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Jason, et al.,
The problem from the get-go having been market level. From the point of early June in particular. The pps ascendance, that is, that led to criminal shorts proceeding as they did. Blogged nonsense followed by the boards-based FUD routine. The ongoing lies and deceit/distortion. Serving to seriously undermine an otherwise steadily ascending pps.
The problem, at no time from the point of operational refocusing on product development, having been operational in nature.
The numbers, as we currently understand them to be, representing reality. All associated detail that's been released via PR's and filings, etc. The undeniable to be very soon available for the perusing pleasure of all.
It being simply unfortunate that the trading suspension came to be. Unfortunate that criminal shorts have had the collective impact that they have.
With the reality being as earlier talked about. The launching, that is, of an informal investigation based on certain documents having, weeks ago, been filed with the SEC. Documents clearly outlining the existence of ongoing massive abusive shorting activities. The existence of a massive phantom float.
With an ongoing buy-in underway. As of this writing. And earlier.
The regulatory powers that be, in concert with SPNG management, having arrived at a meeting of the minds.
No longer a matter of the MOASS.
A matter, instead, of a controlled buy-in. The pre-existing massive phantom float to be very soon largely eliminated.
And folks were told.
Informed as to the actual goings-on. The how and why regarding the investigations. The informal such having advanced to the formal. General power of subpoena at hand. With those subpoenas served. Criminal shorts isolated and dealt with.
A meeting of the minds.
No longer a matter of the MOASS.
A matter, instead, of company true value being reflected at market level. And ongoingly so. As it should be.
Back, very soon, to being OTCBB quoted.
Market level ascending in line with company fundamental and operational realities. Ongoing advancement inclusive. Inclusive of no longer a massive phantom float in existence.
What it's all about. What it's been all about for weeks.
The solving of a problem.
A massive phantom float such.
And sure. There came the biting of that proverbial bullet. The inside, that is, after serious deliberation intent upon implementing a 1:100 reverse split. Intent upon achieving a senior listing the only way seen as achievable/doable at the time. An NCM listing. The only barrier to such being pps circumstance. All additional requirements largely in place. Fundamental and operational soundness. So on.
And now here we are.
Very soon back to being OTCBB quoted. A more than welcome end to being ongoingly grossly undervalued. A more than welcome end to ongoing abusive shorting activities.
The inside having prevailed. With a modicum of assistance from the regulatory powers that be.
As talked about.
And sure. There will be those among us more than suggestive of criminal shorts being let off easy. And understandably so. Given all.
The reality being, however, that the talked about meeting of the minds is for the overall best. Criminal shorts covering at lowest possible cost. A massive phantom float largely eliminated. SPNG management freed to proceed as was the case in early June. Market level steadily ascending in line with company fundamental and operational realities. In line with ongoing advancement.
The undeniable to be very soon available. For the perusing pleasure of all.
The faithful longs prevailing.
A pps far in advance of our interim High of $0.2851. The coming reality.
Ongoing fitting valuation. At the very least.
Long wait well worth it.
With a pps in the $1.00 area obviating the need for a reverse split of any magnitude.
America's Cleaning Company and a golden stamp of approval.
The golden bottom line.
The future wide open.
Company long-term success with no looking back.
A business plan and model successfully implemented.
Giving P&G an eventual run for its money.
The recent licensing agreement with Marvel Characters B.V. speaking to that which we earlier talked about. The coming release, that is, of new SKU's. New products coming very soon to market.
America's Cleaning Company
With yours truly now holding a position of 2.5m shares.
Goal achieved at lowest possible cost.
With payday imminent.
Long and strong indeed.
And all the best to you and the rest.
DL,
Present and accounted for.
Been quietly accumulating.
Now holding, long and strong, a position of 2.28m shares.
With many dissenters among us. A plethora of nonbelievers. Each and every of same playing host to an erroneous stance.
All being more than well for our budding empire. Business as usual behind-the-scenes. Burgeoning sales and the formulation of new marketing approaches. Welcome strategies. Gaining an ever-stronger retail presence. Preparing for the introduction of new products. Complete with new hirings.
Market level poised to soar in line with regaining the OTCBB quotation. The opening of the info./detail floodgates. Bringing the faithful fully up-to-date. Both formally and informally.
Fully advantaging a massive entering/adding opportunity being the smart thing to do.
A window of opportunity on the verge of closing.
An early Xmas present on the way.
Just who it is been right from the get-go.
Just who it is been wrong.
The 5.25m shares of GFGU common stock to be distributed in the form of a dividend.
Criminal shorts steamrolled.
Massive ROI.
The faithful longs rewarded.
The plan from the get-go.
Long and strong indeed.
Dumar,
The Form 211 and Addendum are filed with the FINRA OTC Compliance Unit. Complete with accompanying documentation in the form of issuer information. Inclusive of latest annual financials.
A filing made on behalf of the issuing company by that company's chosen representative MM.
A PR on the subject released in line with approval being granted. Formal notification, that is, to the referenced MM that an OTCBB quotation may be entered. SPNG returning to being OTCBB traded.
The referenced financials posted thereafter to the relevant database.
The view from the inside.
Staying tuned.
CR, et al.,
It having been said.
With none of it amounting to rocket science.
Job one.
Regaining the OTCBB quotation.
THEN the opening of the floodgates. PR's. Filings. More. Long-awaited formal word to hugely smile about. The big picture fully emerged. The undeniable.
Coming sessions representing the last opportunity to enter/add at current levels. As the FINRA review process smilingly completes. The Form 211 and Addendum having been filed. The accompanying documentation completed.
The massive upside in the offing. Volume soaring. Retail and institutional level involvement as talked about. The completion of due diligence.
Money flowing understandably in…
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p61199246198
MOA$$ time.
Payday!
Long-term successful company.
Almost home.
Natasha,
Payday is most assuredly on the way.
The coming financials to reflect in line with levelheaded expectation. Raw operational numbers as reflected in certain court documents that most of us are familiar with at this point.
The day of the faithful longs is coming in the absolute.
And thank you. And you're welcome.
As for being curious?
Once any particular filing has been EDGARized i.e., validated and converted by the EDGAR system to a certain and specific format compatible with the relevant SEC database, that filing is forwarded to the SEC on behalf of the issuing company. At which point the agency has three options available to it. With those three being to either…
Accept the submission.
Reject the submission.
Suspend the submission.
The agency proceeding in line with that which fits. Accepting in line with there being no outstanding issues of any kind, type, sort. Rejecting, perhaps, due to failure of the issuing company to pay any/all appropriate fee(s). Suspending, perhaps, courtesy of an ongoing investigation related to the issuing company. So on.
As for timing?
The EDGAR system validation and conversion process taking, generally, but a matter of hours upon initial receipt of any particular filing. With, depending upon the time of forwarding to the SEC, an accepted filing being posted to the relevant database either the same day or the next business day. The overall process being largely electronic in nature and thus rapidly executed. Given, that is, initial acceptance by both the EDGAR system and the SEC. No outstanding issues of any kind, type, sort.
And thank you again.
Dumar…
Indeed.
The shorts among us being an eclectic group.
FFB…
You're welcome and thank you.
What the eventual chain of events, in full, turns out to be is a current unknown. Events and precise order of operations. Pressures, in full, that the inside chooses to bring to bear inclusive. Not just those which are mandated. What we can say is that the long-term future of America's Cleaning Company is dependent upon achieving a senior listing. Gaining the NCM. ASAP.
The big picture.
With one best viewing the situation in the absence of the June ugliness. Had things progressed in the absence of criminal maneuverings. And a whole different scenario.
Early June seeing what it did, at market level, in the absence of self-serving manipulation. An interim High of $0.2851 achieved. The entirety of the downside emerging as a direct consequence of external factors alone. Nothing fundamental. Nothing operational. No intense dilutive activities. No managerial incompetence. No lack of fiduciary duty. So on. Factors entirely external in nature providing the impetus. A flood of lies and deceit/distortion. With the whole of it having boiled down to that which it has.
The inside having fought a valiant battle. Getting the fundamental and operational job done. Ongoing business plan and model implementation. With the beauty of it all being that achieving the needed senior listing will now come about the shareholder respectful way. The entirety of the situation viewable as a blessing.
Had the criminal maneuverings not transpired?
Well, certainly, market level would have advanced from our interim High of $0.2851 in line with ongoing fundamental and operational advancement as talked about. The shorts forced to cover. The Drakeford & Drakeford setback viewable in a different light.
Had the earlier declared stock consolidation been implemented?
Well, our knowing. The needed senior listing achieved. A win overall but for the sought-after ROI.
And now?
Well, now we have what we have. The big picture about to emerge. In full. The undeniable. Numbers all of past, present and future to smile about. Inclusive of favorable share structure adjustments. A permanent end to the twisting of reality routine seriously impacting the weak-handed among us. The retail fence-sitters flooding in. Institutional monies additionally. The regulatory powers that be finally biting and not just barking. Doing right by the little guy/gal. The criminal shorts forced to cover. Massive buy-in.
Factoring in whatever additional pressures the inside chooses to bring to bear. Share dividend. So on.
Factoring in continued fundamental and operational advancement. The ramping up of the fiscal '10 marketing budget to the $20m area. The 100,000 or so retail placement target. The 100 or so SKU target. The expectation of gross margins accretion. So on.
What it's all boiled down to.
A blessing indeed.
The sought-after ROI. Gaining the needed senior listing the shareholder respectful way.
The day of the faithful longs almost upon us.
In the beginning all being rosy. Early June. The criminal shorts and their minions then emerging. Almost forcing a consolidation of the Outstanding stock. The goings-on leading to that which they have. The long-term future of America's Cleaning Company as close to graven in stone as one can get.
Market level poised to explode.
The massive upside.
All that same precipitates.
Long-term success.
And a pleasure, as always, to hear from you.
All the best.
To all.
You're welcome and thank you.
Naked,
You're welcome.
And thank you.
And taking another look…
'On November 5, 2009, SpongeTech Delivery Systems, Inc. ... and R.M. Enterprises International Inc. ... entered into a Settlement Agreement ... with GetFugu, Inc.'
[ SpongeTech Delivery Systems, Inc. ... and R.M. Enterprises International Inc. ]
'By way of background, on September 8, 2009, SpongeTech announced that it intended to invest $4 million into GetFugu`s mobile-based web search and e-commerce technology. An aggregate of $1,750,000 was advanced to GetFugu in anticipation of the entry into a definitive investment agreement.'
[ aggregate of $1,750,000 ]
'On September 30, 2009, SpongeTech filed a lawsuit in the United States District Court for the Southern District of New York against GetFugu… .'
[ SpongeTech filed a lawsuit ]
'Pursuant to the Settlement Agreement, the parties agreed to an immediate dismissal of the Lawsuit with prejudice, and each of SpongeTech and RM released GetFugu, and GetFugu released each of SpongeTech and RM, from any claims, rights, damages or obligations against the other … .'
[ SpongeTech and RM released GetFugu, and GetFugu released each of SpongeTech and RM ]
'In addition, GetFugu agreed to issue to SpongeTech and RM an aggregate of 5,250,525 shares of common stock of GetFugu ... in consideration for the $1,750,000 which GetFugu had previously received ... SpongeTech will also be placed on GetFugu’s mobile search platform.'
[ issue to SpongeTech and RM an aggregate of 5,250,525 shares ]
[ SpongeTech will also be placed on GetFugu’s mobile search platform ]
'In consideration for the sum of One Million, Seven Hundred and Fifty Thousand ($1,750,000.00) Dollars, receipt of which is hereby acknowledged, GetFugu shall issue to R.M., Five Million, Two Hundred Fifty Thousand Five Hundred Twenty-Five (5,250,525) shares of common stock of GetFugu, Inc… .'
There being a great many among us entirely adept at seeing that which isn't there.
The exact terms of the initial preliminary agreement being an unknown. The exact terms of the settlement and definitive agreement maintained as confidential.
What we can say is that the involved monies are 'aggregate' in nature as is the involved equity.
As to why the single block issuance to R.M.? Complete with right of transfer to SpongeTech?
Seen, obviously, as being for the overall best from a business perspective. Being in the best interest of shareholders. So on.
As for the MOASS?
The breakout we seek is coming. A matter of getting all those ducks in a row. Starting with regaining the OTCBB quotation.
A PR on the subject on the way.
As for the $1.00 area?
In the absolute. Company true value circumstance at a minimum.
Once the big picture emerges? In full? The undeniable?
All hell breaks loose!
And recalling our interim High of $0.2851 and climbing.
Until!
A time when company true value circumstance was but a fraction of the current reality. Factoring in raw operational numbers and favorable share structure adjustments, etc. Fundamental and operational advancement inclusive of the Dicon acquisition. Factoring in, additionally, retail fence-sitters, institutional monies and a modicum of assistance from the regulatory powers that be in eliciting disgorgement of ill-gotten gain in full. Close thereto.
Game over!
The massive upside.
As for the financials?
A matter of the right trading venue before being posted. Regaining the OTCBB quotation.
As for Deloitte?
To be approached down the road with precious little doubt. Deloitte doubtless jumping at the opportunity.
Long and strong indeed.
Jay…
Nicely done.
Well-written.
Well thought-out.
A pleasant read.
Thank you to all.
Jeff/Carol,
Previously there was no definitive agreement in place…
'An aggregate of $1,750,000 was advanced to GetFugu in anticipation of the entry into a definitive investment agreement.'
[ in anticipation of ]
The forwarding of the referenced monies tied to advancement from the preliminary to the definitive with said definitive now in place. The granting of piggy-back registration rights coming as no surprise given the recent soft launch of GetFugu's primary technology. A business plan and model, like those of SpongeTech, holding tremendous long-term potential. But not in the obvious absence of the necessary operating and growth/expansion capital being in place.
And in the case of SpongeTech we have a matter of capital routinely raised courtesy of a related party in the form of R.M. Enterprises. Equity-based capital. Equity having been repurchased in large part. At the original prices paid. The involved 40% discount to market level (at the relevant times) equating to a matter of risk. Market level and the potential downside.
The bottom line being that SpongeTech has been, and is being, built on management's dime. Having invested their own money. Maintaining the parent company as entirely debt-free with minimalist dilutive activity. The Dicon acquisition inclusive.
The OTC atypical. With the OTC typical amounting to massive debt load coupled with massive and ongoing dilutive activities.
None of it amounting to rocket science.
The acquisition of Dicon, as a wholly owned subsidiary, amounting to an astute business move. The GetFugu definitive no less so.
It being simply unfortunate that SpongeTech was the long ago target of abusive shorting activities. A situation having precipitated that which it did as of June 11th. The blogged nonsense with the follow-up FUD routine.
And is it mere coincidence that market level achieves the $0.25 level and blogged nonsense suddenly emerges? Mere coincidence that a pps of $0.2851 is achieved just hours later followed by the FUD routine? A boards-based blitz of lies and deceit/distortion?
Mere coincidence?
And it most assuredly would've been game over, weeks ago, had it not been for the Drakeford & Drakeford setback.
And we labeled the lies and deceit/distortion routine as being a blessing in disguise. The bringing in of a great many eyes as the truth emerged. Market level soaring accordingly. Part of that emerging truth amounting to certain documentation having been filed with the SEC. Documentation relating to a certain massive phantom float. The exposing of the reality. With an informal investigation thereafter launched. The company's greatest detractors succeeding in twisting the eventual launch of a formal investigation into that which had the weak-handed scrambling.
And so be it.
A matter of game over.
Far from as timely as hoped for but on the way.
Back to being OTCBB quoted and all.
And our good friend Dalessan said it best...
"a long tough road"
For sure and for certain.
The faithful longs having stood fast. A formidable collective force in the face of the constant twisting of reality routine. Entrenched interests and their minions hard at work. Struggling mightily in vain.
The undeniable on the way.
Game over!
And noting the telling technical. The change in sentiment…
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=0&dy=10&id=p31499790539
Money flow back to positive. Trending up over multiple sessions.
White candlestick formation. The Close relative to the High.
The EMA(2) crossed above both the EMA(5) and EMA(10) with the EMA(5) trending toward a positive crossover of the EMA(10). Confirmation.
Breakout in the making.
The right spark/catalyst sending market level soaring.
Institutional level monies joining in the festivities as talked about.
MOASS time!
And have a good one.
You and the rest.
Thank you for the many replies.
The many kind comments.
Greatly appreciated.
And you're welcome.
SD…
There are a number of 'groups' one could realistically label as being 'in the know' regarding America's Cleaning Company and the goings-on behind-the-scenes. One such group I have an e-mail-based connection to. Another such having recently contacted me. Seeking my input/involvement. My having not responded for several certain and specific reasons that I won't, herein, get into.
The group that I do regularly correspond with I've labeled, in the past, as the 'grapevine folks'. Many of whom having a much closer connection to the inside than do I. With my sharing, accordingly, as I do. In the various ways I do. Inclusive, for example, of the earlier private side chatter about exciting formal word to come. That which turned out, at the time, to be a combination of the launching of the new corporate website and the retaining of the services of Deloitte and what closely followed. Additionally, the earlier chatter regarding a possible buyout. Ongoing private side word of there being three offers on the table with one of same being seriously considered. Considered, in the end, to be insufficient in scope. Seen as being low-ball and dismissed. With Bill Young having made plain the fact of a buyout or merger being an "always on the table" option. Additionally, as of just prior to last trading week, private side chatter strongly suggestive of exciting events soon emerging. Seriously positively impacting market level. A blitz of PR's and filings and the related. And indeed. The start of it all.
On the whole?
The grapevine folks having largely proved up over time. With a need of considering that circumstances change. Being in a state of constant flux. Not always a matter of things graven in stone. Simple reality. Life in general. Not just big business and such.
The bottom line being that I share what I can when I can. And only when the referenced chatter, in my estimate, is worthy. Worthy of being publicly shared. Additionally, my always doing my best to add as much value, in general, to the board as I can. And, also, can always be expected to support my own investing/trading interest in the absence of inarguable reason to proceed otherwise. Simple common sense.
And on the subject of abusive shorting?
The story having been made plain. Spanning years. An organized campaign to thwart all. To seriously undermine a public company and its management team. Entrenched interests seeking to hugely criminally profit. Ill-gotten gain retained in full. With the inside rightly determined to fight back. To not allow criminals to walk free. Million$ in hand.
The end for the criminal shorts being in the offing. The point at which market level soars with no looking back. The point at which no amount of lies and deceit/distortion can impact the weak-handed among us to any worthwhile degree.
The big picture emerging. In full. The undeniable.
Game over!
The white hats prevailing.
And as for our good friend DarkLady?
Our good friend being entirely trustworthy. Complete with a worthwhile 'connection'. Posted words worth heeding.
And there I'll leave it but for bearing in mind the aforementioned. That circumstances change. Being in a state of constant flux. That the referenced entrenched interests have had a tangible impact. The weak-handed caving in. Believing that which should be ignored. Having sadly locked-in massive losses. Some of same in excess of $100k as we've heard.
Truly sad.
The Drakeford & Drakeford revocation having opened a window of opportunity as talked about. An unfortunate circumstance. And so be it.
The bottom line being that all is well.
America's Cleaning Company and its management team.
Fundamental and operational soundness.
Staggering rate of growth/expansion.
A rate forecast to continue. Factoring in the ramping up of the fiscal '10 marketing budget to the $20m area. The 100,000 or so retail placement target. The 100 or so SKU target. The expectation of gross margins accretion. The to-smile-about rest of it.
Bill Young having made clear the fact that, were management deliberately perpetrating any kind/type/sort of scam, he wouldn't be working for the company. And entirely believable same is. With a need, additionally, of considering not just management but company BoD in full.
Much to consider. To give thought to.
And, so, a blitz.
PR's and filings and the related.
The big picture emerging. In full. The undeniable.
The end of the road for the criminal shorts.
The faithful longs prevailing.
To be massively rewarded.
Long-term successful company.
What it's, in the absolute, all about.
And thank you for writing.
And all the best.
Starfire…
Management, as we've heard, was earlier considering the declaration of a share dividend. Opting instead, after serious deliberation, for a 1:100 consolidation of the Outstanding stock. A situation forced by circumstance. Management loathe to so proceed but forced, under the circumstances, to go that particular route. Our well-knowing that achieving, at a minimum, a stable pps in the $1.00 area could be successfully leveraged in eliciting an NCM listing. But in light of the unrelenting lies and deceit/distortion routine? Well, no such. Too many of the weak-handed among us having caved in.
And how about now? How about following the emergence of the big picture? In full? The undeniable?
The MOASS precipitated?
A share dividend is a possibility. Added pressure as talked about. And with the called-for degree of close attention to the situation from the inside, and the regulatory powers that be, the DTCC and related entities can be prevented from successfully executing (if) any self-serving antics such as creating a phantom 'dividend' for every phantom 'share' or block of 'shares'.
We shall see.
Just and exactly what added pressures the inside chooses to bring to bear.
Jay…
Hello to you.
And you're welcome and thank you.
As for the $4.00?
The subpoenas having been served. Directed as called for. The relevant task force seeing things through to a justified end.
With $4.00 being the rightful least of it.
Dalessan…
You're welcome.
And "a long tough road"?
And a mouthful for sure.
Redemption on the way.
Holding tight.
Pearson…
You're welcome.
As for the question?
A matter of not reading more into the situation than is actually there.
NITE being the big fish in the pond. Seeing, routinely, the lion's share of the order flow. Many smaller broker-dealer's channeling their own orders through NITE. For speed of execution purposes. Not necessarily best price execution.
A little something to consider.
Payday.
She be a comin'!
Thank you for the replies.
Lindsey, et al.,
The mechanics of it all I shared in an earlier post (from early August). Distribution of a share dividend inclusive. The post, in part, reproduced below (postscript).
And bearing in mind the nascent level of institutional involvement to date...
Howe Barnes Capital Management, Inc. … 162,000
Fisher Investments … 90,000
AMI Investment Management, Inc. … 40,000
Janney Montgomery Scott LLC … 40,000
Indiana Trust & Investment Management CO … 40,000
Inverness Counsel, Inc. … 10,000
The excitement having commenced as outlined. With our coming trading week to see a serious ramping up of same.
And once the big picture emerges? In full? The undeniable?
Well, an understandable flood of monies coming in from sources both retail and institutional. Huge institutional level interest as market level soars. In line with the full fundamental and operational picture of America's Cleaning Company. Earnings all of past, present and future with the future being the crux. Our current fiscal year shaping up to be truly huge as outlined. A major step forward. Toward the stated target of $500m plus in yearly gross revenues. Giving P&G an eventual run for its money.
As for the MOASS?
Just think of it in all-encompassing terms...
(1) Bill Young...
"at the end of the day profitability wins"
"revenue and profit that's our plan"
(2) The big picture emerging in full. The undeniable.
(3) A modicum of assistance from the regulatory powers that be.
(4) An understandable flood of retail and institutional level monies coming in.
(5) Potential share dividend.
(6) The relevant rest of it. Inclusive of regaining the OTCBB quotation.
(7) No escape.
No escape being the reality from the get-go. As more than clearly evinced courtesy of an unrelenting campaign of lies and deceit/distortion being afoot. Futile attempt at undermining a rapidly growing/expanding fundamentally and operationally sound public company and its management team. Criminals hard at work vainly attempting to ward off financial disaster for themselves.
The needed pressure. A combination of factors.
In short?
The shorts are screwed.
Royally!
Forced at this juncture to grovel for the needed certs.
Nowhere to go but up.
And hugely so!
P.S.,
--------------------
Mark...
Seeing as how rectifying the phantom shares situation is as critical as it is to achieving longer-term company goals? Well, we'll take the time and trouble to break the situation down in as great as detail as possible. From start to finish.
And a few considerations to get us started:
1_
We don't know that a hedge fund(s) is/are involved. Only that such fits. Inclusive of the brazen contact with management. The attempt to 'legitimize'. Could be a matter of a broker-dealer(s) acting unilaterally. Trademark MM abuse. No third party(ies) collusion.
2_
The current Reg. SHO flagging. Exactly what same means.
3_
The regulatory environment. The current such vs. that which existed in prior years. Inclusive of 2007 when serious managerial concern arose. Phantom shares situation.
And, so, okay. We know that management is on a mission. A mission to fight back. To not allow the phantom shares situation to undermine all. Well-realizing that, at times, we have average daily volume statistics that are not in line with actual tradable float circumstance. The numbers simply not adding up. Clear evidence of phantom shares being in the marketplace. And how, exactly, does management go about fighting back? The actual mechanics involved?
And breaking it all down...
1_
Management starts with the consideration that there are two floats. The one associated with actual company issuances over time and the one registered at an entity called Cede & Company. An entity controlled by the DTCC.
2_
Management launches a comparison process of the two pools of 'equity'. Via a request to company TA for both a comprehensive shareholder list plus Cede & Company holdings detail.
3_
The comparison process continues via a request for the company's NOBO list from ADP: Investor Communication Services. (ADP = Automated Data Processing, Inc.)
4_
Process continues via a request to ADP for what's known as a Share Range Analysis report. A full accounting of both NOBO and OBO detail. Shareholder totals. Holdings statistics. ADP being a data processor. Providing a vast array of statistical/analysis services.
5_
The actual comparison is made. Tradable float circumstance. TA detail plus Cede & Company detail vs. the Share Range Analysis detail. A comparison handled by company legal and accounting. A comparison that will reveal any/all (if) discrepancy(ies) i.e., the existence of phantom shares. The actual extent of the abuse.
6_
Based on the results. A finding as anticipated. Phantom shares in abundance in the marketplace? Take action to fight back. Trim company share structure as called for via buyback(s) and cancellations. Trim company Authorized count additionally. So on. Setting the stage. Trap. Noose. Reducing the amount of freely trading stock available for open market purchase(s) and to borrow against.
And if there is insufficient cash available to accomplish the full share structure goal via internal means alone? Well, bring in an accredited investor, or two, interested in participating. Via a significant open market purchase(s) and having, then, the acquired position(s) removed from Cede & Company by way of reverse DWAC (Deposit/Withdrawal At Custodian). A debiting of Cede & Company's accounts. With the same process being available to management directly. Shares acquired via open market buyback(s) removed to treasury.
7_
Make clear the situation to all of the SEC, FINRA and the DTCC. No misunderstandings. Everything out in the open. No mistakes. Clarity in full.
8_
Prepare for the MOASS. The forcing of a massive buy-in. The point at which things can get complicated. If it is the case that a hedge fund(s) is/are involved? Well, management could opt for the litigation route. Criminal fraud proceedings. If it's a matter of a broker-dealer(s) acting unilaterally? No third party(ies) collusion? A different situation given bona fide market making considerations. And much else. Inclusive of ex-clearing goings-on.
The good news being that the SEC is in the throes of establishing rules/regs. that will mandate a buy-in(s) as called for. That will disallow entities such as the DTCC/NSCC from acting in collusion with broker-dealers (participants) in maintaining delivery/settlement failures. The whole of it being worked on as of this writing. No more tolerating the breaching of established mandates. Regulatory framework abuse. And on a more direct level? Well, whether a hedge fund(s) involved or no, management having several direct squeezing options available to them.
And...
a)
A mandatory share certificate exchange. Assignment of a new CUSIP number via application to the CUSIP Service Bureau. Legal ownership separated from the phantom shares reality. The NCSS forced to reconcile. The forcing of a massive buy-in.
b)
Declaration of a 100% share dividend. For each share legally owned an additional share would be issued. Company TA would prepare and issue, to the NSCC, a certificate for the requisite number of shares (Issued and Outstanding count). To be distributed as called for. In line with the 1:1 declaration. A reconciling. And the phantom shares? Those which have been proven to exist as outlined above? How does the NSCC go about distributing in that regard? The forcing of a massive buy-in.
c)
There being other options available. Other approaches. And/or combination of such. Depending upon overall circumstance. Inclusive of regulatory pressures coming to bear. Leveraging the powers that be. Inclusive of the justice system. Just and exactly what the actual plan is? We cannot say. Litigation considerations and all. What we can say is that management continues to set the stage. The trap. The noose. Seeing to it that when push does come to shove the involved parties will be madly scrambling to climb out from under. With market level soaring.
--------------------
Jeff, et al.,
(September 8)
'SpongeTech will be the first company to utilize GetFugu’s innovative mobile search platform.'
[ the first company ]
(November 6)
'Under the terms agreed to by the parties, SpongeTech will be one of the first companies to utilize GetFugu’s innovative mobile search platform.'
[ one of the first companies ]
Saying all same has to/needs to.
Stentorian voiced.
Additionally...
(September 8)
'“SpongeTech expects to be in over 100,000 locations nationwide by the end of the year. Purchases of our products are primarily impulse oriented, driven by our extensive branding and advertising campaigns. As we look to immediately satisfy our customers demand, utilizing the most personal and accessible device available, GetFugu will literally change the way consumers behave,” commented COO of SpongeTech, Steven Moskowitz.'
'“Since SpongeTech derives most of their revenue from television advertising, it makes sense for them to partner with a company they believe could accomplish this breakthrough in technology, which will result in a sales engine never before seen,” commented Rich Jenkins, GetFugu’s co-founder and head of business development.'
Moving ahead under good faith circumstances. Significant mutual benefit. Synergy.
And only the beginning.
Golden ground floor opportunity.
Inclusive of the mother of all short squeezes in the making.
All involved very soon waking up to certain realities.
Massive ROI.
With a modicum of assistance from the regulatory powers that be.
And have a great weekend.
All.
Alex,
Most assuredly.
Posted by: ozz112...
(August 24)
"900 Million A/S..Let's get ready to rumble!!!!!"
(August 24)
"Naysayers buried. Shorts scrambling. Everything thing they have been saying for weeks comfirmed to be 100% completely FALSE!"
(August 26)
"Pure gibberish. You don't bring Deloitte and Touche, one of the world's most respected accounting/auditing firms, to the table if you have obvious fraudulant activity to hide. Desperate tactics at hand again. I don't blame them though, we break .20 tomorrow and it could go anywhere from there. I'm an accountant turned pharmacist, so I speak from experience."
(August 26)
"I'm going to get me one of those new Dodge Challengers as a NAZDAQ uplisting gift for myself....those are hot"
Speaking from experience.
Of course.
Kyle, et al.,
Found here…
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=te&bn=100008&tid=12201&mid=12201&tof=1&frt=2#12201
The rest of the to-smile-about story on the way.
The massive upside.
Almost home.
Thank you to all.
Carol, et al.,
Lift-off in terms of the behind-the-scenes goings-on has begun. All of that which will precipitate lift-off at market level.
Our having spoken at length about certain documents having, weeks ago, been filed with the SEC. Documents painting a telling picture. A massive phantom float such. Massive abuse. Criminal activities.
The coming numbers, both audited and not so, painting additionally a telling picture. A picture precisely in line with level-headed expectation. Favorable share structure adjustments and all.
A golden ground floor opportunity with a little MOASS thrown in for good measure.
The clear-thinking among us having loaded up big time!
Truly massive green on the way.
The dollars variety.
And as requested...
--------------
(November 3)
Hi Gang,
Those that have constantly derided all positive comments concerning the company, their day is soon to come.
There will be a massive amount of information released in a relatively short time that will completely turn upside down the trading in this company.
The 211 is done and waiting at our MM for the release of the other information. The first to come should be the RM 3. this will be closely followed by the k and q. The k will show a significant reduction in the OS. So significant that it will surely cause some consternation among the shorts. Along with that information will be the announcement of the TO which will surely start the squeeze.
All who have held on through the constant barrage of insults and assaults will be richly rewarded. Relax and remain stead fast in your commitment.
Take Care,
Darklady
--------------
J.A., et al.,
It's all about focusing on the best and forgetting the rest.
It being never any different.
Letting mindlessly yammer whomever wishes to.
My having made a decision to not again post until my latest Buy orders were filled in full. My having taken full advantage of a massive entering/adding opportunity alongside myriad clear-thinking others. Those able to get past the trees to the forest. Loading up accordingly.
Our coming trading week representing the start of the massive upside to come. Massive green for reason more than one. As long talked about. The associated detail to become abundantly clear to all involved.
America's Cleaning Company having long been under siege. Criminals hard at work vainly attempting to prevent financial disaster for themselves. An ongoing campaign of lies and deceit/distortion afoot.
The whole of the criminality about to come unraveled in the best collective way possible. The faithful longs massively rewarded.
The beginning of an enduring upside journey.
Market level soaring as befits.
The big picture.
Long-term successful company.
And recalling…
(Bill Young)
"at the end of the day profitability wins"
"revenue and profit that's our plan"
The massive upside for reason more than one.
Complete with a modicum of assistance from the regulatory powers that be.
Staying tuned as the big picture emerges in full.
The undeniable.
Golden ground floor opportunity.
Long-term successful company.
And a pleasant weekend to all.
Cav, et al.,
Financials have been filed.
Soon to be posted.
The numbers reflecting in line with level-headed expectation. Fiscal '09 gross revenues in the $55m area. Period bottom line in the $11m area. Outstanding count in the 500m area. Q1/'10 numbers in line with PR'd and filed detail. Wholly to smile about. October detail inclusive.
Letting rant and rave whomever wishes to.
Simply focusing on the fact of a far-reaching campaign having been afoot for months. Egregious attempt at undermining all. A publicly traded company and its management team and shareholder base otherwise. Criminals hard at work vainly attempting to prevent financial disaster for themselves. A massive phantom float built up over years.
It coming as no surprise that said criminals would proceed as they have. Toiling mightily. Having contacted the inside on more than one occasion. Seeking to 'legitimize' the criminal goings-on. Being unceremoniously told where to get off. Pointed in the general direction of the open market. The only option. Buy-in.
The least costly answer for them being, therefore, to tank market level as needed. A campaign of lies and deceit/distortion afoot accordingly. Many of the innocent having been successfully manipulated into locking-in massive losses. Playing into the hands of criminals. Handing same temporary victory. A sad story.
Much of the twisting focus being on the company's limited number of customers over the years. Having grown from one primary to six such. The latest detail for the first nine months of fiscal '09. The vast majority of period gross revenues. Five of those six being not traceable. And far from surprisingly so.
The six being…
'SA Trading Company, US Asia Trading, Dubai Export Import Company, Fesco Sales Corp., New Century Media and Walgreens'
Walgreens being a retail chain. The other five being distributors. Distributors based globally. Inclusive of Russia, the Middle East, Central America, South America, Hawaii and the European Union. Distributors that could, very easily, be lost to America's Cleaning Company were the 'enemy', and the competition otherwise, made aware of the full nature of same. Corporate detail in full. The six customers, again, together accounting for the vast majority of the fiscal '09 gross revenues. It therefore coming as no surprise that the inside has proceeded as they have. Publicly releasing only limited detail.
And recalling…
(September 25)
'The recent press reports regarding SpongeTech are inaccurate. The major customers cited in the SpongeTech’s financial statements for the fiscal third quarter of 2009 are all current and active customers of the Company. We believe that a number of documents cited in press reports about the Company are Internet forgeries being used by short sellers and stock speculators to undermine the integrity of the Company and profit from the adverse publicity.'
[ The major customers cited in the SpongeTech’s financial statements for the fiscal third quarter of 2009 are all current and active customers of the Company. ]
Limited detail publicly released by necessity. The relevant SEC task force having been made fully aware. But no such release publicly. A business decision. A need of keeping the 'enemy', and competition otherwise, at bay. Smart maneuvering.
And, so and again, simply focusing on the best and forgetting the rest.
Our coming trading week amounting to the end of the road for the referenced criminals. No longer a window of opportunity to twist reality. A golden stamp of approval courtesy of the SEC. Massive forward momentum.
And recalling the 300m position at $0.03. The recent appeal to the inside. Laughed at and dismissed. Criminals thus vainly hopeful of market level tanking post-suspension. But no such. Market level soaring being the reality. In line with the undeniable. Massive gross undervaluation.
And Bill Young again…
"They are not that worried about it because they are profitable "and at the end of the day profitability wins"."
"revenue and profit that's our plan"
What it's all about. The forcing of a massive buy-in. Poetic justice.
Our coming trading week poised to be huge.
The SEC and a golden stamp of approval. Telling numbers. The undeniable. No arguing whatsoever. Neither audited nor unaudited. The reasoning being glaringly obvious.
No longer a window of opportunity.
The understandable massive buy-side. Everyone and his/her dog. The big money folks inclusive. Completion of due diligence.
The faithful longs triumphant.
Deloitte having stepped aside. An unfortunate consequence with management moving on for the nonce. Approaching Deloitte at a later date. The litigation issues settled/largely settled. So on.
The referenced criminals having had their day. No argument. Having temporarily impacted much. The innocent being caught up inclusive. The whole of the goings-on amounting to a mountain of libel and slander with the inside fighting back. Meritless allegations, etc. The inside having acted in obvious good faith relative to both GetFugu and Cresta. Having forwarded monies as called for. The defendants/pending defendants having acted in obvious bad faith. The inside seeking full redress accordingly. Inclusive of all of compensatory, punitive and exemplary damages. Multiple million$. Frivolous litigation proceedings to be similarly dealt with. Trademark infringement proceedings additionally launched. Fighting back. Seeking full redress.
Focusing on the best and forgetting the rest.
The numbers being real. Gross revenues on down. The whole of it. Hugely to smile about. The future wide open. Golden stamp of approval. The finest of management teams getting the job done. The bringing of value. Having fought a massively uphill battle from the mid-June area onward. A far-reaching campaign of lies and deceit/distortion. But no more. All of the twisting routine having come to a permanent end. No longer a window of opportunity. The undeniable on the way.
Reality plain and simple.
And Bill Young again…
"They are not that worried about it because they are profitable "and at the end of the day profitability wins"."
"revenue and profit that's our plan"
And indeed.
A plan seeing criminals scrambling. Our coming trading week. The painting of a picture. A hugely welcome end to the mindless bailing. The innocent finally seeing the light.
America's Cleaning Company
The targeting of 100 or so SKU's. Retail placement in the 100.000 area. Gross revenues of $500m plus. Gross margins accretion. The best products yet to arrive.
Building massively on the undeniable set to arrive. Numbers sending market level soaring.
Massive gross undervaluation.
Understandable accumulation.
Completion of due diligence.
Massive buy-in.
MOASS time!
No longer a window of opportunity. A permanent end to the libel and slander. The inside fighting back. Bill Young having distilled the situation down to its most basic.
The undeniable.
Massive ROI.
Long-term successful company.
Jason…
'Mr. Lazaukas, one of our directors, serves also as President of FJL Enterprises, Inc. and TNJ Enterprises, Inc., which own and operate eight Dominos Pizza Stores, and serves as a director of Vanity Holdings, Inc.'
And who more than our redoubtable leaders are deserving of a "pie" or three now and then?
Hmm?
And all the best.
To all.
Thank you to all.
Kij, et al…
Affirmative.
And telling, it is, to note the level of frustration among the company's greatest detractors when same are faced with the inarguable.
It surprising one to note additionally the absence, to date, of any attempt at a rumor or two surrounding the Dicon acquisition having supposedly been unwound. Or the subsidiary otherwise divested. Some laughable such. The comedy routine surrounding the coming unaudited financials yet to get underway. The continued grasping at straws routine.
The saddest part being the degree of fatalism among the innocent. The degree to which same have allowed themselves to be led astray. Believing utter nonsense. Many having locked-in massive losses. Sadly based on a mountain of libel and slander.
Those of us more steadfast, less prone to being manipulated, continuing to fight the good fight. Supporting one's own investing/trading interest in the absence of inarguable reason to proceed otherwise. Being far from fatalistic. Seeing the reality. The fact of an organized campaign afoot for months. Lies and deceit/distortion. Criminals at work averting financial disaster for themselves. An exercise in futility. The end for them but hours away.
The telling truth emerging.
Nowhere to run. Nowhere to hide. No longer an open window of opportunity to twist realty. To sway the innocent into believing utter nonsense and far worse.
The necessary documentation having, weeks ago, been submitted to the SEC and other relevant entities. An informal investigation launched. Morphing as called for thereafter. Based on the findings over time. Massive phantom float. An organized campaign of lies and deceit/distortion. A mountain of libel and slander. The SEC now run by an individual determined to no longer allow a few hundred folks on Wall Street, and their cohorts, to rob blind the innocent. The little guy/gal. Determined to honor the agency's primary mandate.
The coming financials, both audited and otherwise, cementing the reality.
America's Cleaning Company
The fatalistic among us seeing the light. Waking up.
A welcome and poetic justice end to a campaign of the twisting of reality. Criminals forced to disgorge ill-gotten gain in full. Potential litigation directed as called for. As opposed to the mindless frivolous. Rapacious greed.
The faithful longs triumphant.
Market level soaring.
Massive gross undervaluation reality.
Massive buy-in.
Completion of due diligence.
MOASS time!
The advent of a reverse split having emerged as a direct consequence of egregious manipulation. A campaign of vileness. From the point of June 11th onward. Blogged nonsense and worse. Short on fact and long on fiction. Preying on the innocent. Those timid souls susceptible to manipulation. Sadly hoodwinked into having locked-in massive losses.
The whole of it permanently undermined in but a matter of hours. No longer a window of opportunity for criminals to exploit.
The door, at long last, wide open to market level achieving, at the very least, parity with company true value circumstance. Where same was headed in early June prior to the vileness getting underway.
The road ahead being what it is. The inside free to get on with getting on in the absence of fighting an uphill battle. A mountain of libel and slander. The company's registered MM's playing nice. No longer justified in thwarting the upside. In positioning largely short.
A permanent end to being massively grossly undervalued.
A pps in the $1.00 area obviating the need for a reverse split.
The NASDAQ folks being open, as never previously, to the pps waiver appeal. The associated reasoning being more than obvious.
The faithful longs triumphant.
Having held through thick and thin.
Poetic justice as the regulatory powers that be turn the tables on deserving criminals.
No longer a case of the SEC sitting on those proverbial hands as the little guy/gal is subjected to the self-serving whims of the rapaciously greedy. Criminals of the highest order. Having pocketed trillion$ in ill-gotten gain over decades.
Not with a clear-thinking White House at long last.
America's Cleaning Company
Giving P&G a run for its money.
The inside free to get on with getting on.
Wholly unimpeded.
Market level soaring accordingly.
A matter of hours.
And have a good one.
All.
Thank you to all.
Carol, et al….
As was noted previously, it's a facile task to paint a false picture. To sow seeds of doubt. To have the innocent questioning the soundness of their own judgment.
A great many among us having placed themselves in the unenviable position of having to, within hours, eat their own oft-repeated words. Being forced to dine on crow.
And telling, it will be, just who of same in possession of the necessary general level of decency, and intestinal fortitude otherwise, to publicly proclaim his/her misguided ways.
We shall see.
It behooving one to note the chain of events surrounding the late arrival of the Form 10-K.
The fact of the July 16th resignation of Drakeford & Drakeford. The transitioning, thereafter, to Robison, Hill & Co. Precipitating a delay in the auditing proceedings. The, thereafter, September 11th SEC notification of the fiscal '08 re-audit requirement. Precipitating an additional delay.
Our having been informed, courtesy of a certain excitable party among us, of the company's new auditor refusing, thereafter, to sign off on the ready-for-primetime numbers.
All set to go but for SEC dominion regarding the fiscal '08 re-audit. A consequence of D&D's registration revocation.
And with all of same said?
Well. let's say that at the point at which the financials were initially ready to be signed off on, it was the case that the raw numbers materially differed from those having been presented over time via PR and other company-related sources. Materially different to the point of an obvious fraud having been perpetrated. Blatant criminality.
And what, do you suppose, would be Robison's reaction to such a finding?
And how about company legal?
How about company BoD?
Factoring in SEC involvement.
And time, just maybe, to wake up?
The inside having been unsurprisingly insistent, regarding the initial sign off, courtesy of the fact of the fiscal '08 re-audit amounting to nothing more than a formality. Knowing full well that the prospect of a material restatement was a nonissue. The inside anxious to get the financials filed. Robison, on the other hand, insistent of the re-audit. The fiscal '08 bit of business first. Even though just, again, a formality.
Nothing more. No restatement. Material or otherwise.
The only restatement coming in the form of a matter of "international taxes". The fiscal '09 bottom line materially restated to the upside. The numbers having undergone a review by Deloitte. The referenced "taxes" situation, as we've heard, being a matter of great import given the extremely rapid growth/expansion pace of the issuing company. Not a matter to be ignored.
It coming as no surprise that the inside did fervently seek to have Robison sign off on the financials initially. To get the numbers filed.
With a great many among us having figured they've called the situation right. Being more than liberal with nouns and verbs such as "scam". Having placed themselves in the unenviable position of having to, within hours, eat their own oft-repeated words. Dining on crow.
The faithful longs relishing the last laugh, and much more, as the truth does emerge.
Vindication.
Market level soaring accordingly.
The massive gross undervaluation reality hitting home.
The undeniable.
Deloitte taking the reins as auditor as the inside gets on with achieving the raw numbers target of $500m plus. Gross revenues. Giving P&G a run for its money. The expectation of gross margins accretion accordingly.
The phantom float criminals formally dealt with.
The permanent closing of a window of opportunity to twist reality.
Poetic justice.
The faithful longs rewarded for many more reasons than one.
A matter of hours.
And regards to all.
Thank you to all.
And you're welcome.
Kyle, et al….
There were a number of posts on the subject. A number of different sources involved.
And a clear example of the gist of the goings-on of the time…
--------------------
(August 19)
Q Bill are you working with the SEC in regard to the illegal shares?
A. We have filed all the necessary paper work with them.
(August 19)
Bill said they as a company are very limited on what they can do. They are not that worried about it because they are profitable "and at the end of the day profitability wins". He restated they do have a plan. I got the feeling they are working with the regulatory agencies i.e SEC.
--------------------
(Aug 23)
Bill Young. He confirmed the existence of illegal shares and said they have filed the appropriate forms with the SEC
--------------------
(August 25)
I mentioned the Illegal share toward the end of our conversation. I said "I'm glad you guys have a plan" And he responded…
"revenue and profit that's our plan"
--------------------
August.
The point at which the existence of the phantom float was made clear to the SEC and certain other relevant entities. The necessary documentation filed. An informal investigation launched. Morphing, thereafter, into a formal such in line with the full goings-on. The findings of the time. The trading suspension in place in light of the serious erosion of shareholder value. Erosion based on an unrelenting campaign of lies and deceit/distortion. Criminals hard at work. Averting financial disaster for themselves.
The company's greatest detractors on a mission to paint a false picture. The twisting of reality. The SEC investigation and all. The focus. With, as earlier talked about, it being only fitting/logical that the relevant task force would seek to formally convince itself of the full legitimacy of the issuing company and its management team. A little something that the company's greatest detractors jumped on with relish. Continuing the twisting of reality routine.
And earlier, additionally, we spoke of the erosion of value. The fact of the June ugliness having arisen out of nothing more substantive than a successfully executed short and distort scheme. None of it having anything, whatsoever, to do with managerial misdeed nor incompetence nor any other such. Outside sources alone. A mountain of libel and slander. The trading suspension in place to protect shareholders from the continuing influence of same.
And Bill Young again…
--------------------
They are not that worried about it because they are profitable "and at the end of the day profitability wins".
"revenue and profit that's our plan"
--------------------
The painting of a picture. Financials both audited and not so. The October raw numbers picture inclusive. That which was spoken of in my prior post.
And recalling…
--------------------
A matter of focusing on the fact that, for months, there has been an organized campaign afoot to undermine all. A publicly traded company and its management team. And in a matter of hours, in a welcome twist of poetic justice, the entirety of that campaign will itself be undermined. The truth having emerged. The faithful longs triumphant.
And Abraham Lincoln...
"Truth is generally the best vindication against slander."
And indeed.
Sitting back and relaxing as the telling truth does emerge. As criminals are forced to divulge ill-gotten gain in full. Having no recourse. No longer a window of opportunity to twist reality. Nowhere to run. Nowhere to hide.
Market level soaring.
Understandable massive accumulation coupled with a massive buy-in.
MOASS time!
--------------------
Bill Young having very clearly made the point. Fundamentals and operations. Soundness. The undeniable. The whole of it commencing in a matter of hours. The inside fighting back in a way that the faithful longs have long craved. Have long delighted in the prospect of. Almost home. A permanent end to the twisting of reality routine.
The necessary documentation having been filed weeks ago. The SEC, and relevant others, alerted to the criminal goings-on. Massive abuse. Massive phantom float. The launching of an informal investigation. Leading to a formal such. The relevant task force hot on the trail over those weeks. Isolating certain parties. Parties, from day one, seeing no escape.
A matter of hours.
The truth emerging.
Nowhere to run.
Nowhere to hide.
Criminals, and a far-reaching campaign of lies and deceit/distortion, undermined. The tables deliciously turned. Poetic justice. The faithful longs triumphant.
And an easy task it is. The painting of a false picture. The twisting of reality. Having the innocent questioning the soundness of their own behaviors. Sowing seeds of doubt.
With the answers being always in the details. One only needing to follow the bouncing ball. To pay close attention. To think clearly. Remaining calm, sensible and rational. Emotions sidelined.
The trading suspension lifted. America's Cleaning Company resuming as OTCBB quoted with market level soaring. The gross undervaluation reality made plain. Massive gross undervaluation. The fiscal '09 bottom line restated to the upside.
Company true value.
Understandable massive accumulation.
Massive buy-in.
MOASS time!
Completion of due diligence considerations factored in.
With no looking back.
And again…
"revenue and profit that's our plan"
A matter of hours.
A far-reaching campaign of lies and deceit/distortion wholly undermined. The disgorging of ill-gotten gain in full. The faithful longs triumphant.
Richly rewarded.
The bringing of value.
No giving up. No giving in.
A management team to be truly proud of.
The getting of the job done.
Long-term successful company.
And all the best to all.
Thank you to all.
Bill, et al.,
We'll start here…
(October 12)
"Their director of marketing Jack Schwartzberg told the SportsBusiness Journal that, in 2009, the brand’s marketing budget was $20 million. That’s an outrageous number for a company that had just announced it would gross $50 million on their fiscal year, which ended May 31."
(July 27)
“We are negotiating deals that would have been unheard of in another year,” Schwartzberg said. “We’re spending approximately $20 million on marketing in 2009, and getting maybe four to five times that much in value.”
[ four to five times that much in value ]
And the full article...
http://www.sportsbusinessjournal.com/article/63092
(August 17)
"Perhaps the main reason for this unexpected growth rate is SpongeTech’s recent and massive advertising campaign. As of 2008, 72% of the company’s sales came from international markets, with the remainder being largely attributed to television and online sales. According to Mr. Schwartzberg, the new advertising campaign was designed to expand the avenues in which SpongeTech does business."
“The goal of our advertising campaign is to drive the consumer to retail, and we are achieving it day by day…our market penetration grows daily,” he said.
[ designed to expand the avenues in which SpongeTech does business ]
[ goal of our advertising campaign is to drive the consumer to retail ]
And the full article...
http://www.pr-inside.com/spongebob-a-huge-seller-public-otc-spng-www-thespo-r1440472.htm
(September 7)
"As noted here previously, SpongeTech, already ubiquitous across MLB venues, is looking to make the same kind of, er, splash within NFL stadia. Director of marketing Jack Schwartzberg said his company has signed signage/sponsorship pacts with the Chicago Bears, Cincinnati Bengals, Houston Texans, New York Giants and Jets, and Washington Redskins, and is looking for three to five more deals."
"With SpongeTech in the process of shifting distribution from direct to more traditional retailers, along with the branding and media included in the sponsorships, Schwartzberg said he’s trying to insist that each deal has some retail distribution component by a team’s retail grocery or drug sponsor."
[ shifting distribution from direct to more traditional retailers ]
[ insist that each deal has some retail distribution component by a team’s retail grocery or drug sponsor ]
And the full article…
(Scrolling to the bottom for the SpongeTech blurb.)
http://www.sportsbusinessjournal.com/article/63474
Largely an exercise in futility at this juncture. Addressing directly, that is, the company's greatest detractors. Those so enamored of the twisting of reality routine. No end of speaking up in the absence of having actual fact at hand. The full story. Never any different.
A matter of focusing on the fact that, for months, there has been an organized campaign afoot to undermine all. A publicly traded company and its management team. And in a matter of hours, in a welcome twist of poetic justice, the entirety of that campaign will itself be undermined. The truth having emerged. The faithful longs triumphant.
And Abraham Lincoln...
"Truth is generally the best vindication against slander."
And indeed.
Sitting back and relaxing as the telling truth does emerge. As criminals are forced to divulge ill-gotten gain in full. Having no recourse. No longer a window of opportunity to twist reality. Nowhere to run. Nowhere to hide.
Market level soaring.
Understandable massive accumulation coupled with a massive buy-in.
MOASS time!
Our phantom float benefactors-to-be having seen no escape from day one. Long talked about. The appeals to the inside for a massive position or two at a steep discount to market level. Laughed at and dismissed. The whole of the criminal goings-on based on nothing more substantive than a fervent hope of the OTC typical. But no such. The OTC atypical being the reality. A management team building actual value. No self-serving dilution. No miscreant behaviors. No lack of capability/competence. The to-smile-about rest of it. The getting of the job done.
A twist of poetic justice.
A matter of hours.
A mountain of libel and slander vs. the telling truth.
Market level soaring.
Completion of due diligence considerations and all.
Quality of management being the always key.
Long wait well worth it.
Having held understandably tight through thick and thin.
Massive ROI.
And regards to all.
Thank you for the many replies.
The many kind comments.
John, et al.…
I don't invest/trade with emotions in tow. Never have. Never will. Never a matter of overextending myself. Of self-defeating mindless greed. My not routinely conducting myself in sadly telling ways. Safely sequestered behind the ether of cyberspace. Comforting anonymity. Always a matter of a calm, sensible, rational approach. A balanced perspective. My being not interested in mindlessly sacrificing investing/trading principle. A matter of getting past the trees to the forest.
The SPNG/E reality being not a difficult concept. Most of us having been involved long enough to have made our way past said trees to said forest. The fact of dark forces being constantly at work. Entrenched forces. Determined to see America's Cleaning Company fail. Preventing financial disaster for themselves. A matter of blogged nonsense, short on fact and long on fiction, to the wanton spreading of boards-based FUD. All of it from the point of our interim High of $0.2851. With no letup. The latest onslaught involving sensationalist 'articles' authored by a certain Kaja Whitehouse.
Not a difficult concept. None of it.
Few of us being unaware of the many spurious claims over time. Talk of a supposed trading suspension months ago. More recently, of Bill Young having supposedly quit or been summarily dismissed. Additionally, earlier talk of litigation connections and issues. Of Rule 144 Opinion Letters. Managerial misdeed and incompetence. Transfer Agent misdeeds. Drakeford & Drakeford misdeeds. Company IR complicity. Fraudulent PR's. And on to the Flickr bit of stupidity. Most recently, of supposed infighting. Claims of a falling out among management. Involved parties supposedly distancing themselves from one another. Mr. Metter supposedly having gone so far as to have submitted his resignation.
And where, indeed, the truth in any of it?
Exactly, at what point, do folks wake up?
Entrenched interests hard at work. Manically toiling. The inside having forwarded the necessary documentation to the SEC. Clearly delineating the fact of the phantom float. Exposing the reality. A matter of hundreds of millions of 'shares'. Worthless IOU's. Seriously undermining shareholder value. Seriously undermining the capacity of the issuing company to achieve its full potential.
A matter of theft of company assets. The door wide open to litigation proceedings once the involved guilty have been isolated. The ones having approached the inside on more than one occasion seeking to 'legitimize' the criminal goings-on. Seeing no escape. The relevant SEC task force now hot on the trail.
None of it being a difficult concept.
Inclusive of said agency having, over time, been inundated with complaints. The twisting of reality. Dark forces hard at work. Entrenched interests seeing no escape. Their only recourse being to proceed as they do. The end for them coming soon.
With the saddest part being the degree to which the innocent have been caught up in the nonsense. And despite the aforementioned. Spurious claims proved up as being entirely false. And folks are still buying into the nonsense? Swallowing hook, line and sinker? And would market level have seen the volatility it has in the absence of the innocent getting caught up? Mindlessly bailing?
Time, in the absolute, to wake up. To put an end to being one's own worst enemy and that of all involved others. The faithful longs. Mindlessly handing temporary victory over to criminals.
And bearing in mind that the SEC is undergoing a sea change. Being now under leadership determined to routinely honor the agency's primary mandate. A little something long overdue. More than.
The overriding consideration being as talked about. The fact of an ongoing concerted effort to undermine all. To stop the issuing company in its tracks. Management, themselves, painted as criminals. An evil campaign been afoot for months. Criminals hard at work averting financial disaster for themselves. The primary point. To be borne in mind at all times.
Not a difficult concept.
And how many among us opined erroneously as to the 'black' Friday goings-on? And doubtless you'll recall the posts of the time. Ongoing musings that were finally largely stifled courtesy of yours truly having painted a telling picture. A certain blogged 'article' authored by a certain 'The Dean' of 'collegestock' fame. The telling associated date and time. The follow-up boards-based FUD routine. Short and distort.
And how about the FTD's? The Reg. SHO flagging? How many erroneous opinions presented on that particular subject? Our having talked about why the FTD's. The sudden flagging. Following capitulation. The mid-July area. A situation 'forced' by circumstance. The post-capitulation run-up. Inability to profit from a short perspective. And, so, holding the relevant positions open. Closed/covered only when the opportunity to profit did eventually surface. Our recent Lows.
Time in the absolute to slow down. To think a might. And folks now thankfully are. The tide slowly turning. Back to reality. Past the trees to the forest.
The coming financials, both audited and otherwise, to paint their own telling picture. Detail as current as befits. All of it. Inclusive of the latest October raw numbers picture. The SEC lifting the trading suspension. Not a matter of said suspension lapsing. The referenced criminals unrelenting. With the whole of their self-serving egregious antics on the verge of blowing up in their collective strained face. The SEC on the verge of providing America's Cleaning Company, and its redoubtable management team, a golden stamp of approval.
It being not a difficult concept. None of it.
Inclusive of just and exactly that which will immediately transpire at market level come the resumption of trading. The suspension lifted.
An understandable flood of entering/adding. The massive buy-side. The coming financials, and PR's otherwise, painting a telling picture. The truth emerging. In full. Spurious claims once again proved up as being wholly baseless. As being entirely false. The twisting of reality. Our having talked, additionally, about the completion of due diligence consideration. The big money folks.
Not a difficult concept.
A blessing in disguise being the way in which we characterized the short and distort routine. An opportunity for the truth to emerge. And indeed. An eventual climb back above $0.20. And, no less so, the current goings-on. A blessing in disguise. America's Cleaning Company and a pending golden stamp of approval. Management on a mission to see justice served. To expedite a completion to the investigation. With it remaining to be seen just what does eventually transpire relative to the disgorgement of ill-gotten gain in full. Whether a matter for the SEC and its enforcement division or whether a matter of company-based litigation or both.
And sad it is that, over time, folks have very much bought into the self-serving maneuverings of criminals. And now at a thankful end. A matter of a few more days. The truth emerging. In full. A telling picture painted. Past the trees to the forest. All involved finally getting with the program. Being on the same page.
The fact of the parent company being entirely debt free. An ideal buyout target. The fact of a bare minimum of dilutive activities. The fact of favorable share structure adjustments. The fact of stellar raw numbers on down to a to-smile-about bottom line. The fact of forward periods numbers measuring up. The push to see the company's products placed in up to 100,000 retail locations by EOY 2009. The push to see the company's product offerings in the 100 area by EOY 2011. The most profitable products yet to arrive.
None of it being a difficult concept.
And do you suppose any of the company's greatest detractors ever get tired of being wrong? Of seeing spurious claim after spurious claim proved up as being indeed baseless? Entirely false?
A matter of a few more days.
The truth emerging. In full. Resumption of trading as OTCBB quoted. Market level soaring. And, finally, a matter of no looking back. Criminals and their egregiously self-serving ways terminated. Numerous constantly yammering mouths shut for good.
A blessing indeed.
Company IR having made plain the fact of a pps in the $1.00 area obviating the need for a reverse split.
A little called-for number crunching painting an indeed telling picture.
A massively grossly undervalued such.
Nowhere to go but up.
With no looking back.
Not a difficult concept even slightly.
And regards to you and all others.
And thank you again to all.
Thank you, once again, to all.
Calm, sensible, rational discussion winning the day. Our having long said that, together, we win. And indeed. Many agile minds working as one. Getting the job done. Painting an accurate picture.
There being no need of devolving to gutter level. Of name-calling. Of vulgarity. The unfortunate infantile rest of it.
It's been a tough row to hoe for sure. Criminal activities coming to the fore as of the mid-June area. The faithful longs having stood fast. Having presented a formidable opposing front. Justifiably in support of one's own investing/trading interest. It being simply unfortunate that there are those among us investing/trading with emotions in tow. Posting accordingly. Others victimized courtesy of their own mindless greed. Posting accordingly. Unfortunate for all involved.
The flighty world of equities being always a risk/reward call. Never any guarantees provided. A matter of performing the almost always (momentum plays being the lone exception) necessary due diligence. Proceeding accordingly. With our having made the right call on this one. America's Cleaning Company. Caliber of management being the always key. And we've been aware from the get-go of the criminal activities. Having heard, last year, about the initial appeal to the inside for a massive position at a steep discount to market level. The first brazen attempt to 'legitimize' the goings-on. A little something that told us that the phantom float perpetrators see no escape.
And, so, were we remiss in not considering that the June ugliness would emerge? That there would come the drafting, and successful execution, of a plan to halt and reverse the run-up? Criminals preventing financial disaster for themselves?
Even at the point of our interim High of $0.2851 we're talking gross undervaluation. And, so, small wonder that our post-capitulation High of $0.2260 eventually emerged.
And here we now are. Massively grossly undervalued once again with the fiscal '09 financials on the way. The Q1/'10 raw numbers detail outlined. The September detail to come. Seasonal influences considered. Forward periods additionally. The rest of it. The continued setting of the record straight inclusive.
And over the lies and deceit/distortion period we called on the inside to step up to the plate. To set the record straight. Little knowing that said inside was fully advantaging the goings-on at market level. Personally loading up and otherwise proceeding with company buyback implementation. Having recently stepped up to the plate. Setting the record straight. The point at which the favorable share structure adjustments were complete enough to expose the phantom float to the degree desired/necessary. Apprising all of the DTCC, FINRA and the SEC. An investigation understandably launched. Thereafter formalized. For reasons to hugely smile about. Criminals, indeed, the target. Parties spewing no end of lies and deceit/distortion. Ongoing attempt at preventing financial disaster for themselves.
The fact of the re-audits situation having opened wide a window of opportunity for said criminals to ramp up the FUD routine. To scare the innocent into bailing. With, now, cooler heads prevailing. Emotions, thankfully, largely sidelined. All involved starting to see the light. Being on the same page soon enough. The fact of the investigation focus being other than that which criminals would have folks in general believe. Said focus being those very criminals. An understandable campaign to see ill-gotten gain disgorged in full. The SEC being now run, courtesy of a clear-thinking White House, by an individual determined to do right by the agency's own primary mandate of protecting the little guy/gal. Seeing to it that retail investors/traders aren't robbed blind by a few hundred folks on Wall Street and their cohorts.
And no. We can't say just and exactly what will come in the end in the way of actual enforcement considerations. Actual disgorgement. So on. But at the very least we'll be talking about a playing field far more level than that which is the current reality. It being only logical to consider that, over time, the inside has had company legal amassing a telling database. Prepared to provide the SEC a necessary launch point. And we certainly know where it all began i.e., blogged nonsense.
And recalling…
(June 14)
--------------------
And while the Friday bit of business is definitely getting beaten to death at this point -- no end of erroneous viewpoints/opinions on the subject -- we'll cement the reality one last(?) time. Just what it was precipitated the goings-on. And…
[ Noting the date and time of the 'article'… (Thursday) June 11th, 2009 at 2:03 am Posted by The Dean ]
http://collegestock.com/blog/penny-stock-failures-bad-management-on-wall-street-spng/
The FUD posting routine getting seriously underway thereafter. The first of which, seen by yours truly, being...
"Big dump coming!!!"
"SEC investigation!!!"
Friday's activity having nothing to do with MM inventory circumstance. There being no shortage of volatility/profit-taking during the run-up. Plenty of inventory. And no MM('s) would go seriously short in the absence of the obvious coming down-side. Obvious trend reversal. Order flow change.
--------------------
And SEC investigation indeed.
And too funny?
Prescience?
Criminals having authored their own demise.
One's own words coming back to haunt one.
The referenced guilty, on more than one occasion, having contacted the inside. Seeking as they did. Laughed at and dismissed. The investigation initiated for far from flippant reasons. The inside seeking serious full redress. Disgorgement of ill-gotten gain in full and more. Steadfastly determined from the get-go to not allow criminals to walk free. All the richer.
And, so, just as with our mid-July post-capitulation run-up we're, once again, headed steadfastly north. Only this time harking back to June. The degree of session-over-session gains we can expect as folks, more and more, find themselves on the same page. Seeing the light. The actual investigation focus.
America's Cleaning Company
Caliber of management.
Getting the job done.
The bringing of value.
The seriously tangible variety.
Seeing to it that a permanent end to being grossly undervalued is the reality. Market level reflecting as it should. In line with fitting valuation at the very least. The fiscal '09 financials on the way. The Q1/'10 raw numbers detail outlined. The September detail to come. Seasonal influences considered. Forward periods additionally. The rest of it. The continued setting of the record straight inclusive.
Nowhere to go but up.
The whole of it having taken a while for sure. Getting back to where we left off in June. The picture as it should be. In the absence of a flood of lies and deceit/distortion. Rampant criminal behaviors.
A need of understanding that the whole of it hinged upon the ongoing favorable share structure adjustments being completed. Largely completed. Enough to expose the phantom float to the degree desired/necessary.
And hugely interesting it will be to discover just which individuals, and entities otherwise, have been directly involved in creating, and maintaining as hidden, our phantom float 'friend'. The ugly rest of it.
Many of those innocently caught up in the criminal goings-on standing ready with their own noose.
And understandably so.
Holding tight indeed.
And regards to all.
Thank you to all.
Susan...
Thank you.
The Form 8-A12G being an obligatory filing. In line with company registration as a fully reporting entity. The relevant sections and subsections of the Securities Exchange Act of 1934.
The details found here…
http://www.law.uc.edu/CCL/34Act/sec12.html
The referenced filing being all-encompassing in terms of 'Exhibits' courtesy of not all prior successful petitions to the relevant SoS being accompanied by a Form 8-K filing.
All called-for detail being now duly registered with the SEC.
And there are, as always, going to be those parties ranting and raving manically about raw share structure numbers telling the story. And with that said we'll recall the Flickr bit of stupidity.
No more needing to be said.
Waiting for the coming fiscal '09 financials.
Very soon to arrive.
Naked…
Thank you.
With a need of bearing in mind that it's company legal calling the shots. Proceeding as called for. The relevant SEC legal team proceeding in line with formal investigation SOP (standard operating procedure).
There are always going to be those, reading into the overall proceedings, that which suits personal agenda. Never any different.
General power of subpoena being what it is. Necessitated (outside of the aforementioned) by the fact of the targeted parties not likely to much be cooperative in view of egregious violative behaviors on their collective part.
There being a massive phantom float in existence and it didn't create itself. Nor is it hiding itself. And the true nature of the involved guilty has been more than clearly defined by the ongoing lies and deceit/distortion campaign waged from the mid-June period on.
With there being many among us wholly misguided in the overall. Unable to get past the trees to the forest. Parties soon getting with the program. The fiscal '09 financials on the way. The continued setting of the record straight additionally. Industrial strength PR's.
And recalling our June High of $0.2851. Followed by our mid-July Low of $0.0785. Followed by our climb back to $0.2260. And now our latest Low of $0.0520.
A massive buy-side opportunity.
Golden such.
For, that is, those able to get past the trees to the forest.
Dalessan…
A need of bearing in mind that the current overall situation amounts to a massive window of opportunity for the phantom float guilty to precipitate that which they seek to precipitate. From the issuing company itself to market level. And the best they could do was our latest Low of $0.0520. A great many of the clear-thinking among us having taken advantage as talked about. A golden opportunity to load up at lowest possible cost. The fiscal '09 financials to soon arrive. Filed and posted for all and sundry to smilingly peruse. The continuation of the setting of the record straight additionally.
And recalling…
"The coming financials being filed and posted equating to the point at which folks, in general, do see the reality. The overall. America's Cleaning Company. Ceasing and desisting, finally, with the buying into utter nonsense routine."
And shared with the board recently…
"When the re-audited schedule 10-K will be released within few days, it will officially state and shed more lights on SPNGE.OB "the company" financial achievements."
[ financial achievements ]
And indeed.
A simple matter of following the bouncing ball. The fact that the inside initiated the investigation. And does such not make sense given the massive ongoing onslaught of lies and deceit/distortion? The unrelenting campaign to undermine all?
Many among us having blinded themselves to the truth.
The rest of us continuing to hold tight. Possessing the necessary insight. Having followed the bouncing ball.
The phantom float guilty being now targeted in the best way possible. And we talked about how the inside was planning to set things in motion. About the August/September timeframe. About the favorable share structure adjustments. The NOBO/OBO detail, etc. and exposing the phantom float. That which has been done. The detail forwarded to the SEC as talked about. An informal investigation launched. Now a formal investigation. General power of subpoena at hand.
The inside proceeding as was outlined. A need of waiting for the favorable share structure adjustments to complete. To largely complete. The Issued and Outstanding count at the appropriate level.
Folks being entirely at liberty to fool themselves all they care to. To blind themselves to the truth. But such doesn't alter reality. The fact that the inside initiated the investigation. Planned long ago as long talked about. Getting the detail out to all of the DTCC, FINRA and the SEC.
The targeting of the phantom float guilty.
The seeking of disgorgement of ill-gotten gain in full.
Those of us having advantaged a golden buy-side opportunity having proceeded so for extremely sound reason. Reason becoming clear to all come the coming financials being filed and posted and the talked about PR's arriving.
It being simply unfortunate that not all involved possess the necessary insight to see what's actually going on. Unable to follow the bouncing ball.
And so be it.
A massive payday in the making being the reality. Market level headed steadfastly north from here on out. And seriously so as the relevant SEC task force gets on with getting on. General power of subpoena at hand.
Fun, as much as profit.
The phantom float guilty having approached the inside as we know. Seeking as they did. With, now, said inside having answered same in finality.
Via the appropriate regulatory agency.
As plain and simple as one can make it.
Holding tight.
Damn tight!
And all the best to you and all others.
Thank you for the many replies.
The many kind comments.
And you're welcome.
Jeff, et al….
The reality being that the fiscal '09 financials will be filed in line with completion of the re-audits. Ongoing investigation or no.
As for the Authorized?
Previously, we were aware of a successful petition regarding an increase to 2.75b from 2.5b. And now a petition to increase the issuable common to 3b. In the pipeline as of September 21. In line with the cancelation of the consolidation.
As for the prospect of a trading suspension?
An, again, nonissue. Mindless musings. The relevant SEC task force being on a fact-finding mission. Complete with general power of subpoena. A formal investigation launched as a direct consequence of an informal investigation previously set in motion in line with an official appeal by management as regards abusive shorting practices. Criminal behaviors. Company IR twice, recently, confirming for us the reality. The necessary documentation having been submitted to the agency. Setting things in motion.
And management did tell us that there was a plan to deal with the shorts in finality. Company IR, additionally, recently flatly stating that the shorts are…
"F'd!!!"
And indeed.
About to be exposed in the best way possible. The existence of the phantom float. All parties involved in generating same. In keeping same hidden.
Our well-realizing that the involved guilty see no escape. Having approached the inside more than once. Seeking to 'legitimize' criminal activities.
Laughed at and dismissed.
And now the investigation.
Finality.
The wholly welcome.
With a need of bearing in mind, that relative to the Authorized and the investigation/subpoena activity as regards the company and insiders, it's company legal calling the shots. Said inside relying on those retained parties best positioned to maneuver as called for.
And with that said? And the Authorized in mind?
Well, company IR recently confirming for us that continued M&A activity was the recent reality. A potential acquisition on the table. A potential new subsidiary for us that, upon further due diligence, proved up as being a less than worthy pursuit. Scrapped in full.
Much to consider. To give thought to. What the future holds.
And recalling…
(Mr. Metter at the NFE Conference)
"We've grown with very little capital."
An ongoing situation of no debt and minimalist dilutive activity.
The coming filing to paint a telling picture. Latest share structure detail and all. And did the inside personally advantage all that our latest trading week had to offer? As many of the clear-thinking rest of us did? And how about our upcoming trading week? How about the open market buyback? Because company IR also recently confirmed for us that such isn't scheduled to be completed until February 2010.
Come our coming filing?
Latest share structure detail will be telling indeed.
Fully advantaging a tremendous buy-side opportunity?
We shall see.
(July 9)
'The Company has immediately picked up approximately $10 million in revenues and approximately $1.5 million in pre-tax earning from the acquisition. Dicon currently sells various products including private label brands for multiple industries through established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart and Wal-mart as well as direct sales to large commercial clients; all of which SpongeTech® intends to immediately utilize.'
[ approximately $10 million in revenues and approximately $1.5 million in pre-tax earning ]
(September 1)
'SPNG ... is pleased to announced that the Company has booked approximately $70 million in orders during the first quarter of FY ‘10; having another record month bringing in approximately $29 million in new orders for the month of August compared to July's orders of approximately $23.5 million.'
And how are the September numbers shaping up? Seasonal considerations and all? Dicon factored in?
Mr. Metter from March 5...
'We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.'
The coming filing to paint a telling picture. Facilitating completion of due diligence. Much welcome additional.
Our coming trading week offering up a huge buy-side opportunity that a great many of the clear-thinking among us will be fully advantaging. Yours truly inclusive.
The battle against the shorts having been lengthy and tiresome. A matter of years. A firmly entrenched phantom float. The associated guilty seeing no escape. The end now approaching. Subpoenas to be served. Enforcement to follow. From disgorgement in full to fines and more.
Finality.
The escalation from informal to formal status confirming for us that the evidentiary is there. Violative behaviors. Abusive practices. Manipulation. Management seeking official SEC involvement for justifiable reason. Official scrutiny.
And Mr. Metter from many months ago...
'The Company believes that the stock is being artificially manipulated and as such is currently examining several options that can be employed for the purpose of enhancing shareholder value.'
With the best of said options now employed. Company legal marshalling the goings-on from the inside as befits.
The disgorging of ill-gotten gain in full.
Fun and profit ahead.
Inclusive of the coming filing.
Our approaching trading week to doubtless play welcome witness to some industrial strength PR's. The understandable continuation of the setting of the record straight.
The shorts about to get it in the neck, big time!
Noose tightened. Noose employed.
No escape.
Finality.
Serious enhancement of shareholder value.
And thank you again to all.
PM's, et al.,
A few weeks back we received word, from an entirely reliable source, of a recent brazen attempt by a party to the phantom float situation to score a 300m position at $0.03 per share. A fervent appeal to management that was met with understandable steadfast refusal. Management pointing, instead, to the open market as being the only available option.
With the $0.03 threshold telling the story. The price point, that is, at which at least one guilty party to the phantom float situation is willing to step up to the plate. And what, exactly, would we witness were market level to soon hit said threshold? Close thereto? And is such likely?
Well, the referenced guilty will certainly continue their collective battle to totally tank market level. To achieve said threshold at the very outside. Feeding feverishly on the latest filing. Attempting, as always, to mindlessly read the worst into the best.
And with that said?
Well, we recently heard a little something, courtesy of company IR, about management having submitted certain documents to the SEC. Necessary documents having been filed. Documents relating to abusive shorting concerns. Management, officially, seeking action by said agency.
And the latest filing comes as a surprise to some?
And should the clear-thinking among us be surprised?
And let's say that our latest filing had made its appearance following the fiscal '09 financials being filed.
And what conclusions would folks draw then?
The investigation isn't fraud-based.
Management having very clearly stated that there's no restatement relative to the fiscal '08 financials. Not a matter of understatement nor overstatement. A need of restatement. A simple matter, instead, of a re-audit by an accredited auditing firm. A simple formality.
And we heard about Mr. Moskowitz and his recent statement regarding Robison, Hill & Co.'s refusal to sign off on the fiscal '09 financials. Management, understandably, anxious to file in light of no actual restatement. Simply a re-audit as a formality.
The investigation having understandably reached formal status. As such escalation amounts to the SEC gaining general power of subpoena. And, certainly, in officially submitting the called-for documents to the agency, management was well aware of the very strong likelihood of the company itself/its management team coming also under official scrutiny. The investigation, after all, amounting to a fact-finding mission. The relevant SEC task force being in the dark until said mission completes. Largely completes.
With the very fact that management themselves having officially initiated the overall proceedings saying all same has to/needs to regarding the likelihood of impropriety from the inside.
Einstein needing to not apply.
Formal documents having been submitted. Company IR having recently spelled out the reality. Management officially seeking input from the SEC. Addressing the abusive shorting goings-on.
With involved folks being in need of slowing down. Of thinking a might.
The answers being always in the details.
Never any different.
With the management of most companies seeing the launching of a formal investigation as a material company event calling for full and fair and timely disclosure as per SEC rules/regs.
And, so, a fervent appeal from management having proved up. A blessing. The SEC on the job.
Management's official appeal having met with success. A formal investigation launched. The prospect of documents-based and testimony-based subpoenas being widely served opening wide the door to the phantom float perpetrators being finally forced to disgorge ill-gotten gain in full.
The whole idea.
And many times we've talked about exposing the reality of the phantom float. Making the existence of same plain to all of the DTCC, FINRA and the SEC. And here we have a formal investigation blissfully launched. At the official urging of management. The SEC finally in the game to a serious degree. Seeking answers. On a fact-finding mission. General power of subpoena and all.
Management's official appeal speaking volumes. Having initiated the proceedings. Yielding as hoped for. As fervently sought.
And…
'The Company has been cooperating fully, and intends to continue to cooperate fully, with the SEC with respect to its investigation.'
And shock and surprise?
The mindless reading of the worst into the best being the forte of fools.
And as for the prospect of a trading halt?
And dreaming on.
Laughable to say the least.
The launching of a formal investigation having some far-reaching consequences for sure.
Consequences all to the good for the faithful longs.
The short side being a whole 'nother matter.
And who'd a thunk?
Hmm?
And as for getting on with getting on?
Continued business plan and model implementation?
(September 22)
'Since the end of fiscal year 2009, we have seen increasing re-orders from existing customers, strong sell-through rates and growing enthusiasm for our products as we continue to penetrate new distribution channels and create greater awareness for our products.'
'In fiscal 2010, we are continuing to expand our distribution reach and, aided by our acquisition of Dicon and its strong R&D capabilities, introduce new products.'
'To further raise brand awareness of The Smarter Sponge™, we plan to significantly increase our marketing and advertising budget. A portion of this budget will be used to attend a greater number of trade shows, including the Specialty Equipment Market Association show for the first time, Licensing International Expo, Automotive Aftermarket Products Expo, Global Market Development Center’s General Merchandise Marketing Conference and other national and regional shows.'
'We also plan to enhance the packaging of our products.'
'We will also continue to extend our distribution reach by adding new distributors, including SpongeTech Europe, which we formed in August 2009 to enhance our already-strong presence in that market. In addition, we plan to leverage Dicon’s established channels of distribution including food, drug and mass merchandise stores such as CVS, Walgreens, Kmart and Wal-Mart and also to sign new licensing arrangements.'
'By the end of fiscal 2010, we expect to have secured product placement in over 100,000 retail doors nationwide.'
'Finally, using our enhanced research and product development capabilities, we plan to move forward more aggressively to expand our product offering particularly in our Home Care, Pet Care and Car Care product lines. For example, as part of our license agreement with Nickelodeon & Viacom Consumer Products, we are putting the finishing touches on a product for the Nickelodeon character, Dora the Explorer.'
[ plan to move forward more aggressively to expand our product offering ]
Fun and profit ahead.
Trading sessions to smile about.
Holding tight.
Things in the overall to ramp up to a truly seriously interesting degree once documents-based subpoenas are served on certain hedge funds and MM's and other such entities found to be involved in the shenanigans. Records of great interest. Ex-clearing goings-on and all.
And not before time that the SEC was run by someone entirely capable and competent.
Getting the job done.
Ms. Schapiro off to a stellar start.
And have a great weekend.
All.
Thank you to all.
And we'll start here…
(September 8)
'“This reverse stock split – which we believe will bring our company’s Wall Street profile in synch with our business profile – is another important step in the development of SpongeTech,” said CEO Michael Metter.'
And from company FAQ…
'SpongeTech® believes that the reverse stock split will also enhance the desirability and marketability of SpongeTech® common stock to the financial community and investment public. In addition, SpongeTech® believes it will help mitigate the reluctance of certain brokers and investors to trade in SpongeTech® common stock at pre-reverse split prices.'
And recalling…
"The coming filing facilitating completion of called-for due diligence."
The overriding goal, beyond uplist intent directly, being to draw the big money into the equation. The coming filing representing the key. Complete with the Q1/'10 raw numbers picture. The September picture. Forward periods expectations additionally. Completion of due diligence. The earnings picture. That which always feeds the proverbial bulldog.
Implementing the stock consolidation, under the circumstances, would've proved up as being significantly counterproductive. A poor choice.
And that which did prove up as being a poor choice?
The timing of the cancelation PR. Released too early in the day. A less than astute move for sure.
And so be it.
(September 22)
'CEO Michael Metter said, “We originally planned for the reverse stock split to take effect after the filing of our Form 10-K for fiscal 2009 to give our shareholders the opportunity to evaluate our financial performance and growth prospects first. In light of the delay in filing, we have decided that to proceed with the reverse stock split would not be in the best interests of our shareholders.”'
[ evaluate our financial performance and growth prospects first ]
That which we've stated all along i.e., completion of due diligence.
The big money.
The cancelation of the consolidation being an easy enough call. Simple common sense at work.
As for a buyout?
A need of grasping the plain and simple reality that management has been actively targeting a buyout from the get-go. That SPNG/E is up for sale. The parent company.
Three suitors of late. One recent offer having been rejected as being of the low-ball variety. As not representing target company true value i.e., current and future value taken together.
A simple matter of continuing to hold tight. Well-recognizing the gross undervaluation situation. That which we've spoken of, at length, over time. That which management has fervently attempted to ongoingly address via numerous means both direct and indirect. Unable to overcome the ongoing lies and deceit/distortion routine. The whole of it amounting to a nonissue as buyout negotiations continue. Target company true value to be reflected. The central point.
And with that said?
Well, just how are the September raw numbers shaping up? Seasonal influences and all?
The fallout from the Drakeford & Drakeford goings-on is, most definitely, unfortunate. A timing setback. And each of us will proceed as he/she sees fit. Some bailing in full. Some continuing to hold tight. Others attempting to trade their way to a gainful dollar or two.
And yours truly?
Continuing to hold tight. Patiently awaiting the massive payday that I've rightly reasoned was coming from day one. From the time of my original position some months ago.
And, so, a buyout.
Parent company actively developed and maintained, over time, as an ideal target.
An easy enough read.
Management continuing to implement company business plan and model ongoingly. No cessation. Continuing to get the job done. The adding of value.
As for continued formal word?
On the way.
The right offer?
A fitting offer?
And market level soars!
Massive payday.
Time to see the reality. To get with the program. To get past the trees to the forest.
Target company true value to be reflected.
Telling audited numbers to soon arrive. The Q1/'10 raw numbers picture factored in. September, and beyond, additionally.
The fundamental picture.
The operational picture.
The big picture.
True value.
None of it being rocket science even slightly.
And all the best to all.
Many in routine attendance among us claim routinely to have the answers.
And little do they know.
One hell of a surprise in the offing.
The faithful longs rewarded.
Staying tuned.
Thank you to all for the many replies.
The many kind comments.
At this point in the proceedings it's time to fasten those proverbial seatbelts.
The latest word, via the grapevine, being that there's been a breakthrough on the ongoing buyout negotiations front.
Holding tight as our coming trading week plays welcome host to the story unfolding in full.
To the maximal financial benefit of all involved.
The faithful longs rewarded.
And a pleasant weekend to all.
Thank you to all.
And you're welcome.
Opus…
The beauty of the situation being that, no matter how it all plays out, we win.
The faithful longs rewarded.
The way it shapes up at the moment is a strategic buyout. Synergy. The same approach as per the Dicon acquisition only with America's Cleaning Company as the target. The suitor seemingly a publicly traded entity. A major player. The objective being to take America's Cleaning Company to the next level. Massive R&D push inclusive. With a need of thinking in terms of company BoD and not just management.
What I anticipate is an all-encompassing offer (100%) equating to a massive premium to market level as such currently stands. Our unable to realistically crunch numbers in the absence of the latest share structure detail. That which is coming.
A need of bearing in mind that which was discussed at length earlier. Where, that is, the value of America's Cleaning Company actually lies i.e., the intangibles. Intellectual properties rights. Name recognition. Branding. The primary reason behind the unrelenting massive marketing push. The ramping up of the fiscal '10 budget to the $20m area. Management being no fools. Well-knowing where the value lies. Getting the message out. Inclusive of the fact of the parent company being a publicly traded entity.
A combination of ever-advancing period sales/raw operational numbers accretion coupled with name recognition/branding.
America's Cleaning Company
SpongeTech
SPNG
The Smarter Sponge
Factoring in the effect of synergies and economies of scale. The expectation of gross margins accretion. New products coming to market. The global business plan. Global market penetration.
Our unable to say just and exactly how any finalized deal will be structured. Only that any fitting offer will reflect target company true value circumstance. An always combination of present and future value. Maximum return. My personal perspective, at this juncture, being that SpongeTech will become to the suitor what Dicon currently is to SpongeTech. A wholly owned subsidiary. Both companies gaining. Synergy.
And good to know that life is getting back to normal for you. Pain-free bliss and the welcome rest of it.
A major league interesting trading week ahead.
The prospect of some truly awesome PR's hitting the wires.
Cheers indeed.
Max…
There's more to the GetFugu, Inc. goings-on than meets the eye.
More on that later.
There being, in fact, more going on in the overall than meets the eye.
Much more.
And not losing sight of the simple reality that buyout negotiations, or no, business plan implementation will proceed unabated. The ongoing adding of value. The attractiveness of the target. The achieving of stated longer-term goals.
And over time I've made clear my personal perspective, that were a fitting buyout offer to come management's way, that same would be all over it like one of those proverbial dirty shirts. And, certainly, I host a particular set of reasons why such a perspective. Many of said reasons I've openly discussed.
There being no arguing with the fact, as you say, of there being much to consider of late. All of the goings-on taken together. Confusion understandably afoot.
Our coming trading week poised to be quite the show indeed.
And then some.
E.D.Y.…
The Authorized increases over time have been a reflection of earlier managerial thinking. In line with the advice of company legal.
And recalling...
(Mr. Moskowitz from the NFE Conference)
"That was one of the things that really helped our stock price going up in the last month. By doing the buyback."
The treasury holdings situation amounting to equity from multiple sources. From RM Enterprises. From company affiliates. From open market buyback activity. Etc. And we're talking both restricted equity and otherwise. The referenced stock, in full, destined to be returned to company TA for formal cancelation. The coming filing to provide the associated detail.
The original pps objective was achieved to a significant degree. As outlined above via the referenced passage. All the way to $0.2851. With, then emerging, the short and distort routine. The fallout from which having precluded the ongoing favorable share structure adjustments from being reflected at market level as previously. Resulting in a degree of called-for managerial rethinking. Where we now stand. With there being more to the coming consolidation than meets the eye. Much more.
In a matter of hours the eagerly awaited filing will be posted to the relevant database. Filling in a great many blanks. Enabling some realistic number crunching.
A little more patience required.
And you're welcome.
SB…
A strategic buyout. Synergy. The way it shapes up.
A publicly traded major player seemingly having stepped up to the plate. Seeing the light.
America's Cleaning Company
Craig…
You play host to an agile mind for sure.
Kudos.
Quite the scenarios.
And, admittedly, there are no shortage of ways in which to view the overall situation. Calling for a might of reading between the lines and such. And in bluntness I'll readily admit that there are a number of issues I'd like to openly discuss at length but doing so, at this point in the proceedings, wouldn't be fitting. There being a number of factors I'd like to point out, along the lines of stringing together a few seemingly disparate elements, that would serve to clarify much for many. But the time simply isn't right. Would only prove counterproductive at present. Having to wait for the right overall circumstances being in place.
A massive buy-in being precipitated is based on the right pressures being applied inclusive of pps circumstance. The June ugliness emerging not only in line with our interim High of the time but the fact of the continued buy-side pressure. The order flow persistence. That which, from a criminal perspective, had to be stopped.
And stopped it was.
Weak hands buying into the lies and deceit/distortion. Criminals gaining temporary reprieve.
It being all about the right pressures being applied inclusive of pps circumstance and the trend.
A line in the sand plus a few surprises.
K…
Hello to you.
And yes.
I've a few ideas on the subject. As do others. But not anything I'm willing to openly discuss at the moment. What's been presented herein and earlier will have to suffice for the nonce. The whole of it adding up as talked about.
And you're welcome.
And thank you.
Regards indeed.
Chris…
Thank you.
And certainly. I've been crunching a few numbers. A few possible scenarios. With the reality being that we need the filing. Latest share structure detail outlined.
And the Outstanding count significantly sub-500m?
Going to be interesting.
But even at 500m we're talking a valuation massively in advance of that which market level, currently, would suggest. The valuation question being, as discussed, about far more than simply parent company asset base and raw operational numbers. America's Cleaning Company hosting tremendous consumer appeal. Tremendous marketability.
The company's BoD being no fools.
Seeking maximum return.
The coming filing only a hours away.
Filling in a great many blanks.
And you're welcome.
Z…
Hello to you.
And, as stated above, there's more to the coming consolidation than meets the eye. There being a number of issues I'd, again, like to discuss at length but doing so at this time would not be fitting. Wouldn't be right. Having to wait.
More going on in the overall than meets the eye.
Confusion understandably afoot.
Just consider that, in June, we witnessed the effect of a pps in the $0.25 area on the phantom float perpetrators. The pressure they were feeling as the run-up progressed unabated.
And just days ago we heard from an entirely reliable source about a recent appeal to the inside for a 300m share position priced at $0.03. A significant discount to market level.
Which tells us that there's no escape. The obviousness behind the desire to legitimize the criminal goings-on. No escaping, in full, with ill-gotten gain. The situation as it currently stands, after all, amounts to pure profit for our benefactors-to-be. Not even an associated tax liability. And so, and again, why the June goings-on? Why the appeal?
No mystery.
There's no escape. The plain and simple reality. It being just a matter of the right pressures applied inclusive of pps circumstance and trend.
And having said that?
Well, a need of considering the market level reaction to emergent formal word of a fitting buyout offer being the reality.
An offer equating, let's say, to a bare minimum of $0.75 per common share outstanding.
An, as stated, interesting trading week ahead.
We shall see.
And you're welcome.
Thank you to all.
Sherry...
You breathed a sigh of relief, did you?
I breathed one myself.
All the best.
Mark...
You're far from being alone as far as America's Cleaning Company is concerned.
The simple fact being that the OTC is a trader's paradise. Always has been. Always will be. I, myself, over a number of years having fully advantaged the goings-on. Sharing the wealth. The involved venues hosting no shortage of startup/development stage companies lending themselves ideally to the prospect of scoring a rapid multi-bagger or two.
The fact that the basement exists cannot justifiably be bemoaned. The opportunity to score a timely massive ROI, or two, from modest application of investing/trading principle. The type of potential return that upstairs simply cannot offer.
The OTC having its charms. The reason why so many choose to play. To wade into the mire. The shark-infested waters.
It being simply a matter of America's Cleaning Company belonging upstairs.
The OTC atypical.
PM...
It's details such as the current favorably adjusted share structure that adds to the pressure on the shorts.
The reason why, in concert with the coming consolidation, our coming trading week hosts the realistic potential it does to see massive covering. The massive upside emerging.
A line in the sand having been drawn.
The latest share structure detail to be revealed in full.
Jeff, et al....
The private side chatter having gained serious momentum. The latest word being that management has recently engaged in a series of meetings with a buyout suitor. A number, in fact, of such suitors having apparently shown recent strong interest. With one such, in particular, having management's full attention. Targeted negotiations apparently underway. And it is the case that the audited fiscal '09 picture has been available for some days internally. And Deloitte is now the reality for us.
The whole of it simply adding up.
The overall timing.
Based on what I'm hearing I'm about 90% convinced that America's Cleaning Company is on the verge of being bought out. A fitting offer being on the table. Being currently negotiated.
Not exactly the right time for folks to be bailing.
And, certainly, I have no idea as to just how any such transaction might actually be structured. But, additionally, the company's BoD being no fools and playing personal host to an associated massive collective vested financial interest. The obvious seeking of maximum return.
Our having talked at length about the past, the present and the future. The fact of the forward periods picture being that which drives always the buy-side. And, certainly, America's Cleaning Company couldn't host a more favorable outlook on the forward periods earnings front.
My having made plain, from day one, my personal take regarding the inside proceeding purposefully. The very deliberate targeting of a fitting buyout offer. My having outlined the full reasoning behind such perspective in several of previous posts.
Management being promoters by nature. And it has been an ongoing matter of a massive marketing effort designed to get America's Cleaning Company in the face of potential suitors.
And of late we've a series of company 'upgrades' being the reality. All of us being aware. Much having transpired on the professionalism front. From HQ to a new corporate website to company IR and more.
And now the pending consolidation. The NCM push.
The private side chatter having gained serious momentum. And that chatter hasn't missed yet.
And so, and again, I'm about 90% convinced that a buyout is about to transact.
All involved gaining in line with company BoD smarts. In line with Deloitte being fully advantaged/leveraged.
And so far it's been a matter of from sub-penny levels to an interim High of $0.2851. With no significant retrace outside of that precipitated by ongoing manipulative practices. The fact being that the serious buy-side was still very much in evidence at the time of our interim High. That which was as rudely interrupted as it was.
Management having come through.
And now an apparent buyout in the works.
Not exactly the right time for folks to be bailing.
The faithful longs being well aware of the gross undervaluation reality.
With yours truly having, on several occasions, opined the likelihood of a fitting buyout offer coming management's way before the associated price tag grew prohibitive.
Holding tight.
Thank you to all.
PM…
To date I've relegated a grand total of sixty-eight.
A telling statistic for sure.
And you're welcome.
And will do.
And thank you.
As for the question?
America's Cleaning Company becoming an NCM component vastly favorably alters both the trading dynamics picture and the growth/expansion picture. The very strong likelihood being that significant externally-sourced capital will be needed eventually. And to what extent will maintaining the parent company as debt-free be the continued reality?
Is the primary consideration behind such ongoing debt load status, as I and certain others have suggested, the attracting of a fitting buyout offer?
Maintenance of America's Cleaning Company as a prime target?
And having said/asked that?
Well, I'm aware of the recent posted mention of just such an offer being, very possibly, currently on the table. There's even some private side chatter on the subject. But nothing substantive at this juncture.
And, so, a likely need of capital at some point. Operating and growth/expansion.
And having said that?
And recalling...
(Mr. Metter from March 5, 2009)
'We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.'
The coming filing to paint a telling picture. Plus we have the Q1/'10 raw numbers detail to factor in. Plus the fact of the ramping up of the fiscal '10 marketing budget to the $20m area.
Exactly what the overall capital requirement picture proves up to be once NCM component status is achieved remains to be seen. Inclusive of debt-based vs. equity-based considerations.
And, certainly, a public offering is a sound approach as regards the raising of capital in general. The prospect of a successful underwriting being very real for America's Cleaning Company despite the lack of exposure at the institutional level. That which the uplisting is all about. Contact with the right audience.
With the reality being that any such offering early in the proceedings would be counterproductive. Would be seen as dilutive. Having negative connotations.
My primary point regarding a forward split or stock dividend being an adjustment of the potentially lofty post-uplisting pps in a way seen as entirely positive at the retail level.
A fitting pathway to increased liquidity.
And, again, thank you.
Penny...
A great many among us being more than passingly familiar with our 'good friend'. The degree of closeness to the inside. The unquestioned veracity.
And there I'll leave it.
As for the big picture?
The upcoming audited numbers will spell out the year-over-year detail. That which no shortage of parties from retail to the institutional level are understandably clamoring for.
And then factoring in what's already been formally presented regarding the fiscal '10 raw numbers picture.
A risk/reward scenario that simply can't be outdone.
And thank you.
Mike...
Where, again, would market level currently be had the June ugliness not transpired?
Discounting the transitory impact of the consolidation announcement it's all about manipulation. Absence manipulative activities we're talking a pps that fits in every way applicable.
Would be ideal were it not for that which so rudely interrupted the June run-up. The lies and deceit/distortion routine having won out. Forcing that which it has. The inside having no alternative but to rethink original plans.
The recent meeting of the BoD having arrived at a settling on the consolidation. But the outcome could just as readily have been the declaration of a significant stock dividend. That which we know was being also considered. And a mistake to not so proceed?
Market level was back to the $0.20 area after all. Overall sentiment being bullish.
Company BoD having arrived at a meeting of the minds. Settling on the consolidation. That which locks the uplisting.
Becoming an NCM component favorably altering both the trading dynamics picture and the growth/expansion picture. No longer a case of gross undervaluation. No longer egregious manipulative practices. A fair and fitting valuation. Effect of applicable multiples inclusive.
The NADSAQ Capital Market.
All that the listing has to offer. The future being wide open. Long-term success. Targeted annual gross revenues of $500m plus. Giving P&G a run for its money.
The prospect of a fitting buyout offer.
And perhaps sooner than we think.
Jen...
Tuesday's massive volume of 402m followed by Wednesday's 153m told us that a reversal was imminent.
And recalling...
--------------------
My not hesitating, even slightly, to suggest that those who've recently bailed having made the ultimate in poorest of choices.
Very soon scrambling to get back in.
--------------------
Our coming session to be strong. The understandable continued upside as emotions are sidelined. Clear thinking coming to the fore. Back to $0.20 plus.
A line in the sand for the shorts.
A matter of only a few days to shake free the necessary shares.
And good luck on that one at current levels.
The fun just getting started.
Naked…
Once again, I'm just the messenger. Company IR (as originally structured) providing the detail. The latest being that the filing will be posted Monday. And courtesy of a more professional source i.e., upgraded IR.
As for adding? Pre-split vs. post-split?
Well, I'll start with the fact that I, personally, have been adding, over time, in line with the monthly gross revenues picture. More concerned with a sound investment choice than shaving a penny or two here and there.
Additionally, my having advantaged the recent mindless bailing. Along with a host of clear-thinking others.
The plain and simple reality being that, currently, we have a gross undervaluation situation in evidence. A situation that will correct itself post-split. It being naïve to think that the big money will sit on the sidelines until the point of the actual uplisting.
The coming filing facilitating the completion of due diligence, as talked about, with the Q1/'10 raw numbers picture outlined. So on. The time to enter/add being the present. And for far more reason than one.
Not losing site of the fact of emotions being sidelined. Clear thinking coming to the fore. Back to $0.20 plus. Not losing sight of that line in the sand. Not losing sight of the prospect of a bomb, or two, of a PR emerging at any time/moment. The possibility of a fitting buyout offer being currently on the table. So on.
The time to enter/add being the present.
And thank you.
Carey…
Mature approach appreciated.
As for the timing?
There's no arguing with the order of events to date. Next trading week poised for liftoff. The coming filing having undergone a review by Deloitte. A significant bottom line upgrade.
As for the GetFugu, Inc. goings-on?
And...
'The investment is a result of GetFugu’s successful customization of its mobile based web search and e-commerce technology specifically designed for SpongeTech. Investment banking firm, Cresta Capital Strategies LLC, was the advisor on the transaction.'
[ successful customization of its mobile based web search and e-commerce technology ]
[ Cresta Capital Strategies LLC, was the advisor on the transaction ]
The necessary due diligence having been performed.
And...
'"As we look to immediately satisfy our customers demand, utilizing the most personal and accessible device available, GetFugu will literally change the way consumers behave," commented COO of SpongeTech, Steven Moskowitz.'
[ As we look to immediately satisfy our customers demand ]
[ immediately ]
The investment obviously based on market realities.
A forward thinking management team. A forward-looking management team. A management team constantly mindful. Just as regards...
The Smarter Sponge
The month-over-month gross revenues picture. Record after record. Brilliant thinking proving up.
The risk/reward scenario amounting to a no-brainer. The current cost of admission reality. Golden ground floor opportunity.
The acquisition of Dicon as a wholly owned subsidiary. The retaining of Deloitte. The GetFugu, Inc. investment. The fundamental and operational realities. Forward periods picture. The Reuters rating of Outperform. Top 30% reality. Becoming an NCM component. A management team hard at work getting the value-adding job done. A line in the sand. So on.
As our good friend Spino would say/ask…
What's not to like?
Risk/reward no-brainer.
The plain and simple reality.
And have a good one.
You and all others.
Correction…
"Well, only to have the September 20th PR hit the wires. Telling of the inside and massive purchases for personal accounts via the open market."
Should read…
"Well, only to have the July 20th PR hit the wires. Telling of the inside and massive purchases for personal accounts via the open market."
Thank you.
Kind words appreciated.
PM...
You're welcome.
And right back at you.
All the best.
Kij…
The filing is expected to be posted today. Latest word.
Bill…
A line drawn in the sand.
September 22.
And recalling the loss of shareholder value from the point of $0.2851. The talk of fiduciary duty. Of management being obligated to do shareholders no harm. To not only build value but to preserve the pre-existing such. The fervent call for the inside to formally address the twisting of reality routine. To not sit on their collective hands while market level succumbed to the ongoing lies and deceit/distortion.
And?
Well, only to have the September 20th PR hit the wires. Telling of the inside and massive purchases for personal accounts via the open market.
The inside having advantaged the goings-on.
A method in the madness. Seeming madness. Sitting on those hands for good reason. An ever-tightening float situation.
Who knew?
And now a line in the sand.
The post-split reality sending cold shivers down watery spines.
The phantom float far exceeding the legitimate such. Hugely exceeding the free trading portion.
Not a difficult concept.
Once the buy-side fireworks get seriously underway?
Our registered MM's will play massively into the order flow.
A massive breakout resulting.
September 22.
Holding tight.
Kevin, et al….
There being extremely good reason why management presented the BUYINS PR when they did. Drawing folks' attention. The sending of a message.
And recalling…
"The answers being always in the details. And stringing those answers together one arrives at the big picture. The view from the inside."
Brian…
With Deloitte's assistance the uplisting will be expedited. America's Cleaning Company becoming, in all likelihood, an NCM component within four weeks of the Listing Application being submitted.
A clean start. No baggage.
The coming squeeze seeing market level advance in line with the availability of shares. Supply and demand dynamics. The post-split pps potentially lending itself ideally to either a significant forward split or declaration of a significant stock dividend.
The ideal scenario.
All of it dependent upon the pps outcome of the coming squeeze.
Jason...
A need of bearing in mind the earlier example I presented in response to a request made of me, by a certain party among us, at a time of controversy.
And recalling…
"Then-IBCX being as outlined above. Morphing into Three Sixty, Inc./TSXT. Complete with a 1:1,000 split. From $0.0001 to $0.10. And on to $1.00 thereafter."
And why on to $1.00?
As opposed to the post-split retrace typical?
And courtesy of the atypical. The fact of no self-defeating dilutive activities. The fact of company CEO being hugely competent on the forward periods picture front.
Getting the job done and spelling it all out.
The same reasons why I, and numerous clear-thinking others, welcome the current goings-on.
And from company FAQ...
'Why has SpongeTech® Delivery Systems effected the reverse stock split?'
'The purpose of the reverse stock split is to increase the per share market price of SpongeTech® stock, enabling it to qualify for a listing on NASDAQ, which SpongeTech® believes is in the best interests of all shareholders. SpongeTech® believes that the reverse stock split will also enhance the desirability and marketability of SpongeTech® common stock to the financial community and investment public. In addition, SpongeTech® believes it will help mitigate the reluctance of certain brokers and investors to trade in SpongeTech® common stock at pre-reverse split prices.'
[ enhance the desirability and marketability of SpongeTech® common stock ]
[ mitigate the reluctance of certain brokers and investors to trade in SpongeTech® common stock at pre-reverse split prices ]
September 22.
The post-split/pre-uplisting period telling the story. A time when the Reuters rating of Outperform proves up.
The coming filing facilitating completion of called-for due diligence.
The Q1/'10 picture factored in.
Forward periods picture additionally.
The past. The present. The future.
And how about the September gross revenues picture to date?
How do you suppose that's shaping up?
And yet another record in the making?
Holding tight.
And all the best.
To all.
Thank you.
Kelly, et al.,
We'll start here…
(August 31)
'SPNG … announced today that BUYINS.NET, www.buyis.net, is initiating coverage of SpongeTech® Delivery Systems after releasing the latest short sale data to August 2009.'
And?
Well, why the very deliberate drawing of folks' attention to the shorting issue?
The timing?
And courtesy of our good friend DarkLady…
(September 7)
"What happens to the NSS will depend in a large part on how SM reacts when they come on their knees. He had already told them once to "go to hell". I know from many conversations with him that he still feels the same way. He understands they have spent hundreds of millions attempting to crush the company. One short recently came and asked for 300 million at .03. You can imagine what he told them. He has said they must go to the open market to cover. If they attempt to do that, where will they get the shares? There very survival depends on whether they can shake investors enough to give up the shares. There are a lot of very solid longs that can't be shaken. Those have over 2 billion shares at this time."
[ One short recently came and asked for 300 million at .03. ]
[ recently ]
And just and exactly how recently?
T'would be helpful were our good friend to revisit the board and tell us.
But, certainly, simple logic dictates that we're talking the mid-May area at the very outside. The point at which the $0.03 area was last in evidence.
And a short position of 300m?
With every penny equating to $3m.
Not exactly a difficult concept.
Feeling the heat!
And a note…
Just how easy would it be for an unscrupulous management team to scoop themselves up an easy $9m?
And time to think?
Just maybe?
And now we have our pending consolidation. New certificates to be issued. New CUSIP number to be assigned. An official separation of the legitimate float from the phantom such. A clean start. The post-consolidation trading dynamics to be a welcome change from the current manipulative goings-on. Welcome relief. Big monies and all.
And courtesy, additionally, of our good friend…
"This is where people don't understand Steve M. They condemn him, call him dishonest and under handed. In fact he has been developing over time an exquisite plan to deal with the NSS and eventually move us to a higher exchange. He is an exceptional businessman with exceptional contacts in the business community. Also he has access to all the money he needs to complete this process."
[ In fact he has been developing over time an exquisite plan to deal with the NSS and eventually move us to a higher exchange. ]
[ an exquisite plan ]
First BUYINS and now the consolidation.
The tightening of the noose to a massive degree. To the degree necessary.
The current legitimate float and the close ownership of same. Tightly held.
Not exactly a difficult concept.
My not hesitating, even slightly, to suggest that those who've recently bailed having made the ultimate in poorest of choices.
Very soon scrambling to get back in.
Some massively serious market level fireworks on the way.
To put it mildly.
The leveraging of criminal behaviors to the max.
No escape!
Bayou...
Back to $0.20?
Tolerance wearing thin?
"I do not know of anybody that likes or wants a RS."
Well, I can assure you that yours truly is all for it. Along with a host of clear thinking others. Two thumbs up!
The ROI of the century in the offing.
And again...
"In fact he has been developing over time an exquisite plan to deal with the NSS and eventually move us to a higher exchange."
And recalling…
"The inside and the drafting and execution of a little "plan" of their own."
It always has been, and always will be, a matter of following the bouncing ball.
The difference between the pursuit of shares to cover with pre-September 22 vs. post-September 22.
Not a difficult concept even slightly.
Staying tuned.
Spino…
Hello to you.
Hope all is well with you and yours.
And you're smiling, I trust?
Grinning broadly?
And who of worthwhile mind wouldn't be?
Hmm?
As for the ticker symbol change?
The whole of it beginning with company IR. Thereafter confirmed by Mr. Moskowitz.
Quite a few of us, since, searching for an answer.
My suggestion coming in line with the consolidation. That an expedited uplisting might see 'SPNG' temporarily (in the 20 trading days area) changed to 'SPNGD'. A new issuance.
In line with NASDAQ 5th letter identifiers...
A - Class A
B - Class B
C - Issuer qualifications exceptions*
D - New
E - Delinquent in required filings with the SEC
F - Foreign
G - First convertible bond
H - Second convertible bond, same company
I - Third convertible bond, same company
J - Voting
K - Nonvoting
L - Miscellaneous situations, such as depositary receipts, stubs, additional warrants, and units
M - Fourth preferred, same company
N - Third preferred, same company
O - Second preferred, same company
P - First preferred, same company
Q - Bankruptcy Proceedings
R - Rights
S - Shares of beneficial interest
T - With warrants or with rights
U - Units
V - When-issued and when distributed
W - Warrants
Y- ADR (American Depositary Receipt)
Z - Miscellaneous situations such as depositary receipts, stubs, additional warrants, and units.
Exactly what the 'change' situation amounts to we'll find out eventually.
Jeff...
Precisely.
All to the good.
And from the PR…
'Investment banking firm, Cresta Capital Strategies LLC, was the advisor on the transaction.'
The whole of the GetFugu, Inc. goings-on speaking to just how forward thinking/forward-looking our redoubtable management team is.
Just and exactly why the stellar level of bottom line success to date.
Not exactly a mystery.
The inside holding large. Being heavily invested in America's Cleaning Company. Multifaceted vested interest.
Being, extremely understandably, in the throes of executing…
"an exquisite plan".
The ROI of the century in the offing.
And again…
"One short recently came and asked for 300 million at .03.'
Confirming for us that there is no escape.
The tightening of the noose to a massive degree. To the degree necessary.
The inside having very clearly demonstrated, from day one, the fact that they are no fools. That there is every intent to bring value to shareholders.
Massive value.
And no kidding!
Holding tight.
Real tight!
Fireworks on the way.
Kyle…
Some folks being experts at reading the worst into the best.
Just and exactly why the 1:100 magnitude.
The folks who find it all to be rocket science, and post accordingly, is just something the more agile-minded among us have to deal with.
The way it is.
We can't all be winners on the IQ front after all.
And regards to you and all others.
Thank you to all.
Naked...
Thank you.
The ticker symbol question being a good one. My personal take being that we're talking a temporary change. The addition of a qualifier. Newly listed company. New component added to the tier.
As for covering?
Another good question. With simple logic dictating that some covering has taken place. Both earlier and of late.
And then we separate the legitimate from the embedded.
The imminent uplisting being a lock. In more ways than one. And right now we have a matter of the shorts, once again, hopeful of a total pps collapse. As previously. Capitulation goings-on.
The FTD's seeking profit. And latest session activity didn't provide it. With coming sessions to be no different. Market level strengthening in line with follow-up formal word and the filing. The numbers to smile about. Headed steadfastly north. No collapse. Same story as post-capitulation.
As for the embedded?
Sealed fate.
A forced buy-in.
And at what point in the proceedings?
Another good question. With a need of bearing in mind that once covering does begin?
Well, the existence of the hidden position will be revealed at the source(s). No option but to cover in full. When it gets underway it'll be a flood.
Waiting for it.
As for the Authorized?
Room to maneuver situation as outlined in my reply to Ramses. Company legal and accounting, once again, calling the shots. Advising.
The uplisting opening wide the door to the long-term future of America's Cleaning Company.
Global reality.
Holding tight.
Alive…
You're welcome.
And as best we know the 500m area is the latest Outstanding count.
And recalling…
(July 27)
'Furthermore, as reported in the Company's 3rd Quarter Form 10-Q filing on April 20, 2009, SpongeTech® had 722,866,061 shares of common stock issued and outstanding and the Company is also taking action to lower its outstanding shares by 30%.'
The coming filing providing the answer.
On the Authorized question?
A corrective action.
And no. Management being not obligated to file a Form 8-K. Discretionary situation.
And from today's PR…
'Combined with our recent engagement of Deloitte Touche LLP as our public accountants and our plan to apply for a NASDAQ listing, the reverse stock split demonstrates our commitment to establishing SpongeTech as a world-class company whose capital structure, operations and infrastructure all match the impressive sales growth we are achieving.'
[ whose capital structure, operations and infrastructure all match the impressive sales growth we are achieving ]
[ capital structure ]
Just focus on the fact of the uplisting in and of itself.
That which makes all the difference.
All to the good.
Cece...
The issue having been addressed.
And recalling...
"It being up to the discretion of the company's BoD as to whether or not treasury holdings were to be part of any split."
Back to $0.20 plus in (ahem) short order.
And on from there.
And you have a good one also.
You and all others.
Peter, et al.,
We'll start with a recollection...
*******************
There's no denying that Mr. Metter's reply to the question left open the door.
And…
"Would you entertain a 1:100 reverse split to get listed?"
"Well, we’ll deal with it when…Right now we’re going to go there on the basis of what the stock is going to grow to. The time has come for us to move off the Bulletin Board."
[ Well, we’ll deal with it when… . ]
And, so, a possibility?
********************
And from company IR on the subject…
********************
2_
"Reverse Split: Can you get share price where you need it without doing this?"
"Reverse Split: would be the last thing we would do lose 2 year branding the symbol"
[ would be the last thing we would do ]
********************
And from Doug Furth on the subject…
********************
(July 9th)
"I am not sure how many times I need to go over this with everyone but I can say to you AGAIN that there is NO REVERSE SPLIT in the works.
NONE!"
********************
Circumstances change.
And, as earlier presented by yours truly, Mr. Metter's reply did leave the door open.
No argument.
The simple reality being that America's Cleaning Company cannot achieve a fitting valuation under circumstances of the current underlying venue. Becoming an NCM component, on the other hand, fully addresses the gross undervaluation reality. The effect of applicable multiples inclusive.
The forward periods picture having garnered the company a rating of Outperform from Reuters. Top 30% reality. No shortage of motivation, therein, to move upstairs. ASAP. Given, again, the global economic downturn reality. The resistant business model of America's Cleaning Company.
Come the uplisting?
Market level will soar. A combination of a forced buy-in plus institutional level monies flooding in plus the effect of applicable multiples manifesting.
A fitting valuation. Company true value.
The coming filing to paint a telling picture. The coming Form 10-Q to paint a more telling picture.
Coming sessions to play welcome witness to follow-up PR's. Additional addressing of the view from the inside. Market level ascending. In line with the big picture. The bringing of value.
Becoming an NCM component equates to a long-term successful company. The prospect of forward splits down the road being very real. The prospect of a significant stock dividend, or two, additionally. Increased liquidity.
The consolidation news serving, as talked about, to seriously ramp up the ever-mounting pressure on the phantom float perpetrators. There being no escape. A very strong likelihood that coming sessions will see massive covering. The reasoning being more than obvious.
And sure.
Were it the case of the OTC typical we'd have a matter of criminals escaping with ill-gotten gain. But not so in the case of the atypical. The full reasoning behind the consolidation. The uplist intent. The fundamental and operational realities of America's Cleaning Company.
New certificates to be issued. New CUSIP number to be assigned. The phantom float exposed. And exposed on a whole 'nother level come the uplisting.
The phantom float perpetrators being trapped. No escaping with ill-gotten gain. Fate sealed.
Telling trading sessions to come.
The green variety.
For far more reason than one.
Continuing to hold tight.
Ramses…
Becoming an NCM component makes all the difference. Introduces a multiplicity of new factors into the equation. Inclusive of the very strong likelihood of a fitting buyout offer coming management's way.
Additionally, factoring in the potential for serious M&A activity. The global business plan reality. Targeted $500m plus in annual gross revenues. Additionally, forward splits and dividends. Additionally, stock options. Additionally, financing activities. So on.
There's none of us can argue with the bottom line success of management's overall maneuverings to date. The bringing of value. All the way from sub-penny levels.
With the inside holding large. Being heavily invested in America's Cleaning Company in more ways than one. Being not about to undermine that collective vested interest.
None of it being rocket science.
The prospect of a fitting buyout offer coming management's way having magnified hugely given the multiplicity of ways in which the uplisting will propel America's Cleaning Company on the growth/expansion front.
The plain and simple reality being what it is.
No arguing.
No second guessing.
Inclusive of the pending investment in GetFugu, Inc.
There being no shortage of those among us being experts at reading the worst into the best.
And let bail whomever wishes to. Those of us able to get past the trees to the forest will proceed otherwise. Continuing to hold tight.
The massive upside to come.
For, again, far more reason than one.
The plain and simple reality.
Kyle...
Affirmative.
And thank you.
And the earlier post?
Found here...
http://messages.finance.yahoo.com/Business_%26_Finance/Investments/Stocks_%28A_to_Z%29/Stocks_S/threadview?bn=63817&tid=309537&mid=309538
CR, et al.,
Found here...
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=te&bn=63817&tid=310673&mid=310673&tof=1&frt=2#310673
PM…
It's all about company long-term success.
About ROI for all involved.
The view from the inside.
In the short-term we wait for follow-up formal word.
Cooler heads to prevail.
Thank you to all.
Rsq...
Would be a pleasure.
In obvious fine company among the faithful longs.
But also a credit where it's due situation. The faithful longs having done their part. No argument. The ongoing understandable supporting of one's own investing/trading interest. The routine adding of value. So on. But well-recognizing a stellar management team having made it all possible.
A toast, or two, in the right direction.
And thank you.
SD...
Most assuredly.
And if a request is made of me on the extemporaneous public speaking front?
Well, I'll try not to disappoint. Keeping any such not only concise but indeed sticking to the...
"FACTS".
Dave…
I'm aware.
Steve...
Any other company would simply implement a significant magnitude reverse split. Releasing all from responsibility. Achieving the uplisting.
Path of least resistance taken.
And no. Not necessarily.
It being up to the discretion of the company's BoD as to whether or not treasury holdings were to be part of any split.
The beauty of the situation for America's Cleaning Company being the fact of the OTC atypical. The absence of massive debt load. The absence of massive and ongoing equity application i.e., dilutive activities. Fundamental and operational soundness. So on.
The phantom float perpetrators having figured the OTC typical. The trademark toxic financings routine followed by reverse splits.
Little realizing the caliber of the management team they so misguidedly targeted. The hosting of a business plan and model that simply couldn't fail.
Entirely laughable.
The whole of it.
A matter of being hoisted by their own petard.
Management being now in the catbird seat.
Readying to laugh all the way to that proverbial bank.
A little turning of the tables.
Kelly, et al....
Affirmative.
What you need bear in mind is the early June run-up. The absence of legitimate shorting activity of the time. The phantom float perpetrators pressured to the point of panic. The point of having drafted and executed the plan that they did. The short and distort goings-on.
The Reg. SHO flagging emerging post-capitulation. Our having discussed the associated reasoning.
Market level having traded largely sideways throughout the first three weeks of August. From the point of our post-capitulation High of $0.1650.
Our latest run-up coming in line with FTD's being forced to cover. Legitimate short positions being closed out. Losses locked in. A combination of covering and understandable ongoing accumulation taking market level to our recent High of $0.2260. Back to levels at which panic set in the first time for the phantom float perpetrators.
The legitimate shorts having figured that at the point of capitulation all was lost for the faithful longs. That a full retrace back to sub-penny levels was imminent. But no such. Said parties having called the situation entirely wrong. The Reg. SHO flagging resulting as the sustained upside emerged thereafter.
A matter of the shorts, in full, being screwed. Unable to win. And they were warned.
The pressure ever-mounting.
The point at which all hell breaks loose i.e., massive covering, lying somewhere in the $0.25 to $0.30 range. That which history supports.
No chance whatsoever for another successful twisting of reality routine. The latest yammering about the Deloitte engagement being less than factual amounting to nothing (ahem) short of as laughably lame as one can get.
And who among the faithful longs isn't laughing?
The obvious desperation.
Loving it!
Our coming trading week poised to play host to a massive breakout.
The latest word from company IR being that the coming filing will be posted either Wednesday or Thursday.
An official presentment serving to seriously ramp up the ever-mounting pressure. Inclusive of latest share structure detail.
And then factoring in follow-up formal word.
And again...
"The time has come for us to move off the Bulletin Board."
And will our coming session play host to a lead-in PR?
And staying tuned.
Focusing on the fact of ever-mounting pressure. Pressure about to be seriously ramped up.
Breakout in the making.
One thing begetting another.
The window of opportunity to load up at current levels is rapidly drawing to a close. Only a matter of a handful of sessions remaining before all hell does break loose.
A matter of America's Cleaning Company simply belonging upstairs.
The inside and the drafting and execution of a little "plan" of their own.
Laughing all the way to that proverbial bank.
Long-term successful company.
Staying tuned.
And all the best to you and all others.
Thank you to all.
And you're welcome.
Opus...
Thank you.
And indeed.
Payday on the way.
Patience/patients rewarded.
All the best.
DV...
Thank you.
And one of my favorites.
Classic Star Trek.
The good captain a 'shock and awe' character.
And quite the allegory given what's about to unfold for the faithful longs.
Kyle, et al….
Desperation, once again, setting in.
And considering all of it. From the point of June 11th onward. The rumors. The innuendo. The misinformation. The disinformation.
And recalling...
"Our having heard talk of a scam. Of pump and dump. SEC investigation. Trading halt. Reverse split. Litigation connections and issues. Massive dilution. Rule 144 Opinion Letters. Managerial misdeed and incompetence. Transfer Agent misdeeds. Drakeford & Drakeford misdeeds. Company IR complicity. Fraudulent PR's. Mysterious new issuances. On and on and on."
And factoring in the Flickr stupidity and yammering about Bill Young and a purported dismissal. And now the Deloitte nonsense.
And sure. We could get into the subtleties of a Letter of Engagement. Discussing the corporate structure of Deloitte. Talk about evaluation processes. About client acceptance procedures. So on. But why bother? The whole of it, at this juncture, having reached the point of the laughable. The wholly dismissible. Mindless ongoing effort to undermine all via every means available outside of presentment of actual fact. And who'd a thunk?
Our knowing from the point of early to mid-June that the shorts see no escape. And despite their best collective effort at twisting reality market level is now back to the range at which panic set in for them the first time. Precipitating the drafting and execution of a plan that served to achieve nothing more than temporarily delaying the inevitable. The inside, in concert with many of the retail contingent, having taken full advantage of the goings-on. Having smartly loaded up. A little laughable turning of the tables.
From June 12th through to July 14th. From our interim High of $0.2851 through to $0.0785 capitulation. The ensuing period having seen two run-ups. The post-capitulation such to $0.1650. And our latest to $0.2260. And between the two we've, on several occasions, come extremely close to achieving breakout. Almost home. With, additionally, the downside having been tested and resoundingly rejected by the market.
Nowhere to go but up being the reality. The downside being simply not an option. Resoundingly rejected every time. And courtesy of ongoing covering to a significant degree. Not just understandable ongoing accumulation.
Our having talked about the right spark/catalyst being in evidence. The market level reaction to such. With coming trading sessions poised to yield just that.
Breakout achieved.
The shorts under ever-mounting pressure from the inside. Seeing no escape. Management continuing to come through. Getting the job done. Long-term successful company. What it's all about. Ongoing fundamental and operational advancement. The leveraging of criminal behaviors to the max.
The "plan" involving a combination of the coming filing being officially posted to the relevant database coupled with follow-up formal word. One thing begetting another.
The window of opportunity to enter/add at current levels is rapidly drawing to a close. Only a matter of a handful of sessions remaining before all hell breaks loose.
The covering we've seen to date amounting to a drop in a bucket compared to that which achieving breakout will precipitate.
All the way to the MOASS.
All the way upstairs.
Holding tight.
Tradeup,
Of course.
Holding tight.
Having recently added. In line with the August orders record.
It being, again, about the future. The forward periods picture. About the targeted 100 SKU's by EOY 2011. And additionally...
(Mr. Metter)
"We also remain very confident that we will meet our goal of having our complete line of products sold in over 100,000 retail locations nationwide by the end of this year."
Factoring in the effect of synergies and economies of scale kicking in. Anticipated gross margins accretion. So on.
The future. Forward periods picture.
And...
(June 1)
'SPNG … Through the Memorial Day Holiday, SpongeTech has received nearly $15,000,000 in orders putting them on pace to possibly beat their expected earnings. Momentum should continue with the soon to be released children's bath sponge.'
[ Momentum should continue ]
And indeed...
(June) $18m
(July) $23.5m
(August) $29m
None of it being rocket science.
Inclusive of the ramping up of the fiscal '10 marketing budget to the $20m area.
And it's been said. Repeatedly so. Time to simply sit back and relax. Watching it all unfold. The "plan" referenced by company IR. The August/September timeframe. The time of the faithful longs.
A minor delay in the overall proceedings courtesy of the coming filing having undergone a review by Deloitte. A little bottom line improvement goings-on. A few additional days. Well worth the wait.
A bomb of a PR in the offing. The nuclear variety.
The shorts pressured as never previously.
Market level soaring to the $0.50 to $0.70 range with ease.
And on from there.
Management having not injected $14m of their own money into America's Cleaning Company in the absence of extremely good reason. Extremely good reason and then some.
Long-term successful company.
The big picture.
And recalling…
(Susan at company IR)
(Mid-July)
(Paraphrasing)
"They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyones expectation."
None of it being rocket science.
Sitting back and relaxing. Watching it all unfold.
A certain and specific "plan" coming together.
A move upstairs.
The leveraging of criminal behaviors to the max.
Long-term successful company.
Staying tuned.
Bill, et al….
(August 24)
'Deloitte’s engagement will become effective upon the filing of the Company’s Form 10-K for the year ended May 31, 2009.'
Referencing a particular date. Our well-knowing which date.
None of it being rocket science.
A simple matter of equities and emotions not mixing. Some folks being just a tad too proficient at reading the worst into the best. Unable to get past the trees to the forest.
Rampant inability, even, to make the Buyins connection.
And me?
And recalling…
(Mid-August)
"The same way that yours truly proceeded. Waiting for the July detail to emerge before adding to my original position for the third time. With more adding to come. In line with the August story. The expectation."
Always a need of proceeding intelligently. The August story now with us. Another orders record as anticipated. Seasonal considerations factored in. Loading up accordingly.
Readying for the move upstairs. The Listing Application PR to soon arrive. That which will propel market level hugely.
The Buyins connection factored in.
And recalling additionally...
"The answers being always in the details. And stringing those answers together one arrives at the big picture. The view from the inside."
Our being led by a management team to be truly proud of. Hosting no end of smarts. Routinely honoring fiduciary duty. The shareholder respectful. The getting of the job done.
Of the past, present and future it's, again, the future that counts. Forward periods picture.
None of it being rocket science.
Simply a matter of sitting back and relaxing. Watching it all unfold.
Emotions sidelined as the ROI of the century emerges.
The NASDAQ folks being made aware. Right down to shorting abuse goings-on.
A management team to be truly proud of.
Becoming an NCM component ASAP. That which cements company longer-term goals. That which makes all the difference. The point at which management can give themselves a truly well-deserved pat on the back.
Deloitte leveraged to the understandable max.
The reading of the worst into the best being the pastime of fools.
Onward and upward in more ways than one.
And chatting with you and the rest later.
Time to grab a few groceries.