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Very kind.
Thank you.
Spino…
The answers being always in the details. And stringing those answers together one arrives at the big picture. The view from the inside.
Uranium/OT...
Of the NCM Initial Listing Requirements there are both core and non-core considerations. The minimum Bid price requirement being non-core. NASDAQ being open to making concessions. And same story as regards Continued Listing Requirements. An example being the recent concessions made relative to the global economic downturn. Another being a similar set of concessions made following the 9/11 tragedy.
Of the requirements, in full, it's pps circumstance that most well lends itself to a successful argument being made.
The confirmation I've referenced recently coming by way of certain of the faithful longs having entertained recent discussion with company IR. Sharing the gist of the conversations with the rest of us. Two recent posts submitted to the Yahoo! board. Company IR speaking to the uplisting intent. The seeking of a waiver of the initial listing pps requirement. The path that management is very justifiably taking.
Sherry…
Very kind.
Thank you.
And you're most welcome.
Carey…
Our redoubtable leaders being of an in-general promoter's nature. Proceeding accordingly. It being they the sole reason for the stellar raw fundamental and operational numbers to date. The stellar rate of growth/expansion. The stellar bottom line success. Second guessing any of management's maneuvering to date carries no justification. Had managerial maneuvering to date met with a less than stellar outcome? And a far different story. But so far? There's none of us can argue with the stellar outcome.
Brilliant maneuvering.
Inclusive of keeping dilutive activities down to a bare minimum. Inclusive of maintaining the parent company as debt-free.
The OTC atypical to the nth degree.
No arguing whatsoever.
None.
Peter...
We've a management team upon whom there's no moss growing whatsoever. Firing constantly on all cylinders. Getting the job done.
The PR telling of the BoD having voted to seek the uplisting dating back to May 7th.
And from that PR...
'In addition, SpongeTech(R) will undertake the corporate actions necessary for SpongeTech(R) to meet the quantitative and qualitative requirements for the listing application to be approved. SpongeTech(R) currently meets most of the financial listing requirements with the exception of stock price.'
And then coming the NFE Conference presentation and the meeting with NASDAQ. Market level soaring at the time. And if the 'black' Friday ugliness hadn't happened?
Where would market level current be?
Management should simply hand victory over to miscreants? To criminals? Those who so rudely interrupted the early June run-up proceedings? The twisting of reality routine?
Where would market level currently be in the absence of the lies and deceit/distortion?
Management should alter longer-term company goals in light of?
It being not a difficult concept.
It's a plain and simple case of being grossly undervalued. Where market level would currently be were it a matter of the natural market forces of supply and demand reigning supreme. No manipulative activities in evidence from any source/sources.
The fiscal '09 financials to very soon be posted. The needed audited numbers. The reason for the lengthy wait from early May.
There's none of us could have anticipated the short and distort goings-on. The whole of it taking all involved by surprise. And there'll be no handing of victory over to gutter trash. Parties having successfully temporarily interrupted the serious upside, but being now at a loss, as said serious upside reemerges. Stronger than previously.
Our current run-up just getting started. No chance, whatsoever, for a twisting of reality repeat. Management to prepare and submit the Listing Application.
The fact of America's Cleaning Company simply belonging upstairs.
Stellar raw fundamental and operational numbers. Stellar rate of growth/expansion. Stellar bottom line results. Stellar forward periods picture. Inclusive of the expectation of 100 SKU's by EOY 2011.
The pps issue to become a nonissue as our current run-up gains understandable momentum. The rest of the story having been discussed at length. Inclusive of our not knowing at just and exactly what price point/points we'll see massive buy-in activity.
The uplisting, in and of itself, propelling market level northward to a truly massive degree. The NASDAQ folks to get with the program. The seeing of the pps light.
Not a difficult concept.
The current condition of the NCM, in general, factored in. The huge number of delistings. The pps concessions. The rest of it. The waiver appeal to succeed in the absence of all doubt. Conditional listing granted. And on from there.
With there being a world of difference between a pre-listing buyout and a post-listing such.
As for raw share structure numbers?
The financials we await will, for extremely obvious reason, be stuffed to those proverbial gills with as much current info./detail as possible.
That which simply fits.
America's Cleaning Company simply belonging upstairs.
And Mr. Metter...
"The time has come for us to move off the Bulletin Board."
As capable and competent a management team as one could ask for. Hosting no end of smarts.
A team to be truly proud of.
Getting the job done.
The bringing of value.
The seriously bankable variety.
The reemerged upside to gain understandable momentum.
Solid week of green ahead.
Management firing on all cylinders.
And all the best to you and all others.
Thank you.
Fast...
For the perusing pleasure of all involved the financials will be available early in our coming trading week.
Aaron...
Thank you.
And no.
When the recent grapevine chatter grew to the point of crescendo I shared with the board. Based on the track record. Confident in that which was being bandied about. The imminent arrival, that is, of formal word to get excited about. A fire being lit under market level. And when that formal word did arrive I knew immediately what the excitement was all about. Reading between the lines. The continued setting of the stage for the uplisting.
1_
New corporate website launched. A telling window into America's Cleaning Company.
(Mr. Moskowitz)
“We have created an easy-to-navigate site loaded with pertinent information including important financial filings, breaking news and videos, comprehensive stock data and recent Company milestones.”
And...
'The launch of www.spongetechinc.com gives investors instant access to SpongeTech’s current marketing and sales activities in addition to relevant facts, figures and statistics.'
Complete with a homepage 'attention grabber' in the form of a telling 3D vertical bar graph.
2_
The retaining of Deloitte Touche LLP.
And...
"We are very pleased to have retained one of the world’s top accounting firms,” commented Michael Metter, CEO of SpongeTech. “We feel this is inline with the growth and direction of our Company and we look forward to having Deloitte as our auditors so that we may utilize their many professional services to enhance the infrastructure of SpongeTech.”
[ growth and direction of our Company ]
[ enhance the infrastructure of SpongeTech ]
Reading between the lines. The continued setting of the stage for the uplisting.
Our having spoken at length of the August/September timeframe. All that same equates to. And almost home. The fiscal '09 financials to be soon posted to the relevant database. The Q1/'10 gross revenues detail to be soon available. The rest of it.
May 7...
'SPNG … announced today that its Board of Directors has voted to seek a listing for SpongeTech(R)'s common stock on the NASDAQ Capital Market. As part of this process, SpongeTech(R) will prepare and submit an application for a NASDAQ Capital Market listing.'
June 8/9...
The NFE Conference. A presentation by management. America's Cleaning Company introduced to an institutional level audience.
June 11...
The meeting with NASDAQ.
August/September timeframe...
The culmination. Listing Application prepared and submitted. No time being wasted. New corporate website launched. Deloitte Touche LLP retained. Numbers available for crunching. The rest of it.
(Mr. Metter)
"The time has come for us to move off the Bulletin Board."
Company IR having recently confirmed for us the waiver intent. Conditional listing sought. A likely period of 90 days in which to bring market level into line with stated requirements. With the simple reality being that once America's Cleaning Company is positioned as an NCM component market level will take care of itself. Four of four achieved with $4.00 being the least of it. A permanent end to being grossly undervalued. An end to egregious abuse practices. A fitting valuation in place. Effect of applicable multiples factored in. Institutional level monies flooding in. The MOASS precipitated. If not sooner.
A simple matter of sitting back and relaxing. Watching it all unfold.
Senior listing achieved. The called-for level of attention. The called-for valuation. Company long-term success.
Annual gross revenues target of $500m plus.
A shareholder base grinning ear-to-ear.
Steven…
Any other company would simply implement a reverse split. Four of four requirements met. The USAT example amounting to food for thought. The uplist green light in light of the far from stellar financials. The $6.00 area pps lacking a sound basis. The fading over time. Food for thought.
The Listing Application will succeed. Meeting with acceptance. The NASDAQ folks understandably jumping at the opportunity to gain America's Cleaning Company as an NCM component. Mutual benefit. The strengthening of the tier. All involved parties gaining/winning. The seeing of the pps light. The impact that the uplisting, in and of itself, will have at market level. And on from there.
As close to graven in stone as one can get.
The Listing Application PR to soon arrive.
Market level reacting accordingly.
Waiting for it.
Bill...
The certificate exchange will be mandatory. Largely a matter of working with NASDAQ. Outstanding certificates surrendered to company TA. Canceled in full thereafter. CUSIP number retired. New certificates issued. New CUSIP number assigned.
A clean start. No baggage. Phantom float exposed. The MOASS precipitated. If not sooner.
Mike, et al….
The coming financials to paint a telling picture. With our being focused on two considerations above and beyond raw share structure numbers and raw fundamental and operational numbers.
1_
Ready conversion of sales to cash. Acceptable, at the very least, A/R turnover rate.
2_
Quality of earnings. Clear evidence of the following…
(Mr. Metter from March 5, 2009)
'We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.'
The fact of the involvement of RM Enterprises drawing to a close. With none of us expecting miracles. And particularly in light of the ramping up of the fiscal '10 marketing budget to the $20m area. Coming detail. Our simply looking for advancement in the right direction as raw operational numbers seriously accrete. As the effect of synergies and economies of scale kick in. Gross margins accretion additionally considered.
The capacity to dismiss all obligations via operationally derived cash flows would be a truly amazing achievement considering the operational timeline. Would be incredible considering raw operational numbers. The rate of accretion. Our looking for clear evidence of just such progress. No longer a need of equity application.
The coming financials to paint a telling picture. But a limited such in light of Q1/'10 detail. The raw operational numbers accretion of said period painting a far more telling picture. The Form 10-Q a few weeks distant. Just in time for the uplisting celebrations.
Management not forging ahead on the Listing Application front in the absence of good reason.
Audited numbers to smile about. Numbers otherwise to smile about.
The getting of the job done.
Smile time.
Carol…
The downside having been tested and rejected.
Had Friday's late session liquidation occurred earlier in the session we'd have seen a full recovery and then some. The sell-side volume being far less than was the case during Thursday's liquidation. The difference being the timing. No chance for a recovery.
The underlying strength being more than apparent.
An understandable week of solid green ahead. The $0.40 plus we earlier spoke of. And on from there.
Senior listing and dollar$.
A matter of a few weeks.
And taking care.
You and the rest.
Thank you to all.
Spino…
Very much of interest.
Thank you.
And may the new platform prove fruitful for you.
No end of green.
Alex, et al….
From the $0.0785 point of capitulation to our latest Close.
There being simply no stopping market level at this point. A threshold having been reached/achieved. Time to simply sit back and relax. Watching it all unfold.
Inclusive of the move upstairs. Becoming an NCM component. That which simply fits.
Understandably excited by the coming filing of the fiscal '09 financials. All that same equates to. Market level steadily ascending. Threshold reached/achieved.
Though, once again, the trademark tout sites and their followers being with us. Up to their trader usual. The primary driving force behind our late session liquidation volume spike. The locking in of significant profit in line with the closing out of a green week. And a good thing. Stronger hands in. Our registered MM's reacting always to sudden changes in order flow. Ready always with the collars and leashes routine. And the higher we climb? The fewer the traders among us.
The crux being that our $0.2250 High was achieved early in the session on massive volume and that levels as high as $0.2245 were still in evidence within a half hour of the Close. The underlying strength more than apparent. Next trading week on the way. All that same has to offer. Inclusive of the August gross revenues detail. Market level steadily ascending.
The filing of the fiscal '09 financials. A watershed moment. Inclusive of submission of the Listing Application. The Q1/'10 gross revenues detail also available. Much supportive else. The painting of a picture. The getting of the job done.
Simple logic dictating that the NASDAQ meeting of June 11th having played host to all relevant discussion. That the implementation of a reverse split would be massively counterproductive for the issuing company. Branding consideration. Two-year campaign of the time. A compelling argument. The pps issue. The gross undervaluation reality. The effect of ongoing significant share structure adjustments. Since ramped up. So on.
And recalling…
(Mr. Moskowitz from the NFE Conference)
"That was one of the things that really helped our stock price going up in the last month. By doing the buyback."
The fiscal '09 financials to cement the share structure reality. Market level steadily ascending.
And additionally…
(Mr. Moskowitz)
"The significant reduction in both the authorized as well as outstanding share structure will serve to further enhance our overall earnings per share and make our stock more attractive to own for both current as well as prospective investors."
With many a successful BB candidate for an NCM listing having hosted far from stellar financials. With USAT being a fine example. The uplisting announced in March of 2007. The stock advancing, shortly thereafter, from the $6.00 area to the $12.00 area. Fading significantly from that point forward. The financials of the time, and since, reflecting routine application of equity and massive net losses, etc.
The Listing Application to meet with success. With acceptance. The granting of a waiver. Conditional listing.
The fiscal '09 financials a compelling argument. Preservation of company ticker symbol a compelling argument. Market level gross undervaluation a compelling argument. Significant share structure adjustments a compelling argument. Q1/'10 gross revenues detail a compelling argument. Market level steadily ascending a compelling argument. Retaining of Deloitte Touche LLP a compelling argument. The Reuters rating of Outperform. Top 30%. Etc.
America's Cleaning Company compelling as need be.
Becoming an NCM component. The granting of a waiver. Conditional listing. Expedited. Within six to eight weeks of the date of the Listing Application being submitted. Exchange of certificates. New CUSIP number assigned. All that same equates to. Clean start. The separation of the legitimate from the criminal.
Market level continuing its steady ascent in the mean time. The longer-term trend reality that the NASDAQ folks will be looking for.
Exciting trading weeks ahead in the absolute.
Massive ROI in the making.
Money in the bank.
Thank you for the kind words.
And you're very welcome.
Spino...
The faithful longs are a formidable bunch for sure. No shortage of agile minds at work. An awesome pool of knowledge and common sense otherwise to draw from. And good on us.
As for a significant stock dividend?
And a tough call.
On the one hand we have the fact of a formal announcement sending market level north. For obvious reasons. The involved value. The 'reward' scenario. While on the other hand we have a need of preserving the post-adjustments share structure as management proceeds with the submission of the Listing Application.
The Application being a far more important consideration currently.
Best for the inside to simply await acceptance of said Application. Conditional listing. Waiver granted. The uplisting precipitating an exchange of certificates. New CUSIP number assigned. A clean start. The phantom float exposed. The forcing of a massive buy-in.
Our being unable to say at just and exactly what price point(s) a massive buy-in would get seriously underway. Could happen well in advance of the position being formally exposed. Our well-knowing just how nervous certain parties became in early June. And we're currently in the throes of far surpassing our interim High of $0.2851.
The whole of it just and simply remaining to be seen. Our simply not knowing.
But, most assuredly, market level steadily climbing from here on out will see the FTD's scrambling. Adding to the upside momentum. The rest of the story remaining to be seen. But when the fireworks do get seriously underway there won't be any misunderstanding. The MOASS kicking in won't exactly be a difficult read.
Could come as market level approaches the $0.30 area and could be a matter of being formally exposed.
But fun and profit either way.
The focus at the moment being the securing of the senior listing. The fiscal '09 financials posted. Able to submit the Application. Seeking a waiver. Three of four with market level taking care of itself after the fact.
Our being in the midst of a breakout from the $0.14 area. The downside tested and rejected as in early June. A seriously green session to come. Surging pps and volume. Next trading week considered. And very possibly the arrival of a bomb of a PR. The appropriateness of such.
The simple reality being that as America's Cleaning Company gains fundamentally and operationally many current NCM components are fading. Feeling the effects of the global economic downturn. That which America's Cleaning Company is wholly resistant to. The fiscal '07 numbers a vast improvement over the fiscal '06 such. The fiscal '08 over the fiscal '07. The fiscal '09 over the fiscal '08. The fiscal '10 over the fiscal '09. So on. The big picture. All that we know to date. SKU considerations inclusive. Projections and guidance factored in. Gaining fundamentally and operationally. Year-over-year. Massive rate of growth/expansion. Truly astounding.
The big picture being an extremely telling picture. The NCM being in our future. A virtual given. With a need of focusing on the simple fact that with respect to our early June run-up, and our current such, it's retail monies we're very largely talking about. Not the multiple million$ of institutional players. The one's about to complete their due diligence.
No small consideration.
The NCM being in our future. And, additionally, those multiple million$. Performance pressures as talked about. And market level at that point? The effect of applicable multiples factored in?
The watershed moment.
Becoming an NCM component.
And those who read the first of Doug Furth's recent posts got the message...
--------------------
For any of you who may still think that this is all happening "by accident" or is a "random event" of some kind, I think that you should really take a moment to rethink your position on this.
Very little that has ever occurred in this stock has "just happened" for no reason. I am not sure how any thinking person could assign a randomness to what is happening now, either.
--------------------
And a need of recalling the fact of the inside having advantaged the short and distort goings-on.
Our well-knowing what achieving the senior listing will precipitate at market level. The crux being to secure the waiver. Clearly demonstrating the rightness of so proceeding. The granting of an "exception". The seeing of the light. And to that end it behooves management to maneuver accordingly. To set market level on a steady northward course. As Doug very clearly spoke to.
The downside was tested and rejected. As previously. And the early June run-up was, very much, rudely interrupted. An interruption that has absolutely zero chance for a successful repeat. Not to mention the again fundamental and operational advancement over time. The Dicon acquisition inclusive. All that coming weeks have in store.
The $0.40 plus, we earlier spoke of, is coming.
And on to dollar$.
America's Cleaning Company as an NCM component. Strengthening the tier. Adding value. Mutual benefit scenario. All involved parties gaining/winning.
Our coming session to see the serious upside. The downside having been tested and rejected. A pps surge. A volume surge. Leading into next trading week. And a bomb of a PR?
And we shall see.
The days of the faithful longs having very much arrived.
The view from the inside.
That which our good friend Doug clearly sees.
And many of the rest of us additionally.
Onward and upward in more ways than one.
And regards to you and all others.
Bill, et al.,
The NCM being in our future. The near-term.
The second major consideration being as frequently discussed. Forward periods. That which always drives the buy-side. Projections and guidance.
The coming filing carrying great weight. Completion of due diligence. So on. A major step forward. But primarily historical data. The crux being Q1/'10. The fact of the June gross revenues record. The July such. The way in which August is shaping up. The pace of growth/expansion. That which management routinely addresses for extremely good reason. A clear understanding, that is, of that which does drive the buy-side. Forward periods.
The coming filing carrying great weight, yes, but the most salient detail being already in evidence in large part. And factoring in the expectation of gross margins accretion. The effect of synergies and economies of scale kicking in.
Of the past, present and future it's the future that counts. The picture that the Q1/'10 detail paints. The most telling single piece of evidence, that we have coming in the near-term, being the August gross revenues detail. Seasonal considerations factored in.
The NCM being in our future. The near-term.
America's Cleaning Company.
As for the technical?
Couldn't be better.
The downside having been tested and rejected by the market. The precise same as occurred on June 9th. And noting what happened thereafter…
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=3&dy=0&id=p39257687824
A strong uptrend can always be expected to be tested. And both in early June, and as of our latest session, support was hit. The buy-side surging. Full recovery. The downside summarily rejected. And factoring in all that next trading week and beyond have to offer. Our coming session poised for serious green. Massive pps spike coupled with massive volume. Extremely strong Close.
A prelude to that to come.
JL...
(#175359)
Slightly edited herein...
Peter,
Thank you.
At this point in the proceedings we're talking as close to graven in stone as one can get. Reality having hit home. That America's Cleaning Company simply belongs upstairs. The Listing Application to meet with success. The waiver appeal. The NASDAQ folks being entirely open to America's Cleaning Company as a component. Jumping at the opportunity to list our budding empire. Seeing the gross undervaluation reality. The manipulative goings-on. The institutional level of involvement/interest. The Reuters rating of Outperform. Top 30% reality. The rest of it. The opportunity to strengthen the tier. That the listing, in and of itself, will have an extremely material impact. Market level and much more.
With the current market level dynamics continuing to gain strength. The momentum continuing to build. Reality having hit home. The finest of management teams. None more capable/competent. Getting the job done. The longer-term trend reality. The steady move north from here on out. That which the NASDAQ folks will be giving great weight to relative to the waiver appeal.
And, again, where would market level currently be in the absence of the twisting of reality goings-on?
The short and distort routine had its day. A blessing in disguise. America's Cleaning Company under that proverbial microscope. The truth having emerged. A massive audience in understandable close attendance. All to the good.
And recalling…
(Susan at company IR)
(Mid-July)
(Paraphrasing)
"They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyones expectation."
Saying all same has to/needs to.
It's plainly and simply time to move upstairs. And market level is going nowhere but up from this point forward. The ideal scenario as the inside submits the Listing Application. Waiver appeal and all. Our interim High of $0.2851 being the least of it. Dollar$ in the offing. The fiscal '09 audited on the way. Our current trading week to close strong in anticipation. A new interim High achieved. Next trading week to see the continuation. The FTD's scrambling. Adding to the upside momentum. Phantom float perpetrators pushed to the limit. To the breaking point. When all Hell does break loose!
The NASDAQ listing being a virtual given. Given the big picture.
The finest of management teams armed with a business plan and model that simply couldn't fail.
And again...
(Mr. Moskowitz)
"Last year we did $5.2m. This year we'll do over $40m. We should keep up with that same growth pace over the next three to five years as the products start coming out. Basically, we have about twenty-five products now. We should have one hundred by the end of 2011. The better products are still yet to come."
The August gross revenues detail to be soon with us.
Time, very soon, to let the inside know just how much their steadfast adherence to fiduciary duty is greatly appreciated.
And recalling…
(Mr. Metter from July 27)
"I have always commented that it is SpongeTech®'s commitment to shareholders to gain their trust through transparency, progress and hard work. It always has been and always will be our goal to constantly build on our shareholders confidence."
And indeed.
It just and simply doesn't get any better.
Our being in the best of all possible hands.
Time to simply sit back and relax. Watching it all unfold.
Massive ROI in the making.
Money in the bank.
Spino...
Hello to you.
And you're very welcome.
And thank you.
A fine analogy.
Green and more green from here on out. In line with filings and formal word to come. The getting of the job done.
Long wait well worth it.
The move upstairs.
SPNG millionaire$.
Holding tight.
Thank you to all.
And you're welcome.
Fred…
You're very welcome.
And thank you.
Real...
First you rail on about America's Cleaning Company remaining quoted on the OTCBB as being a viable long-term option. As nonsensical a proposal as one could put forward given the big picture. From egregious manipulative practices to institutional level involvement/interest. The annual gross revenues target of $500m plus. The rest of it.
You then make nonsensical mention of a reverse split being a viable option. Entirely ignoring the issue of company ticker symbol and associated branding considerations. Additionally ignoring the very significant investment per open market buybacks over time. Not to mention the shareholder respectful consideration. The steadfast positioning.
Then coming from you the suggestion of a merger. Entirely ignoring the Dicon acquisition. The added level of complexity. Ignoring, additionally, the Authorized reduction to 900m. Ignoring, additionally, steadfast intent to maintain the parent company as debt-free.
With your having absolutely nothing valid to offer by way of rebuttal. Having been shot down in flames. And now it's Independent Directors nonsense. The formal disclosure of which is mandated to be made via either a Form 10-K or Form 20-F if applicable.
And from the company's latest annual filing...
--------------------
Committee of the Board of Directors
We have an audit committee composed of Frank Lazauskas.
--------------------
All future transactions we enter into with our directors, executive officers and other affiliated persons will be on terms no less favorable to us than can be obtained from an unaffiliated party and will be approved by a majority of the independent, disinterested members of our board of directors, and who had access, at our expense, to our or independent legal counsel.
[ majority of the independent, disinterested members of our board of directors ]
--------------------
And from May 7th…
'SPNG … announced today that its Board of Directors has voted to seek a listing for SpongeTech(R)'s common stock on the NASDAQ Capital Market. As part of this process, SpongeTech(R) will prepare and submit an application for a NASDAQ Capital Market listing. In addition, SpongeTech(R) will undertake the corporate actions necessary for SpongeTech(R) to meet the quantitative and qualitative requirements for the listing application to be approved. SpongeTech(R) currently meets most of the financial listing requirements with the exception of stock price.'
[ Board of Directors has voted to seek a listing ]
[ will prepare and submit an application for a NASDAQ Capital Market listing ]
And so proceeding in the absence of the necessary regulatory underpinnings being fully in place? That it? And you have the laughable gall to speak of "BS" and "credibility" re another/others? You claim a personal status of being positioned long and then mindlessly rail on in opposition to your own claimed investing/trading interest? And could your capacity for clear thinking be any more anemic? At this point in the proceedings you can consider yourself ignored. Joining the 21 equally erudite others.
TFS…
Thank you.
And well said.
Carey/Richard…
Thank you.
And you're welcome.
Kelly, et al….
At some point within the first two weeks of September is when we can expect the Listing Application PR. A full outlining. Waiver intent and all.
As for acceptance?
Management having made their compelling argument at both the NFE Conference and the NASDAQ meeting. Our having discussed the whole of the goings-on at length. The full associated reasoning. Fundamental and operational soundness. Past, present and future. The current condition of the NCM given the global economic downturn. The financial condition of many of the components therein. The numerous delistings. So on.
Management's waiver initiative will meet with success in the absence of all doubt. The temporary granting of listed status. Conditions applied relative to pps circumstance. A certain timeframe within which to achieve a stable average trading base in line with stated requirements.
And a nonissue in light of where market level is currently headed. Back to $0.2851 and far beyond. Coming sessions to see the $0.40 plus we earlier spoke of. With management firing on all cylinders. The fiscal '09 audited detail to be soon posted to the relevant database. The pending arrival of the Listing Application PR to see a massive market level response. The arrival, thereafter, of formal word of temporary assent having been granted seeing the dollar$ range emerge. A flood of institutional level monies. Pouring in in line with having completed called-for due diligence.
Our not able to say just and exactly at what price point/points the buying-in will get seriously underway. The MOASS consideration. To be precipitated, formally, via an exchange of certificates. New CUSIP number assigned. Separation of legal ownership from phantom goings-on. Exposing.
The prospect of the waiver appeal meeting with failure being remote in the extreme. Given what achieving temporary listed status would precipitate in pps terms. The full associated reasoning, again, discussed at length. Inclusive of performance considerations.
And recalling…
--------------------
The big money poised to be all over America's Cleaning Company come completion of due diligence. With a need of considering the global reality. Economic downturn. The fact of institutional players being under performance pressures. Turning to resistant business models such as that of America's Cleaning Company. Resistant to the global economic downturn. A need of recalling what the NFE Conference was all about. The seeking of prospects. Worthwhile return.
--------------------
Temporary listed status serving as the catalyst. A flood of institutional level monies coming in. Market level soaring. The $4.00 level being a breeze. The effect of applicable multiples inclusive. The balance of our trading week to see the upward momentum gaining strength. Closing out at a new interim High in line with the coming filing and all else. The technical inclusive.
No looking back.
Not this time. No rude interruptions. Simply cannot be.
The days of the faithful longs having arrived.
The fact of America's Cleaning Company simply belonging upstairs.
Massive ROI.
Holding tighter and tighter.
CM…
It's looking likely. Another gross revenues record. The August reality. The understandable impact of marketing/branding as The Smarter Sponge.
Brilliant thinking.
So simple.
Highenergy…
Hello to you.
Hope you and yours are well.
And we won't go the formal route. We'll simply go the reminder route...
--------------------
(Mr. Metter)
1_
"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"
"Yes. We have a meeting Thursday with NASDAQ. As you know, NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
2_
"Would you entertain a 1:100 reverse split to get listed?"
"Well, we’ll deal with it when…Right now we’re going to go there on the basis of what the stock is going to grow to. The time has come for us to move off the Bulletin Board."
--------------------
Management to soon submit the Listing Application. Seeking a pps waiver. An "exception". As recently confirmed by company IR. The rest of the story as presented above and earlier.
And with that said we'll, additionally, recall...
NASDAQ Listing Rules (5800 Series):
[ 5800. Failure to Meet Listing Standards ]
[ 5801. Preamble to the Rules and Procedures Applicable When a Company Fails to Meet A Listing Standard ]
--------------------
Securities of a Company that does not meet the listing standards set forth in the Rule 5000 Series are subject to delisting from, or denial of initial listing on the Nasdaq Stock Market. This Section sets forth procedures for the independent review, suspension, and delisting of Companies that fail to satisfy one or more standards for initial or continued listing, and thus are "deficient" with respect to the listing standards.
The Listings Qualifications Department is responsible for identifying deficiencies that may lead to delisting or denial of a listing application; notifying the Company of the deficiency or denial; and issuing Staff Delisting Determinations and Public Reprimand Letters. Rule 5810 contains provisions regarding the Listing Qualifications Department's process for notifying Companies of different types of deficiencies and their corresponding consequences.
The Hearings Panel, upon timely request by a Company, will review a Staff Delisting Determination, denial of a listing application, or Public Reprimand Letter at an oral or written hearing, and issue a Decision that may, among other things, grant an "exception" to Nasdaq's listing standards or affirm a delisting. Rule 5815 contains provisions relating to the hearings process.
The Nasdaq Listing and Hearings Review Council, upon timely appeal by a Company or on its own initiative, may review the Decisions of the Hearings Panel. Rule 5820 contains provisions relating to the Listing Council appeal process.
Finally, the Nasdaq Board of Directors may exercise discretion to call for review a Listing Council Decision. Rule 5825 contains provisions related to that process.
---------------------
The door being open to management making a successful argument. The granting of an "exception".
--------------------
The time of the faithful longs having arrived.
Massive ROI.
And taking care.
You and the rest.
Kind words appreciated.
Thank you.
Rich…
This one is selling itself at this point. Courtesy of the extraordinary promotional talents of management. Coupled with respect for shareholders. The routine honoring of fiduciary duty.
Leadership of the finest caliber.
Couldn't ask for better.
And thank you.
Wishing you and yours the best.
Real…
Any other company would take the path of least resistance. But not so America's Cleaning Company. A need of preserving company ticker symbol. And the open market buybacks over time? And fit right in with the prospect of a reverse split, do they? Thinking clearly?
And with America's Cleaning Company having acquired Dicon as a wholly owned subsidiary? And the addition of a dimension of complexity as far as a merger is concerned.
As for remaining in the basement? And not even a slightly viable option. Not, again, to those thinking clearly.
Management having made plain the situation. With company IR having recently confirmed for us the waiver route. What it is that management is focused on. Having made an associated compelling point during the Conference presentation...
"As you know, NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
It being all about the granting of a waiver. The associated detail available in my posting history. Discussed more recently. The way in which America's Cleaning Company lends itself hugely to a successful appeal.
With the coming filing facilitating completion of due diligence. The big money. A watershed moment for our budding empire. With the achieving of the senior listing being the next level in many more ways than one.
Peter…
Breakout being upon us.
Confirmed by the volume and the technical otherwise.
And the early June stats….
12-JUN-09 0.2851 0.0750 0.1700 549856100
11-JUN-09 0.2500 0.1720 0.2350 233876000
10-JUN-09 0.1730 0.1290 0.1711 161612700
09-JUN-09 0.1406 0.1150 0.1399 139149900
08-JUN-09 0.1550 0.1069 0.1400 249856000
05-JUN-09 0.1039 0.0760 0.1001 176248700
04-JUN-09 0.0825 0.0561 0.0755 192795600
03-JUN-09 0.0569 0.0440 0.0564 166146000
And our latest...
25-AUG-09 0.1667 0.1448 0.1666 159737000
24-AUG-09 0.1450 0.1380 0.1448 55532350
21-AUG-09 0.1425 0.1330 0.1345 36172170
Our being in the beginning throes of a massive move up. History strongly suggestive of a massive buy-in getting underway as we approach the $0.30 area. The point at which all Hell breaks loose.
And management's perspective?
Formally exposing the phantom float. Our having already discussed the associated mechanics.
A matter of simply staying tuned.
As management gets on with getting on.
The days of the faithful longs having very much arrived.
All the way to a senior listing.
The Listing Application PR poised to soon arrive.
And yours truly?
Unable to resist. Original position accreted once again. The loading of the boat.
Massive ROI in the making.
All the best.
Thanks to all.
Bryan…
It's all about credibility. The continuation of the setting of the stage. The retaining of Deloitte speaking to the bottom line success of America's Cleaning Company. The longer-term reality. The big picture. There being a huge number of considerations relative to successfully achieving the senior listing. The associated vetting process being thorough. Fine-tooth comb routine.
A need of preserving company ticker symbol. The compelling argument against a consolidation of the Issued & Outstanding stock. A justifiable reason behind the appeal for a waiver of the $4.00 requirement. And then factoring in the phantom float. That which will be fully exposed in the process of the uplisting.
None of us able to say, just and exactly, at what price point(s) the buying-in will get underway in earnest. With there being no chance, whatsoever, of another successful short and distort routine. Simply cannot be. No chance at, once again, stopping the serious upside dead in its tracks. Not a hope. The big picture being simply too clear at this point. Too easy a read. Any attempt at another FUD routine being simply laughed off by the clear-thinking among us.
The current round of FTD's quivering as we speak. And they were warned. It being more than apparent that they'd called the situation wrong. Now a matter of a squeeze play in the making. Additive to the upside momentum.
And recalling…
---------------------
We have the Reg. SHO flagging.
And were market level to breakout to the $0.50 area this coming trading week?
Well, how smart would it be to simply let paper losses mount?
--------------------
Relative to a successful appeal for a pps requirement waiver?
The NASDAQ folks are going to be looking at the trend. The longer-term reality. And the reason why, previously, I posted…
"Firing on all cylinders time in the absolute."
Were it the case that market level was trending persistently sideways or downward?
Well. reduced hope for a successful appeal.
It being time to get serious. Back to $0.2851 and far beyond. Our latest round of formal world confirming for us that the share structure adjustments are complete as of this writing. Time for the serious upside. Time to move upstairs. Becoming an NCM component.
That which makes all the difference.
Company long-term success.
None of us able to say just and exactly at what price point(s) the buying-in will get underway in earnest. But if it is a matter of sitting on those dirty hands right up to the point of being formally exposed?
And need I say it?
SPNG millionaire$?
This time there'll be no looking back. No stopping the serious upside dead in its tracks.
Not a hope.
"To da moon!!!"
Kolchakil…
Thank you.
Those "evil forces" about to get a taste of their own medicine. A lucrative little "game" of role reversal.
Spino…
The days of the faithful longs having arrived. The beginning of it all.
Massive ROI.
SPNG millionaire$.
Our having called it right from day one.
A management team to be hugely proud of.
The shareholder respectful.
Time indeed.
Julie, et al....
Affirmative.
And they were warned.
Each and every to his/her own.
As misguided as some folks can be.
And the telling graphical once again…
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p77296318053
Money flow back to positive. Bullish candlestick formation. EMA positive crossover confirmation. The (5) above the (10).
Breakout city!
Exactly as previously.
Readying for some truly serious green.
Back to $0.2851 and far beyond.
The technical and the fundamental together.
Spelling out the reality.
And who says patience doesn't pay?
Hmm?
All the best to you and all others.
Thank you.
Mike…
The petition was in the pipeline. We knew what was coming. Cooler heads prevailing.
Camper…
Absolutely.
Long wait well worth it.
Spino…
You're welcome.
And the MOASS?
And from my post…
--------------------
Acceptance of the Application precipitating an exchange of certificates. The assignment of a new CUSIP number. A full share structure reconciling leading to exposure, in full, of the phantom float. The separation of legal ownership from criminal goings-on.
The market level outcome being obvious. And for reason more than one.
--------------------
[ The market level outcome being obvious. And for reason more than one. ]
Things, in the absolute, going to... "fall into place really fast".
America's Cleaning Company about to be vaulted upstairs. It being all about fundamental and operational soundness. The past. The present. The future. All of. The Reuters rating of Outperform. Top 30% reality. The involvement/interest at the institutional level.
The fiscal '09 audited plus Q1/'10 detail spelling out the reality. Forward periods considerations additionally. A massively compelling argument.
The inside, from the get-go, having put their money where their collective mouth is. Having proved up.
None of it being a difficult read.
And Mr. Metter...
"The time has come for us to move off the Bulletin Board."
And time indeed.
A move upstairs. A round of squeezing.
Long-term successful company.
Happy shareholder base.
Spongey…
You're not going to find a great many examples for the simple reason of the expediency of a reverse split. A route not going to be adopted in the case of America's Cleaning Company for reason widely known. Change of company ticker symbol. And, certainly, the initial meeting with the NASDAQ folks would've involved lengthy discussion on the subject. Management making a compelling argument.
And consider, again, the early June run-up. The fact that market level didn't just hit $0.2851. But that it was a matter of $0.2851 and climbing. The buy-side strength still, very much, in evidence.
Until.
And where would market level currently be in the absence of the twisting of reality? What was company share structure circumstance in early June compared to now? Tradable float circumstance? How about insider holdings?
It being about fundamental and operational soundness. Past. Present. Future. All of. About whether market level is trending north or south. Longer-term trend. About management and clean histories. No skeletons in the closet. No evidence of fraud. So on. About no formal investigations nor disciplinary action against the issuing company. About no history of late filings and such. About no egregious rules/regs. violations. Etc.
You won't find a great many examples because any other company positioned, financially, as America's Cleaning Company is would simply implement a reverse split. Taking the path of least resistance.
But also considering the manipulation. The impact. Any other company facing a phantom float in the billion area? Criminals desperate to undermine all?
The making of a compelling argument. A need of preserving company ticker symbol. A need/desire of seeing to it that criminals pay. That ill-gotten gain is disgorged in full. Close thereto.
At the time of the NFE Conference it was a matter of market level trending strongly north. The ideal scenario in light of the presentation. The institutional nature of the audience. And time, once again, for serious upside momentum. Longer-term trend reality. That which will play ideally to the glaringly obvious intent to submit the Listing Application as talked about.
And the advent of a breakout?
And stay tuned.
Firing on all cylinders time in the absolute.
Thank you to all.
Alex/Kyle…
I'll pass your sentiments on to the grapevine folks. Many of whom, again, have a much closer connection to the inside than do I.
And no.
I added to my original position last trading week. The fifth such addition. In line with the private side chatter.
And thank you.
Having fun…
Thank you.
But recalling that I'm just the messenger.
Credit where it's due.
All the best.
Alan, et al….
Yes.
We knew what was in the pipeline. Just a matter of becoming effective.
While on the question of the Issued and Outstanding?
And a little something been asked of me a number of times recently. With my personal take being that, come the filing, we'll play welcome witness to a sub-500m count.
The overall picture having become entirely transparent at this juncture. Couldn't be an easier read.
And recalling…
(Susan at company IR)
(Mid-July)
(Paraphrasing)
"They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyones expectation."
[ focus is on expanding the co that is exploding way above anyones expectation ]
And we have recent statements from the inside such as...
“We believe that SpongeTech will be able to sustain the current pace that the Company is experiencing.”
And a gross understatement in view of…
(Mr. Moskowitz)
"Last year we did $5.2m. This year we'll do over $40m. We should keep up with that same growth pace over the next three to five years as the products start coming out. Basically, we have about twenty-five products now. We should have one hundred by the end of 2011. The better products are still yet to come."
And then factoring in the recent purchases for personal accounts. The inside having advantaged the short and distort goings-on. Big buck$ applied.
The whole of the situation having become entirely transparent.
The senior listing. Becoming an NCM component. ASAP.
Management to very soon submit, formally, the Listing Application. Complete with formal request for the waiving of the $4.00 pps initial listing requirement.
Acceptance of the Application precipitating an exchange of certificates. The assignment of a new CUSIP number. A full share structure reconciling leading to exposure, in full, of the phantom float. The separation of legal ownership from criminal goings-on.
The market level outcome being obvious. And for reason more than one.
The only question being the pps agreed to by the involved parties. The pps required for the uplisting to implement. And, very possibly, where the declaration of a significant stock dividend comes in. That which would precipitate the serious buy-side for obvious reasons. And then factoring in the FTD's and the phantom float. The upside ball getting seriously rolling. The beginning of it all.
But even if the uplisting were to implement at current trading levels?
Well, we'd still have a matter of a fitting valuation manifesting itself very soon thereafter. Institutional level monies and all.
And recalling…
--------------------
Were America's Cleaning Company an NCM component as of this writing?
And we wouldn't exactly be talking a stable average trading base in the $0.14 area.
--------------------
The whole of it fitting. The sore thumb obvious.
Three of four.
A matter of America's Cleaning Company simply belonging upstairs.
Holding tighter and tighter.
And a look at the telling graphical...
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p77296318053
Money flow headed back to positive. Bullish candlestick formation. The EMA (2) positive crossover. Above both the (5) and the (10). The (5) trending positive. Just shy of the (10).
The days of the faithful longs about to get seriously underway.
A management team to be truly proud of.
The getting of the job done.
The honoring of fiduciary duty.
The bringing of value.
The seriously bankable variety.
Grinning ear-to-ear.
And then some.
Kij,
Speaks volumes.
Ongoing attempt at burying that which they have no answer to. That which sends cold shivers down watery spines.
Gotta love it.
LLH…
The FTD's were there. Many months ago. And then they were gone. Suspected of having been taken ex-clearing. In line with the SEC sitting up and flying right.
And as for daily average volume?
Fluctuating in line with circumstance.
And the early June run-up stats….
12-JUN-09 0.2851 0.0750 0.1700 549856100
11-JUN-09 0.2500 0.1720 0.2350 233876000
10-JUN-09 0.1730 0.1290 0.1711 161612700
09-JUN-09 0.1406 0.1150 0.1399 139149900
08-JUN-09 0.1550 0.1069 0.1400 249856000
05-JUN-09 0.1039 0.0760 0.1001 176248700
04-JUN-09 0.0825 0.0561 0.0755 192795600
03-JUN-09 0.0569 0.0440 0.0564 166146000
The phantom float perpetrators, in targeting as they did, having succeeded in nothing less than screwing the pooch big time! Could hardly have executed a more massive blunder. The targeting of a management team armed with a business plan and model that simply couldn't fail. Entirely laughable. The whole of it. About to get it in the neck. Big time! Finding out, to the nth degree, that crime doesn't pay. The good guys 'n gals in the catbird seat. Able to set their own prices.
Loving it in the absolute.
Big…
We'll start here…
(Mr. Metter)
"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"
"Yes. We have a meeting Thursday with NASDAQ. As you know, NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
Following which we reasoned that management was intent upon appealing to the common sense of the Listing Council. Application of fitting logic that company IR has recently confirmed for us. That management is hopeful that said Council will listen to reason. And so they should. America's Cleaning Company simply belongs upstairs. Market level, thereafter, looking after itself. Finding fitting valuation. Massive ROI.
And on the assumption that the pps requirement is, very much, waived? An exception granted?
Well, the listing process would be expedited. Would happen very quickly. Far from being a matter of months. The associated material company event PR, on the subject, shaking the phantom float perpetrators to their collective roots. Cold shivers down watery spines. And then factoring in the FTD's. The fence-sitters. The big money folks. The Reuters rating of Outperform. Top 30%. So on. Such a PR, in the complete absence of a phantom float, would see market level above $1.00 with ease. Massive breakout.
Domino effect being what we're talking about. Leading to the MOASS.
And how high?
And dependent upon the prices sought. The faithful longs being in the catbird seat. Controlling the situation.
And how does a stock dividend fit in?
And a little something that remains to be seen. But money in the bank no matter how one looks at it. Massive ROI. The senior listing being it. Becoming an NCM component.
And with that said?
Well what, other than the realities associated with the current underlying venue, is/are standing in the way of seriously tangible shareholder value?
Were America's Cleaning Company an NCM component as of this writing?
And we wouldn't exactly be talking a stable average trading base in the $0.14 area.
The senior listing. The key to company long-term success. The key to riches for all involved.
The inside inclusive.
Brian…
NASDAQ Listing Rules (5800 Series):
[ 5800. Failure to Meet Listing Standards ]
[ 5801. Preamble to the Rules and Procedures Applicable When a Company Fails to Meet A Listing Standard ]
--------------------
Securities of a Company that does not meet the listing standards set forth in the Rule 5000 Series are subject to delisting from, or denial of initial listing on the Nasdaq Stock Market. This Section sets forth procedures for the independent review, suspension, and delisting of Companies that fail to satisfy one or more standards for initial or continued listing, and thus are "deficient" with respect to the listing standards.
The Listings Qualifications Department is responsible for identifying deficiencies that may lead to delisting or denial of a listing application; notifying the Company of the deficiency or denial; and issuing Staff Delisting Determinations and Public Reprimand Letters. Rule 5810 contains provisions regarding the Listing Qualifications Department's process for notifying Companies of different types of deficiencies and their corresponding consequences.
The Hearings Panel, upon timely request by a Company, will review a Staff Delisting Determination, denial of a listing application, or Public Reprimand Letter at an oral or written hearing, and issue a Decision that may, among other things, grant an "exception" to Nasdaq's listing standards or affirm a delisting. Rule 5815 contains provisions relating to the hearings process.
The Nasdaq Listing and Hearings Review Council, upon timely appeal by a Company or on its own initiative, may review the Decisions of the Hearings Panel. Rule 5820 contains provisions relating to the Listing Council appeal process.
Finally, the Nasdaq Board of Directors may exercise discretion to call for review a Listing Council Decision. Rule 5825 contains provisions related to that process.
---------------------
The door being open to management making a successful argument. The granting of an "exception".
As for the MOASS?
America's Cleaning Company is positioned to set an industry precedent. The drawing of worldwide attention.
And you're welcome.
Now…
If you have physical possession of your stock certificates? And you desire to liquidate your position in full?
You must first mail in the certificates to your brokerage firm. And best to do so by Certified Mail. The represented shares in need of being credited to your trading account prior to any liquidation. And won't happen immediately upon receipt of the certificates by your brokerage firm but the position, in full, will eventually (within a few days) be reflected and you can then proceed with the liquidation.
Jeff…
We wait.
We find out.
Becoming an NCM component being the key.
With my vote saying it'll be damn soon.
Massive ROI.
And all the best.
Thank you.
Morely...
Thanks.
Sounds like you lead a complicated life.
All the best.
Alex, et al.…
(#170936)
Found here in full…
http://messages.finance.yahoo.com/Stocks_%28A_to_Z%29/Stocks_S/threadview?m=te&bn=63817&tid=269538&mid=269538&tof=1&frt=2
And slightly edited herein…
Spino…
You're welcome.
And well said.
You've an entertaining way with words for sure.
What's not to like indeed.
Morely...
You're welcome.
And...
"Judge not, lest ye be judged."
SOB…
"I do not have the time to read your post although I am sure its chock full of wonderful speculation. How do you address the fact that investors in this company are in it emotionally? Do you think that is a recipe for disaster? I do and I am 100% positive that investing with emotion will destroy money, not make money."
And rhetorical questions?
And time to think?
Just maybe?
Jim…
Margin?
You have to look at the situation in terms of downside risk. And how grossly undervalued is market level at this point? How big a difference does the underlying venue make?
The early June run-up to $0.2851?
And based on hype? Or on something far more substantive? And the thereafter downside? And managerial incompetence and such? Or manipulation?
And recalling…
'SPNG … is pleased to announce that its Chief Executive Officer, Chief Operating Officer and Board Members have been purchasing SpongeTech®’s common shares in the open market. Together the team has purchased approximately 18.2 million (eighteen million two hundred thousand) shares of the 722.86 millions shares issued and outstanding as reported in the Company's 3rd Quarter 2009 filing. The purchasing of the Company's stock in the open market reflects the management's confidence in the Company's long-term prospects.'
There being never any clearer view than that from the inside.
And were market level, currently, a matter of a stable average trading base of $1.00?
Well, we'd still have a matter of gross undervaluation in company true value terms plus the effect of applicable multiples.
Achieving the senior listing being the key. The key to long-term company success. A matter, not so much of pps circumstance but, rather, of fundamental and operational soundness. My vote saying that there will come another meeting with the NASDAQ folks shortly following the arrival of the fiscal '09 audited.
And what sort of impact, at market level, do you suppose the arrival of a PR, telling of the Listing Council having agreed to waive the pps initial listing requirement, would have? Where would market level currently be in the absence of the egregious goings-on of that certain Friday in June?
There was a meeting with the NASDAQ folks on Thursday, June 11th. And what, exactly, transpired at that meeting? And just maybe a great deal of discussion about three of four requirements being met? Only pps circumstance standing in the way? A matter of gross undervaluation?
The one bomb of a PR that would light a truly massive fire under market level being the one telling of the Listing Council 'waiving' hello. An industrial strength spark/catalyst right up there with a fitting buyout offer having come management's way. Market level soaring. The self-fulfilling.
The fiscal '09 audited to soon arrive. With Dicon and Q1/'10 otherwise factored in. Plus forward periods considerations. Projections and guidance.
My vote saying that management will, very soon, be making another appeal to the common sense of the Listing Council. A hugely compelling argument given the big picture as it currently stands. Three of four. Fundamental and operational soundness. Serious advancement inclusive of Dicon and Q1/'10 otherwise. The in-general state of the NCM in light of the global economic downturn. The mounting level of institutional involvement/interest. Gross undervaluation. Where market level rightly belongs. Share structure adjustments factored in. Effect of applicable multiples.
And are the folks on the Listing Council familiar with America's Cleaning Company from a marketing/branding perspective? As are all of us and a multitude of others? Out there in the real world? And will such make a difference?
There being "a plan".
A plan, likely in the extreme, to involve another appeal to the NASDAQ folks in the near-term.
It just and simply adds up.
And a dividend being "considered".
Another element of the big picture.
Management successfully secures NASDAQ assent and it's all over for the shorts.
Say goodnight.
Market level soaring. The self-fulfilling.
The whole of it being a matter of company fundamental and operational soundness. Where market level rightly belongs. Share structure adjustments factored in. Effect of applicable multiples. The rest of it.
We have the Reg. SHO flagging.
And were market level to breakout to the $0.50 area this coming trading week?
Well, how smart would it be to simply let paper losses mount?
And market level then continuing on to the $1.00 area?
And the phantom float?
Guilty parties just sitting idly by?
Or the MOASS?
Recently, a fellow poster mentioned that, upon contact with company IR, he/she was told that management isn't all that concerned about the phantom float in light of company bottom line success.
Meaning that the existence of said float isn't something that will preclude company long-term success. Being simply a temporary hindrance. Having its transitory unwelcome impact at market level but having no impact, whatsoever, in terms of undermining company fundamental and operational advancement. That which is ongoing. Is relentless. The bringing of value.
Just not the seriously tangible variety.
Yet!
A dividend being "considered".
FTD's and a squeeze play.
Phantom float and the MOASS.
Our coming trading week, and sessions to follow, shaping up to be massively fun and profitable.
Excitement setting in.
Anxiousness.
Being led by the capable/competent.
The shareholder respectful.
As good as it does ever get.
Onward and upward.
In more ways than one.
Steve…
There are, in essence, two floats. One associated with actual company issuances over time. Backed by registered stock certificates. The other being a phantom such. Consisting of nothing more substantive than electronic book entries. IOU's. Phantom float. The two being indistinguishable as far as Buys and Sells within the system are concerned.
And were said system, as it once was, still based on the actual physical transfer of certificates?
Well, not so easy to counterfeit a physical certificate. But electronic book entries? And a whole 'nother matter. IOU's on top of IOU's.
The way the system works today amounts not to the routine trading of actual shares but, rather, rights to shares. Claims, if you will. With there being far more rights/claims than there are actual shares. The difference being the phantom float.
The whole of the situation persisting because the system facilitates any shareholder cashing out his/her holdings at any time. No getting bogged down.
And should you want to take physical delivery of stock certificates? Tangible legal ownership?
Well, you're entitled to such physical possession by law. There being no right of refusal associated with any of the issuing company itself, company TA nor brokerage firm.
A simple matter of contacting said firm in writing. Making the request. Stating that the letter, in and of itself, is to be considered as authorization to charge your account a reasonable associated fee. Stipulating that the certificates are to be sent out to you by Certified Mail.
Hope this helps.
John…
Get ready for the serious upside.
Domino effect.
Thank you to all.
Lake,
From mid-July…
"The one you reference is a full of crap day trader who routinely attempts to play this board like a fiddle. For personal gain. Posting factually being one thing. Posting otherwise being something completely different."
Many in routine attendance knowing well just who it was being referenced. And I've, personally, found the goings-on to be reprehensible. Far more offensive than any of the company's greatest detractors. The ultimate in gutter trash. Quite amazing.
Mike/Digs…
All of the clear-thinking among us are…
"Strong, Long & Loving SpongeTech"
Risk/reward no-brainer.
With the grapevine word being unchanged. That the needed spark/catalyst is coming. As for the precise timing? Cannot say. The lack of follow-through this week could be related to lack of completion of the share structure adjustments. My simply not knowing. I'm just the messenger. Sharing grapevine chatter. And because such has proved up over time. Give or take a day or two or three. And at no point have I, personally, ever taken any credit. The credit belonging to the grapevine folks. Many of whom have a much closer connection to the inside than do I. I'm, again, just the messenger. Credit where it's due situation.
Next trading week on the way.
Almost home.
Z4...
The Reg. SHO flagging came into being following capitulation. The point, after which, significantly profiting from a short perspective largely vanished. From June 29th through to July 10th there was a stable trading range in evidence. Capitulation thereafter. Massive volume. The point at which the shorts were wetting themselves in anticipation of a total pps collapse. Positions being opened. And then coming the reversal. To an interim High of $0.1650. Sideways trading since. The shorts having read the situation wrong. Having trapped themselves.
Earlier FTD's are being closed out as required. In line with SEC rules/regs. Losses being locked in. With new FTD's/flagging occurring. Arising out of vain hope of the serious downside soon emerging. There being forces at work desperate to prevent another breakout. Dark forces at work. Parties well-realizing what our next breakout equates to. The fact of no looking back.
There being no hope for another successful short and distort routine. Simply cannot be. The noose having been tightened. All that's needed being the right spark/catalyst in evidence and all Hell breaks loose. Market level soaring. Breakout city! No looking back. The FTD situation vanishing. Losses locked in in full. The seeing of the upside light. Adding to the momentum.
The phantom shares position being hidden by virtue of either collusive activities including a clearing agency/agencies or having been taken ex-clearing. The circumstances adding up as outlined. That the perpetrators see no escape. Being desperate to undermine all.
And good luck on that one.
The right spark/catalyst in evidence and it's over.
Say goodnight.
On to a senior listing.
Holding tight.
Spino...
Thank you.
And a fine plan. Many of the rest of us also so proceeding.
Catalyst on the way.
PM…
Thank you.
And on the e-mail front?
I'm swamped. Massive task as it is.
Thank you for understanding.
I'll continue to add as much value as I can to the board. An investment in America's Cleaning Company, simply enough, amounting to risk/reward nirvana. As good as it ever gets at basement level. The flighty world of equities being always a matter of risk/reward. Never any different.
And thank you again.
V…
It all shapes up as outlined. Just a matter of the right spark/catalyst being in evidence. And recalling the early June run-up. The breakout. From the $0.04 area to an interim High of $0.2851. And the tradable float circumstance of the time? And currently?
We're poised for a breakout from the $0.14 area. The noose tightened.
Almost home.
Cece…
August is shaping up to yield another gross revenues record.
We shall see.
JAL…
Thank you kindly.
I'm pleased that yourself and others find value.
CR…
Certainly.
I'd be happy to.
Not a problem in the least.
And bearing in mind that vulgarity and name-calling are two of the many unfortunate haunts of the small mind. My being well aware of just who it is worth chatting with and just who it is being dismissible.
And, so, okay.
It paying to have the facts.
And relative to then-PRRM you need bear in mind that we're talking bottom fishing. Cellar routine. A $0.0001/$0.0002 special.
With, in fact, my already having made mention of the goings-on in an earlier post.
And…
--------------------
(Mid-June)
"And I can recall a company of some time back, many of the shareholders of which steadfastly (and I mean steadfastly), maintaining that abusive shorting was rampant with the stock. No end of counterfeit shares being created. And we're talking a time prior to the latest amendments to Rule 3360, etc. And, additionally, a stock trapped in the cellar. Lowest possible cost scenario. With myself maintaining that there was no such. No abuse. Trading pattern simply didn't support it. The constant board chatter, on the subject, coupled with complaints to management, seeing said management eventually launching an official investigation. The end result of which was that there was no egregious abuse. No massive short position. Purely imaginary.
As time went by however, many months, the tune from the inside changed. Claiming a massive short position (billions in fact) with the intent, from the inside, to force a squeeze. Squeeze play. The stock having been trapped in the cellar the entire time. With management continuing to (ahem) force the issue home. Intent to force a squeeze. Generating no end of excitement among the company's shareholder base in large part. Myself, still insistent of no abuse. Presenting numbers in support of same. Trading stats., etc.
And in the end? Well, the day came. Massive volume to the buy-side. But no upticking. None.
And?
Management got the ball rolling alright. In line with stated word. To the buy-side. But, unbeknownst to all involved, management having also a massive face value CD in need of burying. The initial buy-side eliciting no end of follow-through from the retail contingent but going absolutely nowhere as the inside continued to unload. CD conversion/issuance/liquidation. No upticking despite the massive buy-side.
The claimed shorting abuse being a complete fantasy. Simply management's way of climbing out from under a financial obligation. Purported squeeze play.
And yet folks were insistent. The whole time. Massive abuse.
Where there was none.
Zip. Zilch. Nada.
Lesson learned."
--------------------
Then-PRRM run by Dan Burgess and Ian Lamphere and others. A multimedia-based business plan and model. Company name/symbol eventually changing. Summus Works, Inc./SMMW being selected via contest. Prize of a ski trip awarded. The underlying shell eventually vended. New company being XTend Medical Corp./XMDC. Complete with a massive magnitude reverse split.
Bottom fishing. Risk/reward. A $0.0001/$0.0002 special. One getting what one pays for. Never any different.
Management having tried. The standard effort to bring value. None of the company's shareholder base being unaware of the massive application of equity routine. The deal made in acquiring the public shell originally. Inclusive of a $200k loan to acquire an entity called Skiershop. Massive dilution right out of the gate. Billions entering market level. None of the involved being unaware. Making their own Buy/Sell decisions. Greed getting the better of many.
My routinely posting…
"There are never any guarantees."
And we tried. The clear thinking among us. Routinely supportive of our own collective investing/trading interest. There being a number of opportunities, over time, to exit. Before a persistent one-sided quote emerged. No Bid and a $0.0001 Ask. The end coming as outlined above.
There being never any guarantees. One getting what one pays for.
The plain and simple reality.
The whole of it at a time when I was far more focused on the basement than is the case currently. And over the months of posting? I presented to the board no less than 25 heads ups. Advising folks to keep an eye on certain prospects. With only one miss. Then-TGLE. One prospect that reverse split and faded. The other 24 yielding near-term returns of doubles to a 27-bagger. Then-INXR. A 96% success rate. Much gratitude sent my way. Routine thanks.
And a little of what I posted in return…
--------------------
(From months ago)
"Luis/Jason, et al. Hello to you. And IVGR? And you're welcome. Again. Always happy to share the wealth. With it being the case that we are here to turn worthwhile profit."
"And TSXT? With the original heads up being long ago provided. Fitting logic applied. That Ed and Wayne, being under that proverbial microscope, would proceed accordingly. That then-IBCX, at a price of .0001, was a risk/reward no-brainer in the extreme. With certain parties among us collectively choosing to write trademark mindless nonsense while the right-thinking among us nailed, very much, a collective 10-bagger. Playing, indeed, the game the way it was meant to be played. Turning worthwhile profit. And scoring again when the $0.22 bottom was called by yours truly with a bounce back to $0.45. And a situation that would've, as talked about, yielded massively were it not for the extensive MM short positioning of the time. Long on the way up and short on the way down. Ever-present realities indeed. But profit nonetheless. Worthwhile green."
"With AVVW being also on the verge of a major move to the upside. The private side word now indicating that the necessary underpinnings are very nearly complete. A need of watching, again, closely. Being ready. With PDVP being as earlier talked about. Summarily dismissing nothing. Watching closely for a possible profit opportunity(ies). Avoiding self-defeat based on the purely reactionary. The entirely unthinking. Worthless emotion. And INXR? And a 27-bagger when first called and then a perfectly called move from .0003 to .0015. With the situation, currently, being as earlier talked about/discussed. Operational threshold reached/achieved. Reality coming to the fore. Numbers on the way. Capitalization. Marketing initiatives. So on. Waiting and watching. And, always, playing the game the way it was meant to be played. Turning worthwhile profit, indeed, and routinely so."
--------------------
Then-IBCX being as outlined above. Morphing into Three Sixty, Inc./TSXT. Complete with a 1:1,000 split. From $0.0001 to $0.10. And on to $1.00 thereafter. Called by yours truly. Reasoned as above. Those who heeded my heads up advice having nailed a 10-bagger. And there were many.
Others decrying the reverse split following my heads up. Posting to my attention accordingly. Resident peanut gallery. But having absolutely nothing to say to me come the rapid move to $1.00 thereafter. The 10-bagger. Yapping up a storm when they figured I'd failed in my heads up. But come the 10-bagger? Not so much as even a single word out of any one of them. Zip. Zilch. Nada. And shock and surprise?
I just laughed to myself. All the way to the bank. As did numerous clear thinking others.
And the end for then-TSXT?
Management working diligently to implement company business plan. Establishing company business model. Working to achieve positive cash flows from operations. With a might of baggage aboard. The acquisition of an entity called Rockford-Montgomery Labs, Inc. That which locked in certain litigation goings-on. Having to do with marketing/sponsorship agreements. A few million dollar$ involved in total. The plaintiffs choosing, obviously, to press on. Seeking payment in full. Precipitating eventual company demise. When all that was called for was to back off. To think a might. Giving management a chance to achieve worthwhile operations. But, instead, cutting their own collective financial throat. The innocent caught up in the eventual outcome. And on to IAHL.
There being never any guarantees.
The way it is.
And if there are those going to judge? Well, best they proceed in possession of the facts. There being always two or more sides to every story.
My being no longer as focused as I was once on the basement. But, certainly, my trading skills are up there with the best. Being not lacking. A 96% success rate. Huge return. The sharing of the wealth. And those who failed to heed? Posting utter nonsense instead?
Well, each and every to his/her own. Some of us here for the money. Others to simply mindlessly spout off.
And as for multiple aliases?
A situation forced upon me by varying circumstance. Certain parties unable to intellectually compete. Having resorted to underhanded tactics. The desperate. Having my posts deleted. Reporting TOS violations. The purported such. So on.
The facts. The full story.
And as for our good friends Pete and MLR?
Well, you only need ask.
A truly sad tale.
And have a great weekend.
All.
Spongewood,
Precisely.
Risk/reward nirvana.
It just doesn't get any better. Not at basement level.
Golden ground floor opportunity.
And, in the absolute, there are a great many agile minds among the faithful longs. An awesome pool of knowledge to draw from.
Together…
We win.
And you're welcome.
And thanks.
Spino…
You're welcome.
And yes. I saw your earlier post about the limitation. So no worries.
And a good write-up. No one could have said it any better.
There's "a plan".
There's a dividend being "considered".
Our early June run-up having panicked certain parties. And our next such run-up? Serious breakout? With no chance, whatsoever, for another successful short and distort routine. Not a hope.
Money in the bank.
And enjoy the added privileges.
Ken…
Well said.
Jeff/Kevin…
The whole of it shakes out as an Economics 101 lesson. Supply and demand. And when demand far outstrips supply?
Management, over time, has been tightening the noose. RM Enterprises holdings goings-on. Open market buyback. Open market purchases for personal accounts (stock automatically restricted for a minimum of six months).
Seeing to it that the pool of freely trading stock is minimized. Significantly reducing the amount of stock available for purchase(s) in the open market. The amount of stock available to be borrowed against. Reduction of supply. Tradable float. The Issued and Outstanding count headed for the 500m area. With demand coming in the form of a forced buy-in in full. The phantom shares position, very seemingly, in the area of one billion 'shares'.
Supply and demand metrics.
And the declaration of a significant stock dividend?
The catalyst. The forcing of a full buy-in. And for reason more than one. The fact, that is, that said declaration will be a catalyst in more ways than one. Both direct and indirect. The eventual distribution (if) finding its way, in large part, into strong hands. Those of the faithful longs. Folks intent upon very clearing demonstrating to the phantom shares artists that crime doesn't pay.
There won't be any mistaking the MOASS when it arrives. The company's shareholder base able to set their own prices.
Criminals falling all over themselves to cover at lowest possible cost.
And good luck on that one.
And you're welcome.
Kelly…
Will do.
And thank you.
And you have a good one also.
You and all others.
Payday on the way.
Rich,
My bad.
I initially missed your earlier post.
Thank you.
RP…
You're welcome.
And thank you.
Panda…
Saw both your replies.
Thank you.
PM…
Thank you.
And indeed. A tad unjustified.
Bill...
Admittedly, we don't know.
But on the surface?
Adds up hugely. Speaks volumes. Stentorian voice routine. Cementing the reality of the MOASS. That it will happen.
It's just and simply the case that the overall situation lent itself ideally to the 'black' Friday goings-on. Criminals, by virtue of the twisting of reality, successful in not being forced to disgorge ill-gotten gain. Coming up with a viable alternative. The blogging routine followed by the FUD routine. The whole of it executing flawlessly. Stopping the June run-up dead in its tracks. And on to capitulation. A Low of $0.0785. Hopeful, obviously, that a full retrace could be achieved. Back to square one. But no such. Cooler heads prevailing.
It just and simply adds up. Criminals at work. Desperate to prevent that which would force the full disgorging of ill-gotten gain.
We don't know for sure. No. But it does add up. Fits the proceedings in the absence of argument. Telling us that said criminals see no escape. Their only recourse being to twist reality. To attempt to undermine all. And we've talked about the ongoing focus to paint management, themselves, as criminals in need of being formally investigated. No let-up.
We can't blind ourselves to the glaring obvious.
With the twisting of the truth routine rapidly losing vigor. As management gets on with getting on. No chance of a repeat. Of successfully thwarting another serious breakout. Simply cannot be.
The smartest move from the inside, at this juncture, being a Shareholder Update PR. As talked about. Addressing concern as per contact with company IR.
The criminals we speak of having, long ago, contacted management. Attempting to make a deal. An 'offer' of curtailing the ongoing abuse in return for a long position at a massive discount to market level. That with which to cover.
And what exactly does such say?
That there is no escape?
The June ugliness happened. And it happened for a reason.
A very substantive one.
The whole of it just and simply adding up.
That the MOASS will happen.
Mike…
The value is in the branding. The name recognition. Trademarks. So on. It's not just about sales. It's the intangibles. Intellectual properties. And then factoring in licensing agreements and such. Management is proceeding precisely as they should. Targeting the largest of possible audiences. The greatest number of eyes. The right demographic per product. Marketing capital being applied judiciously. Greatest net return consideration. That which the coming audited numbers will paint a telling picture regarding.
And thank you.
Spino…
Not necessarily.
A common stock dividend could call for a new issuance. Yes. But could also be a matter of a reissuance from company treasury.
And if 50%?
Well, one new share issued, or treasury share reissued, for every two shares currently held. Issued and Outstanding count climbing from the 500m area to the 750m area. And it's worth noting that it's not uncommon (no pun intended) for a public company, following a significant open market buyback, to declare a significant stock dividend. A gesture that, understandably, sends market level north.
And no.
No change of CUSIP number.
The whole idea, in essence, behind the declaring of a significant stock dividend being to bring to the attention of the NSCC the fact of serious lack of settlement. It being a pointer of sorts. A means of exposing the phantom shares reality. A matter of forcing the NSCC to take a closer look. The process amounting to company TA preparing and issuing, to the NSCC, a certificate for the requisite number of shares. The NSCC then distributing same to its broker-dealer participants as called for. Client accounts being credited.
And as for ex-clearing considerations?
The DTCC hosts the relevant records. The database.
The whole of the process serving to pressure guilty parties to buy-in. To disgorge ill-gotten gain in full. And with close cooperation among company legal and accounting and all of the SEC, FINRA and the DTCC a successful outcome can be achieved.
And perhaps not a full buy-in. Based on overall circumstance. But a satisfactory outcome.
Market level goal achieved.
Jeff, et al.…
No.
Today's formal word being not the anticipated PR.
Waiting anxiously.
Hopeful of an all-encompassing Shareholder Update.
We shall see.
Stay tuned.
WetWilly,
lol
Thanks.
Well said.
And you're welcome.
Spino...
There are a great many possibilities to consider. Much to lend voice to. And let's consider, again, the short and distort ugliness. Just who/whom might have been behind it all. Footing the bill. And still so doing.
We need consider the very real possibility that pps appreciation alone could precipitate the MOASS.
Were we to play welcome witness to a breakout? The right spark/catalyst in evidence? The right market level moment?
Well, sudden and massive pps advancement, based on the substantive, could yield the MOASS. No other effort required.
The short and distort of that Friday in June was more than a little curious. The goings-on, ever since, no less so. Certain parties hard at work. Attempting to undermine all. Going so far as the Flickr stupidity. And more.
Desperation.
We don't have all the answers. No. But it could very well be that a breakout, based on the substantive, could deliver the MOASS.
Involved parties seeing no escape. Being so positioned.
As for possible lack of solvency?
Well, again, we have to consider that we don't know just how localized the abusive shorting activities have been. But with a dividend being "considered" by the inside?
And, again, tells us much. Just what it is that management knows.
And recalling that there is built-in redundancy of sorts. A chain of liability. From client through to clearing agency/agencies.
And if the goings-on aren't so localized? Involving numerous individuals and entities otherwise? With any of same currently not solvent?
Well, a matter of advantaging the legal system. Gaining a judgment(s) for when solvency returns.
As for offshore?
Introduces a degree of complexity into the equation for sure. But doesn't preclude full redress. Just a matter of the necessary cooperation among relevant agencies. So on.
And, so, no worries.
A dividend is being "considered".
Telling us much.
The answers, in full, to come.
And a breakout?
Holding tight.
A humbling experience to receive so many positive responses. Both public and private.
So many kind words.
Leaves one lost for words.
And, yeah, I know.
Thank you to all.
And, as always, you're welcome.
I, additionally, enjoyed the humor. Agile minds at work. The quick-witted.
BD…
Thank you.
And a stock dividend?
Well, courtesy of company IR we know that a dividend is being "considered". Management seeing the inherent logic of going that particular route. And doesn't have to necessarily be a 50% dividend. Just as long as the gesture gets the job done.
Time will tell.
And you're welcome.
Spngwho…
Agreed.
More to the picture than meets the eye.
And thank you.
Dumar...
Thank you.
And no.
Logic, and a lot more, dictating that the relevant Listing Council will listen to reason.
Once America's Cleaning Company achieves senior listing status?
The upside is wide open. An end to egregious manipulation. An end to the stigma attached to being 'quoted'. Being an OTCBB component.
KJ…
Hello to you.
And no. No personal contact lately. And yes. And, apparently, this trading week. And let's hope we're talking a Shareholder Update. The clearing of the air in full. Would indeed be a "wise" move.
Very much so.
We shall see.
Opus…
Thank you.
And wishing you well.
A full and speedy recovery.
All the best.
Spinosaurus…
Thank you for all.
The concern. The consideration. The assistance.
The rest of it.
And indeed.
Payday in the making.
Izzy…
Kind words appreciated.
Thank you.
Pearson…
Yes.
The Listing Council will, doubtless, see the light. The inherent logic being just too compelling to ignore. The whole of it simply adding up. And we know what company IR has had to say on the subject. Managerial thinking. Continuing the value-adding. Getting the job done.
For just such an eventuality.
The waiving of the $4.00 requirement.
Sponge…
Thank you.
And no worries.
We have to consider the possibility that a number of individuals, and entities otherwise, are connected to the phantom shares position in full. An apparently truly massive position. And that certain of said individuals and entities are, currently, not solvent. Additionally, considering the offshore angle. Different regulatory environment(s). And more.
We simply don't know. Don't have all the facts before us. And we proceed accordingly. Looking at various possibilities.
But with a dividend being "considered" by management?
Well, tells us a lot. A whole lot. Just how much management has gathered in the way of material fact. No small consideration.
The full detail will come our way eventually. When the time is right. The stage set in full. And in the mean time we'll continue to look at various possibilities. The discussion continuing. Doing the best we can to arrive at fitting answers.
And as for a stock dividend more specifically?
Yes.
A market level impact similar to a forward split. And let's say that come our next trading session we play welcome witness to a PR declaring a significant stock dividend. And what would be the market level reaction to such? Given, that is, the full reasoning behind the gesture? Given the fundamental and operational realities of the issuing company? The value? So on?
Management seeing, obviously, the logic of declaring a significant dividend. Being "considered".
Time will tell.
And you be well also.
Fred…
Achieving the senior listing leaves the upside wide open.
Massive ROI.
Just a matter of continuing to hold tight.
NBP…
Thank you.
Interesting trading sessions ahead for sure.
The time of the faithful longs.
Onward and upward.
Thank you to all.
The kind words.
The collective support in ending the suspension.
Greatly appreciated.
The fact that there are those who find value in what I have to offer is very gratifying.
Hunt…
We're all of us, the faithful longs, anxious to see ill-gotten gain disgorged in full. Seeing criminals facing the music. And the inside is working on it. There being "a plan".
And having said that?
Well, there's been a lot of contact with company IR of late. Much of interest shared with the board. And based on all of same? Where are we?
Well, all I can do is express my personal take of the situation.
And so...
Some time back I presented a post that, in part, addressed what management had to say during the initial NFE Conference Q&A. A little something telling.
And…
(Mr. Metter)
1_
"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"
"Yes. We have a meeting Thursday with NASDAQ. As you know, NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
2_
"Would you entertain a 1:100 reverse split to get listed?"
"Well, we’ll deal with it when…Right now we’re going to go there on the basis of what the stock is going to grow to. The time has come for us to move off the Bulletin Board."
[ As you know, NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base. ]
My having made the argument that, in stating what was stated, management was intent upon appealing to the common sense of the relevant Listing Council. To convince same to waive the pps initial listing requirement in light of the fundamental and operational reality of America's Cleaning Company. The fact that achieving the senior listing would, in and of itself, precipitate significant pps appreciation. Which it most assuredly would. And, particularly, in light of the fundamental and operational advancement over the weeks since the meeting with NASDAQ. Dicon acquisition inclusive. Significant value added. Very significant.
And considering, additionally, the growing level of interest at the institutional level. And the effect of applicable multiples. The Reuters rating of Outperform. Top 30% reality. The resistant business model. Resistant to the global economic downturn. A whole host of considerations.
And, additionally, I made mention of the MOASS precipitating the $2.00 area. A stable outcome. And from there a minimalist reverse split to the $4.00 area. An event that would necessitate a change of company ticker symbol. A tradeoff.
And, so, okay.
And again…
"Right now we’re going to go there on the basis of what the stock is going to grow to."
And recalling that this was back in June. During the run-up. From the $0.04 area to the $0.15 area by the 8th. And on to $0.2851 shortly thereafter. At which point embarrassment set in. The short and distort routine.
And where would market level currently be in the absence of such?
And let's say we're talking the $0.80 area. Stable average trading base. And $1.20 come the arrival of the fiscal '09 audited. And could management then convince the Listing Council to see the light?
And my vote says yes.
Mr. Metter's argument carrying great weight.
And again…
"As you know, NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
All was good to great, and then some, prior to 'black' Friday. That which changed all. No end of ugliness introduced into the equation. And dogging the goings-on ever since.
And again...
"Right now we’re going to go there on the basis of what the stock is going to grow to."
And?
Well, if it is the case that the share structure adjustments have been completed as of this writing? It would be hugely smart of management to send out to the wires a Shareholder Update PR. As earlier appealed for. Setting the record straight. Addressing shareholder concern in full. Spelling it all out. Clearing the air. Setting minds at ease. Reinvigorating market level.
The place to start.
And the MOASS?
Well, have we called it right? Or are there more parties/entities involved than currently thought to be the case? Would the declaration of a significant stock dividend be a smart move?
And my vote says yes.
And in so proceeding we might not see a full buy-in. For a variety of reasons. But, doubtless, enough of settling/covering to seriously move market level. That which would be already in upside motion courtesy of the aforementioned Shareholder Update.
If the share structure adjustments are complete? As of this writing?
Time to act.
Shareholder Update.
And then factoring in the coming fiscal '09 audited. Added upside momentum.
Would be hugely smart for management to address shareholder concern, in full, prior to the arrival of the coming audited numbers. Setting the stage.
Not even slightly is it rocket science.
Achieving the greatest market level impact. The serious upside. To not squander a once-per-fiscal year opportunity. Tremendous fundamental and operational advancement is being made after all. Month-over-month reality.
And market level currently?
And is it abusive shorting goings-on?
And recalling $0.2851 and climbing. Significantly improved regulatory environment.
Will the MOASS happen?
Well, we know there's "a plan". And how successful will said plan be? Will there be a significant stock dividend involved? Enough settling/covering to achieve a stable average trading base that will see the Listing Council being cooperative? Waiving the $4.00 requirement?
There's, apparently, a telling PR to soon arrive. And a Shareholder Update? Share structure adjustments completed? As of this writing?
And the bottom line...
We have a gross undervaluation situation at market level. The current cost of admission being a no-brainer. Management working diligently to see to it that seriously tangible shareholder value is the soon reality. The bankable. A buy and hold special. The inside having put their own money on the line in achieving that which has been achieved to date. A huge vested financial interest. The bringing of value to all involved.
A Shareholder Update PR. The fiscal '09 audited. Significant stock dividend. The MOASS.
With the August/September timeframe rapidly approaching.
Achieving the senior listing being the key. Becoming an NCM component. Market level taking care of itself thereafter. Massive ROI as management gets on with getting on. The making of an empire. Gross revenues target of $500m plus. Up to 100 SKU's by EOY 2011.
The faithful longs continuing to hold tight. Continuing to support our own collective investing/trading interest in the absence of inarguable reason to proceed otherwise.
Our being in the best of all possible hands. There being simply no arguing with the stellar fundamental and operational advancement to date. Month-over-month reality. The year-over-year reality on the way. The degree to which institutional level interest is mounting. The Reuters rating of Outperform. Top 30%.
None of us having any control over the 'black' Friday goings-on. The fallout.
A Shareholder Update PR. The fiscal '09 audited. Significant stock dividend. The MOASS.
Thinking clearly.
Z4…
Affirmative.
Day traders largely out.
Sideways trading.
Calm before the storm.
And thank you again to all.
All the best.
Lou,
The grapevine having had much to say from early June onward. And an example from mid-July…
"There's been recent board chatter about something huge being in the offing. On the horizon. And there's similar chatter currently afoot on the private side. Via the grapevine. Mention being made that now is not the time to be caught without a position in America's Cleaning Company."
And by July 28th market level had more than doubled, to an interim High of $0.1650, from the point of capitulation.
And on the 20th there arrived the following PR...
'SPNG ... is pleased to announce that its Chief Executive Officer, Chief Operating Officer and Board Members have been purchasing SpongeTech®’s common shares in the open market. Together the team has purchased approximately 18.2 million (eighteen million two hundred thousand) shares of the 722.86 millions shares issued and outstanding as reported in the Company's 3rd Quarter 2009 filing.'
(Mr. Metter)
"I believe our stock is very much undervalued and we will continue to buy stock in the open market from time to time and continue to enhance shareholder value."
(Mr. Moskowitz)
"We believe that our shares represent an attractive investment especially at its current market value. We are very confident with the continued strong demand for our product lines, along with our future anticipated sales growth and market penetration across the world."
And on the 22nd came...
'SPNG … today announced that its Board of Directors has authorized an increase in its stock repurchase program from 100 million to a maximum of 150 million common shares.'
'Repurchased stock would be returned to SpongeTech®’s Treasury; reducing the number of outstanding shares of the Company stock, thereby decreasing the Company’s overall market cap and reducing the trading float.'
The grapevine chatter was accurate.
And a similar situation in early June. The grapevine chatter being accurate. Right up to our interim High of $0.2851. When certain parties among us grew so stressed/desperate as to resort to that which they did. Short and distort routine.
As for the grapevine latest?
There's been no mention of the specifics. As usual. Only the general. That formal word to get excited about is coming. And such certainly fits. Given proximity to the August/September timeframe. All that same equates to.
We wait.
We find out.
Spinosaurus…
I've got it bass ackwards? That it?
And you're welcome.
And thank you.
With quality of management being the always crux. And in America's Cleaning Company we couldn't ask for better. The finest of leadership. The honoring of fiduciary duty. The shareholder respectful. The bringing of value.
The seriously bankable variety.
Simply doesn't get any better at basement level.
And thanks again.
Spongeboy…
The specifics I have no knowledge of. Only the general. That formal word to get excited about is on the way.
And such does fit.
We shall see.
Z…
The Authorized?
The recent increases representing earlier thinking. That the Dicon acquisition would call for a common stock issuance or two. And that additional M&A activity would result in the same. With, when all was said and done, the Dicon acquisition structured as an all-cash deal. The inside having obviously since arrived at a meeting of the minds such that any/all additional M&A activity (if) can also be successfully accomplished on a cash basis. A largely cash basis. Not to mention pps circumstance. The higher the pps? The less stock need be applied re M&A goings-on. Equity application. And we're headed for 900m Authorized and the 500m Issued and Outstanding area. Room to maneuver if need be.
The talk of a connection between the Authorized increases and abusive shorting goings-on being fanciful at best. The reality being what it is. Company growth/expansion. The external variety. The coming reduction to 900m speaking to both cash flows strength and near-term pps appreciation. The steadfast determination to maintain the parent company as debt-free.
No dilution. No debt. Cash cow reality. Near-term pps appreciation. With the month-over-month gross revenues picture spelling out the reality.
Golden ground floor opportunity as far as an investment is concerned. Risk/reward nirvana. A buy and hold special.
A matter of achieving the senior listing.
The ROI of a lifetime!
As for a 100% common stock dividend?
For every share currently Issued and Outstanding one new share would be issued. And referencing shares that are legally owned.
The point of such a dividend, for America's Cleaning Company, being to force a reconciling. To force settlement. A full buy-in. And management need proceed as earlier outlined. Bringing in all of the SEC, FINRA and the DTCC. And for extremely good reason. Maintaining a close association with all three entities. And because there could very well be collusion among all of a hedge fund and a particular broker-dealer and the DTCC in having created the phantom shares position and keeping same hidden.
And if so?
Well, in declaring a significant stock dividend the DTCC, and its affiliates, could attempt to create and distribute a phantom dividend (IOU) for each phantom share (IOU). Rather than calling on the referenced broker-dealer and client to settle. To buy-in.
Declaring a significant stock dividend, as talked about, can get the buy-in job done in full. Precipitate the MOASS. But only via proceeding carefully/cautiously. In close association with all of the SEC, FINRA and the DTCC. Seeing to it that there is no stepping out of line. That the primary goal is achieved.
And you're welcome.
Peter…
Thank you.
And a buyout?
A fitting offer could come at any time/moment. The fiscal '09 audited about to arrive. The June and July gross revenue numbers known. The mid-August detail additionally. And bearing in mind the 'promoters' nature of management. And the fact of maintaining the parent company as debt-free. My personal take, from the get-go, being that the targeting of a buyout carries great weight. That management will readily accept a fitting offer. Company true value circumstance.
The senior listing angle introducing much into the equation. Fitting valuation and all. A buyout getting major league expensive.
Interesting for sure.
Rommel…
Relative to what comes my way via the grapevine I always share with the board. Sharing what I can. But at no time have any specifics been part of the goings-on. And such fits. Is in line with SEC rules/regs. The grapevine having proved up over time. Having been accurate. With the chatter being always of a general nature. Never any specifics.
On the latest?
We wait.
We find out.
Kevin...
On the subject of a friendly 100% buyout?
A matter of fairly valuing the target. Of sitting down at the negotiating table and arriving at a meeting of the minds. A fitting offer in line with company true value circumstance. A fitting pps as per the Issued and Outstanding of the time.
And, certainly, few of the faithful longs would be upset should a fitting offer come management's way in the near-term.
Entirely possible.
Jason…
In the absolute.
As always.
And thank you.
Onward and upward.
Jeff/Shelly, et al.,
Negatory.
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.
The August/September timeframe closing in. All that same means. The $4.00 plan. The MOASS. Senior listing. And it's already a matter of putting the pressure on. The very reason why the short and distort routine. Why the June run-up was targeted as it was. Certain parties feeling the heat. Pressure ever-mounting. The fundamental and operational advancement. Ever-tightening tradable float situation. The rest of it. Pressure on top of pressure.
Until all Hell does break loose!
The whole of it starting this trading week.
Waiting for it.
Kij…
Speaking volumes.
(Mr. Moskowitz)
"We believe that SpongeTech will be able to sustain the current pace that the Company is experiencing."
The "pace" of growth/expansion. Month-over-month reality. The type of sentiment having been expressed numerous times previously. And any lack of accuracy so far?
The getting of the job done.
Kelly…
The increases to 2.5b and 2.75b happened in the absence of fanfare. It being not a difficult concept. Though many among us proceed as though it were. And shock and surprise? The whole of it being in line with earlier thinking. With, now, the 900m being in the pipeline. Latest petition. To become effective. In line with latest managerial thinking.
As for lies?
Well, a challenge was presented. To one and all. With not so much as even a single response to same. Zip. Zilch. Nada. And shock and surprise? There being not so much as even a single soul among us able to point out, specifically, just where management supposedly lied.
Saying all same has to/needs to.
Wilma…
You're very welcome.
And absolutely.
The long-term success of the company depending upon it.
The $4.00 plan.
John…
(#166583)
--------------------
Jim…
We'll start with the fact that management, depending upon overall circumstance, could pursue full redress via the legal system. Via litigation. For, in effect, the parties behind the shorting abuse have committed a crime in the form of theft. Theft of company assets.
We don't have all the facts before us. And we proceed accordingly. Discussing realistic scenarios. Not pipe dreams. Not that which doesn't fit the overall goings-on. Ways in which management could proceed. Justice being served. In full.
And we know, courtesy of both IR and Mr. Moskowitz, that implementing a reverse split would lead to a change of ticker symbol. And if such were not the case? Well, would a reverse split be the answer? Justice served? In full?
Dicon came with baggage in the form of debt. The acquisition structured in a way that the parent company remained debt-free. With management not proceeding so in the absence of extremely good reason.
A need of remaining realistic. Of thinking clearly.
And while the declaration of a stock dividend might seem counterintuitive?
It isn't.
Management continues on the current path. Share structure adjustments as we know them to be. As PR'd. The setting of the stage. Demonstrating steadfast resolve in fully addressing the shorting abuse issue. Justice being fully served. Exposing the situation, in it's entirety, to all of the SEC, FINRA and the DTCC at the appropriate time. Being taken entirely seriously courtesy of having set the stage. Demonstrating serious resolve. The fiscal '09 audited detail filed. The fundamental and operational status of the issuing company made plain. For all to see. Latest detail.
Management then indicating, to the referenced entities, intent to declare the dividend. Intent to pressure involved parties/criminals to fully disgorge ill-gotten gain. Our having already addressed the associated mechanics. Complete with added pressure from all of the SEC, FINRA and the DTCC. And, very possibly, a litigation component additionally. Depending. Additional pressure.
We don't know just how management will proceed.
But the dividend scenario is entirely sound. Inclusive of the reward consideration. As opposed to dilutive. The 3:2 forward split perspective.
The SEC, FINRA and the DTCC to play a very major collective role.
Successful outcome achieved.
Pressure on top of pressure. So on.
Forcing the issue.
Stock dividend. One sound scenario of several possible.
We shall see.
--------------------
Thank you to all.
Kelly/Lake…
The Singapore bit of business being old news. From last year. We await the latest findings. Full detail.
As for the Authorized?
Change of plan. Business plan. The increases to 2.5b and 2.75b having been in the pipeline and having become effective accordingly. The 900m petition now in the pipeline. Becoming soon effective.
PM…
And are you referencing 'official' word? Or posted opinion?
Thanks in advance.
And realizing that we're talking about a process. A process that begins with the PR of the decade.
John…
The coming filing will, most assuredly, be a telling read. Be well-received.
As for Fridays session?
A combination of the early collapse upstairs coupled with the mindless panicking over original thinking. The 2.5b and 2.75b having happened. Becoming effective. But no filings. The 900m petition becoming soon effective. Latest managerial thinking/approach. Officially announced via the coming annual filing.
Our coming trading week to strongly make up for Friday's session. Understandable accumulation. And on from there.
Cooler heads prevailing.
Clear thinking.
Neidem…
Post reinstated. As you know.
Kegs…
A grand total of 900m shares Authorized will be the reality once the latest petition becomes effective. And by the August/September timeframe we'll be talking an Issued and Outstanding count in the 500m area.
And a 50% common stock dividend declared?
Said Issued and Outstanding increasing to the 750m area. The dilutive effect far outweighed by the overall reward factor.
The big picture.
E…
Authorized increases to 2.5b and 2.75b happened. Not rumor. In line with earlier thinking. The 900m petition becoming soon effective.
Clarity.
Peace for all involved.
And much more!
Naked…
The "$25.00" bit of business having come courtesy of a recent posting exchange as follows:
"Dear Doug, … Please do not sell any until the PPS is $25. … Much appreciated, … Drew"
(And Doug Furth in reply)
"I am not selling untli far higher than that, Drew. FAR HIGHER, and I fully intend to get it."
And yes. The Issued and Outstanding count increased by the dividend. The dilutive effect far outweighed by the overall reward factor.
The big picture.
We shall see.
Carol…
Affirmative.
Anticipating a big week for us. A number of industrial strength PR's hitting the wires.
In America's Cleaning Company?
The faithful longs having, most assuredly, stepped in something good. Something exceptional. Golden ground floor opportunity.
The bringing of value. The seriously bankable variety. The honoring of fiduciary duty.
Good things to come.
Good to great.
And far beyond!
Holding tight.
Thank you.
PM's…
Thank you.
And you're welcome.
Alex/Mike…
Don't lose sight of just where market level was headed prior to the short and distort routine getting into full swing. An interim High of $0.2851 and climbing.
The shorts being now with us. And posting accordingly. Lies and deceit/distortion routine. The day traders additionally with us. To a degree. And posting accordingly. Playing the board like a fiddle for personal gain. The faithful longs being the only parties, in routine attendance among us, routinely avoiding the wanton spreading of misinformation/disinformation. Sticking to fact to the degree possible/doable and otherwise proceeding in line with common sense and fitting logic and the related.
Saying all same has to/needs to.
Escaping the manipulative practices of the underlying venue being the sole answer. Being what it's all about. Where we are in the overall proceedings. Within, that is, a matter of two to three weeks. The August/September timeframe.
The open market buyback scheduled to expire on September 5th. The RM Enterprises holdings situation to be completed later this month. And then factoring in the coming fiscal '09 audited detail and the rest of it. August gross revenues. Forward periods detail. So on. The big money folks completing their due diligence.
The NFE Conference being the point at which began a thorough vetting process of America's Cleaning Company and management team by an institutional level audience. The Reuters rating of Outperform emerging thereafter. Top 30% reality. The big monies starting to come in. Expanding presence. Expanding financial commitment. In line with ongoing numbers accretion. Management getting on with getting on. The bringing of value.
Saying all same has to/needs to.
Our having arrived at a crossroads. Less than a month distant. The leveraging of criminal behaviors to the max. What it's all about. The $4.00 plan.
And the Authorized?
In the process of being trimmed to the 900m level. And very likely because said number fits in more ways than one. Relative to the extent of the phantom shares position. And in line with desire to be taken entirely seriously by the regulatory powers that be. And others. A successful outcome. It being simple common sense to avoid an unnecessarily massive Authorized count. That which points to the possibility of having invited abusive behaviors. Self-defeat.
Bringing the Authorized in line with the balance of the company's share structure being simply smart under the circumstances. Inclusive of the overall impact of the full extent of the phantom shares position exceeding not only the Issued and Outstanding but indeed the Authorized. A huge consideration.
And management obviously, at this juncture, has completed the formalities. Being well aware of what's what relative to the abuse. Full extent and so on.
Almost upon us is the time to expose the reality. To force guilty parties to fully disgorge ill-gotten gain. Back into the system from which it came. And not just the MOASS to consider. But, additionally, the coming audited numbers and the rest of it. August gross revenues. Forward periods detail. So on. The completion of due diligence. The big money jumping in.
Management being no fools.
The setting of the stage in full.
The $4.00 plan.
The PR of the decade set to arrive. The squeeze play detail in full. Inclusive of the specific means/methods to be employed. And let's hope for a 50% common stock dividend. One new share being issued for every two shares currently held. A declaration that would amount to the same market level impact as a 3:2 forward split.
With the very strong likelihood being that, relative to the abuse, we're talking domestic in origin. And collusive behavior. A hedge fund and a particular broker-dealer acting together. And when a large client of a broker-dealer, such as a hedge fund, approaches? Making clear a desire to position short against a particular company? Well, said client has an obligation to assure a pre-borrow. And if the representative broker-dealer simply accepts such assurance at face value? Well, a condition of liability arises should said assurance prove up as worthless. And then factoring in the involved clearing agency/agencies when all is said and done.
Our having already addressed the exchange of certificates and stock dividend approaches to forcing a full buy-in. The associated onus being placed on the NSCC. The agency being forced to reconcile. In turn pressuring the involved broker-dealer. In turn pressuring its hedge fund client. The chain of events. The liability.
No end of fun and profit. Fireworks aplenty.
The coming PR to be a telling read. The associated market level response being to wholly smile about. Everyone and his/her proverbial dog jumping in. Skyrocketing pps circumstance.
Breakout city!
Liability being spread across numerous entities. And exactly how it, all of it, is to unfold will very soon be known to one and all. The guilty getting it in the neck. Leveraging to the max. Criminal behaviors. Daylight robbery. Massive fraud. The undoing of the deserving.
Escaping the manipulative practices of the underlying venue.
And the inside did advantage the short and distort goings-on ever so cleverly. And all part of leveraging criminal behaviors to the max. And how quaint, of course.
Less than a month distant. The PR of the decade. Market level going ballistic accordingly.
Breakout city!
And only the beginning. The MOASS to follow. And factoring in the completion of due diligence. The big money jumping in.
A management team to be truly proud of.
Waiting anxiously.
Jeff…
The inside was taken completely by surprise. A level of bottom line success that simply wasn't anticipated. A marketing initiative having proved up hugely. Far beyond anyone's expectation. With company business plan adjusted accordingly. The Dicon acquisition inclusive. And the final August gross revenues number could, very easily, be earthshaking. Sending a message to be not ignored even slightly. And not just orders but reorders.
And not just revenues. But revenues of serious worth. As opposed to the empty variety. That which any damn fool of a management team can readily generate no end of. The OTC being rife with just such goings-on. Wishful thinking routine. Shareholder value be damned!
In America's Cleaning Company we're talking golden ground floor opportunity. Nothing (ahem) short of. The no-brainer of the century.
Risk/reward nirvana.
Fundamental and operational soundness. Rapid growth/expansion. The leveraging of criminal behaviors. To come.
The whole of it.
Not the best of times, by any means, to be sitting on that proverbial fence. The accumulation goings-on to understandably gain serious momentum over coming trading sessions. As payday draws ever nearer. The prospect of management having settled on a significant stock dividend as being the best approach to precipitating the MOASS. All of the SEC and FINRA and the DTCC to play a major role in the overall proceedings. America's Cleaning Company and its management team being taken seriously. The best part.
The fundamental and operational reality. The credibility. The powers that be adding great weight to the proceedings. The setting of an industry precedent in the making.
Massive ROI.
The plain and simple reality.
As Doug Furth will readily attest.
$25.00 being the least of it.
Less than a month distant.
The beginning of the end.
For the shorts.
The time of the faithful longs.
Rich…
Hello to you.
And thank you.
And hopefully you and yours are as well as me and mine.
And indeed. A once in a lifetime opportunity. A phenomenal company. A phenomenal management team. In better hands we couldn't be. The bringing of value. It being simply unfortunate that our earlier ascension to an interim High of $0.2851 was as rudely interrupted as it was. A world beleaguered by no paucity of pollution in flesh and blood form.
And so be it.
The short and distort goings-on having been cleverly advantaged by the inside with the ultimate in poetic justice to come.
And the prospect of a buyout?
Well, it's been my personal contention from the get-go that management is targeting just such an overture. Maintaining the parent company as debt-free. With the prospect being an any time/moment proposition. And for a variety of reasons. Inclusive of competitive considerations. Valuable shelf space as an example. Many ways to view the situation.
If the intent is hostile? Well, we're talking sooner than later for obvious reasons. Cost inclusive. And if friendly? Well, we're talking later than sooner. America's Cleaning Company more established in terms of marketing/branding. That which cannot be denied. Big money consideration. Long-term success.
And whether hostile or friendly?
Well, my personal take being that if the offer fits? Is in line with company true value circumstance? Current and future value taken together? That management will be all over said offer like one of those proverbial dirty shirts.
And having said that?
Well, it's time to focus on the aforementioned. The MOASS and the completion of due diligence consideration. The big money jumping in. The $4.00 plan. Achieving the senior listing.
The leveraging of criminal behaviors to the max. The prospect of a significant stock dividend. And no. I haven't heard anything directly, or via the grapevine, that such a dividend is to be declared. Only that said initiative would be a smart move for reason more than one. The lighting of an immediate huge fire under market level. Higher launch base achieved. The $4.00 target achieved thereafter. At the very least.
The central point being to gain the senior listing. That which makes all the difference. That which permanently ends the market level battle as we currently know it to be. That which brings in the big money to a truly massive degree. The effect of applicable multiples and all.
The phantom shares position being very real. Having been a thorn in management's collective side for months on end. Time for that which, goes around, to come around. To expose the reality.
For ill-gotten gain to be disgorged in full. Back into the system from which it came. Plain and simple justice. Criminals being held accountable. Forced to pay. All of the SEC and FINRA and the DTCC to play a major role. America's Cleaning Company and its management team being taken seriously.
The Authorized sitting at a level that fits in terms of the full extent of the abuse and adds to managerial credibility in the overall. Doesn't invite dismissive smirks from those who count the most.
The setting of an industry precedent in the making.
Less than a month distant. The whole of it. The PR of the decade.
Hopeful that we do play welcome witness to a significant stock dividend being declared.
Management on a mission. To fight back. To not allow criminal behaviors to undermine all. To go unpunished.
And the irony involved.
Those who, for so long, attempted to undermine all? Becoming the lever to the future. The long-term success of the company they so long ago misguidedly targeted. Having wholly underestimated both a steadfast management team and associated regulatory powers that be.
The road to riches.
Our coming trading week to see the accumulation goings-on gaining serious momentum. Understandable green.
Less than a month distant.
The beginning of the end.
For the shorts.
The time of the faithful longs.
And all the best.
To all.
Jason/Carol, et al….
A need, as usual, of filtering out the noise. Of focusing on the best and forgetting the rest. Laughing off the self-defeating emotional overload routine.
Bearing in mind that what's in the Articles of Incorporation amendment pipeline will, naturally, come to fruition in order of petition. And there was no Form 8-K filing relative to the increase to 2.5b and there will be no such filing relative to the increase to 2.75b. Earlier thinking.
Management, from day one, having been hard at work bringing value to all involved. Themselves, very much, inclusive. And let's say, for the sake of discussion, that the Dicon acquisition had involved equity. Significant issuance of common stock. And who among the faithful longs wouldn't see the value in the tradeoff? The present and the future taken together? We'd be complaining, would we? Judicious application of equity? Fair value? Synergy? Economies of scale?
The ongoing increases to the Authorized have been about increasing shareholder value. Not decreasing said value. With the Dicon acquisition, as a wholly owned subsidiary, successfully concluded as an all-cash deal. With same speaking volumes. Being totally to smile about. For not only does the stated structuring speak to availability of cash at the relevant time but, more importantly, speaks to future cash expectations. Sales readily converting. Revenues inflow and A/R turnover rate.
Time to slow down. To think clearly. To realize that mid-August has arrived. Payday rapidly closing in (pun intended). Massive ROI. Long wait hugely well worth it. Management coming through big time! Long-term successful company reality.
There was clearly stated initial expectation of the Dicon acquisition calling for significant application of equity. Additional expectation of continued external growth/expansion via the application of equity route. And then there came a little rethinking. A little business plan revamping.
The inside having been taken completely by surprise. The degree to which the company's initial slate of product offerings having been as well-received as has been the case. As is the case. Flying off the shelves. Massive success at retail. The very reason behind the Dicon acquisition. Said acquisition cementing the reality. The fundamental. The operational. That which Mr. Celia clearly sees.
And…
(Susan at company IR)
(Mid-July)
(Paraphrasing)
"They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyones expectation."
[ focus is on expanding the co ]
[ exploding way above anyones expectation ]
The company's business plan understandably morphing in line with changing circumstance over time. A plan once involving the prospect of significant application of equity relative to growth/expansion pursuits in general. But no more.
The latest Authorized increase to 2.75b having made its way through the pipeline. Having become effective. With the reduction to 900m about to so complete. To become effective. Officially reflected per the coming annual filing.
And those who failed to see the light? Unable to follow the bouncing ball? Self-defeating emotional overload routine? And madly scrambling to climb back on board. Realizing the foolishness. The rashness. The entirely self-defeating. That equities and emotions don't mix.
And as for lies? Well, can any of management's detractors point out specifically just where the inside officially announced the intent per the increases to 2.5b and 2.75b?
And officially...
(July 27)
'SPNG ... is pleased to announce that the Company is taking action to amend its Articles of Incorporation to reduce the number of common shares that the Company has authorized to 900,000,000 (nine hundred million) shares. In addition, the Company has also begun the process to lower its outstanding shares to approximately 500,000,000 (five hundred million) shares.'
'As reported in the Company's 8-K filing on May 26, 2009, SpongeTech® amended its Certificate of Incorporation to increase its authorized common shares from 1,800,000,000 (one billion, eight hundred million) to 2,000,000,000 (two billion).'
And I challenge any/all of said detractors to point out, specifically, where the lies. Timing considerations and all. Pipeline reality. Petitioning.
And should we talk libel?
The company's business plan having morphed. In line with the cash cow reality. No need of equity application as originally envisioned. And kudos. A management team getting the job done. The bringing of value. The seriously bankable variety. Ongoing advancement to be hugely admired/respected. The big money taking understandable notice. Climbing on board. A massive flood to understandably come. Market level soaring.
A little called for rethinking being what we're talking about. Business plan revamping. Changing circumstance to smile about.
That which was already in the Articles of Incorporation amendment pipeline having made its way through. Becoming effective. With the decrease to 900m to come. To become effective. In line with latest managerial thinking. Latest business plan reality. Cash cow circumstance.
With the August/September timeframe rapidly approaching. Complete with an Outstanding count in the 500m area. Complete with maintaining the parent company as debt-free. As an exceptional buyout target.
None of it amounting to rocket science.
As for Reg. SHO? A moving target. Earlier positions closed. New positions opened. Hoping in vain.
And the phantom shares goings-on? The entrenched? And almost home. August/September timeframe. The PR of the decade poised to arrive. Squeeze play detail.
"The time has come for us to move off the Bulletin Board."
Understandable green. Two to three trading weeks. The fiscal '09 audited. The Authorized. The Outstanding. August gross revenues detail. Forward periods detail. Much more. All that same means. Putting it all together. The seeing of the light. The following of the bouncing ball. Thinking clearly.
Green and more green.
The dollar$ variety.
None of it amounting to rocket science.
The ROI of a lifetime!
And have a great weekend.
All.
Thank you to all.
Mark…
Seeing as how rectifying the phantom shares situation is as critical as it is to achieving longer-term company goals? Well, we'll take the time and trouble to break the situation down in as great as detail as possible. From start to finish.
And a few considerations to get us started:
1_
We don't know that a hedge fund(s) is/are involved. Only that such fits. Inclusive of the brazen contact with management. The attempt to 'legitimize'. Could be a matter of a broker-dealer(s) acting unilaterally. Trademark MM abuse. No third party(ies) collusion.
2_
The current Reg. SHO flagging. Exactly what same means.
3_
The regulatory environment. The current such vs. that which existed in prior years. Inclusive of 2007 when serious managerial concern arose. Phantom shares situation.
And, so, okay. We know that management is on a mission. A mission to fight back. To not allow the phantom shares situation to undermine all. Well-realizing that, at times, we have average daily volume statistics that are not in line with actual tradable float circumstance. The numbers simply not adding up. Clear evidence of phantom shares being in the marketplace. And how, exactly, does management go about fighting back? The actual mechanics involved?
And breaking it all down...
1_
Management starts with the consideration that there are two floats. The one associated with actual company issuances over time and the one registered at an entity called Cede & Company. An entity controlled by the DTCC.
2_
Management launches a comparison process of the two pools of 'equity'. Via a request to company TA for both a comprehensive shareholder list plus Cede & Company holdings detail.
3_
The comparison process continues via a request for the company's NOBO list from ADP: Investor Communication Services. (ADP = Automated Data Processing, Inc.)
4_
Process continues via a request to ADP for what's known as a Share Range Analysis report. A full accounting of both NOBO and OBO detail. Shareholder totals. Holdings statistics. ADP being a data processor. Providing a vast array of statistical/analysis services.
5_
The actual comparison is made. Tradable float circumstance. TA detail plus Cede & Company detail vs. the Share Range Analysis detail. A comparison handled by company legal and accounting. A comparison that will reveal any/all (if) discrepancy(ies) i.e., the existence of phantom shares. The actual extent of the abuse.
6_
Based on the results. A finding as anticipated. Phantom shares in abundance in the marketplace? Take action to fight back. Trim company share structure as called for via buyback(s) and cancellations. Trim company Authorized count additionally. So on. Setting the stage. Trap. Noose. Reducing the amount of freely trading stock available for open market purchase(s) and to borrow against.
And if there is insufficient cash available to accomplish the full share structure goal via internal means alone? Well, bring in an accredited investor, or two, interested in participating. Via a significant open market purchase(s) and having, then, the acquired position(s) removed from Cede & Company by way of reverse DWAC (Deposit/Withdrawal At Custodian). A debiting of Cede & Company's accounts. With the same process being available to management directly. Shares acquired via open market buyback(s) removed to treasury.
7_
Make clear the situation to all of the SEC, FINRA and the DTCC. No misunderstandings. Everything out in the open. No mistakes. Clarity in full.
8_
Prepare for the MOASS. The forcing of a massive buy-in. The point at which things can get complicated. If it is the case that a hedge fund(s) is/are involved? Well, management could opt for the litigation route. Criminal fraud proceedings. If it's a matter of a broker-dealer(s) acting unilaterally? No third party(ies) collusion? A different situation given bona fide market making considerations. And much else. Inclusive of ex-clearing goings-on.
The good news being that the SEC is in the throes of establishing rules/regs. that will mandate a buy-in(s) as called for. That will disallow entities such as the DTCC/NSCC from acting in collusion with broker-dealers (participants) in maintaining delivery/settlement failures. The whole of it being worked on as of this writing. No more tolerating the breaching of established mandates. Regulatory framework abuse. And on a more direct level? Well, whether a hedge fund(s) involved or no, management having several direct squeezing options available to them.
And...
a)
A mandatory share certificate exchange. Assignment of a new CUSIP number via application to the CUSIP Service Bureau. Legal ownership separated from the phantom shares reality. The NCSS forced to reconcile. The forcing of a massive buy-in.
b)
Declaration of a 100% share dividend. For each share legally owned an additional share would be issued. Company TA would prepare and issue, to the NSCC, a certificate for the requisite number of shares (Issued and Outstanding count). To be distributed as called for. In line with the 1:1 declaration. A reconciling. And the phantom shares? Those which have been proven to exist as outlined above? How does the NSCC go about distributing in that regard? The forcing of a massive buy-in.
c)
There being other options available. Other approaches. And/or combination of such. Depending upon overall circumstance. Inclusive of regulatory pressures coming to bear. Leveraging the powers that be. Inclusive of the justice system. Just and exactly what the actual plan is? We cannot say. Litigation considerations and all. What we can say is that management continues to set the stage. The trap. The noose. Seeing to it that when push does come to shove the involved parties will be madly scrambling to climb out from under. With market level soaring.
Just a matter of a few more weeks.
The referenced parties having counted on the OTC typical. Something other than a minimalist application of equity business model. Figuring that it would be a case of the usual toxic financings coupled with massive magnitude reverse splits routine. Ongoingly lucrative by virtue of being let off the hook. But no such. The guilty having figured entirely wrong. Not to mention the regulatory environment as it now stands. The SEC coming through. With more to come. Entirely unanticipated by said guilty. Guilty parties now feeling the heat.
And about to get a lot hotter!
As for the current Reg. SHO flagging?
Legitimate shorting activity having taken place from 'black' Friday onward. The overall downtrend through to capitulation. The short side able to routinely profit within the confines of applicable rules/regs. No being forced to FTD. The FTD situation arising following capitulation. Favorable dynamics back in place. Longer-term trend reality. The short side unable to profit as previously. Forced, by circumstance, to FTD. To hold short positions open in hope of a near-term pps collapse. Hoping in vain. As the August/September timeframe draws ever nearer. As management gets on with getting on. The value-adding.
Green and more green.
There being no connection between earlier phantom shares creation and the post-'black' Friday activities. The earlier abuses being entirely driven and deliberate. Criminal and massive. The latest activity being of the legitimate variety and within reason. A matter of being forced, by circumstance, to FTD. Hoping in vain. That which has no chance. Market level headed steadfastly north but for the usual intra-session and inter-session volatility.
The simple reality being that the guilty parties are in understandable panic mode. Realizing the targeting mistake they made. The poorest of aim.
The MOASS in the making.
A few more weeks.
PM…
Catching on indeed.
And you're welcome.
Spinosaurus…
You're very welcome.
And thank you.
I greatly admire your linguistic skills. Your obvious ability to think on your feet.
Kudos.
Jason, et al….
We've discussed, a number of times, the quality of earnings issue. What it is we're going to be focused on come the arrival of the fiscal '09 audited. Our well-realizing that the first nine months of said period saw management applying equity in dismissing obligations. Obligations related primarily to marketing initiatives. Obligations in the $9.7m area. And the earnings picture in the absence of said application of equity?
Few of us being unaware. The coming audited numbers to be a telling read. And a need of understanding that full operational soundness is just on the cusp of being achieved. A matter of synergies and economies of scale kicking in. Efficiencies. The raw numbers being immense. The degree to which gross revenues are advancing month-over-month. Revenues of serious worth.
We have a matter of the operational self-sustaining emerging. In line with serious gross revenues advancement. Capacity to dismiss all obligations in the absence of equity application. Sufficient cash flows from ongoing operations to get the job done. Management, themselves, having clearly stated the case.
And, so, the approx. $9.7m through the first nine months of fiscal '09 plus the ramping up of the fiscal '10 marketing budget to the $20m area. The considerations.
The coming audited numbers to tell us much. Painting a picture. The final three months of fiscal '09. Plus on to fiscal '10. Our already being aware of the record months of gross revenues. June and July with August to likely be tremendously exciting.
Earnings being what it's all about. That which feeds the proverbial bulldog. That which impels the buy-side. Forward periods realities. Projections. Guidance. Not the past. Not the present. But the future. And management is certainly adept on the future prospects front. Expectations of continued rapid growth/expansion. Numbers accretion. And kudos. Just what is needed.
So earnings it is. Quality such. With no one expecting miracles. But it is amazing. The massive rate at which the gross revenues picture is advancing. And coupled with synergies and economies of scale kicking in? Efficiencies? Gross margins expectations?
Not rocket science.
The application of equity situation coming as no surprise. Not in the beginning. The startup typical. And it's a blessing that we're talking RM Enterprises and not some form of third party(ies) toxic goings-on. Being forced to grovel in satisfying operating and growth/expansion capital needs. The whole of it being to smile about. The continued advancement to full operational soundness. Quality earnings.
The picture that the coming audited numbers do paint? Not having to be idyllic. Only a need of reflecting that continued advancement is being made. Advancement in the right direction. Full operational soundness. All that's needed. An eventual end to the application of equity situation in full. No more. And sooner than later? And likely in the extreme. The massive rate at which the gross revenues picture is advancing. Synergies and economies of scale kicking in. Efficiencies. Gross margins expectations. All of it to totally smile about.
The fully self-sustaining.
The big money poised to be all over America's Cleaning Company come completion of due diligence. With a need of considering the global reality. Economic downturn. The fact of institutional players being under performance pressures. Turning to resistant business models such as that of America's Cleaning Company. Resistant to the global economic downturn. A need of recalling what the NFE Conference was all about. The seeking of prospects. Worthwhile return.
Reuters rating of Outperform thereafter. Top 30%.
No shortage of worthwhile analytical coverage to come. Myriad top-tier ratings services offering up a fitting assessment.
America's Cleaning Company and Strong Buy ratings.
That which simply fits.
Onward and upward.
My1…
What you need focus on is the fact of the parent company being SPNG. Being SpongeTech Delivery Systems, Inc. A corporate structure in the form of parent and subsidiaries both direct and indirect.
'America's Cleaning Company' being a subsidiary.
As are…
Spongetech Kitchen & Bath, Inc.
Spongetech Health & Beauty, Inc.
Spongetech Auto, Inc.
Spongetech Medical, Inc.
Spongetech Pets, Inc.
As is Dicon.
And…
'We plan to engage in our proposed different lines of business through each of the subsidiaries and to hold all intellectual property in our America’s Cleaning Company subsidiary. This will allow us to better monitor costs as well as product growth and profits.'
And...
'Established in 1975, Dicon Technologies has been researching, developing and producing some of the most innovative and successful products for multiple industries including agriculture, cosmetic, household and medical. Today, Dicon is recognized as an innovator in product development, setting new standards and creating products with far-reaching implications throughout these industries.'
[ Dicon is recognized … throughout these industries ]
Management, obviously, will play to Dicon's strengths. It being a huge consideration that the currently established distribution and sales channels of America's Cleaning Company and Dicon are far from being entirely parallel and yet are entirely mutual in general nature. The door being wide open to pushing the entirety of the parent company's product offerings through both sets of channels. Where, that is, they aren't already parallel.
As we said previously, the marketing/branding as The Smarter Sponge is a brilliant move. And the Dicon acquisition no less so.
In the absolute we're in the best of all possible hands. The 'promoters' consideration and all. A management team getting the job done. The value-adding. To be truly proud of.
Honoring fiduciary duty.
Alex…
No one individual has ever all the answers.
A very wise man once having written…
"None of us will ever meet anyone in life, to whom we cannot teach something, and from whom we cannot learn something."
Everything in life being relative.
The way it is.
As for our budding empire?
Continuing to hold tight.
Green trading week ahead with truly serious green to follow.
The dollars variety.
Onward and upward.
Thank you to all.
And you're welcome.
Kij...
There's never any shortage of those among us constantly attempting to read the worst into the best. Making complete fools of themselves in the process. And how many times have the faithful longs directly challenged the referenced presentments? And to any worthwhile avail?
Our good friend Spinosaurus said it best...
"Why don't you give up all your disingenuous arguments. You are merely playing everyone and not interested in sincere replies anyway."
Ideally stated.
None of the rest of us able to say it any better.
And as for our latest formal word?
Recalling…
--------------------
And from the July 9th PR...
'The Company has immediately picked up approximately $10 million in revenues and approximately $1.5 million in pre-tax earning from the acquisition. Dicon currently sells various products including private label brands for multiple industries through established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart and Wal-mart as well as direct sales to large commercial clients; all of which SpongeTech® intends to immediately utilize.'
[ all of which SpongeTech® intends to immediately utilize ]
We're talking about truly smart people. Successful people. Not just promoters but the 'down in the trenches' types. Getting the job done. Our being in the best of all possible hands.
--------------------
And were it that the short and distort routine had never transpired?
Well, the short and distort routine happened. No undoing the past. The inside having advantaged the fallout. Personal holdings. Open market buyback. And kudos. More power to them.
Upstairs being the sole answer. Achieving the senior listing. And can we get there in line with appreciating/accreting company valuation? Is that the current reality? Or is gross undervaluation the market level reality?
Had the short and distort routine never transpired? Well, we just might be flying high. Ongoingly valued as hoped for. Market level to smile about.
And recall the Dicon acquisition announcement? The market level impact? The lack thereof?
The referenced PR hit the wires on July 9th. And on that day we saw volume of 115m. Volume on the 8th of 67m. Volume on the 10th of 58m. The Dicon news was huge. And the market level impact was truly sad in pps terms. And we discussed why. About, that is, our registered MM's being of the time positioned largely short. Advantaging the downtrend. That which culminated in the capitulation of the 14th. The 11th/12th being the weekend. And had the news hit on the 16th? The start of our recent uptrend? And a far different story.
The short and distort routine having left us with a lot to deal with. Having introduced much into the equation that wasn't measurably evident previously.
The underlying venue working in a certain and specific way.
A sparks/catalysts/audience such.
The Dicon news missing the mark for the reasons stated. Unfortunate circumstance. An awesome spark/catalyst, in and of itself, that was simply ill-timed. And management had to start somewhere. The basement. It being only recently that the cash cow situation has surfaced. The operational self-sustaining. And the short and distort routine did transpire and here we are. Facing what we face. The way it is.
And there, very realistically, could arrive a fitting buyout overture. We could merge our way upstairs directly. We could play welcome witness to formal word clearly outlining the precise plan surrounding intent to leverage criminal behaviors. Other such industrial strength sparks/catalysts poised to emerge. The type needed to yield breakout. The type of breakout that we came very close to achieving on July 27th. When management announced the share structure adjustments intent. Authorized and Outstanding targets.
The right spark/catalyst, at the right market level moment, and we're off and running.
Breakout city!
Sparks/catalysts/audience.
Venue reality.
And in the mean time we have our longer-term trend reality.
The whole of it boiling down to achieving the senior listing. That which makes all the difference. Whole new ball game in welcome evidence. And management has pressed home the fact of 'three of four'. Only pps circumstance standing in the way. Nothing else. Being otherwise poised and ready. Institutional level interest and all.
It being sad to consider the market level damage that the short and distort miscreancy has wrought. What the pps situation would be had certain parties not set about to self-servingly undermine all. And are we right about the connection to worthless IOU's? The footing of the associated bill?
And what does management think/believe? Above and beyond having cleverly advantaged the situation?
The bottom line is that we're where we are. Facing what we face. With management pressing ever onward. Getting the value-adding job done. Our Dicon subsidiary and all. It remaining to be seen just how our redoubtable leaders go about seeing to it that said value is ongoingly reflected at market level.
Getting the ball seriously rolling.
And we do have some well-reasoned ideas on the subject.
We shall see.
Eric…
There's no question.
And recalling…
"On the marketing front we have a case of Q1 through Q3/'09 costs in the $9m area. With fiscal '09 gross revenues projected to well exceed $50m."
A stellar level of return.
It being no mystery as to why the ramping up of the fiscal '10 marketing budget to the $20m area. Not exactly a baffling pronouncement.
And we await the early August detail. See how things are shaping up. And another record month in the making?
And precious little doubt given the big picture.
The whole of it.
Our Dicon subsidiary and all.
Jim…
Going back to the Fall of last year we had management speaking of a cumulative short position in the 100m area. By late January the talk was about a ballooning of said position to the 600m area. And there were FTD's. And then they were gone. And taken ex-clearing? Self-servingly concealed?
On January 27th the following PR hit the wires...
'SPNG .. is pleased to announce that its CEO and President, Michael Metter, will be interviewed live today on Steve Crowley's American Scene Radio Show at 11:24 a.m. EST.'
And during that interview Mr. Metter addressed the abusive shorting situation. And aggressively so.
And on the 28th arrived the following post authored by Doug Furth...
--------------------
Once again there is rampant stupidity here on this chat board.
Anyone with eyes can see that the stock is being heavily manipulated to the downside. Just take a good look at the market maker lineup to see that.
UBSS continues to lead the way on this front but you all need to stop thinking that they are just somehow going to magically disappear and stop this onslaught.
Regardless of what Steve may say this is not going to stop. Steve has tried and tried. He has met with them on numerous occasions and they always tell him that they are going to stop and yet they do not. And even if they do there are other MM's who are going to step in and take their place.
The SEC and FINRA are toothless tigers to stop this problem and so you all need to stop thinking that they are going to come to the rescue. They are the problem and not the solution. They permit this type of stuff to happen and are not going to stop it.
If there is going to be a solution to this problem it is going to have to come from within and that is what we are working toward.
If the wait and the frustration level is too great for you to bear then just sell out your position and be gone.
If you are willing to stand in there and wait then just do not listen to all of this nonsense and do not watch every tick of the stock.
Nothing worth waiting for comes easily and this is no exception to that rule.
Either believe that a solution is being worked upon or not, that is your choice. Either remain a shareholder or not, that is your choice.
But to waste your time speculating about silly things and probable solutions that are pipe dreams is just not productive.
UBSS is here to stay until they have to go and the regulatory agencies are NOT going to stop them. End of story.
--------------------
The abusive shorting situation, as talked about, adds up as being fully domestic in origin. A hedge fund and a particular broker-dealer. A likely smaller hedge fund run by shysters of the highest order. Enough to have directly contacted management in a brazen attempt to 'legitimize' their collusive activities. Criminal behaviors. The once accumulated FTD's now likely hidden via ex-clearing accounts. Away from prying regulatory eyes. The whole of same to be exposed when the time is right. When there is sufficient cash available to both feed ongoing operations and growth/expansion pursuits plus trim, as called for, company share structure.
There being little sense in proceeding until the stage is set in full. The trap. The noose.
A few more weeks.
The phantom shares position is real. The full extent significant but unknown in precise terms.
And why would a smart, shareholder respectful management team fail to fully advantage an unparalleled opportunity to propel market level as needed? Company long-term success considerations? Fail to honor fiduciary duty? Fail themselves?
Simply makes no sense.
America's Cleaning Company being far from the OTC typical startup. Far from that which the regulatory powers that be would scoff at. Would be summarily dismissive about.
The current regulatory environment being a perfect fit. Right in line with the targeted share structure adjustments. Intent to expose the reality. Spurring regulatory eyes to action.
A few more weeks.
Kind words appreciated.
Thank you.
And you're welcome.
Risk…
There are a vast number of valid points routinely posted to this board. An equally vast number of pointless points posted routinely.
The recent Reg. SHO flagging seeing no (ahem) shortage of misguided folks taking the situation and running with it. Extrapolating right through to egregious abuse activities of long ago. Different regulatory environment.
The earlier abuse happened. The phantom shares position being there. Worthless IOU's. The whole of it having introduced that, which it has, into the overall equation. Lying outside of individual control as far as management was concerned at the time.
There being a target of 900m common shares Authorized. An additional target of approx. 500m Issued and Outstanding. And why those particular numbers? And because management knows a little something? Has a particular plan in mind? And the timing?
The situation being what it is. Our having what we have. Criminality. Criminality that management has formally addressed on more than one occasion. Criminality that, at this point, offers itself up ideally. As being the primary springboard to escaping the basement.
What it is we can expect in the way of material company event(s) announcements, from this point forward, being as obvious as we could hope for. There's simply no chance of our being misguided on the reasoning front.
That which simply fits.
Managerial smarts and all.
TFS...
Hello to you.
And the answers you seek?
Available in my posting history.
Been discussed at length.
The current Reg. SHO flagging versus the 'entrenched'. The current regulatory environment versus the lax such of months ago.
And as for management?
From months ago...
'SPNG … is pleased to announce that the SpongeTech(R) Board of Directors is retiring seventy-nine million shares (79,000,000) of SpongeTech(R)'s common restricted (R144) stock from RM Enterprises. This stock will be retired to the Company's Treasury. Upon completion of this transaction, RM will still own approximately 600,000,000 restricted shares. The Board states that further share reductions are being contemplated.
Michael Metter, CEO of SpongeTech(R) comments, 'This initial transaction represents the first step in the restructuring of the corporate capitalization so that the company can place itself in the best possible position for future growth. The Company is exploring other viable options for any and all possible opportunities that may present themselves. It is important to note that this is only the first step of the process and is not the end. The Company believes that the stock is being artificially manipulated and as such is currently examining several options that can be employed for the purpose of enhancing shareholder value.'
And as our good and learned friend Doc can readily attest I haven't always been a steadfast proponent of the phantom shares story. The situation changing for me when, on the private side, a little something irrefutable was kindly shared with me. Convincing me of a likely phantom situation in the 200m area. The turning point for me. And otherwise? Well, check with Doug Furth for one.
As for the guilty averting disaster?
Again, discussed at length. Inclusive of more recently. My posting history being there.
Our having spoken of the short and distort routine. The likely parties footing the associated bill. The fact of certain minions not simply attempting to tank market level but to paint management as criminals themselves. Egregious wrongdoers in need of being formally investigated. Regulatory eyes. To bring the proceedings, in full, to a screeching halt. Issuing company itself.
And an accurate assessment? The involved parties?
Well, as stated, it fits. Like one of those proverbial gloves. Entirely sound reasoning.
Day after day reality. Day and night. Weekends inclusive. On and on. Prolific posting. Ridiculous nonsense such as the Flickr stupidity.
And in closing?
Well, I'll make mention of the fact that we've also recently discussed the possibility of at least some covering having already transpired. Though any such is doubtful in the extreme. Given, that is, that in so proceeding the existence of the referenced position would be revealed in full.
And there I'll leave it.
And you're welcome.
Peter…
You nailed it.
August/September timeframe.
And let's not forget about sales readily converting to cash.
Acceptable, at the very least, A/R turnover rate.
A few more weeks and the whole of it will be revealed.
Patience being a virtue.
FW…
Your attention to detail skills are seriously lacking. Or should we say conveniently lacking?
In America's Cleaning Company we're talking about a massive degree of abuse. From months ago. Coupled with intent to actively force a full buy-in. Specific means/methods to be effectively employed. Criminal behaviors being brought to the attention of regulatory eyes. And on from there.
Time to wake up.
Faustus...
MM's play the spread.
Operating, always, on the basis of order flow circumstance. Dog-eat-dog competitive. The larger fish dominating the action. Playing what's called the hammer role. Said larger fish oftentimes channeling orders for the smaller such. Rapid execution that keeps business rolling in for all involved.
And when it comes to volatility? That which MM's are mandated to keep to a minimum?
Well, it's a matter of going long on the way up. And short on the way down. MM's being empowered to go long or short at will. And isn't such the charm?
And dependent upon overall circumstance?
Well, any particular MM will, at times, be buying/selling for personal accounts. Taking on inventory. Unloading inventory. Seeing the light.
None of it being a particularly difficult concept. Simply a matter of sticking to mandates while profiting maximally. Inclusive of the trademark collars and leashes routine. Taking, now and then, the unsuspecting for a nice little lucrative walk up or down. Depending.
The whole of the middlepersons routine being that which is in desperate need of being done away with in full. In favor of an entirely electronic trading system. An entirely level playing field where the natural market forces of supply and demand take precedence. Reign supreme. Each and every issuer responsible for its own liquidity.
The way it, in the absolute, should be.
The antiquated MM-based telephone trading system being, most assuredly, in desperate need of going the way of the dinosaur. The whole of it being nothing but a massive money grab. Time to terminate the self-serving. The unmitigated greed. The manipulation.
Long past the time.
And if wishes were horses?
And all the best.
Thanks as always.
PM…
You're welcome.
And absolutely.
We "shall" indeed.
Arnold…
In a phrase?
Hold tight.
Naked…
Thanks.
And let's look at it this way…
Let's say that our next PR is of a specific nature that addresses directly the phantom shares position. Management pressing home the point of said position being huge. Having directed company legal and accounting to root out the reality. The magnitude uncovered. The involved parties identified. The DTCC and SEC both aware of the findings in full. The PR going on to directly address the means/methods to be employed in forcing a full associated buy-in. Enhancing shareholder value. As already PR'd. The intent.
And what, do you suppose, would be the immediate market level impact of the arrival of said PR?
And would be huge. For extremely obvious reason. Market level soaring. Breakout city! Higher launch base achieved. With actual squeezing thereafter. Forced buy-in. All the way to a senior listing. Close thereto.
The referenced PR is coming. A matter of a few more weeks. Allowing management the time necessary to complete trimming the Authorized count as befits. The Issued and Outstanding count as befits. None of it being a difficult concept. (No general offense intended.) The whole of it being the answer. Four of four requirements met.
The inside recently having loaded up. Management and directors otherwise. In line with gross undervaluation circumstance. In line with company long-term success prospects. The big picture.
The needed share structure adjustments are being implemented for a multiplicity of understandable reasons. Inclusive of the coming audited numbers. Earnings per share calculation. And additionally in line with intent to, very much, expose the phantom shares reality. An 'entrenched' friend. The answer to achieving the needed senior listing. Leveraging in full. Advantaging.
Management would be extremely seriously remiss to not fully advantage the situation.
And sure. We know that the abusive goings-on didn't succeed in thwarting all. Didn't totally undermine fundamental and operational advancement. Company long-term success prospects. But does such mean that all should be forgiven? Management should simply dismiss the whole of it? Allowing criminals to go unpunished? Accepting the ill-gotten gain as an understandable consequence of an earlier lax regulatory environment?
The door being wide open. Favorable regulatory environment in evidence at long last. The ideal scenario.
We can expect, in the absolute, the arrival of the referenced PR. Market level soaring accordingly. No looking the other way. None.
A few more weeks.
The stage set in full. The trap. The noose.
Payday in the making.
Grant…
The answer being both specific and general.
Specific in the sense of one proprietary trading platform versus many other such. And general in the sense of the overriding consideration being one of liquidity. The involved clearing agency being, in actuality, the party dictating the goings-on. The NSCC (National Securities Clearing Corporation). The clearing/settlement arm of the DTCC.
The whole of it boiling down to a matter of order imbalance. Buy-side strength vs. sell-side weakness. The NSCC being a guarantor of order completion. Equity orders. And proceeding accordingly. Maneuvering in line with availability of inventory. Capacity to fill Buy orders.
There being a need of bearing in mind the fact that much of America's Cleaning Company's tradable float is locked up. Isn't routinely trading. Is being held tight.
And so, again, it's a liquidity issue. Capacity to fill Buy orders. A balancing act.
When there's sell-side weakness?
Restriction in place.
When there's no sell-side weakness?
No restriction.
The general answer.
And you're welcome.
Alex…
Yes.
The technical signaling is huge. As outlined. Our coming session could, very readily, see market level blasting through the $0.20 level.
Stay tuned.
Izzy,
The 'dark forces' being most definitely among us.
Doug Furth being far from a part of any such.
Being on the side of justice.
That which management, and all faithful longs, rightly seek.
Payday on the way.
Thank you.
And you're welcome.
PM…
Thank you.
Very kind.
CR, et al….
Upstairs tanked early and America's Cleaning Company traded in line once again. Followed by a virtual full recovery. And noting a little something interesting in the trading stats….
July 14 seeing capitulation. Low of $0.0785.
Our run-up to our July 28 interim High of $0.1650 thereafter.
July 29 seeing a pullback to a Low of $0.1310 on overall volume of 77m.
Today's session seeing a pullback to a Low of $0.1300 on overall volume of also 77m.
As seen here…
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p27312987579
And the bottom line?
The technical stage set. Strong sessions to come. Money flowing in.
Carol...
Our 'entrenched' friend, once again?
And the crux. The central point.
The fact of the SEC being finally led by someone that the little guy/gal can have faith in being not lost on management. Favorable regulatory environment, at long last, for dealing with criminal types. There having been motivation earlier. And, understandably, even greater motivation as of this writing. Management on a mission.
A simple need of focusing on the fundamental and operational reality. Our not talking about a targeted company of the OTC typical ilk. The regulatory powers that be can be largely forgiven for a less than stellar response to an abusive shorting situation that was largely invited by managerial incompetence itself.
America's Cleaning Company being a whole different story. Far from the bloated OTC typical startup ongoingly struggling to achieve worthwhile operations. Shareholders' deficit in routine evidence. Empty revenues. Negative operational cash flows. Loss carryovers. The ugly rest of it. Massive numbers. In America's Cleaning Company we're talking about fundamentals and operations such that achieving a senior listing is a cakewalk but for pps circumstance. A company rapidly advancing toward fully self-sustaining status. Able to dismiss all obligations courtesy of ongoing operations. A company rated as Outperform by Reuters Company Research. Top 30%.
When push does come to shove?
The regulatory powers that be are going to be sitting up and taking notice big time. An entirely stellar response being what we're talking about. No dismissive behaviors.
Our 'entrenched' friend having been created long ago, yes. But being far from forgotten.
The folks at the SEC are finally prepared to listen to all comers. And much more than just listen. And, particularly, with regard to instances of stellar managerial competence.
The stage continues to be set. The trap. The noose. Authorized common count. Issued and Outstanding count. The leveraging of criminal behaviors. To the max.
Our not knowing just how the intended massive buy-in will be forced. Just how management intends to proceed in full. But proceed they will. There being far too much at stake to not so. Far too much to lose in the overall. And it will, most assuredly, be interesting. The identities of the involved parties. Just who it is can, and will, be held financially liable. The directly involved plus the indirectly so. Associated clearing agency/agencies inclusive. Myriad financially liable parties potentially.
And with that said?
Well, the upshot of the whole of it could very well turn out to be a watershed moment for the industry as a whole. America's Cleaning Company gaining fame as being the first OTC outfit to fully succeed. To successfully challenge abusive shorting practices. Forcing involved parties to fully disgorge ill-gotten gain. Via massive buy-in or otherwise.
It could very well turn out to be the case that, in exposing the referenced criminality to the regulatory powers that be, our budding empire receives unprecedented industry exposure in general. Worldwide attention. A successful challenging of abusive behaviors. The setting of an industry precedent.
Our well-realizing that at market level we're back to favorable dynamics in the overall. Back to the longer-term trend reality. Well-realizing that the best, by far, is yet to come. Fundamentally. Operationally. And at market level?
And just a few more weeks.
The start of it.
Once the stage is set in full. The trap. The noose. Tightened to the desired extent. Favorable share structure adjustments fully implemented.
And the PR that eventually paints the picture in full?
Well, the formal word that will see market level advancing as never previously. As everyone and his/her proverbial dog jumps understandably on board. Readying for the pps fireworks to get seriously underway.
Formal word that, in the absence of all doubt, is coming. A matter of just a few more weeks. Management cementing the fact of being not, even slightly, about to tolerate criminal behaviors. Ill-gotten gain goings-on. As Doug Furth has confirmed for us on a number of occasions recently. Others additionally.
There being an extremely distinct need of escaping the basement ASAP. Of moving upstairs. Of our budding empire being on the receiving end of the attention it so richly deserves.
And sure. The coming audited numbers will facilitate completion of due diligence as talked about. Coupled with the July and August sales detail. Projections and guidance additionally. Inviting additional worthwhile analytical coverage. Top-tier ratings services such as Reuters assessing America's Cleaning Company in ways to smile about. A whole host of considerations as relate to ongoing fundamental and operational advancement. The best, by far, yet to come. Our well-realizing. The whole of it.
But the primary factor in overcoming being persistently grossly undervalued at market level boils down to the leveraging of criminal behaviors. To the max.
Once upstairs? We're good to go. No holding the proceedings back to any measurable degree. As institutional level monies understandably flood in. Effect of applicable multiples in place. The rest of it.
The senior listing being paramount. ASAP. With the leveraging of criminal behaviors being the answer. Leveraging to the max. Getting the job done.
The current favorable regulatory environment being not lost on management even slightly.
And again…
'The Company believes that the stock is being artificially manipulated and as such is currently examining several options that can be employed for the purpose of enhancing shareholder value.'
[ for the purpose of enhancing shareholder value ]
What it's all about.
The talked about favorable share structure adjustments, after all, aren't coming in the absence of significant cost. Not being implemented in the absence of justification.
A $4.00 plan.
And the longer-term trend reality will continue. Starting with our coming session as elaborated upon above. The referenced coming formal word serving as the primary catalyst in achieving our talked about higher launch base. The $0.50 to $0.70 range at the very least. With actual squeezing getting the balance of the job largely done.
And even if just the $2.00 mark stably achieved thereafter? Well, who among the faithful longs will be whining about a minimalist consolidation in achieving the targeted four of four requirements? Given, that is, what becoming an NCM component means in the overall? Institutional level monies and all. Applicable multiples. Etc.
The door being wide open. Favorable regulatory environment. Criminal behaviors to be leveraged. To the max.
What astute/shareholder respectful management team wouldn't proceed? Given the fundamental and operational realities as talked about? Competence. The rest of it.
Total no-brainer.
And the full extent of the abuse?
Phantom shares reality?
Well, that particular statistic will be hugely interesting/telling. With general opinion varying widely. All the way to multiple billions.
Massive ROI in the making.
Just a matter of a few more weeks.
The getting of the job done.
And thanks for writing.
Always a pleasure.
Thank you.
Having fun…
Exciting?
Most assuredly.
And Mr. Metter from months ago...
'The Company believes that the stock is being artificially manipulated and as such is currently examining several options that can be employed for the purpose of enhancing shareholder value.'
The setting of the stage as talked about. The trap being set in full. The tightening of the noose. Management having dug their own heels in. Being not predisposed to simply ignoring criminal behaviors. Ill-gotten gain goings-on. With it being an uncommon pleasure to be involved with a management team in the habit of routinely honoring their own stated word. Breath of fresh air for sure.
The RM Enterprises holdings situation slated to be completed by late August. The open market buyback set for September 5th expiry.
Exciting times ahead in the absolute.
Fun and profit.
Jeff...
It's all of it interesting and then some. With a need of noting that the goings-on aren't simply about tanking market level but, rather, about something far more nefarious. Far more telling. With that something being the ongoing fervent attempt to paint management themselves as criminals in need of being formally investigated. To bring in regulatory eyes. To bring to a screeching halt the proceedings in full. The issuing company itself. Extremely telling goings-on. The whole of it lending massive credence to our being exactly and precisely right about just who it is footing the bill. Minions hard at work day after day. Day and night. Weekends inclusive.
Ongoing attempt to tank market level being one thing. But attempting to paint management themselves as criminals in need of being formally investigated? Seeking to bring in regulatory eyes? Attempting to shut down the proceedings in full?
It being doubtful, in the extreme, that we've failed to call the situation accurately. The whole of it simply adding up. Certain guilty parties in panic mode. Up against a management team getting the job done. The bringing of value. The bankable variety. Having dug their heels in. Being not predisposed to simply ignoring criminal behaviors. Ill-gotten gain goings-on. The tightening of the noose.
A few more weeks and the plan, in its entirety, will be made plain.
All involved getting with the program.
And again...
'The Company believes that the stock is being artificially manipulated and as such is currently examining several options that can be employed for the purpose of enhancing shareholder value.'
PM…
Affirmative.
All to the good.
My having faith that President Obama's choice of Mary Schapiro as chair of the SEC will see the agency finally fully honoring its own primary mandate of protecting the little guy/gal.
And from February...
'The new head of the Securities and Exchange Commission is ending a practice that she said slowed the agency's enforcement efforts against corporate wrongdoing.
In her first public address as SEC chairman, Mary Schapiro said Friday that she is ending a two-year policy requiring agency enforcement attorneys to get approval from the commissioners before negotiating fines and penalties with companies accused of violations.
Schapiro said that practice "just sends the wrong message" and has caused delays. It is just one of the steps she said she is taking to revitalize the SEC's enforcement efforts and bolster investor protection.
Named head of the SEC by President Obama in December, Schapiro took the agency's helm and is being called on to help restore investor confidence shattered by the worst financial crisis in more than 70 years.
The SEC has also faced heavy and unrelenting criticism over its failure to discover the $50 billion Ponzi scheme allegedly run by money manager Bernard Madoff — despite credible allegations against him being brought to the agency over the course of a decade.
Five high-ranking SEC officials appearing before a House panel this week received a tongue-lashing from lawmakers who accused them of impeding their inquiry into the agency's breakdown over the Madoff affair.
In addition to the policy change, Schapiro outlined other steps to speed enforcement efforts at the agency. Those include changes to the process for issuing subpoenas in investigations, and improvements in the handling of tips and whistle-blower complaints.
"A strong and reinvigorated SEC will be on the beat to catch wrongdoing like never before," Schapiro said.'
And all to the good indeed.
Just a few more weeks.
Thank you to all.
Lake, et al….
The SR (Short Restriction) doesn't preclude additional shorting activity in and of itself. What the SR does is mandate that any/all additional shorting activity does not accrete the preexisting FTD situation. Speaking for itself.
As for the short and distort routine?
What we know is that our interim High of $0.2851 was an opportunity for opportunists in general. No arguing with the reality. But if we are right in our overall assessment of the phantom shares position? That we are talking about ongoing collusion between a particular domestic hedge fund and particular broker-dealer? That the massive position is hidden by virtue of having been long ago taken ex-clearing? Hidden by way of personal accounts? Away from regulatory prying eyes?
Well, it makes sense that the short and distort goings-on were, very much, a case of the referenced parties being directly involved. And continuing by way of certain prolific parties among us. The ongoing twisting of reality. Collective futile attempt to seriously tank market level.
All of it fitting.
America's Cleaning Company, after all, is growing/expanding rapidly in all the right ways. The bringing of value. The seriously tangible variety. Being far from the bloated OTC typical startup struggling to achieve viable operations year-over-year.
The abusive shorting/phantom shares bit of business having taken place long ago. Long before the current fundamental and operational reality of the target company. At a time when pps circumstance was but a fraction of the current reality.
And July 27th...
'SPNG … is pleased to announce that the Company is taking action to amend its Articles of Incorporation to reduce the number of common shares that the Company has authorized to 900,000,000 (nine hundred million) shares. In addition, the Company has also begun the process to lower its outstanding shares to approximately 500,000,000 (five hundred million) shares.'
With the 900m common shares Authorized target being an interesting number given the likelihood of the actual extent of the phantom shares position. A telling number. Actual 'shair' count considered.
The target. The timing.
And having said that?
Well, just consider the overall situation were America's Cleaning Company currently an NCM component.
And we were on our way. An interim High of $0.2851 achieved. The buy-side strength still, very much, in evidence at the time. When the twisting of reality hit at its hardest.
The underlying venue being the sole problem. The open door to manipulation.
And the 'three of four' reality recalled…
"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"
"Yes. We have a meeting Thursday with NASDAQ. As you know, NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
And as of June 8th/9th. The two days of the NFE Conference. Almost two months ago.
Achieving the senior listing being paramount. Bringing in the big money en masse. With said money flowing currently in but via understandable small bites. Given overall circumstance. Parties champing at that proverbial bit to get past the tentative. To jump in in full.
The underlying venue being the sole problem. The open door to manipulation.
Upstairs, we're talking about a fitting valuation. Effect of initial earnings multiple and all. The rest of it.
And, so, a coming Authorized count of 900m common shares. And more stock held in private and public hands than the issuing company has Authorized?
Target? Timing? Intent to expose? Clearly demonstrating the reality to both the DTCC and SEC?
None of it amounting to a difficult read. Even though the referenced PR didn't directly address the phantom shares situation. The intent to fully leverage criminal behaviors. And soon.
The time will come for the appropriate PR. Once the trap is set in full. The August/September timeframe as talked about.
And today?
Upstairs having collapsed early with America's Cleaning Company trading in like. Precisely in line with. Followed by recovery. Up until, that is, later in the session when a party/parties decided to exit. And may he/she/they succeed elsewhere.
Weak hands out. Stronger hands in. All to the good. Big picture.
Management being on a mission. To fully leverage criminal behaviors. To achieve the needed senior listing. That which makes all the difference. The shareholder respectful.
It being simply a sad fact of life that there are those among us proceeding in ways that hurt the innocent. Caring not so much as even a whit for those caught up in the miscreancy/criminality. The likelihood being that the short and distort routine did directly involve the parties behind the phantom shares position. And does continue to do so. Minions still hard at work.
The stated common share targets of 900m and 500m instilling additional fear. Spurring action. Working in vain.
The next four to five weeks to be interesting and then some. The trap set in full. Fun and profit.
The current lack of senior listing status representing the primary barrier to America's Cleaning Company achieving its full potential. Long-term success. Big monies and all.
A management team getting the job done.
A team to be truly proud of.
Holding tight for extremely good reason.
The next four to five weeks.
Massive ROI in the making.
Thank you to all.
Z4…
Thank you.
And yes. It's interesting. But I wouldn't read too much into any of it. A lot of variables involved. One proprietary trading system versus another. So on. Impossible to fully reconcile the goings-on. The bottom line being that the short and distort routine, the fallout, has washed through. Back to favorable dynamics in the overall. Back to the longer-term trend reality. That which simply fits. The big picture. The next four to five weeks poised to prove up hugely. Market level and all. Fun and profit. The time of the faithful longs. Management on a mission.
And thanks again.
PM's, et al….
Thank you.
And a need, as always, of focusing on the best and forgetting the rest.
Management having painted the necessary picture. That it's time, in the absolute, to seriously advance market level. In line with the rapidly approaching August/September timeframe. Favorable share structure adjustments. The move upstairs. Senior listing reality. The point at which the big money floods in en masse. Massive influx. In line with completed due diligence, etc. Audited numbers. Those which we all anxiously await the arrival of. With, again, a need of remaining focused on forward periods' detail. That which drives, always, the serious buy-side.
And we reasoned as called for. That the marketing/branding as 'The Smarter Sponge' would see a major impact. The July detail. And only the beginning. The initiative just getting underway. The August detail to be additionally telling. And on to the full fiscal '10 marketing budget increase to the $20m area. The big picture shaping up nicely. And then some.
Gross revenues numbers seriously accreting. Month-over-month reality. Gross margins anticipated to additionally accrete. Synergies. Economies of scale. The cash flows situation being an easy enough read. Cash flows from ongoing operations. The forward periods' picture spelling out the reality. That which the big money sees more clearly with every passing day.
At market level, currently, we have a gross undervaluation situation. Company true value circumstance. Combination of current and future value. A situation that management is, very much, on a mission regarding. The August/September timeframe rapidly approaching. And those who haven't, as yet, made the connection? Well, they very soon will.
The view from the inside.
To smile about and then some.
Wadi…
Thank you.
And yes. The Dicon factor is most definitely huge. Far more reason than one. And as for margins? Gross? Net? We await the latest audited detail. The opportunity to do some reliable number crunching. To see the period-over-period reality for ourselves. Speculation sidelined.
And as for open Sell orders? My personal holdings? Affirmative. Open orders. Massive ROI potential.
And a full reconciling? Across-the-board?
Would be interesting for sure. Though we already know about our 'entrenched' friend. The reality. Just the precise detail being unknown. Actual 'share' count. But not for much longer. The August/September timeframe on the way. Management on a mission. Upstairs beckoning.
Where America's Cleaning Company simply belongs.
Distilled down to its most basic.
Jeff…
Affirmative.
The outstanding FTD's and our 'entrenched' friend. One forced buy-in followed by another. The significant. The massive. The shorts having screwed themselves. Having targeted the entirely wrong management team.
And who'd a thunk?
The balance of our trading week to be all about continued green.
Continued PR parade. Bombs and all. Management getting on with getting on. The bringing of value. The seriously tangible variety.
And who'd a thunk indeed?
The next four to five weeks poised to prove up hugely as talked about.
Fun and profit.
The time of the faithful longs.
Thank you to all.
PM's, et al….
Doing just fine, thank you. Me and mine. Having just returned from a little backcountry outing. A little well-deserved R&R. Good for the body. Good for the mind. Good for the soul. Most enjoyable.
As for our budding empire?
Increased my overall position this day by 13%. And based on that which I was anxiously awaiting the arrival of i.e., the July detail.
And…
'SPNG … is pleased to announced that the Company has booked a record month in new orders at approximately $23.5 million, surpassing June's orders of $18 million.
The coming audited numbers will facilitate much. No argument. Inclusive of completion of called-for due diligence at the institutional level. Inclusive of telling Accounts Receivable detail. Actual cash flowing in. Etc.
And recalling…
'Accounts receivable have been adjusted for all known uncollectible accounts. As of February 28, 2009 and May 31, 2008 there were no doubtful accounts.'
And all to the good. But with confirmation required. A need of knowing that sales are readily converting to cash. An acceptable A/R turnover rate at the very least. And, certainly, the extending of credit is understandable given the extremely rapid pace of growth/expansion. The newness of operational focus i.e., product development. The recent refocusing.
And, so, it all does fit. Inclusive of the all-cash Dicon acquisition. Wholly owned subsidiary reality. Inclusive of the open market buyback increase. Inclusive of favorable share structure adjustments intent. The recently PR'd detail. With telling filing detail to come.
And recalling…
(Mr. Metter)
'We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.'
The cash flow picture being not a difficult read in the overall. The big picture. But with an understandable need of confirmation. The formalized.
And the July detail?
The coming audited numbers will be a telling read in the absolute. No argument. Spelling out much. But representing, very largely, historical detail. The past. And that which feeds the proverbial bull dog? The future. Not the past. Not the present. Forward periods' detail being what it's all about. Future earnings. Projections. Guidance. That which always drives the buy-side. Institutional level interest and all.
The July detail having smilingly arrived. An approx. 31% gross revenues increase over June's record. Month-over-month. Increasing rate. Wholly to smile about. The telling impact of marketing/branding as... The Smarter Sponge. That which we, very much, anticipated. Smart indeed. A management team to be truly proud of.
And, so, two primary considerations:
1_
Mounting sales. Gross revenues reality. Month-over-month. Increasing rate.
2_
Sales readily converting to cash. Acceptable A/R turnover rate. Strong positive cash flows from ongoing operations.
The first being clearly evident. The second being no less so as outlined above. The circumstantial. The obvious availability of significant cash in the absence of equity application. Cash from ongoing operations. It not taking a rocket scientist to figure that, at the current cost of admission, an investment in America's Cleaning Company amounts to the no-brainer of the century. And, sure, there was opportunity, earlier, to add at a lower level(s). But with a need of the July detail as talked about. Smart investing. Risk/reward. Proceeding intelligently.
The big picture continuing to shape up ever so nicely. Budding empire. Massive ROI in the making. The Reuters folks having called it right. Rating of Outperform. Top 30%. Institutional level interest/involvement understandably increasing. With the best, by far, yet to come.
The Smarter Sponge.
A management team to be truly proud of.
The early August detail to be soon with us. Continued telling detail. The big picture.
And yes. The SR (Short Restriction) being still in place. The outstanding FTD's, as yet, unresolved. The involved parties sending out their minions to do their bidding. As twisted as all of such is. And an uphill battle they laughably fight. And who among the faithful longs isn't loving it?
Our having seen a huge number of the day traders out and gone as of the 27th and 28th. As talked about. Daily average volume having understandably dropped off since. The shorts laughably hopeful of that which has no chance. The longer-term trend firmly reestablished. Management on a mission to bring about a permanent end to being ridiculously grossly undervalued.
The no-brainer of the century.
Sales mounting. Cash flowing in.
The sore thumb obvious with August upon us.
And Mr. Moskowitz from the NFE Conference...
"Last year we did $5.2m. This year we'll do over $40m. We should keep up with that same growth pace over the next three to five years as the products start coming out. Basically, we have about twenty-five products now. We should have one hundred by the end of 2011. The better products are still yet to come. Because we wanted to make sure, before we got into the cleaning of the kitchen and the bath ... we tested it out in cars and we tested it out on dogs before we started dealing with human beings and people in the house. So now that we know that the product works we'll be able to add it to pretty much any item in your house. Whether it be glass cleaners or cleaning the carpet or doing the dishes or doing tables. You know, mopping the floor. Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be."
The best, by far, yet to come.
Market level poised to soar.
New monies. Big money.
Budding empire.
Massive ROI in the making.
Holding understandably tight.
And all the best to all.
And thanks again.
Dwang,
I'm no longer persona non grata?
And absolutely.
And recalling...
"Adding to the upside momentum as management turns up the heat. Material company events relating to new SKU's ready for shipment, etc."
"And then factoring in additional SKU's coming on line. About to be released."
"The additional SKU's that we were told would be soon coming to market."
"Our having been already informed of the upcoming SKU's."
In the absolute.
New SKU's being announced.
Huge indeed.
And soon.
Thank you to all.
John, et al....
In early June we climbed in line with a minimum of shorting activity going on. A minimum of day trading activity going on. Minimum of market maker manipulation. And yesterday we bid a welcome goodbye as talked about. Today's session seeing, as anticipated, an opening gap up of from $0.1559 to $0.1609.
An interim High of $0.1650 achieved.
The session maintaining well through toward the midway point. When, what remained of the day trading contingent, unloaded. With, understandably, by no means the force of yesterday's goings-on.
And the associated trading stats.:
1_
The mid-session drop to $0.1510…
[ Date / Time / Volume / Open / Close / High / Low ]
07/28/09,10:22,103T,0.1577,0.1575,0.1579,0.1574
07/28/09,10:23,244T,0.1572,0.1572,0.1575,0.1572
07/28/09,10:24,255T,0.1575,0.1575,0.1575,0.1572
07/28/09,10:25,210T,0.1572,0.1575,0.1575,0.1572
07/28/09,10:26,186T,0.1572,0.1571,0.1572,0.1571
07/28/09,10:27,114T,0.1574,0.1570,0.1575,0.1570
07/28/09,10:28,51T,0.1571,0.1560,0.1571,0.1560
07/28/09,10:29,231T,0.1560,0.1550,0.1560,0.1550
07/28/09,10:30,480T,0.1551,0.1543,0.1552,0.1520
07/28/09,10:31,855T,0.1543,0.1511,0.1550,0.1511
07/28/09,10:32,201T,0.1511,0.1506,0.1512,0.1505
07/28/09,10:33,269T,0.1507,0.1507,0.1510,0.1506
07/28/09,10:34,279T,0.1510,0.1508,0.1510,0.1507
07/28/09,10:35,283T,0.1508,0.1508,0.1510,0.1507
2_
The drop, shortly thereafter, to $0.1400…
[ Date / Time / Volume / Open / Close / High / Low ]
07/28/09,10:45,443T,0.1512,0.1510,0.1512,0.1505
07/28/09,10:46,94T,0.1511,0.1510,0.1511,0.1510
07/28/09,10:47,262T,0.1509,0.1508,0.1509,0.1508
07/28/09,10:48,129T,0.1508,0.1508,0.1509,0.1508
07/28/09,10:49,340T,0.1509,0.1501,0.1509,0.1501
07/28/09,10:50,1.0M,0.1501,0.1501,0.1508,0.1500
07/28/09,10:51,278T,0.1505,0.1501,0.1505,0.1500
07/28/09,10:52,590T,0.1501,0.1490,0.1504,0.1490
07/28/09,10:53,1.0M,0.1501,0.1480,0.1501,0.1471
07/28/09,10:54,946T,0.1480,0.1461,0.1480,0.1460
07/28/09,10:55,978T,0.1460,0.1450,0.1460,0.1441
07/28/09,10:56,638T,0.1440,0.1410,0.1470,0.1410
07/28/09,10:57,2.1M,0.1415,0.1401,0.1415,0.1401
07/28/09,10:58,2.3M,0.1400,0.1402,0.1410,0.1400
More of the day traders out and gone.
And for the more observant, once again?
Well, noticing the parallel between yesterday's session and today's as regards the massive exiting. The price points at which said exiting kicked in. The price points at which recovery kicked in. The pattern in general.
Seen here…
(5-Day chart)
http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=1&showchartbt=Redraw+chart&compsyms=&D4=1&DD=1&D5=0&DCS=2&CF=1&D7=&D6=&symbol=SPNG&nocookie=1&SZ=0
Two sessions and very distinctive mass exiting. Massive volume reality.
None of it amounting to rocket science.
Day traders out and gone in very large part. Upside barrier removed. No hope of loading up as previously.
The stage being set ideally. Favorable dynamics.
And it's understandable given recent capitulation. Loading up at lowest possible cost and exiting thereafter. Massive associated volume. With the SR (Short Restriction) being still in place. Certain pained parties ever-hopeful. Hoping in vain.
The unleashing of a bomb of a PR, or two, as of our coming Open would be a hugely smart idea. Smart idea and then some. Ideal timing.
And we shall see.
Our latest two sessions seeing a barrier removed with the understandable accumulation continuing. Management being on an obvious mission to see market level significantly advance. Favorable share structure adjustments and all.
And recalling…
(Mr. Moskowitz from the NFE Conference)
"That was one of the things that really helped our stock price going up in the last month. By doing the buyback."
With, this time, it being a matter of both the Outstanding count and the Authorized. And bearing in mind the big monies. That which continues to come in. That which represents a collective investment. The equity in question being not traded. Tightened tradable float circumstance. And would said monies be coming in were it a matter of a "scam" or ongoing abusive shorting activities?
Time to think?
The answers being always in the details.
Never any different.
Time for another bomb of a PR or two.
The day traders, being largely out and gone, speaking (ahem) volumes.
Management on a mission.
Massive ROI in the making.
Fred…
Much ado about nothing. A nonissue.
The type of abusive shorting we're talking about having ended long ago. In line with domestic regulatory changes. Adoptions and amendments, etc. Inclusive of with regard to international arbitrage activities.
Any/all abusive shorting activities once-associated with the Frankfurt Exchange having not taken place "on" said Exchange but, rather, 'via' said Exchange. A matter of acting as a conduit for abusive activities.
The SEC having stepped up to the plate as called for. FINRA additionally.
End of story.
And as for our 'entrenched' friend?
My vote says we'll be soon hearing about a domestic hedge fund having been in collusion with a certain and specific MM.
The time of the MOASS approaching.
Jason…
Cannot say.
What we can say is that the SR (Short Restriction) is still in place.
Closing/covering to come.
Outstanding FTD's cleared up.
And, no, our two latest sessions didn't much help, as you say. But another blessing in disguise situation. The upside path cleared.
And yes. Day traders and swing traders technically.
Time for another bomb, or two, of a PR.
The understandable accumulation continuing.
Management on a mission.
August approaching.
Lake…
No.
The trademark MM collars and leashes routine being associated with minimalist volume. Not massive volume.
And all the best.
To all.
Thank you to all.
Jeff/CM…
The abusive shorting activities having ceased long ago. Last year. Different regulatory environment in place. We had our early June run-up and we have our current such. Current run-up from capitulation. The situation speaking for itself. Regulatory amendments, etc. aside. With there being a very significant difference between abusive shorting and legitimate market making activities of the naked variety.
The Reg. SHO flagging being not rocket science.
Our having capitulation as of the 14th. Low of $0.0785. Our current run-up from that point forward. The shorts unable to close/cover as desired.
The Reg. SHO flagging being not rocket science.
As plain and simple as one can make it.
With, as of this writing, the SR (Short Restriction) being still in place.
Our latest session being huge for us. The faithful longs. As talked about. The day traders largely out and gone. No opportunity to load up as previously. Capitulation. A thing of the past. The upside opened up as previously. Early June. With ongoing massive accumulation in understandable evidence. A breakout in the making. A truly awesome session is what we're talking about. Just what the faithful longs wanted/needed. Just what the inside wanted/needed.
T'was truly huge. Totally to smile about.
The upside being now wide open. Just as in early June. With no chance of a short and distort repeat. None. Zip. Zilch. Nada. Simply cannot happen. The faithful longs having won. The inside having won. Management on a mission to advance market level in line with the big picture. The setting of the stage in full. Leveraging our 'entrenched' friend. To the max.
Market level is going nowhere but up. No looking back. Favorable dynamics fully restored. Longer-term trend fully reestablished. The upside momentum strengthening.
Accumulation to breakout situation.
And our latest session in the absence of the day trading hordes?
And need I say it?
Holding tight.
Peter…
Thank you.
And yes. A significant volume of 'T' trades overall.
As for how/why?
Any of a variety of reasons. From out of sequence trades to late prints to negotiated trades to broker-based manipulation.
And recalling…
(July 22)
'SPNG … today announced that its Board of Directors has authorized an increase in its stock repurchase program from 100 million to a maximum of 150 million common shares. … The repurchase program authorizes management and its affiliates, at its discretion, to repurchase shares from time to time, in the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements, and subject to market conditions and other factors.'
'to repurchase shares from time to time, in the open market or in privately negotiated transactions'
[ privately negotiated transactions ]
Buyback to a maximum of 150m.
Buy-side large Block activity can be expected to increase in line with increasing pps circumstance. The big money entering at an ever-increasing rate. The reasoning being obvious.
The upside, as talked about, being now wide open. Major barrier largely removed. Day traders out and gone.
Market level poised to soar. As previously. Session-over-session. Our registered MM's ready to play nice once again. Hard-fought battle won.
The time of the faithful longs having arrived.
Smile time.
And thanks again.
V...
Thank you.
And absolutely.
The continuing strong upside is a given at this point. Our latest session totally to smile about. Having broken largely free of the clutches of the day traders. As previously. Routinely breaking resistance being readily achieved in the absence of said parties. Accumulation to breakout situation. Continuing to build toward.
Back to the $0.25 area and far beyond.
Management being on a mission.
A green such.
The big picture.
Izzy...
Thank you.
My always aiming to please.
And peace indeed.
All the best.
Kij...
The subconscious?
The time of the faithful longs having arrived.
Holding tight.
Thank you.
Alex…
The graphical you reference is skewed. Courtesy of an anomalous trade. The valid signaling being strongly to the continued upside.
Jim...
For those sufficiently observant?
Well, a little something coincidental. The fact, that is, of today's overall trading pattern very largely mimicking the pattern from early June to date. In today's trading pattern can be readily seen the early June run-up, followed by 'black' Friday and the following Monday, followed by the climb back. To our latest interim High.
The general pattern…
http://www.nasdaq.com/aspx/chartingbasics.aspx?intraday=on&timeframe=intra&charttype=ohlc&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off&symbol=SPNG&selected=SPNG
And coincidental to say the least.
MBA…
"Why is it. Guys like you. Have a problem with."... reality?
(July 25)
"Count me firmly in the camp of those who are convinced that SPNG is diluting shareholders into oblivion right now and that the key employees are biding their time till SPNG gets to a high enough level so they can sell their shares and head for the exits."
And all the best.
Of course.
Tim…
Thank you.
I'm pleased that yourself and others find value.
Kelly, et al….
We called it right. Inclusive of the SR (Short Restriction) being put in place. Inclusive of a bomb of a PR arriving. Management cementing the reality. The overriding message. Time to get serious about pps advancement. The $4.00 plan considerations. Higher launch base. Our latest formal word serving to ever-so-deliciously kick the company's greatest detractors squarely in the teeth. Yet another last laugh for the faithful longs. And relishing it indeed.
All of it.
And let's take a look-see at a few of today's trading stats. From the point at which we hit our $0.1588 High.
And...
[ Date / Time / Volume / Open / Close / High / Low ]
07/27/09,08:35,896T,0.1580,0.1588,0.1588,0.1579
07/27/09,08:36,401T,0.1588,0.1587,0.1588,0.1587
07/27/09,08:37,2.4M,0.1588,0.1588,0.1588,0.1580
07/27/09,08:38,807T,0.1580,0.1581,0.1588,0.1570
07/27/09,08:39,1.3M,0.1580,0.1580,0.1585,0.1570
07/27/09,08:40,1.3M,0.1581,0.1565,0.1581,0.1550
07/27/09,08:41,929T,0.1550,0.1550,0.1570,0.1545
07/27/09,08:42,681T,0.1545,0.1521,0.1547,0.1520
07/27/09,08:43,1.6M,0.1521,0.1511,0.1530,0.1511
07/27/09,08:44,2.1M,0.1515,0.1500,0.1515,0.1490
07/27/09,08:45,1.3M,0.1500,0.1500,0.1505,0.1490
07/27/09,08:46,1.1M,0.1500,0.1500,0.1501,0.1500
07/27/09,08:47,723T,0.1500,0.1500,0.1501,0.1500
07/27/09,08:48,969T,0.1501,0.1501,0.1501,0.1500
07/27/09,08:49,1.2M,0.1501,0.1500,0.1501,0.1500
Some of the large Block sell-side activity that served to temporarily tank the proceedings. With a virtual full recovery by the end of the session. An understandable strong Close once again. The balance of our trading week to be as talked about. To reflect today's formal word and a lot additional. Wholly to smile about.
Green and more green.
The building toward a truly massive ROI.
Senior listing.
Long-term success.
The PR parade to continue. Bombs and all.
Another opening gap up to come. Continued understandable accumulation. New and welcome monies and all. And today we came close to achieving breakout. But some, among us, who loaded up at recent Lows decided to, thankfully, massively exit. As seen above. And with no more an opportunity to so load up?
Well, none of it being rocket science.
Today was truly awesome. The above-referenced graphical coincidence being, in fact, far more than mere coincidence. The sending of a message is what it amounts to.
Today we saw massive volume. No shortage, of which, associated with certain parties exiting. Certain parties known as day traders. Market level temporarily tanking. Continued upside barrier largely removed. Opening the proceedings up to achieving breakout.
Today the faithful longs having largely rid themselves of the wholly unwelcome. As seen in the presented trading stats. above. With a tellingly strong Close. And the higher we climb? The fewer the day traders among us. As previously. Early June reality. Opening up the upside. Continuation.
Breakout city!
Today being awesome in more ways than one. The stage setting up ideally.
Solid week of green ahead.
The continued upside wide open.
Management being on a mission to far greater things. The MOASS. The achieving of a senior listing. Long-term success.
Today being indeed awesome. The upside potential magnified as previously. Barrier largely removed. Day traders out with no hope of reloading as previously. Market level closing strong. Continued understandable accumulation. Accumulation to breakout.
Management being on a mission. Having laughably kicked the company's greatest detractors squarely in the teeth.
And relishing it indeed.
All of it.
The bringing of value.
What it's all about.
Today being a major market level achievement for the faithful longs. Favorable dynamics vaulted to a whole 'nother level. The elimination of a significant barrier to breakout. Day traders largely out and gone. No hope, whatsoever, of reloading as previously.
The upside wide open. The continuation.
Gaining momentum.
Solid green.
Continued understandable accumulation.
The prospect of a breakout looming large.
The early June proceedings reflecting the reality. Until the twisting of that reality. And we said it would come. A return to that which simply fits.
And indeed.
The stage set for fun and profit from here on out.
Management being on a mission.
The bringing of value.
The seriously tangible variety.
Relishing it indeed.
All of it.
Onward and upward.
Thank you.
Jason…
Not a problem.
Consider it done.
Lisa, et al.…
One needs to look at the situation through management's eyes. From management's perspective. The view from the inside.
And sure. There are those who just don't get it. And possibly, won't, until the last minute.
And so be it.
The OTC plays host to no shortage of startup/development stage companies forced, by circumstance, to apply equity ongoingly and massively. The type of proceedings that invite abusive behaviors. MMM and such. A form of self-defeat. America's Cleaning Company being a different story. Inclusive of being well on its way to achieving fully operating status. Complete with the Reuters rating of Outperform. Top 30%. Already garnering institutional level interest. Big monies coming in. The start of the flood to come.
The phantom shares bit of business relating to last year. Prior to the current regulatory environment being fully in place. A time when regulatory laxness prevailed. Massive negligence. Management having PR'd their collective associated concerns a number of times. Intent to deal with the situation. To leverage. To enhance shareholder value. The phantom shares position coming as nothing new to the vast majority of the involved/to-be-involved. And neither the intent to leverage same to the max. And soon.
And, therein, we have what it is you collectively reference.
It's not just about fundamentals and operations. It's about leveraging criminal behaviors. About not tolerating egregious abuse. Not to mention unmitigated gall. And my personal take? At this juncture?
That the phantom shares position, in full, was created domestically last year. Regulatory laxness advantaged. A situation no longer possible today. An end to said laxness at long last. Negligence no more. And when the SEC did finally grab a brain? Getting tough? Well, it's my personal perspective that the involved parties successfully sought DTCC permission to take the accumulated FTD's ex-clearing. And in those private accounts the whole of the position sits today. Waiting for management to expose the reality to the DTCC and SEC. Thereafter forcing a massive buy-in. Leveraging to the max.
The criminals, we speak of, hosting gall enough to have contacted management. The situation confirmed by a fellow poster we can trust. In a brazen attempt to 'legitimize' their abusive activities. And management rightly refused the (ahem) kind overture. And in no uncertain terms as we've heard.
And how about recently? The short and distort goings-on? How did management proceed? How did they fight back? And in the best way possible. Advantaging/leveraging the situation. Laughably turning the tables. Tightening tradable float circumstance. Personal holdings advanced. Restricted holdings.
We are, in the absolute, in the best of all possible hands.
Capable, competent such.
The shareholder respectful.
Our coming trading week poised to see solid green. Opening gap ups and all. No looking back. The message being out there. The near-term short squeeze opportunity and the MOASS in a few weeks.
Back to the $0.25 area and far beyond in the near-term.
The $4.00 plan to follow.
What it's all about in the absolute.
Back to favorable dynamics. The longer-term trend firmly reestablished. The truth having emerged.
America's Cleaning Company
Reuters rating of Outperform. Top 30%. Worthwhile analysts at work. Analysts having assessed more public companies than one can reasonably shake a stick at. With the fiscal '09 numbers on the way. The audited. The July and August detail additionally. Forward periods' expectations additionally. Projections and guidance. Opportunity for worthwhile analysts, from a variety of top-tier ratings services, to complete called-for due diligence. The point at which institutional level interest sends market level into orbit. Big monies flooding in.
And recalling...
(July 20)
'SPNG … is pleased to announce that its Chief Executive Officer, Chief Operating Officer and Board Members have been purchasing SpongeTech®’s common shares in the open market. Together the team has purchased approximately 18.2 million (eighteen million two hundred thousand) shares of the 722.86 millions shares issued and outstanding as reported in the Company's 3rd Quarter 2009 filing.'
And would such be happening were the view from the inside anything other than that to, very much, smile about?
And continuing...
'The purchasing of the Company's stock in the open market reflects the management's confidence in the Company's long-term prospects.'
And...
(July 22)
'SPNG … today announced that its Board of Directors has authorized an increase in its stock repurchase program from 100 million to a maximum of 150 million common shares.'
Management having made it abundantly clear that it's time to seriously advance market level. In line with the big picture. The overriding message. And there's a short squeeze opportunity just arisen. And does it make sense that management would squander that opportunity?
Even remotely?
What we can expect is for our coming session to see the serious upside right out of the gate. Massive volume and all. Opportunity for insiders and others to load up at lowest possible cost. Opportunity to buyback at lowest possible cost. Opportunity to unleash a bomb or two of a PR. Squeezing deserving parties.
A grand slam.
Because, as we've said, there's going to be no looking back.
A week of solid green.
August on the way.
It's time to light a fire under market level. The overriding message. To get serious. The inside being well aware of the favorable dynamics situation. The reestablished trend. Being not about to squander a huge opportunity.
The first round of squeezing.
Green and more green.
The beginning of the journey to a senior listing.
Thanks to all.
Drew...
Thank you for the reply.
And you're welcome.
Lex…
What, me worry?
And thanks.
Camp…
Please clarify your question.
Jeff…
Recalling a little something…
(Mr. Metter at the NFE Conference)
"We've grown with very little capital."
And from the July 9th PR...
'The Company has immediately picked up approximately $10 million in revenues and approximately $1.5 million in pre-tax earning from the acquisition. Dicon currently sells various products including private label brands for multiple industries through established channels of distribution in the U.S., including traditional food, drug and mass market stores such as CVS, Walgreens, Kmart and Wal-mart as well as direct sales to large commercial clients; all of which SpongeTech® intends to immediately utilize.'
[ all of which SpongeTech® intends to immediately utilize ]
We're talking about truly smart people. Successful people. Not just promoters but the 'down in the trenches' types. Getting the job done. Our being in the best of all possible hands.
The issuing company simply belongs upstairs. As earlier talked about. Only pps circumstance standing in the way. And that particular hurdle is going to be readily (ahem) cleared. The shareholder respectful way.
We need view the big picture. The one frequently spoken of. The one factoring out both criminal behaviors and miscreant such.
Where would market level currently be in the absence of manipulative behaviors in full?
Management wasn't happy about market level being held down last year. The ongoing egregious abuse. And having advantaged the latest manipulation. The short and distort goings-on. Having loaded up at lowest possible cost. Personal holdings situation.
A need of seeing the reality. The manipulation. The picture in the absence of such. All of.
Favorable dynamics are back. The battle won. The shorts laughably forced to FTD. Hoping, in vain, for the near-term serious downside. The laughable indeed. The squeeze play situation poised to achieve nothing but the steady hitting of the Inside Ask. Monies continuing to pour understandably in. The shorts forced to cover. To lock-in significant collective loss. As continued stubbornness is only going to see paper losses mounting. Beyond all reason.
We have what we have. Favorable dynamics restored. Strong trend reversal. That which simply fits. The inside adamant about a permanent end to being grossly undervalued. PR parade continuing.
Ramping up.
Bombs and all.
The shorts having had their day. Lies and deceit/distortion routine. And, so, to Hell with them. May they rot.
I have no argument with the legitimate. A far different story regarding self-serving manipulation. My being cut from a certain and specific cloth. A worthy such. Being not the type to self-servingly hurt the innocent. Ill-gotten gain. And, certainly, the flighty world of equities is what it is. Risk/reward always. But a big difference between the legitimate and the far from.
And, so, in short…
The shorts are screwed!
Market level is going nowhere but up.
Relishing indeed.
Strong…
Thank you.
And $0.25 to $0.30 this trading week? The likelihood?
Entirely likely. The upside momentum gaining strength. The associated reasoning discussed at length. That which simply fits.
As for the August/September timeframe? The $0.50 to $0.70 area?
And possibly in advance of $1.00.
Mid-June, after all, saw an interim High of $0.2851.
And recalling…
(Mr. Moskowitz from the NFE Conference)
"That was one of the things that really helped our stock price going up in the last month. By doing the buyback."
And with all buyback activity completed? Close thereto? Cancelations? Open market purchases for personal accounts?
The $1.00 area being entirely realistic.
Fitting valuation.
And you're welcome.
Peter…
Yes.
The phantom shares position I'm convinced of. Empirically, a matter of the 200m area. The rest of the story, so far, unsubstantiated. And the reality? Could be toward 800m 'shares'.
Squeeze play bliss.
And, particularly, from a launch base of $0.50 to $1.00.
And, yes, again. Agreement in full.
The open market buyback scheduled to expire on September 5, 2009. The RM Enterprises holdings situation to be completed by late August. Mr. Moskowitz, last month, having confirmed the situation for us.
As for exposing the criminality? Getting on with actual squeezing?
Well, again, we have a matter of many months having passed.
(Mr. Metter)
'The Company believes that the stock is being artificially manipulated and as such is currently examining several options that can be employed for the purpose of enhancing shareholder value.'
[ is currently examining several options ]
From months ago.
Once the stage is set in full? Noose fully tightened?
It'll be "Go!" time with precious little doubt.
The target of $500m plus in annual gross revenues calling for a senior listing.
(Mr. Metter)
"The time has come for us to move off the Bulletin Board."
Three of four to date. Only pps circumstance standing in the way. Nothing else.
Just a matter of continuing to hold tight.
And thanks again.
Drew,
I'm not interested in getting into a pissing contest with yourself or any other(s).
We're here for the money.
I can always be expected to fully support my own investing/trading interest in the absence of inarguable reason to do otherwise.
As for any/all prognostications on my part?
Firstly, feel free to provide the involved specifics. Baseless blanket statements saying little.
Secondly, any such, on my part, being in line with reality. In line with overall circumstance. That which fits. The technical inclusive. Grapevine circumstance inclusive.
As for the phantom shares position?
And did the early June run-up speak to ongoing massive abuse? How about currently?
I'm of the empirical stance. As talked about. That which fits. The observable. And when the irrefutable arrived? Via the private side? I reasoned as I did. The 'entrenched'.
And there I'll leave it but for a little something additional...
"I think we may see .16 monday... or more... where will the shares come from?"
Thanking you and congratulating you, again, on the recent engagement.
May the coming union be a blessed one.
All the best.
Z4…
It's interesting for sure. Calling for much speculation.
And as for "who facilitated them"?
The involved clearing agency being one such entity. One that would be on the hook as far as eventual covering is concerned. With our not knowing about the offshore angle. Whether we're talking about a possible hedge fund or a foreign-based broker or other such. Just what the status of naked shorting goings-on, in a foreign jurisdiction, might be. Or whether domestic is what we're talking about. The whole of it.
We simply don't know just how the position was created nor how it's being hidden. And is it a matter of ex-clearing goings-on?
And, certainly, management can expose the criminality. At significant cost. Time invested. Being up against all the entities involved in the entirety of the process. Creation through hiding. A big job but well worth it.
As for a "last attempt to keep us down"?
Fits in the absolute. No argument. But with also a need of bearing in mind that the point of $0.2851 was an opportunity for opportunists in general. Miscreants anywhere and everywhere.
There being no argument, on my part, with your thinking in general. None.
And what does management think?
Well, they're busy tightening the noose. Setting the stage. A little something being timed for the August/September timeframe. And what associated detail have they managed to gather to date? Been many months, after all, since...
'The Company believes that the stock is being artificially manipulated and as such is currently examining several options that can be employed for the purpose of enhancing shareholder value.'
And, lastly, we need also consider the possibility that at least some covering has already been initiated. In line with recent market level goings-on.
And, so, much to consider. No end of speculation invited.
And as for the current reality? Current run-up?
No stopping the train this time. An accumulation to breakout scenario being very real. Short covering and all. New and welcome monies coming in. Continued good word from the inside. Sparks/catalysts. The welcome rest of it.
Back to the $0.25 area and far beyond.
Management hard at work tightening the noose.
Just a few more weeks.
And if the referenced criminals want to join the party, in full, in the mean time?
Well, who among the faithful longs will be arguing?
Management knowing well what it is they do.
Our being in good hands.
Capable, competent such.
The shareholder respectful.