss!!!!
I beleive in what you have said, nice post! So tell us what next do we leave the ship or wait? What are your thoughts and views on where the ship is heading?
Inspite of the fact that I am holding a huge # of shares;
1. There were posts confirming that big huge groups/individuals are into the buying of this stock? Does not look like heading south....
2. The companies PR policy ... sucks...
3. Last quarter the financial results were excellent, where did we head South... from 0.16 to .02?
My question is how is the new financial going to make a change, based and looking at the past one where we went south inspite of an excellent earnings report?
If someone can add and show me the positives I will appreciate, as stated i am holding a enough # of shares? close to 750K.
AUTHORIZED SHARES INCREASED ON 4 SEP 08 TO 500,000,000 !
What is the effect of this move and why? pl. someone explain?
A bit new to the game and getting nervous after raeding some of the posts? Are we going to swim with this stock? I problem is the board has a combination of thoughts negative/positive?
Also raed s'thing about Nevada listing... not paid.. please can s'one take the trouble of telling me! Appreciate.
Excellent stuff! Mack, you have made our day and look at the whole game now with more extra confidence and a bright future!!!!!!!!! Thanks a lot!!!!!
The other thing to keep in minbd is also looking at the financials they have less than 300K in cash, which does not reflect the sales of 3.3 Million, so in a nut shell I beleive they have sufficient cash on hand to cater for the outstanding orders OR with the cash buy out RM shares... which ever way its a win-win situation. Also with all the outstanding orders in hand close to 56 Million, For a second lets say they do not get any new orders, they are still in a very comfortable position for the next 3 quarters.. AVG APPROX. 5 Million per quarter...
One more question for all folks, last financial results were excellent what made the stock price dip to 0.02 inspite of the good financials... Trying to learn and understand the game properly..
Understand, the sad side of the story is why on earth are they not releasing a PR... for gods sake its a couple of months now since they released one. Tried calling Karen (IR) left a detailed message with many questions...
Its frustrating to some extent...
What was the short-squeeze ratio? IS it correct to say it lasted for two days and it is over? We all have great faith in this company, long term excellent player but it is very frustrating especially after posting such numbers to see where we are stand today?
With some of you gurus can we see an uptrend starting tomorrow?
If it is following the same pattern, when do you anticipate it taking off? I leaving the .04's behind for good.
If it is following the same pattern, when do you anticipate it taking off? I leaving the .04's behind for good.
What the hake happened? Is it my PC Only...
What do you mean 500 mirror? please explain
Got some filled at 0.37. Asked for 20000 and only got 19100?
Good sign I believe?
I am quite a newbie on the block, this are the numbers I have worked out... Not very sure...
EPS Value = 0.0116
Book value is fantastic, no Liabilities?
P/E comes to 4.09
There is another site I came across
http://shabbir.in/dcf-to-calculate-fair-value-of-share-price/
Earnings per share:
Expected growth rate of the company % :
No of years of growth to continue and then constant :
I used 0.0116 as the EPS, expected growth at 10% for three years.
The price of the stock is valued at:0.39
Using the same data at changing the growth to 20% gives a price of 1.50. At 30% growth the stock price equals: 8.70.
Remember this are estimates but the formula used looks standard.. check out the website as well... Otherwise, for sure the fundamentals of the company are very strong, cash flow is good, best of all no long term liabilities, orders on hand, company is expanding and is in its premature growth stage... I beleive it is strong, excellent long term opportunity...
Yes I did, thnk got rid of them today at a loss! Anyway part of the game.
Cheers
The challenge is their website is down and non of their contact numbers are working; infact their telephone numbers are no longer in service? So seriusly do not know what the hake is going on with them? No news, updates, nothing at all. Looks like vanished in thin air...
Thks, Their website is down and contact numbers are out of service as well, cannot be reached thru telephone? Advise sell out? Bought at .08cents.
Yes, its got an 'E' and also it is not traded, no volume or transactions?
Painful and confused,
I am quite new in this game and based on some recommendations and a bit of research, I bought LMLG 50K shares. Not very active and looking for long term returns found out recently there is a name change and the stock is no longer actively trading?
Can one of the gurus please explain what is the future? Have I lost everthing or recommendations of recoverying if any???
Appreciated.
Hi All,
I am quite new in this game and based on some recommendations and a bit of research, I bought LMLG 50K shares. Not very active and looking for long term returns found out recently there is a name change and the stock is no longer actively trading?
Can one of the gurus please explain what is the future? Have I lost everthing or recommendations of recoverying if any???
Appreciated.