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Spring is here...... and along with it comes carwashing season again, and this year we also have the boat washing season. More sells= more profit.
Revocation won't happen.
Bankrruptcy won't happen.
.001 never
SPNG is headed up this year.
Spongebob
Dora
Pinkpanther
sea foam
pet
carwash
boat wash
marval
Dicon
endless possibilities
Some key statements in the new PR..................
With the SEC watching very close, and shareholder lawsuits pending, I think SPNG management and thier legal advisors, would not overstate anything or even come close to any pump.
45,000 retail locations in North America alone
"Over the past quarters, the Company has rapidly expanded
strong marketplace acceptance
substantial reorders
the Company continues to expand product offerings
IMO management will reach a settlement with MSG,and other problems. Lawsuits in this day and age are very common place and not a sign of a companies demise. Most never reach a judgement, Settlements are more likely.
Again in my opinion, I feel things are comming to a head and we will all know what direction this is going. I don't get the feeling that SPNG's management is the least bit worried about any of thier issues. That tells me they are working hard on resolving them. Not saying things will be all roses but certainly not all the doom and gloom I've been hearing either.
Bankruptcy not even. Revocation I don't see it.Management has to much invested to let it happen. They may push it to the last minute but thats all.
My money is bet on SPNG
All my opinion
Markets will be closed on Friday.
All that and still the PPS is holding up well and the volume is in the millions. There must be a few people out there that think SPNG will survive. I haven't seen Pike or any other big holder dumping.
How do you know they haven't already? Or even need to.
A wells notice does not mean anything is a done deal. It means the company has been put on notice, or informed by the SEC, you need to settle issues with us. Do you know for a fact that this is not taking place. SPNG could be in the prosess of dealing with all issues.
No one know at this point. Eveything is assumption.
Could be settled tomorrow, or maybe never.
Puppy ... thank you for stateing that this comment is your opinion. And it is a possibility. But not in my opinion.
My opinion is that SPNG will eventully settle with the SEC
and at that point will also file the delinquint 10k's and at that point will qualify for the 2-11 and uplisting to the
pink sheets.
Only time will tell who is right.
My bets are already placed, as I am sure yours are.
Bottom line is... SPNG's wells notice results, revocation and DOJ action is only seculation at this point. But some people are stating thier oppinions as fact. I for one don't put much faith in oppinions.
I agree that no 10k is unacceptable but it does not mean revocation is comeing any day. Many companys do not report for years before revocation proceding start. There is a company revoked last month that failed to file since 2003. The sec works very slow. There are many others as well, check the sec web site.
Pantherj..........................................................
You keep saying SPNG will be revoked. You state this in almost every post. Please show me where the SEC has stated that SPNG is being revoked. I have read everything on the SEC web site on SPNG, and can't find anything that states SPNG is being revoked. Where is the proof?? Or is this just an assumption???
Oppinion??
Guess???
A Wells notice does not mean revocation. It is part of the investigation prosess.
PLEASE SHOW ME THE PROOF!!!
TIA
Pantherj please enlighten me. If what you keep repeating is true…
Why would a company that is facing emanate revocation from the SEC
Still be spending money on expansion of thier operations and
production of new products? Maybe I’m a little slow here, but
my thinking would be, if my company was going to be shut down,
I would be trying to run out the remaining product line and stockpiling
all the money I could get my hands on.
SPNG is not doing this; they are spending money, on expansion of
product line, new distribution outlets, new employees, Attorneys,
and advertising.
I own a business, and if I was going out of business , I would not be
responding like this.
Please explain this to me, maybe I'm missing something.
TIA
excellent point.
Facts???? Proof???
I love the way some people on this board make statments about SPNG, the SEC, Wells notice, ECT and express these statments as facts, but don't, can't or won't include proof of these statments.
If your going to make statements of fact please show your proof!
Other wise all your statement is or will be, is an oppinion at best and most likely just a guess.
Facts are
SPNG has received a wells notice, as yet nobody knows the full details or the out come.
SPNG is involved with lawsuits, as yet Nobony knows the full details or the out come.
SPNG is late in filing 10k, nobody knows why. Nobody knows if or when they will file.
SPNG share structure is uncertain, nobody knows current o/s or float.
SPNG is selling products, knowbody knows how much or at what profit margine.
SPNG has international sells, nobody knows at what volume.
SPNG has internet sales, nobody knows at what volume.
SPNG has new products emerging. Nobody knows when or how many.
SPNG's future is uncertain, nobody knows
SPNG has product in major retail stores. THIS WE DO KNOW Including but not limited to, Wal-Mart, CVS, Sears, Petco, ECT
Many other things we can speculate on but again we need facts.
I for one have done my own independent DD, and hold a long position. MY OPPINION and thats all it is, I feel that SPNG will eventully come through all of this, maybe not untouched but Spongetech will continue as a company. I have no guess or oppinion as to the future PPS (do we really know this about any investment?) But as I am holding long AND at this point in time my shares are in the green, you could assume that I feel the PPS will eventully increase.
PLEASE if anyone has facts by all means post them!!!
but all the bloated oppinions are getting old and tiresome.
Do you have proof of that Puppy
Please post link
Lets not forget boating season, the new marine sponge should be a big hit. I know I have ordered one for my boat. I'll let everyone know how it works.
Car wash season is just around the corner, I expect to see the carwash sponge in wal-mart, cvs, ace, and auto zone. It was a big hit last year.
Up listing off the grays now one day closer. Countdown to sponge rocket take off
Excellent post, thank you for taking the time to write it.
Long and strong
At a deep discount outlet store or a garage sale near you SOON.
Like Wal-Mart or CVS
Puppy answer me this.
If management and thier attornies thought for one minute that there was a chance of spring being revoked and shut down, why would they bother to spend any money on new products,packageing, employees or any other up grade to the company, instead of holding onto as much money as they can to run with.
And look at all the investors running for the doors.
Long and strong behind SPNG
Repeating the same tired old stuff over and over doesn't make fact.
Looks like longs are holding strong.
Puppy... Been hearing that forever
.02's coming
WOW!!!!! .0535
To those who claim that SPNG is a scam.
Why would a scam company bother to produce new more interesting products, up grade packaging, increase production, and hire dozens of new people for there manafacturing plant.
I have been in busness for fifteen years, try and spin this any way you want, but as I see it, this is a company that is making a good effort to grow and expand.
A scam (I've seen my share) works hard to funnal money out of the company, not reinvest it. Why spend money to improve if you are trying to line your pockets and run?
I see Spng as a young up start company that grew to fast and made some mistakes, and now is going through growing pains. As with all youngsters that stumble and get hurt, it dosen't spell the end, they get up and learn from the mistake.
What dosen't kill us makes us stronger
After all the walls Spng has run into, thier still here and still growing. That alone shows me alot.
And to all the naysayers.. no matter what you have said, the negitive spins, shady post and out right lies, SPNG still holds on. Are you gitting worried yet?
Overachiever...Have you tried one of the Dora sponges? What are you baseing your info on? Have you even tried the Spongebob?
I have, and in my oppinion it works very well.
Namesy Thanks for the reply
I am in agreement
Longs...............
Any thoughts on the volume?
Add Boise Idaho to your list
Overachiever..you claim that you can't find
spongebob in Wal-Mart.. Could you please post all the Wal-mart stores that you have checked.
TIA
Spongebob has made it to Idaho Wal-marts
Spook can you provide a link please
dr33m, SPNG is not the first share printing pump and dump scam to have product in Wal-Mart and that is a fact.
Reginoo
Nice try, but your grasping at short straws.
Can you show your proof of billions of shares?
Or for that matter proof of any of this
they know that at any time now something very bad can happen to the stock and the company, eg SEC fraud charges, DOJ indictments, SEC revocation, bankruptcy, more lawsuits, etc etc
Unbelievable......
85% of trading today is at the HOD and yet the PPS won't go up...
Got to love the gray market.
I don't think they can keep in down much longer.
Very true...
Opinions and speculation is just that...
Bottom line is the PPS is moving up and getting stronger
Volume is good
Products are in major retailers
Sales are being made
New products are coming out
SPNG will not give up
.04 trading very well... New HOD coming... EOM
Half the volume so far is at HOD
Good sign
WOW 1 mil @ 0.039... 1 mil @ 0.04