goingupagain
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my mistake. maybe he is not a basher. good!
you are right, my friend, and who knows what inventions/innovations from there. the stuff now is to get rolling and later expand into new areas that no one is doing and that is how a company becomes huge.
wmt is walmart. imo is in my opinion, mm's is market makers. and the other stuff i need to learn about myself.
they are talking to walmart right now. so if you think that they won't stock sponge bob, dora and other sponges, you are mistaken. it will happen. go bash somewhere else.
the 50 million will be a drop in the bucket down the road, multiply that by 10 in the future.
the management of this co. is real smart, they could end up doing alot of innovative things. diversity beyond sponges is the real growth area also because the sponges are good, yet they need to expand and probably will beyond the spongies.
a good thing would be a positive pr after the conference.
the price will go up as good news comes in and if the company buys back shares and no r/s happens(probably won't) watch out!!
i do know that they have been talking with wmt, too bad someone like wlmart would not become a jv partner, not that they EVER would but wally world would make BIG BUCKS IF THEY DID!!
i agree. and with more good press releases with companies or stores ordering their products, the pps goes up/wait and see!!
agreed . i talked to a person in ir and they said the sponge bob product alone could be a 100 million dollar/yr. revenue product.
where is spng going in pps in 30 days? $1 a share? with a short squeeze by aug. $5 a share? assuming good news and buyback of shares of course.
i agree. i also apologize. i talked to very knowledgable person in ir about spng. they said a buyback of shares is in the works. and no r/s. i apologize for squawking about it earlier. they also said the company is talking to walmart but did not believe an order has taken place as yet. typically, the big "boxes" like wallyworld do not let a pr come out about it until the product is in their stores on the shelves. also, they plan on becoming a household name. their profit margin is somewhat over 40% they said.
if this is old and stale news to the knowledgeable people here, i again apologize. i know they are also planning on a steady stream of news in the weeks and months to come. hopefully, another good news pr like costco comes our way this week yet. good luck to all sponge followers!!
i still like eegc. i believe it will be a success one day. yet to answer you freddy, with reality, the facts are these:
1. eegc needs to drill to get the pps up. no drilling and we will see 1 cent before long,sorry, that is reality.
2. after drilling, hydrocarbons need to be found: do i believe they will be? yes, if not, the stock goes to .0001.
i hope a pr comes on monday, the 8th of june, and it says they got the money to drill.
if it's a fluff pr, the pps goes down.
and i am positive on eegc still, but time is of the essence.
sept 30 is not that far away. if it takes 2 or 3 or 4 million to drill the bellevue well, i am in hopes that someone somewhere in the world will put forth the money, cash in the bank, to get the bellevue well drilled this month or early july. with a good strike, the money problem is over. anyone who puts up the first few million, will be rewarded perhaps 100 times or more. after 20 years, i am sure malcolm does not want all to go down and have another outfit come in and take over the leases and then 20 years for him and others around him and all of us shareholders will go for not.
yes, it is hard in the world today to raise money, but there are billionaires and even multi-millionaires who could put up the money and if it failed, which i don't believe the tassie drilling will at all, it would be a tax-write off for them and they don't lose much. some wealthy people spend $50,000 a night going out with their friends, and some own 7 or 10 different homes or more.
time for any that may be in, around, or in the in circle or around the circle of eegc or gslm to put their money in the game of drilling.
i believe it will happen, because too much to lose for all involved not to...
good post. fun too. ok, if there is NOT a r/s great!
hey, i hope it goes to $2 pps and we all smile. it is a great co. and they are selling their products, my disappointment with my other stock, eegc, is their promises to drill for oil about 10 times and never do it.
spng is a good co. with a r/s or not!!
i am a long!!!!
go spng. i may buy more on monday. at 12 cents probably.
to anyone reading this. i like spng no matter what because they have a great marketing plan and are executing it. i may transfer all my money to spng. i will have to see.
very true. spng is still a great co. no matter what.
reasonable thoughts. reaonable. that is all that is needed.
i agree. 'nuff said.
no doubt being cast in anyone's minds.. if they have a reverse split and the stock goes on the nasdaq, it would be at $4 or $5 dollars a share. with time, and revenues pouring in, it could go up to $25 or $30 a share or higher, and those who are longs would benefit greatly no matter what. i am a long. and will hold my shares until such happens. how much more positive can i be than that?
remember law of supply and demand and with over 1 billion shares authorized a r/s is feasible and reasonable.
this board is about good discussion. not monopoly of one or two people's opinions. otherwise those that want to monopolize are the bashers, and we do not live in a fascist state-hopefully never.
lighten up .
you may be right, the r/s may occur at .40 and then a 10 for 1 r/s puts it at 4 bucks and they get listed eventually on the nasdaq when all the numbers etc.etc. are right for listing there. a great co. but no way it keeps the over 700 mill shares imho.
no one is bashing the stock. i think it is a great company. look at the reality of number of shares. over 1 billion authorized and right now over 700 million o/s. no one is bashing a stock who thinks that it may have a r/s of 10 to 1, and get listed on the nasdaq at perhaps 5 or 10 pps.
and with less than 200 million in 0/s at that point, and sales coming in , the stock flies up because of lower share total-the law of supply and demand. spng is a great co. but if you think they are not going to have a r/s , dude, you are naive.
does anyone on this board feel that spng will go to $1.00 before they do a reverse split to go on the nasdaq?? just asking opinion, holding no one to anything.
i hope they do find oil/gas by september. to be safe in that vein, they need to drill by july 1st at the latest so they will have results known way in advance of sept. 30. the time is running short and is best they do the drilling asap.
thanks howard for the positive post, as usual.
no comment beyond that on others.
i do know this: eegc has not come THIS FAR to let the drilling die out and the company go bye-bye. the person i talked to in tassie was very sincere and say that they want to get the drilling started "straightway" (that is all of our hopes except maybe for some, unfortunately)
i did talk to someone in tasmania at the gslm office and there has been a number assigned to cbm for the bellevue site, as it costs 1.50 per minute to call tassie, did not want to continue too long. but the person did say that if the drilling started that might get the gov't there to issue the rights on the cbm(my terminology may not be quite right)-and the person also said they have about 8 "lines out in the water" as regards getting the funding going.
i would humbly suggest that herculitis or any others that live in tassie go in and talk to the office of gslm. it can't hurt.(not like a $1.50 per minute)
i hope a pr shows up tomorrow or one next week. it seems that june may go by and no pr. hope not. what happened to the june 15th drill date?
maybe july now.
the price per barrel of oil can only help eegc. the gas in my area is jumping every time i look at the pumps. on a recent trip to calif. the gas was 2.36 a gal or more. now it is higher than that in the midwest. we will be looking at $75 a barrel soon and over $100 next year. does not hurt the profits of an oil company any. bad for drivers but it was coming anyway.
thanks. i think this was posted before. the rights offering is good but the pps needs to spike up for the rights offering to be effective. the pps will spike up with a funding DEPOSITED IN THE BANK pr.
i will celebrate first when the drill starts turning.
cbd should be: cbm
that is probably what is being worked on as well: the cbd rights all over the area in tassie.
but that can be worked out imho, the funding is the biggie, and like jim has said today, no selling, buying, because we need the pr that the funding is there in the bank.
nothing will matter about the past if they just drill and do it soon.
good pt.
congratulations and i applaud your optimism! may the news be very soon.
that is when we can smile. no one knows if oil is down there but we believe it is. just the chance to know: drill it, eegc, drill it!!
btw: 1.8 million spent the last 6 months and the rig is just sitting there: if they had just brought the rig there now-they could drill-
hope they do!! soon!!
ask the good people on this board for it-in a private message if need be-
anyone posting here or knows of someone that maybe does not post here: if you have malcolm's phone number: please call him and tell him to get the pr out and the drill moving on the bellevue well THIS MONTH IN JUNE.
i hope that the laughter becomes reality, vincent.