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RP: Read post 168980.
risk54: Sweet, very sweet!! Lots of things to think about as to exit strategy or hold.
risk54: I think I am more likely to remain a longer term S/H if there is a 50% stock div. then to sell shares in MOASS and try to buy back as many as I can at lower price after SS.
rdaily: Why, may I ask, don't you agree witthe stock dividend?? I would not want a reverse split. Do you think the stock div. is dilution of the 500m O/S, which would in turn reduce EPS, and move us back to the situation prior, i.e., 722m O/S??
YODA returns!!! Welcome. A VERY sincere welcome back!! The Force is with you after all. Events upcoming, light speed and all!
ABrowns: Hey I'm up to 1:30am-2am PST and get up at 5:45am. Jackson Brown's lyrical "Running on Empty". Day after day. Waiting. Patiently.
SB2010: Last week you clearly stated in no uncertain terms that you sold ALL your SPNG shares over presumed mgmt. lies and no response to your Reg SHO issue.
You even told Bill IR guy using a false name that you were not a S/H anymore.
So I am confused -- is it that you lied about telling us you sold out or have you really sold out and just discussing SPNG issues?????
I think that IF you are a S/H you would want SPNG to be successful and uplist to NASDAQ.
I think as to the 10k that it will come out when it does, and for me to fret over it is nonproductive for me at very least. I'm confident in mgmt. doing timely filings with all appropriate information for us, and hopefully some accompanying PRs which will assist in march towards NASDAQ, and precipitate the NSS buyin and MOASS. In days past even you admitted in posts that there existed a large NSS position. GO SPNG!!!!!
RP: Ooops -- In my added comments to Z's answer I said at time of "10Q" there might be a PR to discuss the 2010 Q1 sales. I meant to say at the time of the "10k", not 10Q. Sorry to confuse. Didn't proofread.
RP: If I may add my own comments to your question to Z. I do believe that mgmt. will in Subsequent Events section of 10k indicate the share current structure; and I believe that it will reflect that given in the 7/27 PR, to wit: 900/500.
Elsewhere in postings it has been indicated that the increase in A/S to 2.5 and 2.75 were so-called "pipeline" increases -- for whatever reason we will not know, after which the 900 A/S was in the "pipeline" and will be the figure in the SE in 10k. Of course, as Z said A/S is irrelevent for our purposes. It is the 500mil. O/S shares which we own and comprise the float (?),etc. It will be what the NSS are scared of if over 1 bil. exist the there is the MOASS. It has also been indicated elsewhere that events will occur in the Aug./Sept. time frame and not Oct. when the 10 Q comes out. I think mgmt. is anxious to get to the NASDAQ sooner than later. That said, I do think we will get some indication at time of 10Q in some PR possibly of sales for Aug. and estimated revenues for 2010 Q1 -- which will blow away all of 2009 fical yr. totals.
I hoping it will all come together sooner than later. Good luck.
SpongieOpus: I only printed a copy, have no copy saved on my computer so cannot perform the task you wish. Hopefully, we will see some movement in SPNG price rest of week. Nothing in SPNG document you refer to brings up any new issues not discussed in prior posts.
Kitt: Links did not work for me when I clicked on them. I do in fact understand SEC forms. I have read significantly more federal statutes, regulations, appellate court cases, both federal and state laws over the past 30 years than I am sure you have.
As to your other comments I will not argue with someone who ignores facts, or understands the reality of the situation with respect to the NSS and SPNG. More than 1 bil. of same. Last post for me to you on any subject. GLTY in your endeavors and positions.
RyanTH: Thank you very much!!!
dumar: What time tomorrow night?? Thanks.
Mags123: Where was Yoda? Thanks. I really would like to read it.
harvard boy: The only way you would know that SPNG is cash-flow negative or the other things yo post is IF you were SPNG's accountant, a company officer or a member of B/Ds. I do not think you fit into any of those categories; thus you have no facts to support your statements, and your statements are pure bunk.
For a company with a so-called operational conundrum as you claim, it sure is blowing away sales and sales booking records month after month. Sales, ie, revenues in Q1 of 2010 will obviously exceed all of fiscal 2009 revenues of $50m, as based on sales orders for June, July and 1/2 of Aug. And with a history of A/R converting into cash, with no uncollectible accounts, I doubt it if SPNG will be cash flow negative any time soon. They are on a tear to a 300million sales 2010 year.
And with SpongeBob only hitting the shelves recently it will be a big seller if kids have anything to do with it.
Product is just hitting Sears in Canada stores, and will be hitting BJs soon also. In the SPNG PR 8/17 it was stated that initial orders from important new major retail chains -- yet unnamed.
Your statements indicate you do not know what you are talking about.
As for the "dividend". It may not be a cash dividend, but a stock dividend, which of course fits more within the SS plans of making Shorts cover prior to any ex-div. date so as not to be on hook for initial share and share div. also
You are facing your own conumdrum as to whether you want to continue to bash this growth company or climb aboard for some profits. There is not much time left for your decision. The train is ready to leave the station. As for the shorts -- Tick tock, tick tock!!
dmans: Thanks for the post. The "Happi" magazine in which this article appears is the "Household and Personal Products Magazine" -- an inductry publication, and an important one for SPNG. Fellow spongers make sure you click on dmans link to read the entire article.
Importantly, this is the second time that Marshall Pearson, Assistant Editor of Happi has written a featured article about SPNG. SPNG is getting very important industry exposure, which cannot hurt in getting bigger companies to think about aquisitions - just a thought.
kitt: You have absolutely no idea what you are talking about on this subject area as to number of shares, canceling of them, the the whys and wherefors. And your links go nowhere.
_______________________________________________
Further, I noticed you made no attempt to reply to spongesboy's post #167791 as to NSS. It clearly outlined the existence of the NSS and you apparently dropped your argument that there were no NSS due to no response to post#167791.
Kitt: With 1.5 bil. NSS I think it is reasonable to believe that the short sellers have already made more than double or triple that amount off of SPNG thus far, IMO. 1.5 is the figure the company has info. on. And I assume you do not have any more credible number of NSS. Thus, when the forced cover comes and the hoped for SS there will be shorts stepping over each other to cover -- driving the price up amongst themselves, especially if SPNG declares a stock dividend and the shorts want to beat the ex-div. date so as not to be on hook for the stock div. shares also. 7.5 bil. is nothing. And the GTC sell prices I've set are what I think will happen during the SS -- then settle down to true value of SPNG: $6-7.
no BS: From me at least thank you in advance for your anticipated "Executive Summary" of the 10k. I will print it and study it. One never turns down information from someone who has more experience than you, meaning me, in an area.
Arnold: I read in posts from July, repeated often since then, that Doug F. plans to sell not under $25, and that he and his group have 300m shares. So, take it for whatever it is worth. I am convinced that DF is a very sophistocated investor and that I have no reason not to believe him after reviewing other posts discussing his July comments. Thus even if he does not have exactly that much, he probably has more than the float itself, which is thus a NSS big problem, and I'm sure that the NSS are must be aware of it.
Arnold: GTC means Good Until Cancelled. It can be either a sell or buy order which lasts for however long a particular broker allows it, Schwab allows it for 60 days, after which it expires.
That said, in as much I do not have that many shares as compared to most of you -- but I'm happy, don't get me wrong; I'm thrilled with what I DO have -- I have SET Good Until Cancelled SELL orders for all of my shares; various amounts at different prices. None below $10, some $10-19, and some $21-25, and one pie in sky amt. A forced SS cover will have to exceed $10 IMO, as there are just too many NSS. If the price hits my sell price limits they are gone (sold) depending upon how many orders at that price in front of me by date I presume.
If I dont' sell all that's OK. I'll be happy. If I sell all, I will buy some back when price drops when SS ends. That's my plan anyway.
When forced cover occurs the market will move fast and I may not be at my computer. The prices will blow by up and down and up and down. I don't want to be caught in market orders or making limit orders at last minute. I don't have the experience to do that, plus thet will be last in line to those in front of them, I think.
caddy: I thought that maybe SPNG possibly "could" reduce the A/S as per PR to 900m then use some of that to be issued and outstanding for any stock dividend. But, if your thinking was that "raising" referred to 2.5 or 2.75, I'd say absolutely not, as it would be adverse to the 7/27 PR. And mgmt. has not failed us this far, IMO.
rdaily: Excellent! Thank you very much. I knew the shorts or market maker would drop the price, but I never thought of buying back until after all my shares were sold to shorts. I like your idea. I will do it, as I think anything under $4 would be a steal after this is all over -- a real steal, and unlikely. However, I have decided to hold out for my pre-set GTC prices, as I think they are within reason. If they sell OK if not, then I have more shares than I started with in a great company -- if we have a stock dividend.
Thank you again. GLTY!!!
rdaily: QUESTION PLEASE: re your reply to camper, Post#167481. Let me understand this. For example, if my shares are with Chas. Schwab, and I sell them during the hopeful SS/forced covering, and if I unfortunately own some phantom shares, then Schwab will either force the short to cover with a legit. share (which he won't find), or buy my shares from me. Once he (short) buys them from me, he (meaning short?) marks my shares off his IOU with Schwab and short is cool. I have my money paid through Schwab by short, no shares in SPNG.
Do I have this the above scenario correct? What if short (hedge or whomever) has run out of money and can't pay me -- is it I who gets screwed or Schwab? Please explain. Does Schwab have to make good my sell orders regardless of whether short has the funds?
Next, am I correct in assuming that after the runup in the forced SS that the price will settle down to whatever "perceived real market value" is, for example somewhere between $4-8?
And, if there might be some stock dividend like a 3-2 or whatever, do you have any opinion as to if the being a "shareholder of record date" will be prior to or after the forced SS and price settles down?
My plan of course is to buy back my shares at a much lower price after the squeeze and "hopefully" be a S/H of record for the dividend -- the old cake and eat it too. Thanks in advance for your thoughts on the above.
rdaily: Thanks. I did not pull the numbers out of the air, but actually went through lots of key posts, plus Bill's estimated # of NSS, Big Money itching to jump aboard, and certain phrasing in PRs. Just one example of PR phrasing comes from today's' "In addition, the Company has secured several important initial orders from MAJOR RETAIL CHAINS (emphasis added) that should geographically diversify revenues." These major chains were not named. There are other examples. And I sat and thought about it a lot, and of course read and reread all PRs and SEC filings.
And, I think we will start our with a base of maybe $1 in proceeding to uplisting instead of stuck at 14 cents. I think SM & MM will orchestrate this like a mozart symphony, with a little Bach thrown in for heaviness. Let the songs begin. IMO there will be a series of PSs, then a WHAMMY one -- the so-called PR of the decade. What surprises we have in store I do not know but I'm here and will be here.
Arnold: I can't reply privately I don't have premium acct. As to what you said, I don't know. I just read them as they are publicly posted for everyone. No harm, no foul. They help me, clarity, big picture. Go SPNG!!
fan: VERY GOOD post. It just kept on building, and building like a thriller novel. Let's hope some scenario makes this shoot up. The time is nigh!!
One if by land: $4 uplisting. Two if by sea: NSS/squeeze $10-20. Three if temporarily into space: NSS/squeeze: $21-34+, then back to between One and Two.
crash: If you did what you said you did I personlly think you are way over your head legally with respect to SEC laws. I think that unless you are an attorney practicing securities laws, which I doubt, as you would not be posting on this board, you are in way over your leagal head as to that which is proper and required under what circumstances with respect to 8ks and changes in A/S. Further, I do hope you signed you REAL name and did not sign your corresponce "Crashman" as you state you did. Signing it Crashman reveals the seriousness of your post, IMO.
arnold: Please read stox's latest post today, #167366. I do not think TA comes into play with respect to analyzing price movement based on mgmt's plans -- especially this week. Just my opinion, no disrespect.
Arnold25764: Have you have reading Stoxmagic's posts, if you have not already done so. I strongly suggest you read at least the 5 posts of his -- one today, and the others over the weekend. This clarifies the A/S 2.5, 2.75 situation and indicates the intent is still 900m.
To make it easy for you Stox's last 5 few posts are #165664, 166137, 166461,166582 and 167366. I suggest you read them in chronological order as they give updates and tell an ongoing story. He's the greatest, IMO.
crash: Re: Your post#167404. What gives you the credentials to state that SPNG has no large NSS position?? What specific facts do you have to prove or support such conclusion?? How would you know more than a SPNG department head? What inside information can you tell us to prove your bold statement?? I will stick with Bill unless you can persuade me otherwise. Thank you in advance for your reply.
I doubt you will reply and try to sincerely answer my questions and give me actual facts.
Sorry. I've been in the stock for months, and keeping at least every other day. And, my comments of stagnation were premature. Just letting off a little steam outloud. If you would read my next post to z4 you can see I admitted I was premature with my comments. Thanks for catching me on this though. GLTY.
z4: Ooops. Looks like I spoke too soon re my price stagnation, frustration statement. Stox has a new exciting post. Excuse my impatience I'm ALL IN 'til the end.
z4: Hi. From stoxmagic's last couple of posts, I got the impression or my expectation was I guess that we would have a sizeable 'green' week. And thus was all excited going into to today's trading. There are still 4 days left in week. The stagnation IS getting frustrating though. Not selling a share, and did pick up more today on my limited budget.
Thanks for being here on this board and fighting the good fight --continuously -- against the evil forces and illogical arguments and bashing comments. I appreciate it.
risk54: I like your numbers. However, mgmt. said O/S to be reduced to 500 mil. by 10K time. Then, there is talk of a 50% stock dividend which would act to increase the O/S back to 750 mil. Of course advantages/benefits in the extra 1 share for every 2 shares would out weigh any increase in O/S. But as a result of share div. your calculations would have to be adjusted. The 50% stock div. the perfect tool to create the short squeeze of NSS.
kitt: Re: discrimination -- not. Choosing not to sell in a particular geographical area or state is not age, sex, national origin or other constitutionally protected discrimination. There are no federal funds involved. no federal program. The last time I looked the constitution did not protect againt product discrimination, if there is one which is not proven, in interstate commerce of an upstart business choosing to market it products wisely, based on prospective sales in various markets. Anyway, SPNG's products are available nationwide wide, including Michigan, through various TV ads -- running on numerous TV stations at all hours. SPNG's ads are seen in all MLB ballparks across the country, in NFL teams thru signage which appear and will appear on TV including in Michigan during the MLB and NFL seasons.
HotStockAce: Reply -- I do not have Yahoo messinger not do I have a preium iHub acct., so I can't post priv. mail. Sorry. Go SPNG
dog: As we all should know by now the amount of A/S is meaningless. It is the Issued and Outstanding shares which are important -- those O/S share are those sold on the market, and from which a float is determined. Many, including me believe the float is presently NONEXISTENT, and that what is being trade daily are the illegal NSS. Oh pity the fools -- to quote Mr. T. In my case I referr to the NSS.
The A/S are NOT on the market, not being sold to anyone, are held in SPNG's treasury. The 10K and 8ks will give us all details. I'm sure you can wait that long.
phrantic: Ah, good point. Maybe that is one of the surprises that SPNG mgmt. has in store at an approppriate time to start the short squeeze -- for the estimated 1.5 billion -- shares. Showing one's winning hole card too soon is not good before one has a chance to make a final round of betting, making other key players sweat it out. High stakes stuff you know.
Old Tymer: Agreed. However, the SPNG Bd. of Dir. can again soon-- very soon, amend the Art. of Inc. to the 900 mil.; then file that change with the Del. SOS and deliver both to the TA at the same time, whereby the 8k will be filed with the number promised in the PR. I cannot explain why an interim 8k for the 2.7 has not been filed. However, SPNG's SEC attorneys certainly know more than we do and will do whatever is proper and required and legal. They have thus far. That said, I can only assume at this point an 8k does not have to be filed for the 2.7 bil. A/S amount.