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LOL.. he didn't think you'd google the address....LOL
Agreed Royal...
You know these guys are pretty smart...
I wouldn't be a bit surprised if their buying for their own personal accounts, but continuing their assault to collect their paycheck...
Right guys? Am I right?
Ace just received there inventory and their reducing prices due to lack of sales?..LOL
You can do better then that...
Problem is... you guts are running out of ammo///
Hey Fish!!!
Can't wait till monday..Heard the spongebob commercials will begin..
Here is my only concern...
If were trading at a $1 per share, and we merge into a nasdaq company tradind at say $4 per share. 100k shares of SPNG would become 25k shares of SPNG.
The valuation would remain the same but the amount of shares we own would be far less...
Please if I'm wrong let me know!!
17 million shares LOL...
You are one fortunate individual...
carp... were trading with a 75 million $ market cap...
722 million shares O/S trading at 0.105 = 75 million market cap
Now with only 150 million shares O/S, to achieve same market cap of 75 million, PPS would have to trade at 50 cents.....
And that's without any pps movement from here....
This will certainly be trading in the double digits in a few years or sooner
This could be big...I wonder id viacom has given us the go-ahead
SM told me all RME shares to be retired on or before feb 2010...
Does that mesh with your understanding?
carp..
That would be huge if we got down to 150 million o/s...
When are they expected to retire all RME shares by?
We have to remember SPNG is the puppet and viacom is the puppet master...
They tell us when to jump and how high to jump...
This is all about spongebob {NOT SPONGETECH}!
We will be told by viacom when we can launch are product in stores like wallmart...
We will also be told by viacom when we can start airing our spongebob commercials...
So please don't blame SPNG for a missed opportunity when they have no control on when they can start said release....
I hope it's a real commercial with a cute little kid in the tub washing with, and playing with spongebob sponge
Having a hard time keeping it under 10.....
Also having a hard time moving past 10..
Something will give....
And from my view it'll be to the upside
Thanks cav...heard from a very good source there on the trucks being shipped as we speak...That's why the magic man's post through me off...
Am I to understand spongebob sponges won't be shipped for another 60 days, or did I mis-understand the post?
Miami..I'm watching the same game...from philly...
I agree fish..good post..member mark for you..
It wasn't posted for your benifeit...
just used your post to reply for conveince, added to my being extremly lazy
Thursday July 16, 2009 7:10 AM PDT
By James E Brumley
It's been a very busy week for SpongeTech Delivery Systems, Inc. (OTC:SPNG) as a company; too bad it's not been a very profitable week for the penny stock's investors. Since Friday's close, shares are down about 20% (as of Wednesday's close). My initial expectation was for more selling, but after a glance at the chart, I'm now thinking that SpongeTech may have hit a short-term bottom. We'll know for sure in a few minutes.
My line in the sand (support) was 10 cents, which had acted as a floor in late June and early July. When it broke on Monday, I figured we were going to see this penny stock head south, all the way to the next support level at 3.3 cents.
On Tuesday and Wednesday though, we saw SPNG bottom at 7.8 cents both days, and we saw a decent push off that low by the time the closing bell rang. Those late rebounds - no matter how small - hint that somebody's going fishing.
The one thing current owners and buyers have going for them is yet-another wave of encouraging news from the company....
On Monday, SpongeTech announced that Skymark Research had initiated coverage of them. I tried to access the research, but the SMR website requires an account to view the data (and the last thing I need is another membership to an information-based site. If any of you have a Skymark account and want to share a little coverage of SpongeTech, please feel free.)
The most interesting part about SkyMark's coverage? According to SpongeTech's press release, SMR is NOT being compensated for it. That seems like a first for SpongeTech, who seemed willing to give shares to anybody willing to talk about them.
On Tuesday the company announced they'd established a presence in 7500 new retail locations. We don't know which ones, and we don't know how they got into them. Perhaps it was through the Dicon deal (though that would be pretty quick work). Either way, that's going to bolster the top line again, which is already swelling at a pretty quick clip. Congrats.
On Wednesday the company let us know that InvestorSoup.com has started coverage of their penny stock. This coverage wasn't directly purchased by SpongeTech either, but....
"InvestorSoup.com is a Web site wholly-owned by BlueWave Advisors, LLC, which has been compensated fifty-thousand dollars from Pine Mountain Ventures, a shareholder of SPNG, as a marketing budget to manage a comprehensive investor awareness program including the creation and distribution of this report as well as other investor relations efforts."
(Side note: All compensated coverage is at least a little biased, but bulls and long owners shouldn't complain.)
And finally, on Wednesday, SpongeTech filed the first actual 8K I can ever remember them filing (though they should have been all along). It was about the Dicon Technologies acquisition. It was a fair purchase....
"Pursuant to the Agreement, we acquired 100% of the membership interests in Dicon, for a purchase price of $2,350,000. In addition, we paid off Dicon's loan with Wachovia Bank, of approximately $2.2 million, and agreed to provide Dicon with (i) up to an additional $250,000 for Dicon's purchase of manufacturing equipment for a second production line dedicated to the manufacturing of our products, as well as (ii) an inter-company credit line of $270,000 for Dicon's general working capital needs."
I've made no bones about my opinion of the company in addition to my opinion on the stock, which are two different things. I think the company is doing well, while I think the stock is still subject to the whims of the speculators. As such, you can't yet 'invest' in this penny stock.... you can only trade it.
That said, the next trade will depend on whether or not this penny stock breaks under support at 7.8 cents or not. If 7.8 cents breaks down, I'm looking for that move to 3.3 cents.
If instead we see SpongeTech shares climb above 8.7 cents, I'll assume the sellers are through for a while and that the buyers are trickling back in (fueled by the latest salvo of good news). That could get the stock to 12/13 cents at least, in my opinion.
Business News
SpongeTech (SPNG) Poised to Pop on New Analytical Coverage
SpongeTech Delivery Systems, Inc. shares may be getting prepped to ride the waves of good news regarding the Dicon acquisition, with a little help from Skymark and InvestorSoup.com.
San Diego, CA 7/16/2009 02:24 PM GMT (TransWorldNews)
SpongeTech Delivery Systems, Inc. (SPNG) shares, which have been tumbling since mid June, may finally be settling and entering a bullish trend. Encouraging news this week about a growing number of retail outlets and positive analytical coverage appears to have renewed some buying interest.
To read the full analytical review of SpongeTech and its stock, please go to: www.smallcapnetwork.com/s/.
On Monday, SpongeTech announced that Skymark Research had initiated coverage of the stock. On Tuesday the company announced they'd established a presence in 7500 new retail locations. On Wednesday the company announced that InvestorSoup.com had started coverage of their stock. Also on Wednesday, the company filed an 8K regarding the Dicon acquisition.
About SpongeTech Delivery Systems
SpongeTech Delivery Systems, Inc. (SPNG) designs, produces, and markets unique lines of reusable cleaning products for Car Care, Child Care, Home Care and Pet Care usages. These sponge-like products utilize SpongeTech(r)'s proprietary, patent (and patent-pending) technologies and other technologies involving hydrophilic (liquid absorbing) foam, polyurethane matrices or other ingredients. The Company's sponge-like products are pre-loaded with specially formulated ingredients such as soap, conditioner and/or wax that are released when the sponge is soaked and applied to a surface with minimal pressure. SpongeTech(r) is currently exploring additional applications for its technology in the health, beauty, and medical markets. SpongeTech(r) Delivery Systems, Inc. intends to globally brand its Company as America's Cleaning Company(tm) .
And you base that on what? Charts..conjecture...hope???
The MM's have been able to minipulate & control PPS.
Everone seems to think were going to be green today. Hope your right..
But if the MM's want to really frustrate longs, and have them throw in the towel, todays the day to do it..
If they take us down today, DON'T be fooled into selling your shares..
That is exactly what they want you to do...
laser,
your afraid aren't you?
D/C,
When spongebob is realeased by spongetech and is available at wallmart/target, and the like, that will me a major mover, both in PPS and revenues...
Remember the NOBLE conference...It was stated that viacom believes this will do 20 million it's first year.
But most didn't hear was the other gentleman at the end of the conferece. Yoy could barley hear what he said, but i turned my speaker on high, put my ear right on it.
He said he believed spongebob sponge will "FAR" exceed the 20 million $ number...
Can't wait
Janice welcome!
Do you have an opinion on SPNG?
"It does read as very impressive except that SPNG's pps continues to go down! It seems to me that the only realistic explanation is dilution".
Do you really mean that? Dilution???
Good day today though we were down a little.
PPS rebounded nicely back over 8, and stayed there.
My feeling is that investors started to realize we bottomed out, and once they were confident we weren't going lower they started to jump on board and bid it back up. This should continue
8k...Not much details, but gives confidence (to those that need it) that the company is backing up their statements about a debt free aquisition.
Great company...booming sales...public awarness...
I know the float...Uncle Stephen told me around 500 million..
I didn't read in his post anything about SPNG being uplisted at 10 cents....
The idea, which stoxmagic has alluded to is to get the PPS up to at least 50 cents before an uplisting can even be considered
Coffee,
Was thinking the same..Great minds think alike
Yes.. at 0.843 But i'll tell you my bid was above the ask and it still took a few minutes to fill..
Great post miami...
Longs..50 million in revenue last year..
On pace for 250 million this year.....
New products galore coming this year...
O/S "WILL" be lower then the 722 million...not higher
Do not let these ev@l people steal your shares
Don't panic....a monster company in the making, thats why they want your shares at barginbasement prices...
Look through their transparency, and see them for what they are, and what their trying to accomplish...
The fall in pps has nothing to do with the fundys of SPNG
They had 50+ million sales with only 14,000 stores..
I'll share my opinion....
Great news is close..if i know it the shorts know it too...
Their driving the pps down to cover and accumulate...
I think Doug forsaw this happening
Yea my post was just deleted....I'll try again
Just wan't to share my enthusiasum about SPNG americas cleaning company
Just bought another 100,000 shares under 9 cents.
Not bragging.. just want to show my optimisum to all longs, amongst all the negetivity we've been getting lately...
I'm completely sold on SPNG. These prices are a bargin. You'd be wise to take advantage..IMHO...
The float is around 200 million, but the RME shares are around 500 million. That's why we have around 700 million O/S.
Now if management retires all RME shares by end of year were GOLDEN
Let's try and seperate how SPNG is growing, and thriving from what's been happening to their stock.
Nothing has changed, nothing!! It's only gotten better.
Stock is being minipulated,Can't last much longer..
In the end, fundementals will win the day
Withstood second onslaught...Wouldn't be surprised to see this end green..or at least down a small amount
Whahooooo we survived the onslaught....Haven't had this much fun in a while....