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What these posters have to say is becoming more irrevelant as each day goes by...
By months end they will disapear into obscurity....
But first the'll have to cover..
breaking orders booked monthly by the Company. SpongeTech®'s products are being well received and continue to penetrate the marketplace including its newest product, SpongeBob Soap-Filled Children’s Bath Sponges that is now in the distribution channels and expected to hit major retail stores shortly. Management believes the drive in sales should continue as SpongeTech® brands its product line as The Smarter
Be carefull...That's borderline blasphemy..LOL..
I am speculating, but it's built upon strong circumstantial evidence...
The company announced recently their share buy back program has been raised from 100 million to 150 million to be completed by sept.
Now we don't know how much of the reduction from 700 mill to 500 mill is RME and or float shares. So i compromised and split it in half
Will know soon
And out of those 500 million, roughly 300 million are RME
Gas,
Big picture and long to me are synonomis......
I am very long because of the big picture.....
i agree with everything you posted..good post..
p.s..I think we all we be pleasantly surprised by the revenues spongebob sponge brings in
We should average at least 25 million per month. When you take into account spongebob release. Penetration starting int canada, s.america, europe.....
That's a 300 million $ company my fellow longs........
The COO says.............
"We are in this for the long haul"...
Now why would the COO make a comment like that? Any thoughts???
True..If we were trading just 10x next years earnings we would/should be trading above $3 today,
CutA,
You know your talking about a 500% to 1000% return in the next 30 days.
Sounds rather optimistic...
Don't know. It's what the article stated..
Just read the article in the box about spongebob sponge selling out in the test market in new england. And store's begging for more...
Wow do we have a winner there...
Reminds me, I spoke to IR a few weeks ago about the noble conference, and how viacom projected 20 million in revenues the 1st year..
What IR told me was that would be viacoms revenue 20 mill...
Our revenue would be 200 million minus the 10% we pay viacom which comes to 20 mill..
So our net would be 180 million in revenue.........
Just on spongebob sponge......
I've heard from a few people once the N/S are forced to cover SPNG should rocket north the way VOLKSWAGON did.
Can anyone give the board a history lesson on what happened to VW stock when the shorts were forced to cover?
Many Thanks
Good post Jethro...
There is no way the spng boys are going to announce a major up to 150 million share buyback and not fullfill it.
Look at their profile and history.
So jethro, you feel the trades announced after the market close are most likely company buys. You may have something there..
Soapy bubbles...
I've got a question regarding Doug Furths holdings. Don't want to ask it publicly.
LDRotunno@hotmail.com.......if you have time...
Z or any other long..
Was todays shorting of the legal or illegal {n/s} kind
And if you think it was n/s how does that fit with what stoxmagic has been saying, that n/s isn't happening since the sec clamp down?
Would appreciate some thoughts...
Volume has seem to have dried up.......
Buyers waiting in the wings.....
Can't ya just feel em....
The way this is trading..don't be surprised to see us go green today..
That would bring the O/S down below 200 million once all RME is retired which no doubt can happen in the twinkling of an eye
you guys are funny...and must think were stupid..
Z, What's burst selling??
Great find dawson...
half of the NFL stadiums...UNBELIEVABLE!!!!
WOW!!!
What a great day.....Congrats to all the longs who have a clear vision of the future
Your right cash! I think there might be more that hasen't shown yet..
Just think thats almost twice as much as the trading float..
Dreamgirl,
I feel very fortunate to have found this company. Started buying at 17 cents all the way down to 8 cents.
Normally this is not a good stradegy, but this is no ordinary company,,
I took full advantage of the opportunity and have accumulated shares in the 7 figure area...
7 figures!!! That's hard to imagine for a small investor like myself, {and all of us}.
Can you imagine when this starts moving $1 to $2 a day...LOL.
You guys are making me nervous with all these great projections in PPS...
Honestly I keep thinking to myself "this is too easy". LOL...
I keep looking for the weak link, and can't find it. Then the company comes out with more news and the story gets even better...
I keep looking for the shoe to drop.
Ain't happenen
So their are 2 short positions
The naked shorts from over a year ago with 200 million to 1.5 billion short
And the more recent short position that got us on the SHO list
correct????
All there infomercials are having an effect...
I've run across a few people today who are aware of the company due to the info's
Way to much strenth to keep it under 13 all day..IMO...
What will be the catalist to allow spng to have a breakout move up 3-4 cents in a day...
What will cause the powers that be to cease the minipulation...
I agree with drew. But i'm hoping for some forward looking guidance also...
Offer was at 0.1235.....
buyers took out the offer, so yu would think they would take the offer up to the next highest seller....
Nope! They brought it down to 0.1233...
Stinks of minipulation to the highest...
What's the chance of management doing a shareholder conference call after the 10k is filed?
Have they done CC in the past?
Thank You....
100 million in earnings
125 million O/S
20 P/E
Holy Moses....
Z..you seem to have a good handle on this..
If the company buys back the max 150 million shares in the open market...Excluding RME shares what would the float be
Under 200 million???
Epic,
Where is the MAC line right now? Thanks
Some longs seem to be frustrated over the way this has traded over the last month...
I would agree the PPS does not coincide with the fundementals of this great company...
But having a longer term view will fix that problem...
drew,
You know I get all excited when you use those kind of numbers,lol..
Truth is if we were trading properly, we should be trading around 20 times "NEXT YEAR'S EARNINGS"
So if we expect the O/S to be around 200 mill, and the company to earn at least 40 mill.
That would give us 20 cents per share in earnings. Trading with a 20 PE. we should be at least $4.
Sometime between now next May....Key is retiring all RME
Fellow longs...Just want to share my view about SPNG...
I have a hard time getting into the heads of day traders when it comes to a beaut like SPNG..
In and out..in and out...I wonder if they make money on every trade....
I'm not smart enough to trade in and out. I'm old fasion in my view of investing,. Back in the day you invested in a company long term, and as the company grew so did your investment....
You don't need to be a rocket scientist to realize the returns this company will give us over the coming years.
This is a life changer to those who hold tight for a few years. Todays PR just reinterated that...
Here's what Steve and Michael said, and i'll paraphrase.....
"This stock is so undervalued were gonna buy it. And by the way if you liked 2009 numbers wait till you see 2010. The world is interested in our product so were going to oblige and sell it to them. Don't listen to Sykes!"
Ok you caught me..LOL I added the Sykes part