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Drew: My personal view is that there is no float whatsoever, that we are all trading on air shares at this point, which will certinly make matters worse for NSS. In the example of monkeys and bananas a couple of days ago, where monkeys needed to come up with 10 bananas, but there was only 8. Here we have monkeys having to come up with 10 bananas, but there are none to be found -- or maybe a rotten one!!
TO no_BS and WADI: Another point. And settlement, if being $2 as proposed by Wadi or higher or lower, usually comes with no fault clauses, wherein NSS would not admit fault to anything, but settle any and all claims SPNG would have against thme. Sucky, IMO!!! After all this time for no harm, no fault!! I don't think so!!. And, that gets the SEC, FINRA, etc. off NSS backs, as SPNG would have let off NSS. A total bummer, IMO.
no_BS: Would you be able to comment on my Post#170905 and let me know what your opinion is, keeping in mind the there are ceretain specific posts daily which have at least me believe that some kind of MOASS will occur. A mere ss is different than a MOASS. And the spark/catalyst suggested might be a stk. div. This scenario certainly does not envision a mere $2 settlement with the offenders NSS, nor a price point by Doug above $25 as he posted in mid-July.
wadi: re: MOASS discussion. I've been gone all day, and got in the middle of this discussion. However, the $2 pps "settlement" with Hedges/brokers would basically leave us longs out in the cold as to what we have been discussing in certain specifc other posts the past 2 weeks. I think losts of longs would not be happy. Plus the "X" factor is doug's admittly more than $300+m shares -- which he has clearly stated he wants much more than $25/share. Thus, I do not see your option (c) as ever happening. I think it is more likely that the precipitating catalyst will be maybe a stk div. as has been suggested that mgmt. has considered. Doing what you suggest, goes against the 7/27 PR of 900/500. That the 2.7b A/S was a "pipeline" amount discussed a few days ago, which was being converted to the 900m, but that latter amt. was in "pipeline". When 10k. comes out it had better show close to the 900/500 as "promised" or the pps will react negatively, IMO. Further, at approx the same time as 10k, probably a 8k will be filed for the 900/500.
Thereafter, the initial 900/500 can be modified to account for "maybe" a stk. div. to spark the covere and MOASS. If we go with your option (c) there is no MOASS occurring as has been discussed as happening.
So, IMO, I will feel mgmt. will live up to its promises and look out for increasing shareholder value to the max., along with punishing the NSS for the massive damage it has caused over the past year. Settlement with NSS will also not result in any official SEC/FINRA, etc intervention as I hope will occur.
z4: STATED with perfection!!! Yes!
SB2010; Frankly, I've decided not to post to you again. Please honor my request and not post to me again. Thank you. I just cannot reconcile the things you've said in the past with your current position and posts. Thank you. GLTY.
finta: Check out post 170626 by Soapy Bubbles for links to DD on SPNG. Please read.
SB2010: you will know when it happens and not before, but maybe after if you are not paying attention.
Hey I thought you sold all your shares and were out of here after calling the CEO/COO all kinds of nasty names and accusing them of things. DID you apologize to CEO/COO yet if you bought back your shares?
Welcome. I can believe though that with all those shares you are flying blind and have not done some DD on this site, and become familiar with what mgmt.'s plans are to get uplisted. Please read the DD on this site. Maybe some of your initial Q's will be answered. Plus we are expecting some kind of spark/catalyst to start a NSS cover which will precipitate a MOASS.
fun: That's for you to decide, with your money. I can only tell you what I have done, having no experience whatsoever with MOASS. With that in mind, I have staggered my sells in the teens, 20's then up to 35.
YODA/stox; Thank you for your post. And also that my plan to proceed --sell, buy back -- is a logical one. Thanks for the encouragement.
Holding shares in this company for a number of years is a no brainer. What potential, already being realized in sales, branding, profits, mgmt. honesty, ground floor. What's not to like.
risk: Very good.
Digs: As John Lennon wrote, "Life is what happens when you are making other plans". Maybe today was not SPNG's day to do anything. Remember stox is not an insider, only a S/H, but much more analytical then we are and with his ear to the ground.
For a laugh I posted to you yesterday post #169820, I don't know if you have seen it or not.
cyrx: Here we are talking about periphery issues again involving the telephone conversations, the credibility of same, etc. Let me ask you why should we believe you that Bill IR guy said what you claim he said. See we can go round and round on this stupid things.
Let's just talk about the 10k, PRs, SPNG, relevant issues. All longs want the same thing -- this end game to get rolling to see the NSS cover, reach NASDAQ and sell or hold according to our own goals; and we are in the bunker trying to coexist in the meantime.
kgn11: IMO, my suggestion is just to DROP the whole subject. Whatever you say will not matter at this point, it's irrrelevent. I would not get into a pis...g match with alfie. As Chevy Chase used to say on SNL "I'm Chevy Chase and you're not."
We need to stay focused in the game, in all due respect.
J: IMO, the reference to "this deal" is a general statement referring to the process that SPNG is going through with the 10k, PRs, who knows maybe a stk. div., etc., etc., in trying to deal with the NSS situation, and get this pps out of the bucket.
I do not think he is referring to "a deal" or to some "specific deal" with another company or retailer and the like. I think here again we are trying to read into language in posts maybe interpretations that do not exist. JIHO.
Fish: Good post!! And at what price(s) are you willing to let the NSS cover? A range? Price points? GTC seel orders in place?
z4: You and I are still up to capture Yoda's/stox's latest words. And sweet they are. Waiting for that catalyst he identifies as being "considered." And all that follows.
YODA/stox: Excellent as usual!!! Thank you for the compliment.
I liked your the sentence company's shareholder base able to set their own prices. Relief. Though,I will be happy with the GTC orders I have already set. And then will at earliest opportunity, one or two (?)days when price falls to FMV NASDAQ level buy back all shares I sold and keep profit on initial sale. Holding buyback shares for years in this growth company.
z4 and I were discussing current float, making the various calculations, subtractions, and decided that it was a negative float, maybe a serious one. And z4 determined that being the 19 day on Reg SHO list was very bad news for shorts, having past some critical 13+5=18 day rule he looked up.
Just need the catalyst!!
ABrowns: Thanks for the input and clarification for me.
Big: You have to pay your cap. gains taxes -- divided into short term and long term (longer than i year) gains. Whatever the tax rate for each is.
For me it would be all short term and I'd be happy to pay taxes cause there will be money left over for me and my family. You may want to adjust your price points as conditions occur. And ABrown I guess thinks price will not get above $5. See everyone has own opinion. You have to decide for yourself.
weather: featured how, in what way? someone interviewed or what??
biddipper: With no experience with MOASS, none, zilch, my "plan" is to sell at least 80% of shares with GTC orders already in place at prices ranging from $10-30. Others will laugh at my price points. You have to decide for yourself. And what action company does, what float is, # of NSS, etc.
Schwab allows me to place sell orders ar any price I want, and I have. then, I DEFINITELY will buy back sharees at lower NASDAQ FMV price for longer term -- years. Hope to keep profits. We'll see???
Digs: Think Phil Collins
"I can feel it coming in the air shares tonight, oh Lord. And I've been waiting for this moment all my life, oh Lord.
I've seen your face before you NSS, but you don't know who I am. Well there I was and I saw what you did, I saw it with my own two eyes,. So, wipe off that grin NSS, I know where you've been. It's all been a pack of lies.
And I can feel it in the air shares tonight, oh Lord. Well I've been waiting for this moment for all my life, oh Lord, oh Lord!!"
having fun: I've never experienced a ss either, let alone a MOASS, but I have read info. presented herein. It will probably last longer than Black Fri. -- because we are talking about over 1 bil. NSS, most trying to cover with many fewer shares available. I did not sell either on Black Fri. Market will go fast. That's why I have placed GTC sell orders for some of my shares. I don't have to be at computer, replying on my Schwab program and order execution prior to big price flucuations. I think market makers will raise and drop price a lot -- but like I said I.ve never experienced a MOASS.
wsallstreet: I guess if all depends what you goals are, and whether you really want to keep some shares for future company growth. $220m rev. est. for 2010, and who know after that. So from $50m to $220m I do think there will be price appreciation, especially if Big Money jumps on board as is expected, and SPNG gets "Buy" analyst ratings. Zoom, zoom, up we go again. And deservedly so, for mgmt. is getting on with getting the job done. And, market geniuses, they are (in Yoda speak).
Digs: Using my last post allotted for today -- thank you VERY much indeed that is a compliment. I have thought about it with my limited experience --none -- in MOASS.
Let me ask you this: what, if anything, will the hopeful 50% stock dividend do to you sell orders?
Will you yourself cancel them?
Will you play it by ear in a fast moving market?
Will the 50% div. be eventually automatically credited to our brokerage accounts?
If I have a GTC sell order for example 10,000 shares at $20. Will my broker adjust my GTC sell order in any manner due to the stock dev.? -- for example increasing it to 15,000 shares, or canceling it altogether? Or will my broker keep it as is if I keep it as is.
Thanks in asvance. I probably can't reply until 9pm PST as I am out of posts. Bum.
kylef1: I'll take a stab at your question. I, personally do not think it will rise to $100, that is a bit outrageous.
However, I do think as I have posted before that the price will get to the teens, into the 20's, and maybe $30 or so. Then there is Doug Furth who has posted he expects to get much, much more than $25 per share, and he and his group allegedly own 300m (?) shares. My price points are up to the mid-20's and a tiny in 30's. With 21% not selling at all.
After the squeeze I expect the price to drop to maybe $3-7 range, FMV, enough for mutual funds to buy in -- at which time I plan to use some of my hopeful profits to buy back all shares I sold at higher prices. This is a terrific growth company, just beginning. We are all very lucky to have this opportunity.
Everyone has different views. Many think the stock will not get to teens, let alone in the 20's. We all shall see.
Finally, if none of my GTC sells are sold, no biggie, I hold all my shares and wait patiently for company to grow bigger.
jermachine: SPNG owns that?? Cool! Really COOL!!! Manufacturing and R&D.
Sure looks like a pump and dump stock to me don't you think cashdenuts??? All pump and dump stocks own giant building mfr. and R&D plants, right??
xDrewx: VERY astute analysis as to the buyback -- AYME issue!!
With lythium, do you mean lithium for Bi-Polar D/O?
(Note to myself -- I'm running out of postss for today)
mythreesons1: Your Dicon article mentions that Dicon is a "strategic partner of Dow Chemical", which means that SPNG is now a strategic partner with Dow Chemical. Maybe the 2 have something going to enhance their existing stragetic partnership???
YODA/stox: Question re stock dividend. If there is a stock dividend wouldn't SPNG have to use some of its A/S to issue whatever it determines is the appropriate number of div. amt. for the already calculated number of authentic (not NSS) O/S?
And would the ex-div. date be when the shares cert. are surrendered by our brokerages to SPNG, requiring a change in CUSIP? This would result in a variable ex.div. date. Or would the ex.-div. date be a predetermined date? The former would --seem to-- result in different div. dates, upon surrender of cert. requiring a CUSIP change -- it would seem. The fixed ex.div date would be one date fixed. Is there a way to reconcile the 2, requiring a CUSIP change under both scenarios? I do not know if the above are stupid questions, but they are perplexing to me, as surrender of cert with CUSIP change would surely precipitate a covering and MOASS. Or not??
And enlightenment on these thoughts would be helpful. If I am just our in leftfield just tell me, or just tell me to wait to see what unfolds. Thahks Spino
Gas: Thank you. I'm "All In" for the duration!!!
Gas: OK. I know I've got this answer before. I just as nervious about it, as I anticipated financial situation of NSS not being all that good. This is all money I have. Thaks for your relieving anxiety.
YODA/stox: Thank you for the extra quick reply. And substantive, and pertinent to questions I had. An extra thank you. Many unknowns I see, and legalities.
But holding tight, am I -- the writing style rubs off, it does, lol. Liking stock div. to precipitate further buyins as well as company PR, I presume. Goodnight to you and yours. Thanks.
One more comment, you are a very prolific poster. Assists us longs to no end, cutting through the fog, you do!!!! Spino
SirZ: Read Stox post #169088 posted about an hours ago. That part bothers me. Then read my post to him asking a few questions on the issue. Thanks.
SirZ: Sorry I did'nt get back to you earlier. I think SPNG is doing fine with its filings. I'd wait for no_BS's "Executive Summary" of the 10k. And any upcoming SPNG PRs will speak for themselves.
There has been a lot of discussion re the possible stock dividend and effects of it on the O/S, dilution factor, forcing a NSS cover, with the MOASS, and the like.
Now stox in his most recent post brings up the issue that some individuals/entities with NSS are not solvent, and issues with overseas shorts as well. Lots of things to consider -- a huge chess game with millions/billions at stake.
Stox/YODA: Thank you for the post as usual. The phrasing which worried me and which I have thought about is "that certain of said individuals and entities are, currently, not solvent." What does that mean for the MOASS if said individuals/entitles can't pony up the money to cover??
Secondly, "considering the offshore angle", with dif. reg. environments. Are they subject to have to cover also or not, or can they hold out indefinitely.
And where do the SEC, FINRA and DTCC, and brokers from whom us longs purchased shares come into play in this insolvency situation. Will SOMEONE or entities be one the hook to us? Are there corporate shells with funds hidden in individual accounts, resulting in the corp. involvency? Numerous other questions, but these are most pressing I guess. Spino