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I can't wait for the NBA season to start so SPNG can advertise with the Lakers, Celtics, etc etc. I really hope they do... that would be huge for me.
another 80000 here as well.
HOLDING ON TIGHT!!
Thank you for the info!!! I do completely agree with you about the life changing deal.
10K Question:
I know the 10K will have information up to May 29, but this probably won't have all the info about the Dicon acquisition and the recent record orders in June, July, and August right?
Does anyone know when the financial statements with the latest info from June through August will be out?
Mat28
How high you guys think this will go once the 10k comes out? I'm pretty sure the 10k isn't built into this run yet...
Mat28
You could be very right... I mean spng does own Dicon now so they can pretty much license that technology to other products..
ahhhh I need to change brokers... ST sucks... sighhh
go spng!
LOLL time to buy more!!!
"SPNG, MAUXF Have Been Added To Naked Short List Today"
http://www.tradingmarkets.com/.site/news/Stock%20News/2445051/
HMm... now I'm starting to believe the nss theory.
matwenty8
Carp, is Dicon the same as Taikone?
I tried looking it up but my browser was getting all funky... hehe.
and how come the company sold itself for 4 mil if they already had immediate revenue of 10 mil. plz explain
I found this kinda weird at first too.. But then I realized that $10 million in revenue doesn't mean $10 million in profits. If Dicon made $1.5 million in profits from the $10million revenue, then the previous owners could sell Dicon for $4million CASH and keep the extra money. I'd take $4million in cash right off the bat! LOL...
Mat28
Looks like it's about to bounce back into green.
Have you guys read this article from Examiner.com about spng? Sorry if it's old news. I found it interesting how they calculated the float at 443.48M. Of course we have to be careful as with anything, but I like the sound of that especially coming from another site.
If you actually click on the link, you'll see charts along with the descriptions.
http://www.examiner.com/x-3765-Denver-Stock-Market-Examiner~y2009m7d1-The-fastest-growing-most-profitable-penny-stock-we-cover-is-setting-its-self-up-for-another-run
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The fastest growing, most profitable penny stock we cover is setting it's self up for another run.
July 1, 6:31 PM
Well banking on FRPT winning the Defense contract certainly didn't pay off, but here's something that might.....At least with a little patience.
In this report, we're revisiting a stock that experienced one of the strongest runs we've seen this year. It ran from .02 to .29 mid-June. SpongeTech® to be correct. And it maybe setting it's self up again.
Now, a primary reason we're revisiting is due in part to recent news including today's. The stock is presently conducting a huge marketing campaign, and recent sales reflect it.
SpongeTech® Delivery Systems, Inc. Expands Nickelodeon and Viacom Licensing Agreement in CanadaBusiness Wire(Wed 3:00pm)
Excerpt: .....Agreement is to market SpongeTech®’s SpongeBob Soap-Filled Bath Sponges..
...We are excited to expand upon our partnership with Nickelodeon and Viacom into the Canadian marketplace,” commented SpongeTech®'s COO, Steven Moskowitz. “We look forward to celebrating SpongeBob’s 10th anniversary in July across the U.S. and Canada.” In addition to SpongeBob, the Company will look to market two other popular animated Nickelodeon characters, Dora the Explorer, and Go, Diego, Go!.
SpongeTech(R) Delivery Systems, Inc. to Begin Marketing Campaign in Latin AmericaPR Newswire(Tue 10:00am)
Here's the headline we like:
SpongeTech® Delivery Systems, Inc. Reports Record Month in OrdersBusiness Wire(Mon, Jun 29)
Excerpt: ....the Company has booked approximately $18 million in new orders for June. This is SpongeTech®’s highest recorded monthly booked orders in the Company’s history. The Company sees continued momentum in the marketplace and with the new children’s bath sponge beginning to hit the marketplace, management is anticipating the drive in sales should continue to increase.
Earlier in the month they gave some pretty strong guidance in this headline:
SpongeTech® Delivery Systems, Inc. Announces Estimated Gross Revenues for Fiscal Year 2009 Exceeding $50 MillionBusiness Wire(Tue, Jun 9)
Excerpt: ....The revenues generated during the 4th quarter were substantially higher than any other quarter in the Company's history. SpongeTech® expects robust revenue and earnings growth to continue into Fiscal Year 2010 and beyond. The exact results for both Fiscal Year 2009 shall be released on Form 10-K at the end of August 2009.....
"We had an exceptional 4th Quarter...” commented Spongetech® CEO, Michael Metter. “The estimated gross revenues of $50 million far exceeded our expectations and we look forward to an even stronger year ahead as we continue to release new products.”
Spongetech® COO, Steven Moskowitz commented, “We are excited about the launch of our newest product, SpongeBob SquarePants Soap-Filled Bath Sponge. Management is working hard to insure that manufacturing capabilities are scalable enough to meet any and all future demand."
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In addition to the news, recent technicals are becoming somewhat appealing for considering going long.
In a Newsletter we sent tuesday, June 30, 2009 to our subscribers ( www.greenbackers.com ) we said to focus on a higher low going forward. We think this will be the case at .11 following the very sharp bounce off of .10 on monday.
Splits:none
Last Trade: 0.1160
Trade Time: 3:59PM ET
Change: 0.0060 (4.92%)
Prev Close: 0.122
Open: 0.124
Bid: 0.1160 x 5000
Ask: 0.1172 x 5000
1y Target Est: N/A
Day's Range: 0.1110 - 0.1260
52wk Range: 0.01 - 0.29
Volume: 59,780,817
Avg Vol (3m): 91,046,500
Market Cap: 83.85M
P/E (ttm): 10.55
EPS (ttm): 0.011
When you focus on financials here, the first thing that sticks out is their strong revenue and earnings growth. This is yearly. Take into account sales for the month of June alone are surpassing 18million which is over 1/2 of total sales for last fiscal year.
Income Statement (Source Yahoo)
Revenue (ttm): 35.12M
Revenue Per Share (ttm): 0.064
Qtrly Revenue Growth (yoy): 927.10%
Gross Profit (ttm): 3.55M
EBITDA (ttm): 7.35M
Net Income Avl to Common (ttm): 5.96M
Diluted EPS (ttm): 0.011
Qtrly Earnings Growth (yoy): 703.00%
Return on Equity is very respectable as well.
Management Effectiveness
Return on Equity (ttm): 53.86%
Regarding their balance sheet, they only book .019, but no debt.
Total Debt (mrq): 0
The one negative is the shares outstanding, although the float ratio suggests substantial insider interest.
Shares Outstanding5: 722.87M
Float: 443.48M
In the prior Examiner article we wrote on them dated March 25, 2009, we expanded on the fact they are were highly profitable and one of fastest growing revenue penny stocks we were covering.
A highly profitable 2cent stock that is sturring
www.examiner.com/x-3765-Denver-Stock-Market-Examiner~y2009m6d15-A-highly-profitable-2cent-stock-that-is-starting-to-move
Of interest....Investors Hub ( www.investorshub.com ) has been ranking them high in terms of top forums lately. Below is their ranking on July 1, 2009
Rank Symbol Name No. Posts Links
1. SYNJ Syndication Inc 1110
2. SPNG Spongetech Delivery 720
3. TDGI Target Development G 394
4. WNBD Winning Brands Corpo 233
5. EVFL Evolution Fuels, Inc 222
Bottom Line: SPNG may be setting it's self up for another run into July. Not expecting it to be anywhere near the prior runup, but do think it will command 20 or 30 percent back to .15-.17. Continue to focus the support pattern developing around .11. Debate a small position at current levels (.11 range), possibly adding to it on next rally pullback, assuming a higher low.
LOLL true!! Just wait till July 17 when it's the SpongeBob anniversary.. mann that'll be huge...
Mat28
Orders are sales to the retail companies like CVS, Walgreens, etc. This is how SpongeTech makes revenue/profit.
Consumer sales are when the retail companies actually sell to the customers like you and me. SpongeTech doesn't make any money on these consumer sales but they will make more money if the retail stores run out of products and reorder more from SpongeTech.
Hope this helps..
Mat28
Will the 10k reveal the O/S? Or will the 10Q in august reveal the O/S?
Does anyone have in writing that the company is going to buy back more of the O/S?
As far as I'm concerned, the company can raise the A/S to 10Billion, but if they keep buying back more of the O/S, then it doesn't matter what the A/S is.
Someone please correct me if I'm wrong, but the company has thus far kept with all its promises including buying back the O/S, right?
Mat28
Here's a site that explains A/S, O/S, and RME:
http://stocks.about.com/od/understandingstocks/a/Shareterm113004.htm
LOLL I just bought three from CVS last night.. goo spng!
Thanks SB2010... did she also mention which SoCal Costco stores they're selling products at?
Pretty decent size volume so far today... 47,056,571, but the pps isn't rocketing yet.. anyone know if it's the MMs at work as usual?
Perfect time to be in SPNG today. =) The rest of the market is getting slaughtered out there...
Thanks for the update Frontline!!!
Mat28
Really??? Would you happen to know if Costco already has the carwash products on shelves? I've been looking for them in Costco but haven't found any on their stores or website yet.
Are they only in Sam's Club?
Here's something I found on corporate advertising: http://www.wisegeek.com/what-is-corporate-advertising.htm
"Corporate advertising is a promotional strategy that is designed to not only interest consumers in products and services offered by the company, but also to cultivate a positive reputation among consumers and others within the business world."
"The main function of corporate advertising is to generate and enhance a sense of confidence and appeal among vendors and consumers. Depending on the exact nature of the corporate marketing approach, the advertising may also be developed with an eye of enhancing the reputation of the company among its peers in a community or within a given sector of the marketplace. In any application, the idea is to build the most agreeable public image for the corporation as possible."
I agree Z4.
Corporate advertising can be just as effective as product advertising if you have several product lines like SpongeTech. Instead of marketing just one product, you can market your entire company, improve your brandawareness, and advertise all the products you have out at the same time.
Does anyone know if they're coming out with a dishwashing sponge preloaded with soap?
I never thought I'd look more forward to Monday than Friday... I can't wait for Monday already.. LOLL
I second that. Can you imagine sponge material preloaded with disinfecting liquid? You could continue reusing the sponge without discarding rolls of paper towels. This sounds great to me imho.
On the presentation, SpongeTech CEO mentioned the viacom projection of 20million for the SpongeBob release.
Mat28
Relax! We're longs, not daytraders.. hehe. =)
If you watch the presentation, the CEO hints at future products to be sold in WalMart and you can also see the WalMart logo in the slide with the several retailers currently carrying or will carry the products.
Mat28
The fundamentals are definitely what's keeping me long with this stock. There is some risk here... but I have so much more to gain assuming everything goes to plan... I'd feel so much worse if I took my money and missed the "BIG RUN".
I also reinvested at too high a price today, but i'm holding LONG! GO SPNG!!
Maybe so they can get in too when it's lower... LOL
Right after you make a sell, does ETrade let you use those same funds to make purchases later in the day?
I know in Scottrade you have to wait I think three business days for the sell order to settle before you can use those funds again to buy.
I've been chasing this stock since .13..... why won't my orders fill??
Scottrade sucks...
My buy orders aren't filling now for some reason.
Time to get back in!! Hurry!!