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Our last filing showed 722 million outstandind
RME...480 million
float...242 million
Now the 150 million buyback the company announced. Once thats complete does that bring the float down to 92 million?
Or was a chunck of that 150 million buyback already done and indicated as part of the 242 million and the last filing?
Anyone???
We've got 2 dynamics in play for todays trading..
1st..company announced in their NT 50 million revenue/11 million earnings for 09..which could make a good case for a bullish session
2nd...They filed an NT 10Q which could spook the weak hands, and also be used as a negitive catalyst by the MM's/shorts
Will see who wins the tug-of-war.........
Interesting! So if they didn't get our names ect.. from brokerege account, they must have requested a NOBO list which also allows the company to do a share count.
Hence the announcement yesterday on short position
You should get one spine.
Question is, how did they get all the shareholders names and addresses?
A possible nobo list request...
John,
I think your on to something. I spoke to fishforbreakfast today, and he feels the same way..
Also the announcement of the 900+ million short position was most likely not a coincidence
You know were going to get a big push today that will allow us to close above 22.
I can just feel it by the way it's trading.
And if i'm wrong! Won't be the first time or the last
That should qualify you for the spng gold club award..LOl
The minipulation by the MM's is almost as comical as your post..
The minipulation by the MM's is almost as comical as your post..
20% chance
Do you guys know why he was let go?
You all better be carfull about projections for tomorrow. The market has a way of doing the opposite..
Long term were gold. But no whining please if the market doesn't react the way were hoping tomorrow...
As that with or without the coming blockbuster pr?
Yes it is soapy..
Obviously this is a national campaign that is a prelude to the big box stores.
if it came to my little neck of the woods it's national...
Just recieved a spng mailer.
addressed to my wife!
Very well done.
The amazing thing it not only advertises are sponges, but it also advertises our stock...You gotta love it..
The best part is it says "coming to a retailer near you"
NO_BS
Interesting observation from your associate from E&Y.
6 to 8 weeks steady appreciation then bam.
Plus we've got that naked short "theroy",LOL
Thanks for the post, and this definitly is the most exciting stock i've ever owned...
Many great things happening before our very eyes..
22.50 printed
Be carfull..that peace pipe could kill ya...
I would not refer to myself as a sophisticated investor..
However when I first laid my eyes on this gem, did some DD, I knew it was a major winner..
Just bought and hold, bought more and held..ect...
Like taking candy from a baby.........
z..these trades confirm darkladys scenario for bullish opening tomorrow..
All z trades were at or near high of day
Drew it's wrong..
They have the O/S at 111 million
And the market cap at 95+ million... at 0.1666 cents
The math doesn't work
Can you imagine what a massive short sueeze would look like?
Were all giddy over all the volume and upward movement in todays trading. Buyers hitting the offer early and often.
A massive squeeze would make today seem boring....
Carp, do you think the rme will be retired by august filing?
If so will be under 200 million
If not will be around 500 million.
Any thoughts?
The days are coming when 150 million trading day would almost double the share price..
What we've seen is all air shares being accumulated for the long term...
Once the nakeds are exposed and covered, the 150 million share trading days will be a thing of the past...
Can't wait...
Got it!
A shower sponge. How many times does the soap slip out of our hands when taking a shower.
Then we have to bend over, hit our heads on something to pick it up.
Just think, all the prisons around the world would order them, where bending over in the shower could be a very hazardous event!~!!
Brother just bought 100k share block..
Put the bid in 10 cents over the offer..
Took the mm's 5 minutes to execute full trade...
Could be wrong, but maybe there having trouble finding shares..
Drew,
You've captured my attention with your 10k share structure prediction of 106 milion float...
I can see the float down there based on your calculations with all the buy backs, and retirements. The float was around 250 million, so they would need to buy and retire a little more then half, A couple questions...
You really believe "ALL" rme wll be retired by 10k time?
Would the company be in any violation regulatory wise by announcing the intent to bring O/S down to 500 million, then throw the curve ball and bring it all the way down to 106 mm.
Shorts and extorts could cry entrapment...
Wadi,
If option c, and they issue new shares for short covering, what happens to the 1+ billion illegal shares already in the market?
Anyhing is possible, but the only way to get rid of these illegal shares is to make them cover in the open market, then retire said shares.
Unless there's another way to rid the market of the illegals that I haven't thought of
Last nights phillies mets game in new york. Sponge sign was in the right field corner.
Every time they showed the side view of the pitcher, sponge was right there.
The philly announcer even mentioned the spng sign.
He said chase utley always homers right over the spongetech.com sign.
He then went on to say what a great company it was, and the shorts were going to be toast!!!
OK..I made that part up...
But he mentioned sponge by name...Almost brought me to tears...
Dicon! That's right! We could go on, and on....
Thanks for the pm
Sponge!
Forgot one thing. And it's a biggie...
DEBT FREE!!!!!
Hawaii..
50 million in revenue = 10 million earnings in 09
300 million in revenue "should" = 60 million earnings in 10
Sorry! I'm very anal about these things
LOL..Whats your position in SPNG? The world wants to know!
Spine
SPNG long term investors are long, not because a chart tells us in 1 or 2 years from now the company will have grown exponentialy.
I mean no disrespect to chartist, but it can only help you on entry points or exit points SHORT TERM! Now granted these are important trading decisions, but if your long term oriented it looses some of it's importance.
And just because were long, doesn't mean were right. We honestly collect as much informaton as possible to make an imformed decision as to whether or not it meets are long term objectives.
now when I look at SPNG, as hard as I try, I can't find any weaknessess. Granted they could surface in the future, but right now fundementaly it has everything i look for in a company.
Management....
new market niche...
massive growing revenues & earnings
Rapidly expanding customer base
Global in scope
decreasing share structure
Top notch marketing of products
Top notch branding of name
Competionless
Verticaly integtated
Unlimited market penetration
Ever expanding product line..
Only negitive is we trade on the BB.
LOL...you just revealed your hand....
You have a position in spng?
Dwang,
I said basher"s" as in plural....
Your looking at short term technicals..
I'm looking at fundementals....
And yes! I am blind to the short term movement of the pps. Fundementals ALWAYS win the day...
If I misunderstood your motivation then my apologies...
Most longs such as myself are long due to the long term appreciation this equity offers to those who are patient...
Patience...seems like a alien word in our 21st century investment mentality
Hmmm..a stock divy? could be the event that begins the squeeze...
your right,,a cash divy forces them to come up with cash. unpleseant but doable
a stock divy..would have to come up with shares..there are none...
Hey spine heres one for you....
one and a half years from now. spng is earning 100+ million...
They decide to start paying a 10 cent divy per year....
200 million float so thats 20 million
you own 500,000 shares...
that's an annual income of 100,000 without selling a share...