xDREWx, I agree. I think this company is worth a market cap of at least 750m, as I've said before, 5m in sales per week =250m a year, 20 percent profit margin, and a 15x PE ratio. 750m. With 722m OS, thats almost a dollar fair value. When the day comes that the shorts have to puke, I think the market will open somewhere alot closer to fair value, rather than .25 or .50. Its going to be the most exciting day of my life I'm sure, when the day comes that shorty has to cover. I won't sell a share at $1 i'll tell you right now, I'm looking for alot more than that for what these crooks have done.


Read about this squeeze if you havn't already, this stock traded a market cap of 400x earnings during its short squeeze. That would put spng above $144.00 a share, I wouldn't be suprised if we saw $20 in this stock.
http://www.sec.gov/comments/s7-08-09/s70809-364a.pdf

IMO

Wait maybe your on to something here. Just found this link that says,
H.H. BROWN SHOE TECHNOLOGIES, INC.
D/b/a DICON TECHNOLOGIES, INC

http://consusgroup.com/previews/1625699/

DBA means doing business as. Buffet has some sort of business with H.H Brown according to the bottom of this reuters article. Maybe you might be right!

http://74.125.95.132/search?q=cache:qvFGlvYeeI4J:www.reuters.com/finance/stocks/companyProfile%3Fsymbol%3DBRKa.N+berkshire+hathaway+H.H.+BROWN+SHOE+TECHNOLOGIES&cd=4&hl=en&ct=clnk&gl=us

Great link, they are located in Shatian, Dongguan, Guangdong, Which is china. Thats where some of the sponges have been selling out of the states for all the doubters.

WOW THATS HUGE, LOOK AT THE REST OF THEIR HOLDINGS,BIG NAMES. SPNG IS THE REAL DEAL.

great call on this being a pump, this post was from the end of march, when spng was below a penny.

Not raising OS is what I meant to say. Your trying to imply AS has an influence on OS.

SPNG is NOT raising the OS first off, second off the shorts didn't cover. There were big buyers down there at 8cents that day, the retail weak hands puked sure, but no way was it enough for the shorts to cover much of there shorts. Besides, the big boys didn't puke, and with such little float, its quite clear there wasn't enough offered for them to take in much of there short position off.

I bought some puts on NITE trading today, its only a matter of time before they go down for what they've done in this stock.

Whats so hard to understand, these criminals involved in the OTCBB create shares, air shares, and keep selling untill they drive the price to 0. There is no limit to the amount they create, so supply demand, forces the price lower. Its exactly like zimbabwe's currency, where they just print and print driving its value to nothing.

There are ways to blow the shorts out and make them cover, and I look forward to it eventually happening because this is a great company.

at this point I think no PR can stop the MM's from creating air shares and driving this thing lower. What we need is something that can actually blow the shorts out of the water. I say spng should sell 100m shares, and issue .01 dividened for all the share holders.

Its just to painful to watch, I'm turning it off. The creation of air shares to supress the price is disgusting. I hope they burn the shorts soon,

I'm all in at .015, the hardest part is not being able to buy more at these levels. Otherwise I'd welcome the selling so I could add to my position.

WOW YEAH, BIG BUYERS

.126 BID, 7 MM'S, NICE LITTLE CHANGE THERE

almost there, MM's are going to try very hard to defend .1250.

If we get above .1250 thing could really explode and start next leg. Draw a TL on 30m chart from 6-24's high, to 6-30's high, touches it again on 7-6. Now above it, but if we take out 7-6 high we look great.

not sure I understand, whos trying to gain control? My idea deals with a method for having to account for all the shares, which with my understanding, the dividend would expose all the airshares, and shorts would have to cover? I don't care about the penny dividend myself, my concern is blowing the shorts out so this stock trades at something closer to its fair value. Which I figure is around $1 at least.

They could sell 100m shares of stock, and issue a 1 cent dividend. That should work,

Solution to blow out the shorts. Why doesn't managment just issue another 100m shares, then take the procedes from the stock sales and issue a 1 penny dividend. Wouldn't this blow the shorts out?

Great news, serious about euro expansion

'overachiever' this means nothing, I'll offer 10k washing kits at $15 too, and I too would keep offering 10k even if someone bought all 10k, because I"d just go to spongetech.com and keep ordering there and pocket $10 per sponge, given the 3 for 1 deal. Besides, i doubt that is real time.

'overachiever' FUNNY, DUDE ALL of your "No Longer Available:" links have the same EXACT same reviews, by the EXACT same people. Looks like its all the same 1 company, just with different webpages. So 1 company doesn't have it available anymore, big deal.

IBOX changed, wonder what that means, goodthing or bad?

When Viacom partnered with gofish, stock tripled in a week.

Press release when they partnered,
http://www.viacom.com/news/pages/newstext.aspx?rid=1093305

Chart of what happened.
http://www.timothysykes.com/wp-content/uploads/2008/01/011608gofh1.png

WOW bid ask was just 2% wide, thats the stuff I expect when shorts start to puke, some big buying taking place right now.

z4lover mrB, Interesting, if you wanted to say you need shares really really badly, you'd combine 200 with 911, or maybe just 211? I like the sound of this.

Just googled "market makers" 211 and found something about a form 211,

Form 211
Market Makers must complete this form to initiate or resume quotations in the OTC Bulletin Board® Service, the NQB "Pink Sheets®," or any other comparable quotation medium. By completing this form, a market maker is representing that it has satisfied all applicable requirements of Securities and Exchange Commission (SEC) Rule 15c2-11 and the filing and information requirements of NASD Rule 6640. It is not necessary to file this application if an exemption applies.
http://www.otcbb.com/aboutotcbb/forms/formsindex.stm

Well then whos doing the selling? MM's and big money can't both be buying without the price rising, so whos selling? These market makers have made alot of money over the years naked shorting penny stocks to 0, to all of a sudden think they unwound all their shorts in SPNG and actually went long without the price skyrocketing makes 0 sense.

A buyout company naked shorting? Makes 0 sense.

'luckydude777' are you trying to suggest Nite is a buyer? Whos keeping a lid on this stock by selling everyday?

'happyguy72' I read about this somewhere, its called a ghost offer or something, like they look to be offered there but they actually don't fill anyones bids, its all part of the scheme and manipulation amoung market makers to try to keep the price down. The real offers are the ones behind it, but these MM's collude together. Its clear when nite does this that they have alot of short exposure themselves and thus have a personal interest in keeping it down, not just for their customers but for themselves. I can't wait till they get burned.

'xDREWx' does it have to do what I said here?

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=39144352

Like the sound of that, lysol kitchen sponge, clorox bathroom sponge, clorox toliet sponge attached to stick, murphy's oil soap sponge on a pole like swiffer, the skys the limit. I honestly think the technology keeping bateria from growing is going to be a standard for cleaning products. The delivery system idea is huge too. I'm keeping a portion of my position for 5 years regardless of price, if I cash out on 80% above $5, i'll keep 20% for the long term, those 5 year projections seem very possible.

http://nasdaq.cchwallstreet.com/NASDAQ/Main/
go under equity rules, general provisions and scroll down to "1016. Discretionary Review by the Nasdaq Board"
(e) Issuance of Decision

"The Nasdaq Board shall serve its written decision on the Applicant within 15 days after the meeting at which it conducted its review. The decision shall constitute the final action of Nasdaq for purposes of SEC Rule 19d-3, unless the Nasdaq Board remands the membership proceeding."


The meeting with nasdaq was june 11th, correct? I assume days refer to business days. I'm coming up with july 2nd we should know about nasdaq, anyone else thought about this or read into the nasdaq market rules?

opps, sorry, confused. I guess I meant 10q

Kdub, Goodluck trying to get in. Its gonna gap and go when the 8-k comes out, and hopefully at the same time the shorts start to puke, have fun chasing. How about a couple fridays ago on that massive sell off, remember all those people trying to bid through the market on the way back up? They wouldn't get filled, its going to be the same case when 8k comes out or shorts puke, I'll bet the little retail guys will have a really tough time trying to get long on the chase. But I've got some offers working around $8 your more than welcome to have.

'1jk1' I can't wait till they come out with a kitchen sponge, its going to be the standard in sponges. A sponge that doesn't collect bacteria for household cleaning is going to be huge. What about a sponge on a stick for toilet cleaning. Like they said at the conference, they havn't even released their best products, this is the buy of a lifetime.

Nice retrace to .11, now lets go green. Good point for anyone on sidelines, you won't have a chance to buy anywhere close to these prices when that walmart PR comes out.

'xDREWx' Dude is there a difference between "new sales" and "sales"? If CVS submits an order every time they are running low, is that considered New? I mean if they are just replentishing, it wouldn't be considered new. If there is a difference that would mean total sales are even more massive. Thanks

YEAH, i'm be pretty nervous if i just sold 5m and the price won't give it up. Looks like a bear trap to me.

'CYRXorbust' I'd agree, but I'm not sure the "traders" are really going to have an impact on this thing. Alot of people trading SPNG do notional value of between $500 and $5000 and probably have little impact price, however all it takes is for a couple big boys, fund managers or private equity guys, to become familar with the name, do some research and realize there is a ton of upside, and hop on. These types dont' interday trade, but invest.

SPNG ON Seeking Alpha, 16m ago. Not a good story but at least it gets the name out there. Anyone with a brain just has to look at a few of SPNG's PR's regarding sales and realize this companys worth at least a $1.
http://seekingalpha.com/instablog/434087-small-cap-network/10187-yesterday-s-most-traded-stocks-spng-biel-lea-neph

wow spongebob on the side, this company is a once in a lifetime investment.

'Anthony1983' Thats funny, because I actually just put some GTC sales starting at $4.50.

If Managment can retire the RME shares and continue with their share buyback program, they could get the OS down to 500m. If they can do $6M a week in sales, with a 20% profit margin, and a PE ratio of 15, fair value of the stock is $1.87.

Now factor in the shorts who will eventually have to cover, and this thing could go way beyond $10.

Go ahead, read about this SEC report about unversal express. They're stock traded 400x Revenue. If you applied that to SPNG, given 6m a week in sales and OS of 500m, SPNG would trade $250 a share. I'm looking for alot more than $4 a share.