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ALL OTC counters have stopped trading. Some changes by finra maybe
wtf... Drop even more.!
Anyone thing it will keep dropping?
Coz now i m real pissed with SPNG. Made me lose out in my MGM bull run.
And whats up with the large spread on BEHL?? MM making so much money.
Why is it red after they filed the statement? Is it something bad?
. .. stupid spng. DOwn again>...
what is going to happen after the reverse split?? It becomes $10 and ? Usualy ppl will short it right? I dunno man.
Why is the company selling shares at par value? Cant it wait till it goes up?
When is the financials going to be out??
SPNG is bleeding... I want to buy shares after the 22nd september. Sit tight, SPNG will be big soon.
I picked up quite a number at 0.495.
It looks like there are more buyers than sellers, and I got a feeling that it is the MMs who are shorting this stock..... Damn them.
okay after 10minutes, I got my share at 0.05. Guess i m tied to behl now.
But it shows that most of the shareholders are not selling their shares... So it is really the MMs game for behl.
Hopefully they will start pumping it upwards.
... stupid spng. THere she continues her down fall....
I sold mine, and will be buying back when it drops real low....
Stupid CEO, haven't release 10k...
I just placed a buy order at the ask 0.05.
It hasnt filled for 5 minutes....
No wonder this stock moves so slowly. COz it's not liquid yet. Let's see when I will get it.
Yea, even though aig had bad downgrade, the institutions are still holding their shares.
I guess, they are betting that AIG will be successful by next year.
And that this is really a low price to pay for it.
Counting that the US government equity investment on AIG is 40bln for its 80% worth of equity, I dun think the government is going to lose those $40bln away...
They will make sure AIG grow to $50bln so that they can break even.
So I foresee a very strong outlook for AIG, where it will be aided by government so that it will grow to a $50bln market cap company.
This means the stock should be worth $200 in the next 3 years.
That is the real value of AIG. ANd thus I think the downgrade are just thinking of present condition of AIG, and that is not a good way to go. We have to think of the potential that AIG has too.
Short term trading, this may go up to $70 or even $100 by october.
I dunno wat the hell the boss is doing... I have been a long term supporter for SPNG. But now his authorised shares are just too high!
If he reduced it to 10mln shares, then I will buy in.
But he wants it at 300mln authorised!!! What is his plan?
To reverse split, and then split it back??????
I dunno, but I think this may correct again. I think for safety, I will take my cash out of this for now.
I will be back when SPNG has splited. After they become a $5 stock. and before they enter nasdaq.
using technical trading, this should hit $2.75
Valuation of company if no buyout.
Let's stop the buyout thing and concentrate on their 1mln revenue per month, giving a annual 12mln revenue.
We assume 7bln OS
12mln/7bln = $0.0017
So we just assume the lowest P/R in the industry standard which is 2X
This stock is worth $0.0017X2=$0.0034
Now if we give the industry average for normal stock, it's 3X which gives $0.0017X3= $0.0051
And in the next 6 months, they plan to generate 2mln a month. So they are increasing sales by 2 times.
Now you know why someone wants to buy this for 1.9cts???
Coz this stock is certainly worth it.
Furthermore, the product that it owns is really good. And there will be other companies who will want to buy this.
FACEBOOK is worth $BLNs...
This is worth $100mln only!
Even if this stock is not sold, the valuation allows the price to move upwards to at least $0.008
It wont be long before we really see 1ct guys. All those who want to make a quick gain, you will be disappointed and you should sell your shares.
But all those who are in this for the long run, this is a 10X opportunity.
I am investing very little in this and I treat it as a long term investment.
Thus I have put a sell order for mine at 1.5cts. And I wont be looking at this stock.
But I do hope that a quick gain is possible too haha. So I can invest in other stocks like CTIC which is so low now... and FRE?
I duno bout FRE but it seems good too to trade tat is.
Indeed it's scary,
I am entering today. And I have set my target at $75. But I will start considering to sell above $45.
AIG ceo is good. That's why I trust AIG.
They are selling enough ASSETS and still have enough left to make AIG big.
So thumbs up.
I think this will double soon.
Housing prices are going up. SO is the general market.
insurance business will surely go up too.
300mln authorised is still abit too high dun u think?
Counting that the reverse split would convert all our shares to only 7mln shares.
Cmon METTER< wake up ur idea. You want 300mln shares and issue at $20 to make $6bln? lol.... Is SPNG going to be a super big company that it warrants $6bln?
I think Metter is doing this to lower the stock price and so they can complete their buyback which they have not finished doing so perhaps.
I was guessing $3 - 5
At least double. coz CTIC has no revenues now, and OPAXIO will be its first.
Is AIG still alife? Or is the company just interested in selling assets??
What is a fair price to enter now?
I am placing my buy order at $28. Will it drop to that?
is anyone going to sell on this next run up? What are your targets for SYMW?
Who thinks it can smash thru the resistance at 0.002?
I think the large AS is to allow for future splits. They want to split this to about 100mln shares.
A 5 for 1 forward split is rather common in penny land.
Realistic short squeeze is to 40cts. Just my take.
Then after that it will be a bull run to 70cts. And the most realistic target is $2 only when they have reduced the OS to 300mln and when they have introduce at least 2 more major products such as sponge mob and sponge sun lotion.
yea, that's why i guess they wont want that E to be placed next to their stock symbol.
I trust Spongetech management, and I think that they will post the 10k very soon. Maybe they were waiting for their last receivable so that they can show a really good 10k. Coz now there's an increase in the net profit by 1 mln, which means that they have an extra 5mln in receivable to get through in the next 15 days.
This should touch 35cts next week. Especially when the 10K will be released.
IF you see the SEC filings history, SPONGETECH has had filed for late filings before, one was for the 2/28/08 filing. And Spongetech filed the late notification. 5 days later the 10Q was out.
So now the late notification was filed on 1st sep, so expect the 10k around 5 days later, which could happen anytime next week.
yea, what I like about that photo is that it has DRYZ on it.
This more or less proves that SPONGETECH has acquired DRYZ as well which bashers were trying to hide it from us.
DRYZ is such a huge product being sold to so many boots and shoes.
Spongetech is going to grow real big.
I was about to sell my sponges, but i think I have thought twice, and I am gonna keep them.
My target is $5 in the long run.
But short term, I am gonna trade this. So I have set a sell of 50% of my spng shares at 0.35 and will buy back at 28cts.
This is going to be a good play.
Let's go spongetech.
I really cant wait for a short squeeze! Looks like it has started. But it is slow.
This consolidation at 20cts looks like it's ended and next week, we are going to see huge gains. Building up to that 10k report which all of us just cant seem to patiently wait.
And also DICON beautiful financials. Plus share buyback completion which will result in a blast to the MOON!
$5 is near, that is like a 25X up from this price. I will be so happy when that happens.
I sold at 0.0002, and I am regretting my decision. Looks like I will miss out the fun. Oh well, I might enter again on tuesday, Will just place an order at 0.0002, if its filled or not...
Hi, I don't understand the evolution Fuels financial statement.
I read their latest PRs, and one of them says EVFL has a net gained of 15mln, and the other PR showed that EVFL made only 190,000 profit.
So what is the real deal for EVFL??
I understand this is the lowest EVFL can go. Is this company good?
What are we waiting for?
Why did the price just fall like that? It seems so ridiculous
I am planning to buy soon. But when? Will this be stuck at par value for long?
i read the 8k of dicon purchase.
it says 70days from then, they need to release dicon financials.
go edgar n find the 8k
sell target short term=0.37
i think rhe 10k will be out tmr.
he did not request for an extension, so it should be punctual.
28 aug is good.
we shd be seeing dicon revenue too!
tmr cloe 24ts.
good luck longs
40cts few days after 10k
will stabilise 25cts
hmm, well Brian may be preparing for a good run so that this wont just be another pump and then dump. He wants a steady climb upwards.
yes, just what I am thinking also.
I hope all those who bought at the cheap prices have sold off.
We want to build a new base to go higher.
sorry, wats the meaning of MOASS? keep seeing it.
When is stockshaven interview?
I am very confident on SPNG.
It keeps delivering its promise.
Last year, they PRed that SPONGETECH will begin selling SPONGEBOB sponge at the retail stores at Q3. And indeed this is the 3rd quarter.
Now they promise a reduction in OS to 500mln. It will happen.
Viacom believes that Spongebob will rake in $20mln. Looks like it's gonna be more than that.
Now they are looking for a SUNTAN Lotion company to infuse their products into Spongetech sponges. (I hope it's Banana Boat)
They believe that 100,000 stores will be selling Spongetech sponges by year end. IN july that is already 40,000. Looks like SPongetech is going to deliever this as well.
I have just bought more SPONGES today at 14cts.
I will only sell it when they have announced the completion of share buyback.
I wont sell my 1million shares that I have accumulated though. Just selling those that I have bought today. Should be 35cts based on fibonacci calculation.
Need to break 0.002 to continue the rise upwards. Otherwise I am afraid this stock may tank.
Hopefully the stockshaven interview will be good.
When is the interview? It is not stated?
Most eagerly waiting for that today.
At least it is heartening that NITE is buying at 0.0019 And many ppl are dumping to NITE which is a big mistake as NITE is the AXE.
He is the KING of MMs.
I never sell on NITE's BID . I always sell when NITE bid is so low.
This happened to SPNG the previous time when it rose to 5cts from 3cts, But it still rose in the end.
So sit tight. Sell if u weak and happy with your profit.
Stay if you want more.
Trade if you are good and can spot all the weaknesses
I think SYMW will touch 0.003 soon.
I am buying more SPONGES today.
Is this support a good price?
I doubt that this will go down any more today, the fundamentals are just too powerful.
13mln sales to date!
They are on track for $20mln a month, this should be trading at $500mln market CAP. It's truly a big company. I cant believe it is trading at the same market CAP as SRSR which is just an exploration company.
We will see 35cts very soon.
There's nothing new in this news right??
Just an awareness PR perhaps?
We already know about the funding, if it's confirmed then it's good, but the PR just said it's planned.
The upgrade listing status sounds good.