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Way to go SPNG
They all watch CNBC I work for a Private Equity firm and my boss was just on CNBC about a month ago.
I don't even know what news could the company put out that they haven't already
Now that is impressive lets post that!! Thanks for the link
Want to know something wild? SPNG has a market cap less than $5M but already has a FY ’09 order backlogs exceeding $23M! With net profit margins around 15%, this means SPNG should generate net profits of $3.45M in 2009. What kind of P/E multiple does an emerging growth stock like SPNG deserve…at least 20 or 30. The Dean thinks a 20-30 P/E is very conservative since Spongetech sold over 12,000 sponges in 5 minutes on QVC last week. Even a P/E multiple of just 20x 2009 earnings would mean that SPNG should be trading at $0.36 (assuming 192M shares outstanding). That’s an increase of 1,700% from the current price: two pennies! So what’s the catch? In The Dean’s opinion, SPNG has a steep discount because (1) greedy financiers are blowing out of stock and (2) in small cap land, Wall Street only pays a forward premium to established companies. Consider this a once-in-a-lifetime opportunity to invest in a company projecting next years earnings @ $3.45M while trading with a market cap of only $4M!
Here is my ? now that O/S is down to 720M, do they dilute all over again? Like laundering going on here as you lend yourself the money by diluting and then retiring through RM, rinse repeat??? Without silver bullet/tender, how low does it go this time? Back to half cent range again? Even though company is growing, they still need money to pay bills/advertising etc....
Taki .50 sounds real good right now however we are a long way from that price range
Very wrong and something is going on as well with the news that was out this morning there is no way they can drop the share price to the 16's
What is it going to take to move this thing unbelievable
Thanks for the post DarkLady
Looks like the MM's can't hold this down any longer
this board is lite up like a Christmas tree
Thats my only concern right now the stupid MM's
OMG lol me too!! gee where are they now
That would be nice! thanks for the post I guess we shall see how people react the the filing
cautionupahead you really think 20 cents no problem?
Dinko how did you come up with that number?
Now your making me nervous Taki I just hope the company will come out with some PR's stating some positive numbers in the revenue.
Amen!!!!!!!!!
Hopefully we are in the black then!!!
You may be right the company has spent alot of money on Marketing so we could see a loss this quarter. Next quarter should be a profit.
You said they filed a extension and they did not Soapy posted the facts. forgive for getting the 10q and 8k confused. I don't see true facts in your post
I am hoping for a profitable 10q and that the company will also come out with a supporting PR to go along with it.
thats the key Taki more revenue then debt
Thanks for clearing that issue up. Spooky or whatever your name is please back your statements up with true facts and not spectualtions.
I will add that just because a company files a extension doesn't mean bad news there could be hang ups with the accounting firm or lawyers.
Whatever!!!!!!!!!!!
Please keep in mind that the 10-k is not going to move the stock unless the Company backs it with a great PR most people and no offense to anyone on this board don't know how to even read a 10-k because they honestly don't know what all the terminology means. JMO I have been through this with other stocks in the past
Me Too!!!
Recent News for WLSI
Wellstar/TMI estimates revenues for its fiscal year 2009 will be in
excess of $16 million, for 2010, they should be in excess of $69
million, and revenues are projected to be $133 million in 2011. The
Company also anticipates that it will be cash flow positive in fiscal
year 2009.
The Company's wholly-owned subsidiary, Trillennium Medical Imaging
("TMI"), has begun marketing its thermal imaging system to the
approximately 16,000 LTC facilities throughout the United States, and
it anticipates installing devices as early as April-2009. The Company
has initiated a marketing plan that calls for the installation of 300
FDA approved thermal imaging systems per month through 2010,
increasing that number to 400 per month by 2011.
I remember that part "Good One" and so true
And we go back up again.
Great! I really wanted need one for my dog
that is where I was last night and yes the display was right when you walked in so they must of been out of them
I was at walgreens last night but did not see the product as of yet I am in Michigan.
I was in CVS yesterday and didn't see any sponges i also checked Walgreens
Awesome here we go!!!
My guess would be if there was another PR coming after close the Volume would be higher then it is then again we still have 2 more hours
Hopefully after the lunch crowd
Yes it is i have several all around me I love Petco I take my dog in there all the time