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Forward split... you have 1000 shares at $10 per share...company does a 2 for 1 split..you now own 2000 shares but the share price is now $5...(very good)
reverse split... you have 1000 shares at $10... company does a reverse split 1 for 2... you now have 500 shares at $20 (bad)
Note...value stays the same....
dividend... could be a stock or cash dividend... compay issues 5 cent dividend per share...if you own 10,000 shares you receive $500 in your account
stock dividend the same except you get dividend in new shares...
Brian, they just announced 13.5 million in sales for 1st half of august...
I would say their selling pretty darn well...
Dent! Best post of the day! how long did it take you to come up with that gem of a post?
I should think air shares are not hard to duplicate. There are billions in the market already...
Excerpt from stoxmagic...
Today's formal word was expected. Being not the referenced PR. You need bear in mind the Dicon acquisition PR. How ill-timed the release was. At the worst possible market level moment. The PR we're talking about is going to generate massive buy-side volume. Far in advance of even that which our June run-up saw on average. Is going to yield a truly massive breakout. Massive green. And recalling just how close we came to a breakout on July 27th. When management released the share structure adjustments intent PR.
Our June run-up was a different environment. Far different than today's reality. Our having talked about it all at length. At this stage of the game we're back to the true nature of the underlying venue. The sparks/catalysts/audience reality. The right spark/catalyst yielding breakout. The referenced PR to be released at some point this trading week. Massive green resulting. Word having arrived, earlier, via the grapevine. And reinforced today. Today's formal word amounting to nothing more than a prelude to that to come,
Good post fish...
Imagine institutions challanging the shorts for shares....
That would force massive pressure north on PPS
Z.. I believe they don't want the truth due to their motives.
you posted you feel the 10k will bring us to true value. Even with all the shorting still occuring?
True value is over a $1, Do you agree?
Mack...
Thanks for posting that. First time read for me. This is the first time i've heard management address this issue. And for them to do that in a shareholder letter, with tjhe amount of detal tells you how serious they think this is.
And that was a year ago...
Extrapolate what's going on here to 10k 2010
70 million in sales per quater {conservitive}
280 million in revenue for 2010
55 million in earnings (realistic)
200 million shares outstanding (we know the company is going to retire rme. this 200 million doesn't factor in more buy backs)
25 cents earnings for 2010 x 10 pe is a $2.50 pps.
This not only realistic but extremley conservitive. So relax and enjoy the ride
55 million in sales so far. we should see close to 70 million in sales for the 1st quater......WOW!!!!
A few weeks ago someone posted this trading activity was the company buying back shares.
Up in the morning to establish the high bid for the day, then trading all day below high bid which is exactly how the company is regulated to buy.
i dismissed his post at 1st, but now I'm not so sure he wasn't right.
If I were management, I wouldn't release august numbers. I would wait for the 10k
SURFMORE...
"if you are holding shares it would be wise to continue to do so this week, if you choose to be on the sidelines it would behoove you not to follow it, unless you wanna be sick"...
Is this the week we've been waiting for???
If the company allowed them to cover with the 2.7 billion A/S at say $3 how would that effect us,
I would rather the company force them to cover in the open market,,
I'll jump in..At the noble conference SM said 100,000 stores by end of summer,
They are now saying 100,000 by end of calander year 09
10K due out in 2 weeks...
SM announces upcoming reduction in A/S to 900 million 3 weeks ago...
And now company raises the A/S....
LOL you gotta love the way the guy is playin the game...
i was just responding to the thread......
As far as the naked shares. Company will be hudge with or without the short covering.
Company did 50+ million last year. shorts didn't help or hurt
The'll do 300 million this year. shorts won't help or hurt
They will bring share structure to 500 million O/S and eventually 200 million. shorty won't help or hurt...
So you see it doesn't matter regarding a short sqeeze. Company will do just fine without one...
But we do know the truth, don't we???
"it will take only one bit of bad news and this stock will go into free-fall as everyone will seek an exit. good luck
Been waiting for bad news myself.....
But it's all good! past, present, and future...it's all good
Never met Steve.M. Spoke to him once. My take is this A/S structure was done one last time before the 10K to reel in some more shorts and weak hands....
Wouldn't bother me to see them raise it to kazillion..........
Short it even more...short short short all you can..
Wrong again cash...
It only took 2 minutes...
Nevermind..LOL
Morning to all...
ask/bid below close...mm's gonna put up a fight today!
LOL..I was thinking the same thing.....
The last 20 seconds of the vidio was great...
I wouldn't be surprised to see the company hold off on august revenues till the 10k.
They might want give us some surprises..
Z.. your post about a short squeeze raises a question.
The only way were going to force these criminals to cover is some type of event...
tender offer
buyout
cusip change
ect...
Growing revenues imo won't do it by itself
What direction do you see us taking to force this major squeeze??
There not moving...There selling!!!!
Note...bid is higher then yesterdays close for the 1st time in many sessions...
Does it have any meaning for today? Maybe..Maybe not..
Namerehwon,
SPNG has had months to gear up for the walmart invasion. If that's the reason shame on them..
IMO..I feel were waiting for the green light from viacom
Rhino,
Don't know. This was posted on yahoo today. I just copied, paste, and posted
“As we near the end of the summer season, families will now begin focusing on the ‘back to school’ shopping. Our Children’s Bath Sponges are moving along through the distribution channels and we expect to see the product hit the shelves of major retail stores across the country soon; even fly off the shelves,” commented Michael Metter, CEO of SpongeTech.
COO of SpongeTech, Steven Moskowitz comments, "This is a major step in SpongeTechs’ marketing and brand awareness campaign as we market our newest product. We anticipate reaching millions of households throughout the country and based on the track record with the direct response marketing program on our other products; we expect to do extremely well with our Children’s Bath Sponge.”
Taken from the yahoo board
http://www.flickr.com/photos/41120206@N02/3812043323/
Looks like they are going to go nationwide with this. For advertising purposes these signs are pretty neat.
Brian,
"Now do u really trust everthing they say..."
I have 1+ million shares at a price of 12 cents.....
If i didn't believe I wouldn't have jumped in with both feet..
But hey, that's me.
Were on the same side of the trade. We will both be rejoicing with other fellow longs in a few weeks.
The more shares you own the more you will rejoice...
it will be in the "10"K end of the month.
i find it hard to believe anyone who's long doesn't believe the PR regarding the new share structure.
I'm not critisizing, I just wouldn't own stock in a company I didn't trust...
The question is when the company shows in the 10k
50+ million in revenue for fiscal year 09...
10+ million in earnings
500 million O/S
900 million A/S
Will the shorts and MM's still be able to keep the PPS down?
You must be talkin to Bill Y
Assuming you are correct. How many of those 483 million are RME?
Prediction for 10k 2010
450 million in revenue...
90 million in earnings...
100 million outstanding shares....
I know i'm getting a little ahead of myself, but always said i'm a long termer...
However to be fair to my assesment company should be trading on earnings 6 months to a year out...
I've not seen nthe commercial, but I was under the impression you can buy it from the commercial, like our other products..
Am I wrong??
I would love to know how the sales have been for spongebob since we launched our commercials...
Anybody???