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Thank you to all.
Sherry…
Thank you.
Very kind.
And yes. There's a great deal of misinformation and disinformation regularly afoot. Easy to be led astray. Experience being the, by far, best teacher. Remaining calm and rational.
In America's Cleaning Company we, all faithful longs, stepped in something most assuredly good. Good and then some. Risk/reward bliss. Massive ROI in the making.
Holding tight.
And you have a great weekend, also.
Tim…
Thank you.
And will do.
And absolutely. The coming audited numbers will be an eye-opener. All to the good.
Jason...
The following link will take you there. On the left, under 'REGISTER HERE', you'll see 'Phantom Shares'. The link you seek.
http://www.buyins.net/
Kij, et al...
Once again we have a case of folks getting ahead of themselves. And we'll see if we can get back to at least some semblance of reality.
And in so doing we'll start with the fact of the Reg. SHO flagging having nothing to do with our 'entrenched' friend. The massive phantom shares position, that is, created last year. Prior to the current regulatory environment being in place. A position being cleverly hidden. And, likely, an offshore situation. A position that management intends to, very soon, expose in full. Demonstrating the reality to both the SEC and DTCC. And to then leverage in full. Achieving four of four. Senior listing.
And to simplify, for the sake of discussion, we'll continue as previously. Talking, that is, about three periods. The early June run-up. Our current run-up from mid-month. And the interim. The period over which the shorts reigned supreme. And, so, harking back to early June...
The long side.
No hope of decently profiting from a short perspective. The issuing company fundamentally and operationally sound. No toxic financing activity afoot. The to-smile-about rest of it. Steady market level ascent to an interim High of $0.2851. The point at which the miscreancy of certain opportunists came to light. The fun and frolics getting underway as of June 11th. Certain parties penning 'analyses' of America's Cleaning Company. Self-serving 'analyses' short on fact and long on fiction. Posting same to certain blogs. The, thereafter, FUD routine getting underway. Hitting the financial message board circuit. Successfully unnerving the weak-handed. Previously opened short positions closed at profit. Massive activity. June 12th. June 15th. Far in advance of anything since seen. Session-over-session.
The shorting activity continuing thereafter. Several weeks. The involved parties able to profit courtesy of the overall trend of the time. Trading pattern. Hopeful of the near-term truly serious downside. Continuing right through to mid-July. The point of capitulation. The point at which things changed in very a big way. Fitting way. Trend reversal. The reason why, suddenly, the Reg. SHO flagging.
And the shorts were warned. Favorable dynamics back in place.
From 'black' Friday on, we've had a matter of legitimate shorting activity. Short positions opened and closed in line with the relevant rules/regs. Up until, that is, the point of, again, trend reversal. The fitting upside. The point at which profiting from a short perspective vanished. The involved parties choosing to not lock-in losses. Nor to break even if doable. Choosing, instead, to maintain open short positions as open. Hopeful of the near-term serious downside. That the fitting trend reversal would reverse. Able to lock-in worthwhile profit.
The Reg. SHO flagging resulting. Open short positions left open. To eventually FTD.
The shorting we're talking about is not the abusive variety. Such is not happening. Not any more. Cannot be. As very clearly evinced. The 'entrenched' position being hidden, yes. But not so the latest failures. Fully flagged.
Legitimate shorting activity being, in the absolute, what we're talking about. But with the fitting trend reversal having put a laughable end to the profit parade. Forcing the involved to proceed as they have in fervent hope of yet another reversal. The serious downside soon emerging.
And we labeled the overall shorting activity as 'miscreant' not because we're talking abusive in the naked sense but, rather, because the positioning was based on an onslaught of lies and deceit/distortion. Based on immoral activity.
And again…
"Clear away the fog and the true picture emerges. The early June run-up to an interim High of $0.2851. The thriving upside that was stopped in its tracks not by anything from the inside. Not courtesy of managerial misdeed. Not incompetence. Nor any other such. Stopped in its tracks courtesy of an onslaught of lies and deceit/distortion. The twisting of reality."
Folks are, very much, getting ahead of themselves once again. Seeing that which isn't there.
Our having what we have. And, yes, it's great. Laughable in the absolute. But with a need of putting things in perspective. Our talking a relatively modest FTD total. Not tens or hundreds of millions. We're not talking massive nor the massive abusive. Market level is trending upward after all. Time to think.
The shorts figuring they had it won. That ongoing downside positioning was the right way to proceed. Would see massive collective return. But far from it. The faithful longs having emerged victorious. Trend reversal reality. That which, very much, simply fits. Favorable dynamics. Forcing the shorts to FTD. To hold open positions open. Resulting in the Reg. SHO flagging. Fervently hopeful of another reversal. And hope as they might, they hope in vain, as market level is going nowhere but up.
Back to the $0.25 area and far beyond.
New and welcome monies coming in and all.
The bottom line being that the talked-about open positions will be soon closed. Covered in full. Just as soon as the involved do convince themselves of the trend reality. That, if they don't soon cover in full, the loss they collectively face will be painful and then some.
The coming covering adding to the understandable upside momentum.
The faithful longs having the last laugh.
Relishing indeed.
And the prospect of miscreant parties, once again, unnerving the weak-handed? The lies and deceit/distortion routine being successfully repeated?
And sure.
And I got a bridge for sale. Going real cheap.
What's likely in the mean time, as talked about, is an SR (Short Restriction) being put in place. No additional shorting activity permitted until the outstanding FTD's are covered in full.
The time of the shorts having ended.
With our registered MM's also getting the message.
Green and more green.
On the way.
And lots of folks do kid themselves about massive abusive shorting activities under the current regulatory environment. Failing to think clearly. To see the reality.
A need of waking up.
The time of rampant massive abuse is over. A thing of the past.
And, so and again, a matter of legitimate shorting activities. Parties having been forced by market level circumstance, by fitting trend reversal, to FTD. The unintentional. Unintended consequence. Holding short positions open as long as possible in the fervent hope of a locked-in profit. Or at least a minimal loss.
And good luck on that one.
The faithful longs having the last laugh.
And the shorts were, very much, warned.
Grant…
"Does anyone know of a company that was being NSS and was successful in rectifying the problem and caused a massive short squeeze?"
And yes.
America's Cleaning Company
A few weeks hence.
Most other once-abused outfits having long ago lost the battle. Forced out of existence. Others still battling. Being not positioned as America's Cleaning Company is. Fundamental and operational soundness. Cash cow bliss. No need of massive wanton equity application. Of toxic financing activity. So on. Able to internally fund buybacks. RM Enterprises and open market. Plus open market purchases for personal accounts. Tradable float ever-tightening. America's Cleaning Company to be one of the first to successfully fight back.
The MOASS.
A few weeks hence. Once the stage has been set in full.
The massive ROI that the faithful longs seek and deserve. Having valiantly fought for.
The massive ROI that management has every intention of delivering.
The massive ROI that the long-term future of America's Cleaning Company depends upon.
Senior listing achieved.
In the offing.
The leveraging of criminal behaviors to the max.
The last…
Last laugh.
Onward and upward.
Very kind.
Thank you.
Phil, et al….
"The trend is your friend."
Just focus on the best and forget the rest.
And, most assuredly, there are those among us able to pick up on the subtleties of what it was I spoke of.
And recalling…
1_
"The latter part of the session seeing a dip and recovery. MM collars and leashes routine in both directions. And an extremely good thing. Confirming for us that the shorts are no longer in control. No longer running the show. And good on us."
2_
"And have the legitimate shorts fully covered? Will there come a breakout?
The prospect of a breakout looms large.
Very large."
There being always a need of thinking clearly. Of paying close attention to detail. The Reg. SHO status coming as no surprise. With, next, a likely SR (Short Restriction) in place.
The trend is, very much, your friend.
The shorts being no longer in control. No longer running the show. With forced covering adding to the upside momentum. The longer-term trend having been firmly reestablished with the intra-session volatility being limited. The advent of a breakout being very real. Combination of factors.
The shorts had their day. Now a thing of the past. The faithful longs having emerged victorious. Long hard battle won with no looking back.
And...
"He who sells what isn't his'n, Must buy it back or go to pris'n."
Our well-realizing that the earlier dynamics would return. Would, once again, prevail. That the short and distort goings-on would wash through. None of it coming as any kind of a major surprise.
Our coming trading week to see the continued upside. Momentum. No looking back. The prospect of a repeat of the 'black' Friday goings-on having been reduced to nil. The truth having emerged. America's Cleaning Company. The Reuters rating of Outperform and all. Top 30% reality. The to-smile-about rest of it.
As for the ongoing insulting of people's intelligence?
And recalling...
"Our having heard talk of a scam. Of pump and dump. SEC investigation. Trading halt. Reverse split. Litigation connections and issues. Massive dilution. Rule 144 Opinion Letters. Managerial misdeed and incompetence. Transfer Agent misdeeds. Drakeford & Drakeford misdeeds. Company IR complicity. Fraudulent PR's. Mysterious new issuances. On and on and on."
And no shortage of the faithful longs have challenged accordingly. Seeking the substantive. And zip, zilch, nada. Nothing. Absence, that is, the laughable Flickr stupidity.
And 'nuff said.
The baseless blanket statements routine being the forte of the weak-minded.
As for market level?
Well, there's a little something needs bearing in mind. A little something having to do with order flow circumstance. Preponderance. The sell-side vs. the buy-side.
We had our early June run-up and we have our current such. Current run-up from mid-month. The interim representing the period over which the shorts reigned supreme. Having their day. The significant sell-side in evidence. Preponderance of daily average volume.
And a look-see at the graphical...
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p93922472018
Money flow having advanced from the 10th. Right back to positive. The significant buy-side in evidence. Preponderance of daily average volume. New and welcome monies coming in. As talked about.
It being not just about daily average volume. But about order flow circumstance. Preponderance. The sell-side vs. the buy-side.
Our latest PR's having elicited a great deal of excitement. New and welcome 'analytical coverage' in evidence. Market level ascending for a multiplicity of reasons. The lion's share of daily average volume to the buy-side.
The period over which the shorts did reign supreme having also seen the buy-side. But in the form of low-ball orders. That which didn't much help any but the shorts. And, so, small wonder why the trading pattern of the time. With now a far different story in welcome evidence. The steady understandable hitting of the Inside Ask. No more low-balling. The shorts no longer reigning supreme. Our registered MM's motivated to profit from a long perspective. The advent of a breakout being very real.
The right spark/catalyst in evidence. Combination of such.
Complete with the squeeze play angle. Reg. SHO status. Forced covering adding to the upside momentum.
And recalling…
(July 16th)
"There's been recent board chatter about something huge being in the offing. On the horizon. And there's similar chatter currently afoot on the private side. Via the grapevine. Mention being made that now is not the time to be caught without a position in America's Cleaning Company."
July 16th Low of $0.0830.
Our having played welcome witness to steady accumulation ever since. To an interim High of $0.1335. And just getting started. The momentum to strengthen. The likelihood of an accumulation to breakout situation mounting. Session-over-session.
The time over which the shorts did have their day saw the inside taking full advantage. As did many of the faithful longs. Having smartly loaded up. Well-realizing that said day was coming to an end. The inside and faithful longs having the last laugh as said shorts, what remains of same, are forced to cover at significant collective loss. No looking back scenario. Favorable dynamics in place once again. Longer-term trend firmly reasserting itself.
Our coming trading week shaping up to be an entertaining series of sessions. Better entertainment one couldn't pay for. As what's left of the shorts are, very much, forced to add to the upside. To the welcome and understandable momentum.
And who on the inside, and among the faithful longs, isn't laughing? Relishing the whole of it? Reg. SHO status?
Or am I being petty?
Hmm?
Back to achieving a permanent end to being grossly undervalued.
And recalling…
"Where we were earlier is simply where we belong. A High of $0.2851 and climbing. The truth. As opposed to the twisting of reality."
And never a truer word was spake.
A blood and guts battle won. Having the last laugh as new and welcome monies come in. The inside on a mission. August on the way. The leveraging of miscreant behaviors currently. The leveraging of criminal behaviors to come. Relishing the whole of it indeed.
Onward and upward.
Indeed.
And a pleasant weekend to all.
Thank you to all.
And you're welcome as always.
CJ…
Credible evidence of incredible stupidity.
Those of us hosting a full complement of fully functioning gray matter being well aware of America's Cleaning Company's current capital structure.
You know…
Insiders buying massively for personal accounts via the open market while, at the same time, massively wantonly issuing. Seeing (ahem) ever-so-astutely to it, that by the time the acquired equity in question becomes freely tradable, same will be tantamount to worthless.
Credible evidence of incredible stupidity.
And then some.
John/Carol...
We spoke of the technical. The signaling. The coming upside. And we gapped up. From $0.1199 to $0.1250. Our latest session seeing the signaled strength. Massive monies flowing understandably in. Complete with another fitting strong Close. The latter part of the session seeing a dip and recovery. MM collars and leashes routine in both directions. And an extremely good thing. Confirming for us that the shorts are no longer in control. No longer running the show. And good on us.
A return to favorable dynamics. And it will be choppy. But the longer-term trend has firmly reestablished itself. Inclusive of new monies coming understandably in. Market level is back to being all about the upside. Longer-term fact. With our coming session to be strong to the upside. Another significant percentage advance as befits. And as market level continues to advance we'll see additional new monies coming understandably in. And have the legitimate shorts fully covered? Will there come a breakout?
The prospect of a breakout looms large.
Very large.
The right spark/catalyst in evidence. Combination of such. Setting things in motion.
Our latest session ended strong. As anticipated. The massive understandable buy-side in evidence once again. As befits.
With money flow circumstance about to hit positive. EMA circumstance signaling continued green...
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p63356796899
Our coming session poised to be strong to the upside. And understandably so. The continuation. The longer-term factual.
With August drawing ever-nearer.
And. most assuredly, there are those among us who just don't get it. Failing to get with the program. But, who, very soon will. As management continues to set the stage. Continues maneuvering in line with the squeeze play intent.
Very real.
Massive ROI.
The shareholder respectful.
Rich…
Hello to you.
And hopefully all is well with you and yours. Me and mine being fine.
And please forgive the late reply. Was a busy day for me. Birthday in the family and all.
And, so, a buyout...
With there being no simple answer. Far too many unknowns. Far too many different potential scenarios to address. Inclusive of management's overall stance on the subject. And what would be a suitor's objective? Full ownership or controlling interest? What the purpose? Ceasing the target's operations? Growing/expanding those operations? Taking the target private? Is the suitor in the private sector or public sector? Is there friendly intent or hostile intent? On and on. A whole host of factors. Massive variance.
Were America's Cleaning Company an NCM component currently? Complete with institutional level interest in place? Complete with applicable multiples reflected? The rest of it? Well, we'd have a case of the market having placed a value on the issuing company. A fair value. An interested suitor simply offering, by way of tender, the company's shareholder base an opportunity to liquidate personal holdings at a tempting premium to market level. With such offer either succeeding or no. Sufficient tendering or no.
There being far too many variables for us to boil things down to a telling conclusion. What we can say is that at market level, currently, we're talking gross undervaluation as far as fair value is concerned. And let's say that there comes a fitting overture. An interested suitor of the friendly persuasion. Worthy suitor. The target company fairly valued such that we're talking $0.75 per common share Outstanding. A fitting offer. And does management jump at same?
Well, let's consider Plan A. The $4.00 such. Intent to leverage criminal behaviors. Squeeze play. That to be soon implemented. Complete with adjusted capital structure. Reduced Outstanding count. Achieving the needed senior listing. And, so, would jumping at the $0.75 offer be a smart way to proceed? Shareholder value maximized?
All it would take, currently, is for a worthy suitor(s) to show significant interest and market level would soar. A suitor(s), by virtue of expressed interest in America's Cleaning Company as a buyout target, legitimizing said target. Any successful deal reflecting fair value. Such being far in advance of the $0.12 area.
The bottom line being that America's Cleaning Company's shareholder base is the ownership base. Those who, collectively, own the issuing company. Any fitting buyout offer being reflected at market level. The same way that word of acquisition interest upstairs sends the stock of the target company north and that of the suitor company south. More often than not. When both companies are in the public sector.
America's Cleaning Company is gaining a lot of traction of late. Drawing massive understandable interest. Institutional level monies and all. New monies otherwise. And there is, very much, Plan A. Squeeze play intent. That which all involved need wrap their head around. Getting with the program. Management being on a mission. A $4.00 such. No tolerating of egregious abuse. Criminal behaviors.
No fantasy. No fiction. Entirely real. No intention of tolerating egregious abuse. Our 'entrenched' friend to be leveraged to the max. And soon. The necessary higher launch base coming to fruition session-over-session. Just as in early June. Prior to the 'dark side' goings-on getting into full swing. Favorable dynamics being, once again, with us. The shorts no longer in control. No longer running the show. The longer-term trend firmly reestablished. Our coming session poised to see money flow back to positive. Another gap up at the Open situation. Another strong Close. Higher High. Just as previously.
Time to, absolutely, get with the program. To sideline alternate thinking. Seeing the reality. Just what it is management is proceeding toward. That which our good friend Doug knows all about. Our 'entrenched' friend. And a friend indeed. The turning of the tables. Having the last laugh.
The whole of it just a matter of a few weeks hence. Associated capital structure adjustments and all.
Squeezing to dollar$.
All the way to four of four.
Senior listing achieved.
Long-term success.
America's Cleaning Company
And Mr. Metter from early June...
"The time has come for us to move off the Bulletin Board."
As plain and simple as one can make it.
Squeezing to dollar$.
Thanks all.
And you're welcome.
PM…
Thank you.
And right back at you.
All the best to you and yours.
And when it comes to "facts"?
Well, they're limited enough.
A need of getting past the trees to the forest. And the faithful longs have done a more than admirable job to date. Boiling things down to that which best fits.
We faced the onslaught of the gutter trash crowd. And we appealed to the inside to do their part in setting the record straight. To not leave it up to the faithful longs solely. And we reasoned, thereafter, that things had changed. That there was some rethinking afoot. The $4.00 plan under review of some sort. The inside viewing other options.
But no such.
The "facts" emerging.
No change of plan. No rethinking. No reviewing. No other options. Simply smart insiders leveraging miscreant behaviors. Loading the boat at lowest possible cost. Setting the stage for the leveraging of criminal behaviors.
And could the whole of it be any more quaint?
And not hardly.
Gotta love it in the absolute!
And some of us did register displeasure. Fervently appealing to the inside to step up to the plate. To do their part in preventing further erosion of shareholder value.
And who knew?
Come the relevant formal word the whole of it turns out to be hugely favorable. Nothing (ahem) short of agile minds at work. Getting the job done. Setting the stage as called for.
The plain and simple bottom line being that the inside seeks to move market level as talked about. A higher launch base from which to begin squeezing. And who/whom more knowledgeable on the subject of squeezing, in general, than management?
Coming formal word, coming sessions, poised to yield smiles all around. The faithful longs playing welcome witness to the beginnings of the truly massive ROI to very soon emerge.
All of it being very real.
A management team to be truly proud of. Not even slightly about to pull that proverbial rug out from under the faithful. Sticking to the plan. The $4.00 such. Setting the stage. Getting the job done. The clear intent to leverage criminal behaviors. And once the trap is set in full?
Well, the formal word outlining the associated detail will see massive pps appreciation. Massive buy-side volume as the reality is cemented.
And a time-consuming and costly pursuit, yes. But more than well worth it when all is said and done.
Market level becoming a rocket to multiple dollar$.
In line with a launch base in the $0.50 to $0.70 area at a minimum. In line with an Outstanding count of but a fraction of the current reality. In line with a phantom shares position in the likely 200m to 500m area. And possibly higher.
The $4.00 plan with August on the way.
Building toward a truly massive payday.
Having the last laugh.
A management team to be truly proud of.
Fred…
Doug has clearly explained the litigation goings-on. The fact that he has never come away the loser. All judgments in his favor.
And recalling…
(Posted July 11th)
"I spoke to Doug Furth today. Some fireworks are ahead for this stock. The next two weeks are going to BIG !! The shorts will be squeezed like ketchup from its container. For those longs patient and with strong hands, the reward coming soon is going to be worth the wait. 8K, Viacom and other possible huge news is likely to put the shorts between a rock and hard place. GLTA longs !! GO SPNG !! Can't wait for the next few weeks to play out......."
[ Some fireworks are ahead for this stock. The next two weeks are going to BIG !! The shorts will be squeezed like ketchup from its container. ]
Doug isn't the enemy. Never has been. Every bit as much, as all other faithful longs, seeking massive ROI. His personal related holdings coming, in part, courtesy of duties performed. Services rendered.
All being more than well.
The company's greatest detractors having become a laughingstock at this point. Being entirely dismissible.
Time to focus on the green.
The dollar$ variety.
Our coming session poised to get the show on the road. The longer-term trend having been firmly reestablished. The inside not even slightly about to let up. Keeping the pressure on. August approaching.
Time to get major league serious about moving market level as called for.
Higher launch base.
Onward and upward.
Thank you to all.
Bill…
(June 17th)
(Susan at company IR referencing the NASDAQ intent)
"Once we have formally submitted the application, I anticipate we will have a release updating everyone."
Material company event situation. Our being informed at the appropriate time. SEC rules/regs. Not helpful to get too far ahead of ourselves. Right now, it's about following the bouncing ball. And we spoke earlier of what we could expect in the way of coming formal word...
"There's far more in the offing than some folks think/believe. A combination of factors coming into play. The achieving of the senior listing the shareholder respectful way."
The grapevine had it covered. And following the bouncing ball, one notes that our latest PR's speak to one simple fact i.e., continuing to put pressure on certain 'phantom' parties. What it's all about. Enhancing shareholder value in the best way possible. Tightening the noose.
The whole of it speaking to cash inflow. What it is has the big money folks excited. Along with net earnings. The Reuters folks having seen the reality. The fundamental. The operational. The legitimacy. America's Cleaning Company. The big money continuing to tellingly flow in.
The latest formal word sending a very clear message i.e., managerial confidence as regards company long-term prospects/success. What it's all about. And as the reality/legitimacy continues to be cemented? Well, the prospect of a fitting buyout offer seriously mounts. Grows ever more likely.
As for the continued share structure yammering? Persistence on the mindless musings front? The Flickr idiocy ended it. Credibility shot. Any/all continued persistence on the subject amounting to nothing less than the ultimate insult to people's collective intelligence. It's done. Game over. Share structure reality made plain.
The senior listing will come. The shareholder respectful way. As reinforced, again, today…
'SPNG … today announced that its Board of Directors has authorized an increase in its stock repurchase program from 100 million to a maximum of 150 million common shares.'
And recalling...
'On September 5, 2008, the Company announced a share repurchase program. ... The repurchase plan will expire after 12 months.'
And, so, expiring September 5, 2009. With the RM Enterprises holdings situation to be completed by late August.
And Mr. Moskowitz from the NFE Conference...
"That was one of the things that really helped our stock price going up in the last month. By doing the buyback."
A higher launch base being needed. The $0.50 to $0.70 area at the very least. Squeeze play reality. And management loaded up. Open market purchases for personal accounts. Personal holdings situation. Lowest possible cost scenario. And now firing on all cylinders. Overcoming the lies and deceit/distortion in the best way possible. Being on an obvious mission to seriously move market level. As needed. Squeeze play success. Senior listing achieved. The shareholder respectful way. The next six to seven weeks going to put ear-to-ear grins on the faces of the faithful longs.
As management gets on with getting on.
The bringing of value.
The seriously tangible variety.
Royal…
True story.
And thank you.
And will do.
Carpe…
Thank you.
And there'll be call to repeat the message. But not as of this writing. And noting the telling technical...
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p26728588254
Money flow. White candlestick. Close relative to the High of the session. EMA circumstance.
Our coming session poised to be a monster to the upside.
And understandable in far more ways than one.
Plasma…
Kind words.
Humbling words.
Thank you.
And most assuredly. An eventual little celebratory get-together would be more than a little interesting. Fun and then some. And, certainly, credit where it's due. Our redoubtable leaders. The one's making it all possible.
Peter…
Thank you.
And, simply enough, a matter of clear thinking coupled with close attention to detail coupled with experience.
Most all of us well realizing that the OTC is a trader's paradise. That it's not about investing for the far greater part. And, certainly, the basement does play host to no shortage of fully operating outfits that could readily ascend to senior listing status should such be desired. But, far and away, we are talking about startup/development stage outfits. Calling for a trader's perspective. No falling in love. And having said that?
The simple reality is that ever since management decided to change operational focus to product development, we have a matter of a company that belongs upstairs.
And recalling...
"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"
"Yes. We have a meeting Thursday with NASDAQ. As you know , NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
[ We have 3 of the 4 qualifications. ]
The only, so to speak, fly in the ointment being pps circumstance. And that particular issue is currently receiving the required attention. Criminal behaviors to be cleverly advantaged. The noose ever-tightening. Management having come out in force. In the best way possible. Setting the record straight in the most convincing way. Confidence in an investment in America's Cleaning Company. Risk/reward bliss. And said management has built the company on their own money. And now an investment in that company. Increased investment. Speaking volumes.
And noting, again, that the acquired equity is not freely tradable. Is restricted for a minimum of six months. And what does same say/suggest as to pps circumstance down the road?
The big picture.
The view from the inside.
Buy and hold.
It being only a matter of time before institutional level monies absolutely flood in. America's Cleaning Company's cash flows and net earnings picture serving to understandably excite the investing/trading community at large. Our having been already informed of the upcoming SKU's. About associated gross profit margins. And we have now Dicon in the fold as a wholly owned subsidiary. With much more of such to come. Company true value accretion.
And where would market level currently be had the gutter trash contingent not shown up? Had the twisting of reality never seen the light of day? Had the truth of America's Cleaning Company not been temporarily blackened by lies and deceit/distortion?
The 'dark side' has lost. Credibility totally undermined.
The faithful longs having the last laugh. And, very soon, all the way to that proverbial bank. A matter of just a few more weeks. And just and exactly how the July numbers are continuing to shape up will be known to us soon. Telling detail. The Smarter Sponge. And on to the August numbers. And new gross revenues records?
The simple fact being that ever since management decided to change operational focus to product development, we have a matter of a company that belongs upstairs.
And recalling…
"Clear away the fog and the true picture emerges. The early June run-up to an interim High of $0.2851. The thriving upside that was stopped in its tracks not by anything from the inside. Not courtesy of managerial misdeed. Not incompetence. Nor any other such. Stopped in its tracks courtesy of an onslaught of lies and deceit/distortion. The twisting of reality."
The company's greatest detractors showed up in force. The company's greatest detractors lost. Credibility shot. The whole of it being a setback in the absence of all argument. Management pissed. And now fighting back in the best way possible. Having advantaged. Having loaded up. Steadfastly determined to move market level as needed. Higher launch base. In line with squeeze play success. Four of four requirements met. Senior listing achieved the shareholder respectful way.
The best last laugh yet to come.
The leveraging of criminal behaviors.
Just a few more weeks and up we go.
Dollar$.
Senior listing.
Holding tight.
Alex,
Short answer?
Longer-term trend reestablished.
The early June run-up wasn't all smooth sailing. And, if you recall, we often spoke of short-term volatility vs. the longer-term trend.
It took one month. A hard-fought battle. Overcoming the lies and deceit/distortion. The truth emerging. With yesterday's initial formal word going a long way toward sealing the deal. The reality of America's Cleaning Company. The view from the inside. The longer-term goals.
And sure. Our resident peanut gallery mindlessly persists. But to no avail. The Flickr bit of business having ended it. Self-serving agenda revealed for all to see. Sheer stupidity. The company's greatest detractors sealing their own fate. Game over.
And management's timing was perfect. But with a need of factoring in the day traders and the tout sites and their followers, and a little something additional, in the form of our ever-so-lovable middlepersons.
The longer-term trend having been firmly reestablished. And we said it would come. And in early June we saw short-term volatility. And such is with us once again. The understandable. Complete with MM collars and leashes routine. MMM. Maximum gain. A degree of volatility likely to be more pronounced than was the case earlier. And courtesy of all that the past month has wrought. A wild time for sure. An entering/adding opportunity. And for management inclusive. Loading up at lowest possible cost. And kudos. Our tradable float circumstance continuing to tighten.
And as the longer-term trend reality does, very much, continue?
Well, will we play welcome witness to certain 'phantom' parties joining the party?
The noose continuing to tighten. The leveraging of criminal behaviors.
Short-term volatility vs. the longer-term trend. Just as previously. No different. Outside, that is, of likely wilder swings. MM collars and leashes routine.
None of it being rocket science.
The 'dark side' having lost. Being lost. Now aimlessly wandering about in a laughable blind tizzy. Having sealed their own fate. Self-defeat. The Flickr stupidly. And truly mind-boggling that they would blunder so. Mindless desperation.
And were it that we could rid ourselves entirely of our ever-so-lovable middlepersons?
And been there, done that.
"If wishes were horses, beggars would ride."
The longer-term trend having been firmly reestablished. With August on the way. Management continuing to tighten tradable float circumstance. Continuing to tight the noose. The leveraging of criminal behaviors. The RM Enterprises holdings situation to be soon completed. A matter of just a few weeks. Trading sessions, over which, we'll continue to play welcome witness to ongoing fundamental and operational advancement. Company true value accretion. Material company events announcements. Sparks/catalysts.
Market level goings-on to be understandably choppy. But by late August the longer-term trend will have spelled out the reality. Share structure circumstance and all.
Focusing on the big picture. The telling view from the inside. That which the Reuters folks clearly see. Eventual advancement to a senior listing. The big money flooding in. Called-for institutional level interest. The completion of called-for due diligence.
A truly massive ROI. The shareholder respectful.
The 'dark side' having sealed their own fate via sheer stupidity. Self-defeating desperation. Our resident peanut gallery amounting to the dismissible. Nothing more than children at play.
And the technical?
And exactly as discussed. Short-term volatility vs. the longer-term trend. The (2) temporarily turned with the (5) above the (10). Positive crossover.
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p26728588254
Serious green ahead.
The longer-term reality.
A management team to be truly proud of.
Golden ground floor opportunity.
As plain and simple as one can make it.
Rating of Outperform.
Top 30%.
America's Cleaning Company
An empire in the making.
Stushy,
Absolutely.
As good as it ever gets.
Thanks all.
Jason…
They told us the irrefutable was on the way. No end of 'assurances' on the subject. And credit where it's due. Proof positive provided.
Proof positive, that is, of a self-serving agenda.
Laughable self-defeat.
And bear in mind that no PR hits the wires in the absence of first being thoroughly vetted by company legal. There being no deliberately false nor misleading statements in any of America's Cleaning Company's PR's.
None.
A management team to be truly proud of.
Getting the job done.
PM...
Thank you.
With the gist of it being risk/reward nirvana. As good as it ever gets. Golden ground floor opportunity. Today's initial formal word amounting to addressing shareholder concerns in the most dramatic way possible. First rate approach. With the central point made clear...
'The purchasing of the Company's stock in the open market reflects the management's confidence in the Company's long-term prospects.'
[ confidence ]
[ Company's long-term prospects ]
"Based on the investment opportunity, our operating conditions and our confidence in the long term success of SpongeTech®, we have purchased these shares in the open market."
[ confidence ]
[ long term success of SpongeTech ]
The central point.
Confidence. Long-term prospects/success.
The view from the inside. The big picture. That the numbers are shaping up as desired/needed. Inclusive of the parent company remaining debt-free. And, very soon, will come another July numbers update. Telling us much.
Confidence. Long-term prospects/success.
That which the big money is looking for. With, already, a rating of Outperform from Reuters Company Research. Top 30%. Today's initial formal word speaking to said big money. That which is, understandably, already starting to flow in. The coming fiscal '09 audited numbers facilitating the completion of called-for due diligence. The July numbers. The August such. September and beyond. Forward periods' realities. All part of the picture.
America's Cleaning Company
Confidence. Long-term prospects/success.
The coming serious green to shut, for good, certain constantly yammering mouths. The Flickr comedy/stupidity confirming self-serving agenda. The irrefutable. Graven in stone. Laughable self-defeat.
Back to the $0.25 area and far beyond.
Breakout city!
A hard-fought battle decisively won.
Fred...
A flattering conclusion. But no.
And recalling…
--------------------
Wendy...
Not a whole heck of a lot to tell.
But I will say that I have no connection, whatsoever, to America's Cleaning Company other than as a consumer and shareholder. Being simply one contented member of those far-flung hordes of unwashed retail masses. Seeking, no less than yourself and the rest, to do my own personal net worth a modicum of good.
--------------------
My posting history being there. Just follow the bouncing ball.
Sponge…
Entirely positive.
And…
"We wanted management to step up to the plate. And as it turned out? Well, we have a more favorable overall scenario."
And indeed.
Jim…
Thank you.
And yes.
The RM Enterprises holdings situation hasn't changed. Company IR spelling out the detail just a few days back. With management, today, confirming. But there is a little something else to consider...
(July 12th)
"Well, Mr. Moskowitz has recently confirmed for us that the RM Enterprises holdings situation will be completed by late August. The buyback. Which tells us that RM Enterprises' time as an ongoing source of operating and growth/expansion capital has likely drawn to a close."
Late August.
When the market level goings-on start to get truly serious.
Dollar$ serious.
John…
Stay tuned.
Today was only the beginning.
JL, et al,
Credibility shot.
The company's greatest detractors. All those, otherwise, having 'opined' the Flickr comedy/stupidity to be genuine. Said comedy/stupidity sealing the deal. Self-serving agenda revealed for all to see. Time to stick a fork in it.
It's Done!
And recalling…
(Susan of IR just days ago)
(Paraphrasing)
"Btw you never want management to get involved in the pps. She stated its a public co and the healthy way is for the public to determine the pps."
And from today's PR...
(Mr. Metter)
"I believe our stock is very much undervalued and we will continue to buy stock in the open market from time to time and continue to enhance shareholder value."
[ continue to enhance shareholder value ]
And small wonder why management did choose to sit on their hands. Ignoring the lies and deceit/distortion. Shareholder value eroding.
The inside seeking to load up. And should the faithful longs be pissed?
And no.
It's understandable. The whole of it. Given, that is, the rapid rise to our interim High of $0.2851. The associated cost. The desire to load up at lowest possible cost being understandable. Advantaging the 'short and distort' goings-on. Leveraging miscreant behaviors. Loading up. At precisely the right time/moment. Just as many of the rest of us have.
We wanted management to step up to the plate. And as it turned out? Well, we have a more favorable overall scenario. Ever-tightening float circumstance. Ever-tightening noose situation. The leveraging of criminal behaviors.
The involved open market purchases being automatically restricted. Restrictive legend(s) attached. A minimum of six months.
And…
(Susan of IR just days ago)
(Paraphrasing)
"They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyones expectation."
[ They haven't reduced as of now and maybe in the future they'll continue to ]
Referencing the RM Enterprises repurchasing/cancelation(s) goings-on.
And from today's PR…
(Mr. Metter)
'Together the team has purchased approximately 18.2 million (eighteen million two hundred thousand) shares of the 722.86 millions shares issued and outstanding as reported in the Company's 3rd Quarter 2009 filing.'
Confirming for us that the Outstanding count has not changed. Is in line with the latest info./detail from company IR. No additional RM Enterprises holdings goings-on. Repurchasing/cancelation(s). Which makes sense given the recent Dicon acquisition. Cash applied elsewhere.
And again…
"They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyones expectation."
[ right now their focus is on expanding the co ]
The open market purchases activity confirming for us that there will be no consolidation of the Outstanding stock. No pulling of that proverbial rug out from under the faithful. Achieving the senior listing the shareholder respectful way.
And from today's PR…
(Mr. Moskowitz)
"I am very excited about the Company's prospects for fiscal 2010"
And, certainly, being not alone in his well-considered assessment. Much understandable excitement all around.
And from earlier…
"Our coming trading week to see steady advancement. Back to the $0.25 area and far beyond. The upside gaining momentum as our trading week progresses. Just as previously. Our registered MM's continuing the upside collars and leashes routine. Profiting maximally from a long perspective. The holding of inventory. The good word from the inside to continue."
"There's far more in the offing than some folks think/believe. A combination of factors coming into play. The achieving of the senior listing the shareholder respectful way."
And a look-see at the technical...
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p26728588254
The fact of both money flow and pps bearing north. White candlestick. The Close near the High of the session. The EMA positive crossover and trend. The (2) above both the (5) and (10) with the (5) just shy of the (10). With crossover yielding confirmation.
Breakout city!
Getting ready for some truly serious green.
The huge upside!
And, so, an awesome week so far. The Flickr goings-on. Credibility shot. The open market purchases. The fundamental. The operational. The to-smile-about rest of it.
Managerial maneuvering drawing ever-advancing welcome attention from the big money folks. Open market purchases. Confidence at its ever-lovin' finest. Leveraging miscreant behaviors. Leveraging criminal behaviors. The bringing of value. The seriously tangible variety.
Back to the $0.25 area and far beyond.
Senior listing and all.
And gotta love it in the absolute!
Kij…
You mean a peon? A vassal?
Feeling a tad stung?
Jim…
Together, we won.
The stage now set ideally. Additional new and welcome 'analytical coverage'. Additional new and welcome monies coming in. Favorable dynamics. Continued good word from the inside. Inclusive of that to truly get excited about.
Green and more green.
Holding tight.
Thanks as always.
Norm…
Thanks.
And moi?
Steal folks' thunder?
The faithful longs, as a group, are a formidable bunch. No shortage of agile minds. No lack of variety of professional background. So on.
Together…
We won.
Back to earlier dynamics.
And you keep up the good work also.
Wes…
lol
You read my mind.
And the whole of it does speak volumes. The attempt to bury that which the 'enemy' has no answer to. As talked about.
Saying all same has to/needs to.
The cementing of reality.
Thin air.
Tim…
Thanks.
And yep.
We covered it.
Inclusive of why management seeks to keep the parent company debt-free.
Emily…
Litigation?
Insiders are considering it.
Was mentioned this past trading week.
Alias…
An interesting perspective.
And thanks and will do.
Plasma…
Thank you.
And yes. There's no denying that Mr. Metter's reply to the question left open the door.
And recalling…
--------------------
"Would you entertain a 1:100 reverse split to get listed?"
"Well, we’ll deal with it when…Right now we’re going to go there on the basis of what the stock is going to grow to. The time has come for us to move off the Bulletin Board."
[ Well, we’ll deal with it when… . ]
And, so, a possibility?
--------------------
And we've heard from IR on the subject.
And recalling…
(Shareholder email from June 19th)
1_
"Outstanding shares: I assume you can't give details but just nod your head if there is some type of buyback in process."
"Outstanding shares: we have a on going repurchase program."
2_
"Reverse Split: Can you get share price where you need it without doing this?"
"Reverse Split: would be the last thing we would do lose 2 year branding the symbol"
3_
"Merger/Acquisition: Does spng plan to stay an individual or is a partnership on the horizon."
"Merger/Acquisition: always on the table"
4_
"I have everything I own in spng giving me 500k shares. In your opinion... what are year, 2, and 5 year targets for PPS (assuming no R/S). Basically want to know if I can retire in 3 years or will I be starting over."
"I think could retire in 3 years"
5_
"Nasdaq: Time line or possible options for achieving?"
"NASDAQ: update soon?"
[ "Reverse Split: would be the last thing we would do lose 2 year branding the symbol" ]
And we've heard from Doug Furth on the subject.
And…
(July 9th)
"I am not sure how many times I need to go over this with everyone but I can say to you AGAIN that there is NO REVERSE SPLIT in the works.
NONE!"
We proceeded, initially, along the lines of a squeeze play. Intent to leverage criminal behaviors. And then came 'black' Friday. The fallout. And we addressed the need of the inside to formally counter the goings-on. Preserving shareholder value. To do what had been previously done. Formally addressing lies and deceit/distortion. But no such. Management choosing, instead, to sit on their hands.
Leading us to the conclusion that the original plan had changed.
And recalling…
"Jeff,
The situation has changed. And changed recently."
The $4.00 plan calls for a launch base in the $0.50 to $0.70 area at the very least. No matter what the actual extent of the phantom shares position.
And over coming sessions market level will advance in line with reestablished dynamics. As talked about. The technical, and all else, spelling out the reality. Back to the $0.25 area and far beyond.
And again…
(Mr. Metter)
"Right now we’re going to go there on the basis of what the stock is going to grow to. The time has come for us to move off the Bulletin Board."
There's far more in the offing than some folks think/believe. A combination of factors coming into play. The achieving of the senior listing the shareholder respectful way.
And at market level it all starts this coming trading week.
And thanks again.
Valley…
First of all, thanks for the readership.
That which says all it has to/needs to.
Purported "yammering" and all.
And otherwise?
Your attention to detail skills could use a little refinement.
Your words…
"You assert that daytraders are not/will not/have not/ made any money here with SPNG .. "
And recalling…
(July 9th)
"But the 'short and distort' criminality changed all. Whole different ballgame in evidence. Introducing also the day traders into the equation."
(July 12th)
"Market level has been under siege for one month as of today. From June 12th. The company's registered MM's no longer consistently playing the long-side. The day traders introduced into the equation. Miscreant shortists in abundance."
Your words…
"You sure?"
And yep. Real sure.
Your words…
"I have not posted here before, but with the some of the crap that is being bandied about here as fact .. well now .. just cant help myself."
And crap indeed. No argument.
As for disclosure? Clearing the air?
Been there, done that.
Management proceeding as they see fit. The recent Dicon acquisition speaking to continued fundamental and operational advancement. No argument.
The past month being as talked about. Our registered MM's running the show. Advantaging order flow circumstance. With now a return to earlier dynamics.
Our coming trading week to see the referenced green.
Sustained upside.
Continued good word from the inside and all.
Inclusive of that to get truly excited about.
And best of luck to you also.
Taking care.
You and the rest.
Thanks for the replies.
Positive feedback appreciated.
Kind words appreciated.
CM...
Clear away the fog and the true picture emerges. The early June run-up to an interim High of $0.2851. The thriving upside that was stopped in its tracks not by anything from the inside. Not courtesy of managerial misdeed. Not incompetence. Nor any other such. Stopped in its tracks courtesy of an onslaught of lies and deceit/distortion. The twisting of reality. That which continues to this day. Running rampant.
Our having heard talk of a scam. Of pump and dump. SEC investigation. Trading halt. Reverse split. Litigation connections and issues. Massive dilution. Rule 144 Opinion Letters. Managerial misdeed and incompetence. Transfer Agent misdeeds. Drakeford & Drakeford misdeeds. Company IR complicity. Fraudulent PR's. Mysterious new issuances. On and on and on.
With any/all direct challenges to same going unanswered to this day.
And can any of the company's greatest detractors explain the recent run-up to an interim High of $0.2851? The associated average daily volume circumstance? The highest in company history? The empirical?
Do you suppose there'll come a well thought-out reply or two? Or just more of the sourcing of things from thin air routine? Grasping at straws? Baseless blanket statements? The path of least resistance?
The naysayers among us claiming almost always to be so right. And, yet, when cornered have absolutely nothing substantive to offer. No recourse but to continue to mindlessly yammer.
Purported massive new issuances. Direct from the inside. And the associated source(s)? An imaginary filing, or two, perchance? Thin air?
Thin air and hot air.
An ever-so-delightful combination.
Some people's kids.
The Authorized count has advanced. And so has market level. The empirical. Ever-advancing until the scum of the earth showed up in characteristic droves. Spewing no end of lies and deceit/distortion. Twisting reality.
One month. The time it took to set the record straight. To reverse MM positioning. To regain interest. To bring in new monies. To return to a state of favorable dynamics.
Our coming trading week to see steady advancement. Back to the $0.25 area and far beyond. The upside gaining momentum as our trading week progresses. Just as previously. Our registered MM's continuing the upside collars and leashes routine. Profiting maximally from a long perspective. The holding of inventory. The good word from the inside to continue.
And recalling…
(Mr. Metter from May 8th)
'We are also in negotiations with a major supplier of Brand Name household cleaning products. Our discussions focus on SpongeTech using its patented technology to produce various household cleaning products using the Brand Name of our prospective client. Let me again say, while we are hopeful, there is no assurance of our entering into a final agreement with this client.'
Stay tuned.
Lex…
Thank you.
And trust that you're as much a part of those of who routinely add value to this thread as is the one you reference. Supporting one's own investing/trading interest, in the absence of inarguable reason to proceed otherwise, being only common sense.
US...
And thank you.
And a bomb, or two, indeed.
Jim…
Thank you.
And that which would be truly eventful?
A full outlining. The whole of it. Phantom shares position and all. All that is known to date. Exactly how management intends to proceed.
Would go a long way.
As for the day traders?
Can't win as previously. MM positioning has solidified to the upside. The necessary inventory in hand. Our coming Open to be a gap up situation and advancement from there. No looking back.
As for number crunching?
The crux being that which we earlier talked about. Quality of earnings.
And recalling...
(Q1/'09)
Issuance of common stock for fees, payments, advertising, etc… $3.3m.
(Q2/'09)
Issuance of common stock for fees, payments, advertising, etc… $4.8m.
(Q3/'09)
Issuance of common stock for fees, payments, advertising, etc… $1.6m.
Total of $9.7m.
The earnings picture somewhat skewed courtesy of application of equity. The coming annual filing to tell us a lot. Painting a picture. With it being understandable that externally-sourced capital (RM Enterprises) has been required over time. The entirety of the current operating focus is, after all, very new. Product development. Business plan and model realities. America's Cleaning Company doing extremely well given overall circumstance. But we do want to know that operational soundness is advancing to the point of the self-sustaining. Sufficient cash flows from ongoing operations to dismiss all obligations.
And with that said...
(Mr. Metter from March 5th)
'We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.'
[ that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally ]
[ product development, marketing, production, and financing of inventories and receivables ]
[ marketing ]
Marketing. The greatest single expense to date. And the associated fiscal '10 budget has been ramped up to the $20m area. And, certainly, for good reason. A stellar level of return on investment. Approx. $9m applied over Q1/'09 through Q3/'09 with fiscal '09 gross revenues projected to well exceed $50m. Stellar indeed.
The coming audited numbers will tell us a lot. As will the July and August gross revenues totals. The overriding consideration being synergies and economies of scale kicking in. With it being, again, understandable that equity has been applied. Externally-sourced capital. And the faithful longs can truly jump for joy come the achieving of operational nirvana. Self-sustaining reality. Ongoing operations feeding themselves. Cash flows sufficient to dismiss all obligations. The situation relative to longer-term growth/expansion goals being different. The associated capital being externally-sourced coming as no surprise. Standard operating procedure.
And we have, again, the fiscal '10 budget. Marketing ramp up to the approx. $20m area. It remaining to be seen just how said expense will be met. Synergies. Economies of scale. Gross revenues continuing to climb. Gross margins expected to climb.
And...
(Mr. Moskowitz from the NFE Conference)
"Basically, we have about twenty-five products now."
"We should have one hundred by the end of 2011."
"The better products are still yet to come."
"So now that we know that the product works we'll be able to add it to pretty much any item in your house. Whether it be glass cleaners or cleaning the carpet or doing the dishes or doing tables. You know, mopping the floor. Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be."
The big picture shaping up more than admirably. Long-term success. Much in the way of continued good word to come.
Serious green.
Chris…
Very kind.
Thank you.
And you're welcome.
John…
You approach enough people on the subject and you'll find those who are wholly supportive of the telephone-based MM trading system. Folks generally connected in some money-making way or another. The reality being that the volatility argument is lame. The liquidity argument no less so. The rest of it. Inclusive of the laughable 'protecting folks from themselves' argument. Simply the means of keeping the money machine going. With the greed being so unbounded, so rampant for decades, as to see an eventual groundswell of complaints from all corners about egregious abuses. Forcing the SEC to finally act. To honor its own primary mandate. The agency for decades being entirely loathe to bite the hands that feed it.
Shameful behavior, as more than 7,000 startup/development stage companies were pushed out of existence. Literally trillion$ in investing/trading principle stolen. Blatant daylight robbery of monumental proportions. Massive fraud. And there would have been no such were it an ongoing case of the natural market forces of supply and demand reigning supreme. Each and every issuer responsible for its own liquidity. The way it should be. All arguments to the contrary being dismissible.
And taking another look at the graphical…
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p26728588254
With what happened Friday amounting to the precise opposite of that which we previously discussed. When money flow was trending north while the pps was trending south. The result of self-serving middlepersons being positioned largely short. Seeking to cover at maximum gain. Collars and leashes routine to the downside. With Friday's session being choppy. In line with the goings-on upstairs. Money flow trending south while the pps was trending north.
And why so?
And, again, self-serving middlepersons seeking maximum gain. Positioned, this time, largely long. Collars and leashes routine to the upside. The reason why a rapid return to the $0.25 area and far beyond is imminent. New and welcome 'analytical coverage'. New and welcome monies flowing in. The rest of it. Continuing good word from the inside. With the Dicon acquisition announcement clearly demonstrating for us that our registered MM's are very much running the show.
And, yes, such a situation can be overcome. In the form of a little something called a breakout. The overwhelming buy-side. A flood of orders forcing upticking. With a forced retrace soon thereafter emerging. Short positions closed at maximum gain.
Our having market level right where we want it. Favorable dynamics reestablished. The technical signaling strength. The rest of it. Our coming Open representing the ideal time/moment for a bomb, or two, of a PR. Collars and leashes routine to the upside.
Would be huge.
And it is painful to think about what was lost. Had the Dicon acquisition announcement emerged under current market level circumstances. Self-serving middlepersons not manipulating the goings-on for maximum personal gain from the downside.
But not to worry. As management is poised to come through big time as talked about.
The dollar$ variety.
Just a matter of continuing to hold tight.
Breakout city!
No retrace.
Kij…
lol
It's very simple. No more complicated than the ex-clearing bit of business.
And...
The '33 Act regulates original issuances. The primary market (acquiring directly/indirectly from an issuer).
The '34 Act being an extension of the '33 Act. Regulating transactions in the secondary market (trading the previously issued ... you to me ... me to you ... so on).
Simple.
Mike…
The primary consideration being shareholder value that's tangible. Reflected at market level. Anything less? It's a wash.
As for the company's greatest detractors, again?
Market level soon advancing will serve to quell the uproar. Shutting constantly yammering mouths for good. Back to the $0.25 area and far beyond.
It's coming.
Silence, after all, being golden.
Hmm?
And sure. And here it is...
"UPDATE-We now have hard confirmation that Spongtech, despite claims of a share buyback, has outstanding shares in excess of 2.2 billion, several hundred million of them newly minted in June and distributed to insiders and promoters."
[ We now have hard confirmation ]
And hard confirmation from thin air?
I can hardly wait.
Any such and the authors would be falling all over themselves to provide the associated substantive. The undeniable. Leaving no room for doubt.
And rocket science, it ain't?
What's wrong with this picture?
Too funny.
Some people's kids indeed.
Headed back to the $0.25 area and far beyond. And in concert with same certain constantly yammering mouths will be shut. For good. Never to be heard from again. Doubtless, not so much as even a single example hosting the necessary intestinal fortitude to stand up and admit the truth. The truth of America's Cleaning Company. Golden ground floor opportunity.
And I know I'm having a great weekend knowing what's coming. The winning of a one month battle. Back to favorable dynamics. New and welcome 'analytical coverage'. New and welcome monies coming in. All that July and August hold in the way of industrial strength formal word. The rest of it. Big monies entering. Gaining strength as management gets on with getting on. The coming audited numbers amounting to the completion of called-for due diligence. In concert with the July and August numbers. Forward periods' detail additionally. July poised to yield another gross revenues record.
And one hell of an achievement for a "scam".
Hmm?
With July and August very likely coming in at record levels being hardly a surprise...
'The Smarter Sponge'
A management team hosting brainpower in abundance.
Redoubtable leaders to be truly proud of.
Golden ground floor opportunity.
Next trading week on the way.
The welcome and understandable continued upside.
The welcome and understandable shutting of constantly yammering mouths.
For good.
Much appreciated.
Thank you.
Risk…
No. Not exactly a misunderstanding. You were just a tad lax on the attention to detail front.
And from my post…
--------------------
And as for SpongeBob?
The situation made plain…
(May 1)
--------------------
I wouldn't be quite so dense as to fail to reference the publication date(s) of a quoted PR passage(s) when such is called for. Avoiding the possibility of misunderstanding.
All the best.
William…
Yes.
"The meeting of demand/anticipated demand."
And recalling…
(Mr. Moskowitz)
“This is such an exciting time for the Company,” comments SpongeTech®’s COO, Steven Moskowitz. "Consumers across the country have been voicing their demand for our products; as a result we have been receiving new purchase orders from numerous new retailers.”
[ voicing their demand for our products ]
Management has been absolutely blown away by the retail success to date. The massive demand. The primary reasoning behind the ramping up of the fiscal '10 marketing budget to the $20m area. Global reality. North. South. East. West. Truly awesome. With 100 SKU's to be the reality by EOY 2011.
And recalling additionally…
(Mr. Moskowitz at the NFE Conference)
"Last year we did $5.2m. This year we'll do over $40m. We should keep up with that same growth pace over the next three to five years as the products start coming out. Basically, we have about twenty-five products now. We should have one hundred by the end of 2011. The better products are still yet to come. Because we wanted to make sure, before we got into the cleaning of the kitchen and the bath ... we tested it out in cars and we tested it out on dogs before we started dealing with human beings and people in the house. So now that we know that the product works we'll be able to add it to pretty much any item in your house. Whether it be glass cleaners or cleaning the carpet or doing the dishes or doing tables. You know, mopping the floor. Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be."
[ Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be. ]
Awesome indeed.
Jeff, et al….
We got our Opening gap up.
From $0.0954 to $0.1000.
Complete with EMA positive crossover...
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p26728588254
Trending ideally.
With the overall trading pattern a tad choppy. In line with the major markets/exchanges. Choppy day overall. But the dynamics reality being there. Firmly reestablished. The sustained upside. Just as previously. Our having turned the corner. There's going to be no looking back. Next trading week will be strong. And far from just technically.
Much to come from the inside. Sparks/catalysts. That which will light some serious fires in the way of the welcome and understandable continued upside Shareholder value of the tangible variety.
All being more than well.
And it was, very much, a battle. And the faithful longs can certainly give themselves a collective well-deserved pat on the back. With it being as earlier talked about. About America's Cleaning Company being, as a result of the self-serving lies and deceit/distortion routine, under that proverbial microscope. Having emerged all the stronger. A blessing in disguise.
And we have the fact of institutional level interest. The Reuters rating of Outperform. Top 30%. Not to mention the inflow of associated monies. That which will only gain strength over time. In line with fundamental and operational advancement. In line with pps advancement. The big money coming in.
America's Cleaning Company
The taking of the retail world by storm.
And gotta love it in the absolute!
Golden ground floor opportunity.
No two ways about it.
And, again, yes.
Management, not even slightly, about to pull that proverbial rug out from under the faithful. Management knowing well what it is they do. The means to achieving the needed senior listing the shareholder respectful way. And, so, yes. Do count on it. There's something truly earthshaking in the works in the absence of all doubt. Something going to send market level skyrocketing.
It's coming.
Nothing surer.
And in closing?
Well, let's consider the Dicon acquisition. The announcement. The timing. July 9th.
And?
Well, what would the market level reaction to such have been had the announcement arrived either yesterday or today? Post-capitulation, that is? Steady advancement? Our registered MM's not largely positioned short? Not self-servingly manipulating the downside? Collars and leashes routine?
Just as earlier. Early June reality. When material company events announcements saw market level steadily advancing. As expected. MM's positioned long. Profiting from the continuing upside.
It's been an (ahem) uphill battle.
The past month.
And now finished. Said battle won.
And there were those among us railing on about the Dicon announcement having no material market level impact. And understandably so.
And ugly, we know. But now finished. Over and done with. Our registered MM's back from the 'dark side'. Ready to play nice. The sustained upside. Earlier dynamics reestablished. Major to-smile-about announcements from the inside to see called-for market level impact. Serious green.
As previously.
T'was a battle for sure. But we won. The faithful longs. Prevailing. The payday we all fought for. The payday we all deserve. The payday that management has every intention of (ahem) delivering.
In the absolute.
Just a matter of continuing to hold tight.
The corner having been irrevocably turned.
Next trading week on the way.
More of the welcome and understandable green.
Sustained upside.
The taking of the retail world by storm.
And have a great weekend.
All.
Staying safe.
Pj,
Thank you.
And, certainly, one will never get the technical picture entirely right if MM considerations are not factored in. Said parties always seeking to maximally gain. The upside. The downside. And consider, again, the early June dynamics. Why the consistent upside. And because our registered MM's could only maximally gain from a long perspective. As there was nothing in evidence to suggest otherwise. No obvious downside pressures.
The day trader influence was minimal at best. No worthwhile degree of third party/parties short positioning. No toxic financing(s) activity. No dilutive activities, from the inside, otherwise. No getting naked. So on. And, so, market level soared. In line with company material events goings-on. Ideal scenario from a long perspective.
And we're largely back, as of this writing, to those earlier dynamics. That which we said would eventually emerge. The capitulation telling the story. The volume. Market level poised to explode in a sustained way. As previously. Our registered MM's ready to play nice. Just a matter of breaking resistance. That which will be readily accomplished. Additional sparks/catalysts to come. Plus a lot of new, and this time welcome, 'analytical coverage'. Long on fact. The fiction thankfully sidelined. Lots of welcome new money coming in. The ideal setup.
And, so, look for an Opening gap up and a seriously strong Close on huge upside volume. In understandable anticipation of what next trading week holds in the way of continued good word from the inside. All that same is poised to yield at market level.
It didn't come in the absence of a blood and guts battle but the faithful longs did prevail. The earlier dynamics reestablished. Market level poised for the sustained upside. Just as previously. The welcome new money coming in going to go a long way toward yielding the overall desired outcome. The inside gearing up to release formal word to truly get excited about.
Coming soon.
Fred…
The Dicon acquisition was a move every bit as brilliant as 'The Smarter Sponge' marketing/branding intent. The deal cementing the realities of America's Cleaning Company's original SKU's being more than well-received on a consumer basis.
And from the relevant filing...
' ...and agreed to provide Dicon with (i) up to an additional $250,000 for Dicon’s purchase of manufacturing equipment for a second production line dedicated to the manufacturing of our products, as well as (ii) an inter-company credit line of $270,000 for Dicon’s general working capital needs.'
[ inter-company credit line of $270,000 ]
Parent to subsidiary.
The meeting of demand/anticipated demand.
And as for SpongeBob?
The situation made plain…
(May 1)
'SPNG... today announced that the Company is prepared to launch SpongeBob SquarePants bath sponges for kids in partnership with Nickelodeon and Viacom Consumer Products.'
[ in partnership with Nickelodeon and Viacom Consumer Products ]
[ in partnership with ]
'Since the announcement of this partnership on October 29, 2008, SpongeTech(R) has established a strong marketing strategy for its line of children's bath sponges.'
'The Company expects the initial shipments of SpongeBob SquarePants sponges to arrive at retail stores in the next 60 days. In the meantime, SpongeTech(R) is pleased to announce that the Company will be taking pre-orders now online at www.spongetech.com Due to the demand for the SpongeBob SquarePants bath sponges, each customer will be able to pre-order up to 10 of these sponges for $5.95 each sponge plus a shipping and handling fee.'
'The Company expects that the universal popularity of these animated characters should generate huge consumer interest in these bath sponges and result in a substantial new revenue stream for the Company moving forward.'
[ substantial new revenue stream for the Company moving forward ]
'The Company has an unprecedented opportunity to leverage a truly iconic brand into a vast market opportunity.'
[ unprecedented opportunity to leverage a truly iconic brand ]
'Management has worked hard with the Company's extensive sales force to maximize the market penetration of these new products in the short, intermediate, and long terms. In addition, the Company has secured sufficient manufacturing capacity to meet the anticipated market demand, which could exceed several million units in the first 6 months.'
[ to maximize the market penetration of these new products in the short, intermediate, and long terms ]
(May 12)
'SPNG ... is pleased to announce that the company has secured additional manufacturing capacity for the production of SpongeBob SquarePants, soap filled bath sponges, for children. This step was taken by management in anticipation of vast consumer demand for the SpongeBob product, as well as Dora the Explorer and Go, Diego, Go!'
[ in anticipation of vast consumer demand ]
'Management is also pleased to disclose that the Company has received strong levels of interest from retail stores for these Viacom licensed products. The company will be keeping investors abreast of both substantial pre-orders and the initial shipment of product to retailers in June. The Company expects the initial shipments of SpongeBob SquarePants sponges to arrive at retail stores in the next 60 days.'
[ has received strong levels of interest from retail stores ]
[ will be keeping investors abreast of both substantial pre-orders and the initial shipment of product to retailers ]
'The Company is pleased that there has been such strong interest from retailers, with respect to the SpongeBob SquarePants sponge for children. Management has secured additional manufacturing capacity so that the company is capable of delivering product even if the demand exceeds everyone's expectations. At this point the company is capable of manufacturing more than 20 million SpongeBob SquarePants sponge units on an annual basis.'
[ more than 20 million SpongeBob SquarePants sponge units on an annual basis ]
And again…
'The Company has an unprecedented opportunity to leverage a truly iconic brand into a vast market opportunity.'
(July 1)
'"We look forward to celebrating SpongeBob’s 10th anniversary in July across the U.S. and Canada." In addition to SpongeBob, the Company will look to market two other popular animated Nickelodeon characters, Dora the Explorer, and Go, Diego, Go!.'
Management is proceeding.
In line with associated agreements and marketing realities. Being not about to proceed in any way(s) deliberately self-defeating.
The stage has been set.
Jason/JW…
In mid-May we heard about 'approximately $10 million in new orders'. By May 28th it was 'approximately $15 million'. On June 12th we heard about 'approximately $6.4 million in new orders'. By the 24th it was 'approximately $13.65 million of purchase orders'. By June 29th it was 'approximately $18 million in new orders'. On July 9th we heard about 'approximately $6.9 million in new orders'. By July 16th it was 'approximately $11 million in orders'. And by month's end?
And a new gross revenues record?
(June 15)
'SPNG ... has today announced that its marketing and advertising ("marketing") budget will be substantially increased to approximately $20 million for Fiscal Year 2010 ("FY '10"). ... Management has opted for this significant marketing budget increase, due to the widespread acceptance of SpongeTech®’s products in the marketplace and the exceptionally high reorder rate from existing customers.'
[ exceptionally high reorder rate ]
'The Company is also in the process of launching additional important new products that should drive strong revenue and earnings growth during FY '10 and beyond.'
(July 16)
'SpongeTech®’s various products are being received in the marketplace and the Company’s re-orders and new orders continue to come in from our retailers across the globe.'
[ re-orders and new orders continue to come in ]
The whole of it speaking volumes.
Which direction gross revenues are headed.
Paise...
Hello to you.
And thank you.
And will do.
And from earlier...
"With my forte being the NAZ. The vast bulk of my portfolio represented. There, every trading day, locking-in worthwhile profit. With the basement being what it is. The inescapable realities of the hosted venues. And no place for the fainthearted it is. Dog-eat-dog goings-on. Shark-infested waters."
As far as upstairs is concerned?
I'm a swing trader. Playing the volatility. My focus being, primarily, the NAZ-100. With both INTC and MSFT providing me solid paper gains recently. Ready to be locked-in.
A need of going where the money is.
Cyber…
Thank you.
And well done.
Kudos.
Kelly…
The one you reference is a full of crap day trader who routinely attempts to play this board like a fiddle. For personal gain. Posting factually being one thing. Posting otherwise being something completely different.
Just focus on the aforementioned. The welcome return to earlier dynamics. The fact of new and welcome 'analytical coverage'. New and welcome money coming in. Our registered MM's ready to play nice. Market level poised for an explosive sustained climb. As previously. Numerous sparks/catalysts to soon emerge. Inclusive of that to truly get excited about.
On the way.
And so, again, look for an Opening gap up and a seriously strong Close on huge upside volume.
In anticipation of next trading week and beyond. What same holds.
The time of the faithful longs having arrived.
Stay glued.
Kij, et al.,
Pure claptrap. The whole of it.
Not only are the percentage holdings of RM Enterprises made plain in the company's filings but, additionally, the follow-up buyback/cancelations detail. The rest of the story having been made plain per management and IR. On a less formal basis. Additionally, the story doesn't add up in terms of the entirety of the process relative to liquidating Rule 144 holdings. (The details we'll save for another time.) Just suffice it to say that the whole of it is pure claptrap. The usual nonsense.
As for the technical?
Just bear in mind that there are those among us who claim expertise on the subject but are, in fact, clueless.
And taking a look-see...
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p26728588254
For two weeks market level held up remarkably well. Against an unforgiving onslaught. And the money flow situation can be readily seen. The reversal. Back toward positive. And so, why then, the continued pps downtrend until the 14th? Order flow circumstance, after all, was conducive to the upside from the 10th/11th.
The answer being MM short positioning. Self-serving walk down. Collars and leashes routine. And, earlier, you'll recall that we made mention of the volume it took to precipitate the Low of the 14th vs. the volume it took to recover from same. The out-of-the-gate gap and walk down.
The point being that our registered MM's are now holding the inventory necessary to profit from a long perspective. If MM's are positioned largely short? You won't see any more of the significant upside than can be avoided. The self-serving. MMM.
Money flow circumstance has smilingly reversed. MM positioning has smilingly reversed. The technical signaling strength. White candlestick. Strong Close. EMA (Exponential Moving Average) trending positive. Toward crossover.
Coming sessions to continue to see the strong upside. MM's continuing to position long in line with the understandable order flow. Ongoing accumulation under circumstances of strong volume as we move toward something huge from the inside. A material company event(s) as talked about. Yielding shareholder value. In the form of the tangible. Massive.
It being a complete wash if company fundamental and operational advancement isn't reflected at market level. And ongoingly so. No senior listing. No laughing all the way to that proverbial bank for the faithful.
Currently, a situation of gross undervaluation. But not for much longer. Something huge being in the works. On the horizon. The associated reasoning having been provided.
In achieving the needed senior listing, management isn't about to pull that proverbial rug out from under the faithful. Not even slightly are they.
A bomb, or two, of a PR in the very near future.
The following of the bouncing ball.
Rich…
Kdub...
The associated reasoning was provided.
Kevin…
Company true value circumstance, being not reflected at market level, amounts to a wash.
Stay tuned.
Something truly huge is on the way.
In the offing.
Count on it.
Jeff,
The situation has changed. And changed recently.
We know that Mr. Moskowitz spoke of market cap. circumstance at the Conference. Also spoke of the open market buyback. The pps advancement of the time. We know that Mr. Metter has, earlier, addressed shareholder concerns. Speaking of the Outstanding count, as an example, and of unfounded rumors of no merit regarding same.
The whole of which, and more, cannot be reconciled with the response from IR. From Susan. And speaking of? Relative to a/the NASDAQ application?
And from June 17th…
(Susan)
"Once we have formally submitted the application, I anticipate we will have a release updating everyone."
And, so, okay. We now have conflicting detail. Inability to reconcile. And continuing…
(Susan paraphrased)
"Btw you never want management to get involved in the pps. She stated its a public co and the healthy way is for the public to determine the pps."
And this would be why management PR'd their collective concerns regarding manipulation? Why they formally stated intent to leverage such? To seek a way(s) to enhance shareholder value? Squeeze play?
And yes. Market level would, as we've talked about, find a fitting average trading base were it a case of the natural market forces of supply and demand routinely prevailing. In line with company true value circumstance ongoingly. In the absence of egregious abuse and greedy middlepersons. So on.
And what do we take away from it all?
Well, the value was there. An interim High of $0.2851. That which management was wholly excited about. But now? The squeeze play? To hell with it? To hell with pps circumstance? And the answer that I, personally, arrived at recently was reinforced by Susan...
(Paraphrasing)
"They haven't reduced as of now and maybe in the future they'll continue to but right now their focus is on expanding the co that is exploding way above anyones expectation."
[ co that is exploding way above anyones expectation ]
The crux.
The fact that management was taken completely by surprise. The initial SKU's finding tremendous appeal. Mass market appeal. Flying off the shelves. And, thus, the Dicon acquisition. M&A activity that cements the reality. Not just of the parent company in and of itself. But the business plan and model. The retail success. That which has management scrambling. Doing a wee bit of rethinking. A level of success that wasn't anticipated even slightly.
Previously, it was about the squeeze play. When pps circumstance was paramount. The obvious connection. But no more. Management choosing to sit on their hands as they have, as market level fades, tells all. Retreating shareholder value ignored.
The whole of it pointing to something truly huge being on the horizon. Something coming to the fore over the next two, or so, weeks. Possibly within days. Can't say what. But there's something. Something going to see market level explode. Skyrocketing. And, yes, we're talking dollar$.
The company, on a true value basis, as of this writing is massive. Current value and future value taken together. The success of the company's business plan and model taking management completely by surprise. The Reuters rating of Outperform, Top 30% reality, being something that management seeks to fully leverage.
And yesterday we saw what we talked about. Capitulation. And there are some in the know regarding what it is is coming. Is on the way. And are loading up accordingly. Loading up big time! There's going to be massive buying, massive accumulation, over coming sessions. The loading the boat hugely!
There's been recent board chatter about something huge being in the offing. On the horizon. And there's similar chatter currently afoot on the private side. Via the grapevine. Mention being made that now is not the time to be caught without a position in America's Cleaning Company.
And on the question of promoters?
Yes.
And again…
(From the company's latest Form 10KSB)
'* Michael Metter and Steven Moskowitz are promoters of Spongetech.'
Management are promoters of the company. The company being a public company. Ticker symbol and all. It being about marketing and branding.
America's Cleaning Company
SpongeTech
SPNG
The Smarter Sponge
Getting the job done.
And, so, just hold tight. As something truly earthshaking is on the way. Is in the offing. The way it shapes up as regards management's overall stance. As regards board and grapevine chatter. As regards the recent buying/accumulation. Money flowing in. A material company event(s) going to bring massive tangible shareholder value.
The dollar$ variety.
Don't blink.
Thank you.
Positive feedback always appreciated.
Cro…
Not a "wish" but a hope. A fervent one. That management will wake up to the reality and not proceed as earlier. (As discussed below.)
Wall…
Thank you.
And yes. We're, all of us, looking forward to the coming formal detail. Just and exactly what percentage of Dicon we, each of us, own a piece of. The exciting rest of it.
Will be telling.
Lake/Carol, et al.…
No argument whatsoever.
The simple reality being that management attended the NFE Conference (June 8/9) to present America's Cleaning Company to an institutional level audience.
Or, to put it another way…
The simple reality being that management attended the NFE Conference (June 8/9) to present a "scam" to an institutional level audience.
And who'd a thunk?
Reuters Company Research, thereafter, coming up with a well-considered rating of Outperform. Top 30% reality.
And, so, a "scam" of considerable merit, it would seem.
Hmm?
Management having made very clear the following…
(Initial Q&A)
"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"
"Yes. We have a meeting Thursday with NASDAQ. As you know , NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
[ As you know , NASDAQ has lost 700 companies this year, alone. ]
And speaking to the likelihood that the NASDAQ meeting would see management appealing to the common sense of the listing Council.
And, so, three of four.
And…
(Initial Q&A continued)
"Would you entertain a 1:100 reverse split to get listed?"
"Well, we’ll deal with it when…Right now we’re going to go there on the basis of what the stock is going to grow to. The time has come for us to move off the Bulletin Board."
[ what the stock is going to grow to ]
$4.00 Bid price as referenced herein.
And were it the case that the MOASS stage was set in full as of this writing? Successfully executed this trading week?
Well, does a High of $4.00 strike as being a realistic outcome from current trading levels?
[ what the stock is going to grow to ]
And over the past month? And growing? What's wrong with this picture?
Time, in the absence of all doubt, for formal word as talked about. For the inside to address shareholder concerns. To proceed in line with stated intent i.e., market level headed steadily north. Growing. The achieving of four of four. It being patently absurd to continue to ignore the glaring realities. The fact of the ongoing twisting of reality having an extremely material deleterious impact on all that management is working so hard to achieve.
Three of four with four of four required.
Where the sense in continuing to ignore the realities? How is four of four to be achieved in the absence of management stepping up to the plate? Sitting up and flying right? In the absence of clearing the air? Setting the record straight? Putting anxious minds at ease?
Doing what's right. What's simply called for.
What's gone on for the past month is extremely damaging. Undermining far more than just market level. A situation to not simply be ignored. Shareholder value being seriously eroded. Longer-term goals seriously undermined. Giving folks pause for thought. Second thought.
And there are those among us opining that our earlier run-up to $0.2851 was unhealthy. And such a stance is, of course, utter nonsense. The twisting of reality being that which should never have seen the light of day. And where would market level currently be in the absence of egregious manipulations? And were it the case that an NCM listing was the current reality? Well, what average trading base would be in evidence? Would it be a case of ridiculous gross undervaluation? Steadily eroding shareholder value?
The whole of it being ridiculous. Valuable time being wasted. When all management need do is that which Doug has done. Stepping up to the plate. Setting the record straight. Telling it like it is. Putting anxious minds at ease.
Rocket science it ain't.
Time's a-wasting. August is approaching. And by the time the fiscal '09 numbers are upon us? We need market level reflecting accordingly. A significantly higher launch base in evidence. The $0.50 to $0.70 range at minimum. Achieving four of four. The $4.00 plan successful. Squeezing our way to a senior listing.
And how much value could have/would have been preserved if management had, earlier, acceded to fervently expressed hope? Had proceeded as fits? As called for? Had fittingly addressed the twisting of reality situation? Setting the record straight?
Failing to act has been exceedingly costly. Seriously eroding shareholder value. Seriously undermining longer-term goals.
Ongoing business plan/model execution being all well and good. Awesome. But are we seeing market level reacting in accordance with such? With ongoing fundamental and operational accretion? The value-adding? Playing welcome witness, are we, to shareholder value heading steadily north? Growing indeed?
Time is a-wasting. And the faithful longs have struggled mightily. Ongoingly. Setting the record straight as best can be done.
Time, in the absolute, for the inside to do no less. To step up to the plate themselves. Such that subsequent formal word has the expected market level impact. The steady upside. Growth. The bringing of value. The tangible variety.
It would have been extremely easy for management to have stepped up earlier. As fervently appealed for. Common sense expressed. Preventing the erosion of value, and damage otherwise, that the faithful longs have had to endure.
Time to wake up.
August is coming and current trading levels won't cut it. Not even slightly. A need of a significantly higher trading base being in evidence. Achieving four of four. Successful squeezing.
A need of clearing the air. Of painting a picture. Putting anxious minds at ease. Of setting the stage as called for. Such that subsequent formal word has the intended market level impact.
The original opportunity was entirely missed. And a very nasty price paid for the unthinking inaction. That which could have been entirely avoided by virtue of nothing more strenuous than setting the record straight. Putting anxious minds at ease. That which Doug, again, has done. And how many of us view such as the right thing to do? Called-for approach? How many of us are grateful?
A Shareholder Update PR.
It ain't rocket science.
The inside fighting back against the ongoing twisting of reality. That which gives folks pause for thought. Second thought.
We don't want all that July and August hold in the way of material company events announcements to be simply dismissed at market level courtesy of unanswered questions hanging in the air. Giving folks pause for thought. Second thought.
How difficult is it?
It isn't a difficult concept.
Just do what should have been done weeks ago. Step up to the plate. Avoiding more of that which none of the faithful longs are even remotely happy about.
Waking up.
An all-encompassing Shareholder Update PR.
Ensuring that market level accretes in line with expectations. The mentioned growth. In line with ongoing company fundamental and operational advancement.
The NASDAQ awaits and we don't want a massive magnitude reverse split forced upon us.
Symbol ticker considerations and all.
Waking up indeed.
Paise…
From a purely technical perspective?
Market level is headed north in the absolute.
And all the more reason for management to step up to the plate. To come through as, once again, fervently appealed for.
We shall see.
CM, et al.,
It's a simple matter of filtering out the chatter.
There are those among us hosting the necessary brainpower to get the job done. Ability/capacity, that is, to provide the full reasoning behind one's more general contentions. The baseless blanket statements routine speaking, sadly enough, to a distinct lack of intellectual worth.
And can any of those, among us, manically claiming dilution, massive or otherwise, actually fully support their contention? Providing the full associated reasoning? Such as, for example, as yours truly did in a recent argument to the contrary? That said dilution contention is nothing more than trademark mindless chatter?
Simply filtering out dismissible chatter being for the overall best. Accepting the sad reality that our beleaguered world does play host to no shortage of those lacking intellectual worth.
And yes. Market level held very steady over the past two weeks. Held remarkably well against a constant barrage of mindless musings. And were it only that we were as of pre-June 11th. Prior to the short and distort goings-on getting into full swing. Prior to the primordial ooze releasing as it has.
With it being laughable that certain folks, among us, speak routinely of a supposed consolidation period being in evidence. Clueless wonders no end.
Today's market level action being every bit as choppy as upstairs. And noting the out-of-the-gate gap and walk down...
http://www.nasdaq.com/aspx/chartingbasics.aspx?intraday=on&timeframe=intra&charttype=ohlc&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off&symbol=SPNG&selected=SPNG
The volume it took to achieve the Low vs. the volume it took to recover. And Einstein need apply? Our ever-lovin' middlepersons hard at it as always. The ever-present charm of the OTC.
Order flow. The be all and end all.
Comical, it is, how so many among us rail on and on about paper gains diminishing/paper losses mounting when the larger answer is right there. Staring same in the face.
Weak hands and low-ball Buy orders.
With the good news being that today's session represents the turning point. Capitulation.
The ideal time for a Shareholder Update PR.
That which would go a very long way toward putting anxious minds at ease. A formal addressing of the constant twisting of reality routine.
Laying it all on the line. Speaking to shareholder concerns. Addressing questions in full. Outlining plan details as befits. Providing called-for specifics on all relevant fronts from the leveraging of criminal behaviors to NASDAQ intent to a buyout overture to continued M&A to projections and guidance numbers to product development advances. The additional SKU's that we were told would be soon coming to market. On and on. Putting anxious minds at ease.
Our knowing about Reuters. About Mr. Celia. About institutional monies coming in. The welcome understandable rest of it. The July and August factual. On and on. All to the good. And earlier we spoke of such an Update. Countering the short and distort ugliness. The constant twisting of reality. Management coming through as one would expect. Addressing shareholder concerns. Allaying fears. But no such.
Time to now come through. For the inside to set the record straight. Formal word. The honoring of fiduciary duties. Putting anxious minds at ease.
The ideal time.
Market level poised to surge. Capitulation.
With it being the case that fiduciary duties speak not only to the maximizing of shareholder value but to also the preservation of the pre-existing such. To do shareholders no harm. And how much value has been lost over the past month?
And an example from a Shareholder Update PR of several months ago…
'We noted on February 2 that there were roughly 700 million SPNG shares outstanding at that time. There have been no significant changes to date. All rumors to the contrary are unfounded and without merit.'
'It should be noted that on March 10 we petitioned the State of Delaware to increase the 'authorized' common shares to 1.5 billion from 1.25 billion. While we have no present intention to issue more shares, we acted on the advice of legal counsel to increase the authorization to provide for possible future acquisitions, shareholder dividends, or other corporate purposes.'
'Thank you for your kind attention and loyalty as we continue to create 'America's Cleaning Company.'
With market level surging from sub-$0.01 trading levels to the $0.03 area shortly thereafter.
And, sure, we know that management is busy building a very real company. An empire in the making. But a Shareholder Update PR would simply be the right thing to do at this juncture. Addressing shareholder concerns. Filling in a few blanks. A smart move. Called-for initiative. Putting anxious minds at ease. Reestablishing the earlier longer-term trend in the best way possible.
Time to step up to the plate. To clear away any/all fears, doubt, uncertainty.
Dicon acquisition, etc. notwithstanding. The July and August factual. The rest of it.
The time being ideal.
Market level poised to surge.
And a matter, additionally, of management taking the pressure off themselves.
And going back to last year...
(May 8th … Mr. Metter)
'Due to both time constraints and the huge number of calls and emails I have been receiving, I have decided to write this update and distribute it to shareholders as well as interested parties.
[ huge number of calls and emails ]
And how about now?
HQ flooded?
Simply doing that which is called for. That which fits.
And we shall see.
PM,
The precise share structure numbers are a current unknown.
There being a certain and specific plan being ongoingly executed behind the scenes. A plan destined to bring seriously tangible value to the faithful longs.
The share structure reality, in full, being made plain at the appropriate time. Sending cold shivers down the watery spines of certain egregiously self-interested parties among us. Parties watching closely.
Parties who, long ago, perceived themselves to be entirely clever. Ill-gotten gain scored. But little did they know that they chose to target precisely the wrong management team. Little faith did they have that the SEC would decide, finally, to sit up and fly right. To actually start honoring its own primary mandate regarding protecting the rights of folks at retail.
Parties going to, very soon, be madly scrambling to minimize losses.
And good luck on that one.
As for various financial sites? The detail to be found therein?
A matter of databases being updated. And if management isn't telling/talking?
And I'm sure you follow my meaning.
With company IR having ongoingly painted a fitting picture. The fact of the current share structure detail being entirely in line with plan execution. The aforementioned such.
With late August currently penciled in as the point at which the targeted share structure goal will be achieved in full.
Smile time for the faithful longs.
Something, quite different, for the mentioned parties.
Having targeted as misguidedly as they have.
And who'd a thunk?
Green and more green.
On the way.
Fred,
And a "big gun" answer?
Short answer…
A matter of America's Cleaning Company being incorporated in a way that leaves the Form 8-K filing to the discretion of management.
Additionally a matter of bearing in mind two considerations...
1_
The NASDAQ intent.
2_
Intent relative to the leveraging of criminal behaviors.
The first calling for the Authorized capital to be of a magnitude that is in line with longer-term company goals. Inclusive of ongoing M&A.
The second calling for an Outstanding count in the 200m area.
Just bear in mind that there have been, over time, numerous petitions to the relevant SoS regarding an amendment to the company's Articles of Incorporation relative to an increase in Authorized capital. And on June 12th we played welcome witness to an interim High of $0.2851. And where were the company's greatest detractors at that point?
June 2nd through June 11th seeing the highest daily average volume numbers in company history. And, all the while, pps circumstance was soaring.
And the relevant trading stats….
11-JUN-09 0.2500 0.1720 0.2350 233876000
10-JUN-09 0.1730 0.1290 0.1711 161612700
09-JUN-09 0.1406 0.1150 0.1399 139149900
08-JUN-09 0.1550 0.1069 0.1400 249856000
05-JUN-09 0.1039 0.0760 0.1001 176248700
04-JUN-09 0.0825 0.0561 0.0755 192795600
03-JUN-09 0.0569 0.0440 0.0564 166146000
02-JUN-09 0.0460 0.0380 0.0440 81605220
And the weekly trading stats. Noting the weeks of the 1st and the 8th [ bracketed]...
13-JUL-09 0.1090 0.0970 0.0975 63606680
06-JUL-09 0.1330 0.1000 0.1050 333467300
29-JUN-09 0.1370 0.1012 0.1155 304922900
22-JUN-09 0.1780 0.1200 0.1246 330425800
15-JUN-09 0.1890 0.1100 0.1683 447837600
[ 08-JUN-09 0.2851 0.0750 0.1700 1334350000 ]
[ 01-JUN-09 0.1039 0.0361 0.1001 651913100 ]
25-MAY-09 0.0430 0.0350 0.0395 225538300
18-MAY-09 0.0560 0.0350 0.0418 570673700
11-MAY-09 0.0370 0.0202 0.0368 415199100
04-MAY-09 0.0225 0.0175 0.0202 293594000
27-APR-09 0.0199 0.0128 0.0197 269084800
20-APR-09 0.0210 0.0142 0.0148 275283800
13-APR-09 0.0230 0.0154 0.0185 235234500
06-APR-09 0.0280 0.0180 0.0209 190306400
30-MAR-09 0.0300 0.0079 0.0239 466875100
23-MAR-09 0.0086 0.0070 0.0080 176810400
16-MAR-09 0.0097 0.0060 0.0079 196224200
09-MAR-09 0.0125 0.0080 0.0085 111444700
02-MAR-09 0.0130 0.0102 0.0125 53597000
23-FEB-09 0.0129 0.0095 0.0126 113269000
Massive volume and from a Low of $0.0361 on the 1st to a High of $0.2851 on the 12th. And, so, does massive dilution make sense? Does the current trading pattern, volume inclusive, realistically speak to massive dilution? The current reality?
All being well.
No dilution, massive or otherwise. No more getting naked.
Just and simply the good old BB at its ever-lovin' finest.
Lies, deceit, distortion and all.
"The time has come for us to move off the Bulletin Board."
To put it mildly.
The Authorized goes up. The Outstanding goes down.
The bringing of value.
What it's all about.
Holding understandably tight.
Z4,
You're welcome.
And well said. Summed up nicely.
And thanks.
All is well indeed.
All the best to you and yours.
WP,
Unintelligible?
As in the case of "suicide notes and threatening letters"?
And indeed. Point out the specifics. Sorting the supposed chaff from the wheat.
As for Wendy?
"Stox,
Your posts are overall good and informative. However folks need to keep in perspective that not all has been correct considering you called .11 the obvious bottom (you used some word like "obvious"). Things aren't so obvious. I hope you are right about the rest of what you say with such confidence.
GLTA
Hannahzzz"
As for the gross undervaluation?
Order flow.
A combination of factors inclusive of the weak-handed and low-ball Buy orders.
None of it being rocket science.
Looking around, you'll find the answers.
"Seriously" indeed.
"Wow" indeed.
And all the best.
Indeed.
Dwang,
Emotions and equities don't mix.
If the true nature of the OTC is more than a body can handle?
Well, indeed, one need proceed accordingly. The reality being that the venues are a trader's paradise. It's not about investing. And when one does happen upon a prospect such as SPNG? America's Cleaning Company?
It's very much the case that the full potential will not be realized in the absence of a move upstairs.
And Mr. Metter...
"The time has come for us to move off the Bulletin Board."
Time to slow down. Getting a grip.
Emotions and equities don't mix.
Udog…
Thank you for the readership.
As for that which you find so obviously objectionable?
Well, point out the specifics. No baseless blanket statements. No mindless yammering. No devolving to gutter level. No other unwelcome approaches. Simply point out, just and exactly, where it is you feel my overall perspective is misguided in any way(s). My always being entirely open to entertaining worthwhile discussion. The calm, rational, sensible variety. Mutual financial benefit.
And there I'll leave it.
Wendy…
Thank you.
As for the calling of the bottom?
A little of what was said...
"In line with the bottom having been successfully called as of the 29th."
"The bottom having been hit as of the 29th."
"We hit bottom. Our having nailed it as of the 29th."
And...
(June 29th)
Low of $0.1012
(July 9th)
Low of $0.1000
(July 13th)
Low of $0.0970
Two weeks and a matter of 4%.
Harboring no expectations of the 'dark side' winning. Even remotely. Back to sub-$0.01 trading levels. The ongoing voracious attempt to undermine all. That which will demonstrably fail.
And recalling…
"Management having not sacrificed as they have, having not toiled as diligently as they have, for as long as they have, to see any outcome other than a long-term successful company. The bringing of value to all involved. Themselves, very much, inclusive."
Management not even slightly about to cave-in. The faithful longs being of precisely the same persuasion. The fighting of the good fight to continue. Coming sessions to see the talked about sparks/catalysts. The July and August factual. The rest of it.
And me? Yours truly?
I don't invest/trade with emotions in tow. And when posting I always do my best to get my facts straight. Unlike no shortage of others among us whom we won't name. With my forte being the NAZ. The vast bulk of my portfolio represented. There, every trading day, locking-in worthwhile profit. With the basement being what it is. The inescapable realities of the hosted venues. And no place for the fainthearted it is. Dog-eat-dog goings-on. Shark-infested waters.
With the ongoing battle to very much continue.
And best of luck to you, also.
And thanks for writing.
Daniel…
Fun and profitable.
With the full reasoning behind my perspective having been presented. What it is in the way of the empirical that points to the targeting of a buyout. Discussed at length. Inclusive of the fiscal '10 marketing budget ramped up to the $20m area. That which simply fits. Inclusive of the NFE Conference presentation. That which simply fits.
Management receives a fitting buyout offer?
My money says they'll be all over it like one of those proverbial dirty shirts.
And I, for one, certainly won't be arguing. Truly serious green. Hugely in advance of the $0.10 area.
As for the balance of our trading week?
My money, again, says we end green. And significantly so.
And may your buddy see the light. The reality of America's Cleaning Company.
And hopefully he(?) won't overlook any of Reuters Company Research nor Wayne Celia of Dicon nor Indiana Trust & Investment Management Co.
Scam indeed.
Cheers indeed.
Spongeni…
Thank you.
And absolutely.
Remaining calm, rational, sensible and seeing the light.
Green and more green.
Thanks for the positive feedback.
Always appreciated.
Kelly, et al….
On June 12th we saw a High of $0.2851.
The result of a steady buy-side preponderance from earlier in the month. Retail investors/traders entering/adding in line with the fundamental and operational realities of the issuing company. America's Cleaning Company. No miscreant shortists. No day traders. No market maker manipulation. An interim High of $0.2851 with the buy-side pressure continuing understandably.
The serious downside coming as a result of anything and everything that one could reasonably shake a stick at, outside that is, of unfavorable changes to America's Cleaning Company. Absolutely nothing of a fundamental nor operational nature to justify a massive selloff. Not even close.
June 12th and an interim High of $0.2851.
The fundamental and operational realities of America's Cleaning Company having seriously accreted in the interim. With, as of this writing, true value circumstance being at a peak relative to company operating history.
And the recent trading pattern overall?
Well, did said pattern serve to preclude the Dicon acquisition? Was Mr. Celia entertaining second thoughts based on pps and overall trend? Or was his general stance one of unabashed excitement?
And...
'Teaming up with SpongeTech® is the perfect solution to providing a strong portfolio of innovative products that management believes will blow the marketplace out of the water.”'
[ blow the marketplace out of the water ]
And from earlier…
"The simple reality being that market level, currently, is dismissible. The realities of the pending audited numbers, complete with projections and guidance, and coupled with achieving the sought-after senior listing will reflect what an investment in America's Cleaning Company is actually all about."
And factor our registered MM's out of the picture? And the overall trading pattern would be very much different than what we're routinely witnessing. Being empowered to go long or short at will opens wide the door to massive greed. To circumstances such as gross undervaluation. Market level reflecting in a way that in no way, whatsoever, is commensurate with the true value reality of the issuing company. ACC. America's Cleaning Company.
MM's and order flow circumstance.
The way it is.
Why it was that pre-June 12th we saw what we saw. The appropriate order flow. MM's playing nice. The continued upside.
But no longer. Miscreant shortists. Day traders. Market maker manipulation. More.
The BB at its ever-lovin' finest.
And, indeed, dismissible at the moment. Coming sessions to play welcome witness to the talked about sparks/catalysts. The July and August factual. Inclusive of how the numbers are continuing to shape up.
Much on the horizon.
The understandable upside.
Lou…
Firstly, there's evidence enough that we've called the situation right. It having become obvious enough, at this juncture, just where management is headed. Seeing those proverbial wheels turning.
Targeting a buyout.
And, yes, such an overture could come at any time/moment. A valid such. PR'd detail sending market level into orbit. In line with the numbers you presented. In advance of even $1.00 being not unrealistic based on circumstance.
With a need of bearing in mind that there is the Reuters rating. What same means. And institutional level monies already coming in. What same again means. The coming fiscal '09 audited numbers representing a watershed moment for all involved. Major turning point. And for far more reason than one. All of it discussed at length.
Just a few more weeks.
What it all means in terms of institutional level interest. The analytical. The principal.
The numbers having strengthened markedly from the point of June 12th. Numbers poised to continue to strengthen over time. In line with reorders and new orders. In line with successfully sourcing and advantaging new sales and distribution channels. In line with clever marketing/branding approaches/tactics. In line with additional capital targeted toward marketing/branding initiatives. In line with continued M&A activities. In line with synergies and economies of scale kicking in. Much more.
And…
'“Due to the overwhelming increase in sales and demand for our products, we felt the best interest for the Company was to acquire Dicon,” said SpongeTech®’s CEO, Michael Metter.'
[ Due to the overwhelming increase in sales and demand for our products ]
Speaking for itself.
The reason why Dicon was acquired. The outlay of cash wholly justified. Just how entirely real/valid it all is. No smoke and mirrors routine. As real as it gets.
Market level will, very soon, being its ascendance back to $0.2851 and far beyond. Far in advance of. With management targeting a buyout in the absence of doubt. An any time/moment proposition.
Entirely realistic.
And as for the phantom shares position?
The perpetrators having acted last year. Under circumstances of an entirely different regulatory environment.
And recalling…
"The perpetrators obviously figured that the SEC wouldn't come through and that management would fail in their ongoing effort to being value to shareholders. But no such. The SEC came through and so has management. Putting said perpetrators in a very costly (ahem) position. The criminality being, now, the lever to the longer-term success of the company. The tables turned. And how poetic of course. Having the last laugh. And who'd a thunk?"
A matter of said perpetrators feeling once comfortable. That the SEC wouldn't adopt the stance it has. That management was nothing more than representative of the typical OTC startup. But no such. The opportunity to buy-in at lowest possible cost being a permanent thing of the past. No tanking to a sub-$0.01 pps. Not even slightly.
A rating of Outperform.
Top 30%.
The plain and simple reality.
A little something that market level, currently, reflects precious little of.
The faithful longs to, very soon, have their day.
Graven in stone.
A number of watershed moments on the horizon.
The factual, the truth, prevailing.
Carpe…
Appreciate the information.
And, most assuredly, criminals will pay.
Green and more green.
It's coming.
Thanks, as always, for the positive comments.
Together, we win.
Many agile minds acting as one. Getting the job done. Overcoming all of that which is routinely posted and routinely misguided. Be it a matter of the self-serving deliberate or simple ignorance.
Alex…
True story.
In the beginning I was by no means convinced of the existence of the phantom shares position. Having read the posts on the subject but being wholly unconvinced and posting in opposition accordingly. Noting that neither the current regulatory environment nor the trading pattern were supportive of any such. Latter day goings-on. The turning point coming when a little something irrefutable was shared with me on the private side. A little something pointing to the very strong likelihood of a phantom shares position in the 200m area. With any additional such shares being unsubstantiated at this point. The details to soon come.
An 'entrenched' position being what we're talking about. Created long ago. Prior to the current regulatory environment being fully in place. The point at which management became serious on the buyback front. The involved parties, very seemingly, so outrageously audacious as to have contacted said management in a brazen attempt to 'legitimize' their criminal activities. And is there an MM('s) directly involved? Or simply acting as a conduit(s)? And we can't say.
What we can say is that management is determined to fight back. To not tolerate criminal behaviors. And kudos. With the crux being to reduce the Outstanding count to a/the level that clearly exposes the reality to both the DTCC and SEC. And an expensive proposition same is. Not to mention the general expense otherwise. The legal costs, for example, in getting the job done. Not going to come cheap. The DTCC and SEC involvement and all. We're talking significant overall expense. But well worth it when all is said and done.
And earlier we said/asked…
"And whether management turns to M&A as the means of achieving the senior listing, we can't say. But does relying on the MOASS, in concert with operational and fundamental realities, as the means of achieving the needed initial listing pps represent a truly sound approach?"
And all we can say is that there has come no formal word telling of management having abandoned their original thinking.
And, so, a great expense. And we acquired Dicon in an all-cash deal. Big bucks. And we talked about no associated debt or dilution for the parent company. And is same entirely accurate?
Well, relative to no dilution we have the clearly stated (see below) in the relevant PR. But as for debt? Well, no, we can't say with absolute certainty. Our not knowing the actual source(s) of the involved cash. But what we can say is that had management entered into, as an example, a debt-based financing arrangement with a third party/parties, we would know. As any such would represent a material company event. Calling for full and fair and timely disclosure. SEC rules/regs. And additionally we have…
(Mr. Moskowitz)
"The growth of the Company has given us the ability to acquire Dicon without dilution."
[ growth of the Company ]
And additionally...
"We believe that this acquisition places SpongeTech® in an excellent position to maximize the value of our Company and its future."
[ maximize the value of our Company ]
And, so, is management thinking buyout? And my money says yes. Management maneuvering to attract a fitting buyout offer(s). NASDAQ intent and all. Providing all involved a major league serious return. NASDAQ and buyout. Management, after all, are promoters. Promoters who hit upon a golden opportunity and are making the most of that opportunity. Doing a more than admirable job. Cash cow bliss and all.
Building a successful public company and then selling same. Megabucks. Massive rapid return. And why is it, do you suppose, that those startup operations that Microsoft routinely targets are so eager to comply?
True value circumstance. Price premium.
The ramping up of the fiscal '10 budget to the $20m area amounts, after all, to getting seriously in the face of certain closely watching multinationals.
And, so, the involved cash. The Dicon acquisition. With the ongoing buyback activity placed on the back burner as a result? A paucity of ready cash? The $4.00 plan pushed back? Or a matter of cash flows ever-strengthening?
Well, Mr. Moskowitz has recently confirmed for us that the RM Enterprises holdings situation will be completed by late August. The buyback. Which tells us that RM Enterprises' time as an ongoing source of operating and growth/expansion capital has likely drawn to a close.
The whole idea, after all, being about achieving the senior listing. Being positioned to raise needed capital on the most favorable of terms from a third party/parties. Leveraging receivables and all. The relevant PR being there. No more a need of management putting their own money on the line in the absence of a direct return from same. Though, of course, the indirect return speaking for itself.
With the fact of having applied one's own money in getting America's Cleaning Company on that proverbial map speaking additionally to a buyout goal. The fact of being debt-free. Dilution-free. With Dicon now in the fold. Attractiveness to a fitting suitor(s).
NASDAQ and buyout.
Promoters extraordinaire.
The whole of it being an easy enough read.
And where would market level currently be had the 'short and distort' routine never emerged? Had the natural market forces of supply and demand been allowed to ongoingly prevail?
Will the $4.00 plan succeed?
Well, let's say that, as of this writing, the stage is set in full. The MOASS underway. A position of 500m we'll call it. Phantom shares reality. Massive buy-in afoot. A flood of orders to the buy-side. One hell of a breakout! And where the top?
And how about the same scenario but for the sole exception of a higher launch base? The $0.50 to $0.70 range let's say?
Recalling, of course, that the Outstanding count has been reduced to the 200m area.
And an eye-opener?
Just a few more weeks?
Market level has been under siege for one month as of today. From June 12th. The company's registered MM's no longer consistently playing the long-side. The day traders introduced into the equation. Miscreant shortists in abundance.
One month of no end of lies and deceit/distortion.
Management being hard at work to overcome. The faithful longs no less so. Routinely setting the record straight. Doing a fine job.
And we played welcome witness to the PR's we were seeking. The bomb variety. Early July numbers. Dicon acquisition.
With much more of such to come. Sparks/catalysts in abundance. The July and August factual. The stage set for a massive breakout. For the past month of miscreant behaviors to be wholly overcome. Market level finally reflecting in line with the true value reality of America's Cleaning Company.
On the way.
The green we seek.
Higher launch base achieved in large part.
Neither management nor the faithful longs about to cave-in to a self-indulgent mob of the depraved. Spewing their constant vileness. Taking obvious sick pleasure in the perceived financial misfortune of others.
The serious upside on the way. With no looking back. Miscreant (and worse) shortists in for a seriously rude awakening. Adding to the momentum. That which simply fits.
America's Cleaning Company.
Rating of Outperform.
Top 30%.
Worthwhile analysts at work. Seeing the light.
The truth.
That which always prevails in the 'end'.
The green we seek. The green that simply fits.
On the way.
Major markets/exchanges inclusive.
A permanent end to being ridiculously grossly undervalued.
The factual, the truth, prevailing.
Thank you to all.
Kind words appreciated.
Wes...
You're welcome.
And it's always a case of risk/reward. A risk/reward call. Never any different. With an investment in America's Cleaning Company, at the current cost of admission, amounting to the obvious. My having increased my own original position by 40% just recently. The risk/reward reality being sore thumb obvious. The downside potential vs. the upside such. Couldn't be simpler.
Quality of management being the always key. And on this one we couldn't ask for better. It's just a shame that we inhabit a world so flesh and blood polluted. That all of us aren't cut from the same worthy cloth.
Paul...
Thank you.
And if I am crazy?
Well, it's like a fox.
R...
Thank you.
And will do.
And yes.
The risk/reward scenario is very much stellar. No argument whatsoever. As good as it ever gets at basement level. A more capable, competent management team we couldn't ask for. Nor more shareholder respectful. And with that said? Well, what other OTC startup can boast the stellar fundamental and operational advancement that America's Cleaning Company offers? Remarkably short time span reality? Can boast similar numbers? Cash cow bliss?
Relative to the typical OTC startup we're talking massive shareholders' deficit, empty revenues, negative cash flow, massive loss carryovers, on and on. And not forgetting about toxic financings. Shareholder value be damned! The OTC typical.
Good to be a part of America's Cleaning Company as both a consumer and shareholder.
The Reuters analysts having crunched the numbers, the maker of The Smarter Sponge, and came up with a rating of Outperform. Top 30% reality. Fitting assessment. And how will said assessment change come the fiscal '09 audited numbers being generally available? Posted to the relevant data base? The July and August numbers factored in? Projections and guidance relative to September and forward? And what impact will the marketing/branding as The Smarter Sponge have? Cash flows and bottom line?
The Smarter Sponge
And damn smart!
And prior to the 'short and distort' routine all was indeed well. Smile time. But a group/groups of opportunists saw an opportunity. And set about to fully advantage same. And being, as yet, still hard at it. Attempting to tank market level back to a sub-$0.01 pps. Legitimate shorting activities, yes. But based on a pack of lies and deceit/distortion no end. The constant twisting of reality. The whole of it having been started by a certain 'The Dean' of 'collegestock' fame, and equally self-interested others, back on June 11th. The blogging of self-serving 'analyses' short on fact and long on fiction. The follow-up FUD routine. Same still ongoing. All of it. No letup. Seeking to maximize ill-gotten gain. Vested financial interest in precipitating the serious downside.
With management toiling diligently to overcome. The faithful longs continuing to fight the good fight no less. Ongoingly setting the record straight.
And the truth shall always prevail.
And Abraham Lincoln…
"Truth is generally the best vindication against slander."
A well-considered rating of Outperform. Top 30%. Some of the involved analysts having attended the NFE Conference. Seeking a golden opportunity, or two, in a difficult global economic environment. With America's Cleaning Company fitting the bill perfectly. Being entirely resistant to the global downturn. Cash cow reality. Net earnings. The to-smile-about rest of it. And, so, small wonder why the far-from-subtle recommendation to clients. Outperform. Top 30%.
Saying all same has to/needs to.
And thanks again.
Fred...
The company's registered MM's are very much shorting. Ongoingly. Session-over-session. Long on the way up. Short on the way down. And the whole of it might seem a tad confusing but it's not...
First came the phantom shares. Created last year. Pre-September. And I set forth my challenge. To any and all. To explain, fully, just how, in the current regulatory environment, any party/parties, anywhere, can successfully create phantom shares within the confines of the published clearing system. To fully outline the steps by which such can be achieved. The position(s) created and successfully hidden from regulatory eyes ongoingly. And said challenge still stands. No baseless blanket statements but a clear outlining in full. The details.
Secondly came 'black' Friday. Legitimate shorting but based on lies and deceit/distortion. All of same still very much in evidence. And is America's Cleaning Company a pump and dump scheme? Is there an open/active SEC investigation? Has there been a trading halt? Is there massive ongoing dilution? Has there come a reverse split? Is there any direct/detrimental connection to the recent litigation judgment against Mr. Metter, and others, surrounding the personal guaranteeing of a loan? And the Rule 144 Opinion Letters yammering? And any truth there? And what would your educated guess be? Based on the track record to date?
And rocket science, it ain't?
The shortists are, very much, among us. Toiling diligently every day, holidays and weekends inclusive, to precipitate the serious downside. To, hopefully, tank market level. Spewing their constant misinformation/disinformation. The twisting of reality. With our registered MM's proceeding, always, in line with order flow circumstance. Upside preponderance and it's long. Downside preponderance and it's short. Adding to the volatility as talked about. And get rid of said MM's and the faithful longs could actually have some fun session-over-session. Level playing field for all involved.
The reality of it all is there. For all to see. Exactly what it is is going on/has gone on. Not a mystery even slightly. The earlier phantom shares creation. The making of a buck. Daylight robbery. Not even a tax liability. All profit. Until, that is, MOASS time. Management kicking a few deserving rears. All the way to the curb. And the more recent 'short and distort' routine we have. With those remaining, still short, being on the verge of a truly rude awakening. The plain and simple reality that the upside is unlimited. And an upside coming soon. With no looking back. Truly serious green is coming!
A rating of Outperform.
Top 30%.
The truth of America's Cleaning Company.
The maker of…
The Smarter Sponge
And smart indeed.
The coming fiscal '09 audited numbers being the key. The key to completion of due diligence all around. The big money getting serious. Different class of investor/trader seriously entering the picture. The key to the MOASS. Higher launch base and all. And the July and August numbers will be available. Seeing just how effective the marketing/branding as The Smarter Sponge has been. The key to a fitting buyout overture. The key to the M&A route to achieving the senior listing should such be advantaged. So on.
A matter of just a few more weeks.
The August/September timeframe.
And no. We don't know the precise mechanism by which management will force the phantom shares artists to buy-in (cover) in full. There being several available methods. Involving, again, certificates, CUSIP number, dividends, etc. Combination of same.
Having to wait and see.
Our simply knowing that there is a certain and specific plan. And same is certainly understandable given…
(Mr. Metter)
'The Company believes that the stock is being artificially manipulated and as such is currently examining several options that can be employed for the purpose of enhancing shareholder value.'
[ examining several options that can be employed for the purpose of enhancing shareholder value ]
Many months having passed since the referenced passage hit the wires. Plenty of time to have formulated an effective plan.
MOASS.
Payday.
SPNG millionaire$.
And no again. We can't say what will transpire in the interim. Between now and the fiscal '09 audited numbers going primetime. Most anything being possible. And same certainly includes more exciting material company events. Such as continued value-adding/accretive external growth/expansion. The adding of more subsidiaries. The walk-in variety.
And, certainly, we are talking the value-adding/accretive. Mutual benefit considerations additionally. All involved parties winning. It being hardly fitting for management to be targeting M&A prospects of a fundamental and operation nature destined to seriously undermine the parent company come the definitive. Utter nonsense. The value-adding/accretive being what we're talking about. Intellectual properties rights and all.
The faithful longs holding understandably tight. Continuing to fight the good fight. Criminal shortists getting understandably nervous. Equally nervous 'short and distort' artists toiling desperately to preserve fleeting paper gain. Market level poised to explode. Fitting massive green. In line with a clear assessment by worthwhile analysts. Analysts having been up close and personal with management at the NFE Conference. Having crunched the numbers. A well-considered rating of Outperform resulting. Top 30%. The truth.
And, so, small wonder why the miscreants among us are nervous. Are as so obviously desperate as they are. Having to resort to scraping the bottom of that proverbial barrel in twisting reality. Rule 144 Opinion Letters fantasy. And to whom exactly has Rule 144 restricted stock been issued over time? The filings, after all, are there. Desperate in the absolute. Sinking ever-lower. (As if such were possible.)
The MOASS.
The reality.
The Mother Of All Short Squeezes.
The plan, as we know it to be, as of this writing.
Leveraging criminal behaviors.
Steadfast refusal to cave-in to 'ransom' demands. Demands that strike as being entirely plausible. Unmitigated gall.
The faithful longs holding for the pyrotechnics to come. When all hell does break loose. And will there come a PR on the subject? And most assuredly there will. Outlining said plan in detail. Once the trap, that is, is set in full. The DTCC and SEC part of the proceedings by necessity.
Fun and profit.
Leveraging criminal behaviors. A little deserving retribution. From a position of 'power/control' to having the tables completely turned. And who among the faithful longs isn't loving it? All of it? The best kind of payday. Management now in the catbird seat. Grinning ear-to-ear. Loving it indeed.
Green and more green.
Just a few more weeks.
Desie…
Thank you.
And will do.
And, indeed, the faithful longs shall prevail. The truth always does. And on the subject of the MOASS in general?
Well, a little something that needs (ahem) clearing up. There being a great deal of confusion afoot about the ex-clearing goings-on. How it all actually works. And, so, to clarify...
There are two considerations relative to market level transactions. One being the money involved. The other being the equity involved. Transference. From one party/parties to another/others. Many among us being of the erroneous stance that ex-clearing activities are of an entirely voluntary nature. Simply done at will. And nothing could be further from the truth. Any/all FTD/FTD's taken ex-clearing arise only one way. With that one way being with the blessing of the DTCC. A broker/dealer being mandated to apply to the DTCC for permission to take an FTD/FTD's ex-clearing. And if, and when, the DTCC grants said permission?
Well, that's when things can get ugly.
It being also important to note that there is a fee involved. The payment of a fee to the DTCC. An application fee.
And a note…
Were it the case that ex-clearing activities were purely voluntary? An 'at will' situation? No DTCC connection/control whatsoever? Well, one can readily see where truly massive abuses could result. Putting the integrity of an entire global industry into dire jeopardy.
And, so, once permission is granted by the DTCC the settlement of the FTD/FTD's in question becomes one of a private contract between broker/dealer's. A contract that can be structured such that delivery obligations are never met. Ongoingly delaying the T+3 mandate. Nakedness resulting.
Pure profit until a full buy-in comes about either voluntarily or by way of coercion.
The DTCC being, thereafter (post-permission), entirely out of the picture. No policing. No oversight. Nothing mandated with regard to ensuring that actual settlement/delivery does take place within a reasonable timeframe. But the DTCC does maintain the records. Who applied to take an FTD/FTD's ex-clearing. There being a paper trail.
And while we can't say just and exactly how our own phantom shares position came into being, how it is being hidden, we do know that management is currently working on exposing the reality. In concert with the DTCC and the SEC. Preparing for the MOASS. Exposing and then squeezing. Forcing a massive buy-in.
The bottom line being that an investment in America's Cleaning Company amounts to a total no-brainer.
And whether at sub-$0.01 or $0.11 or $0.2851.
There, plainly and simply, being a truly massive ROI on the horizon.
From achieving a senior listing via the MOASS route to achieving said listing via the M&A route to the prospect of a buyout overture. The wholly welcome rest of it.
The fundamental realities. The operational realities. Ongoing growth/expansion.
All of it.
Total no-brainer.
Market level poised to skyrocket.
A permanent end to being ridiculously grossly undervalued.
The upside pressure ever-mounting.
Holding understandably tight.
Self-satisfied grin and all.
Money in the bank in the absolute.
Thanks Lex,
Very much appreciated.
And best of luck to you too.
Regards.
Jim, et al.,
Mr. Moskowitz during the Conference presentation...
"That was one of the things that really helped our stock price going up in the last month. By doing the buyback."
And we know, for a fact, that significant amounts of RM Enterprises holdings have been reacquired and canceled. And all in the name of simply throwing money away? And if phantom shares were being still created? Massively? As of this writing and earlier? Well, would an open market buyback make sense? Add up?
And again...
'On September 5, 2008, the Company announced a share repurchase program. ... The repurchase plan will expire after 12 months.'
[ On September 5, 2008 ]
And why that particular date?
And Mr. Metter from September 2008...
'With such a volatile stock market comes tremendous opportunity. In light of that, coupled with the change in the SEC shorting rules, the Board has decided to increase our corporate stock buyback in the open market from 25,000,000 shares to 50,000,000 shares effective immediately. We have to date purchased in the open market over 10,000,000 shares thus leaving 40,000,000 more shares to buy.'
[ coupled with the change in the SEC shorting rules ]
And additionally from Mr. Metter...
'Management believes that our stock has been influenced by the illegal practice of 'naked short selling'. These people, or entities, are trying to undermine the shareholders' confidence in our Company, trying to induce you to sell your stock, and, in simple terms, hoping that if you do they will be able to buy back their short position sale at a significantly lower price. They use detailed and complicated systems, and even sell from overseas through other exchanges, to sell nonexistent shares all day long trying to create a disparity between legitimate buy and sell orders.'
'These unscrupulous entities strategize to create stock price erosion in an effort to try to force us to continue to dilute the Company to raise funds. As you know, we have invested significant money into our Company and hold a large position in stock that is not registered and cannot be sold. The float of the Company is significantly lower than the authorized and outstanding shares issued by the transfer agent. There are upwards of 300,000,000 shares that cannot, and will not, be sold into the market that could affect price dilution of our security.'
The open market buyback proceedings came largely into being following the SEC finally honoring its own primary mandate of protecting the little guy/gal. It being entirely stupid to execute a significant buyback under circumstances of massive phantom shares being created. Said phantom shares creation being no longer an issue (no pun intended). Not happening. Not since last year. And, sure, unthinking folks among us do post stupid comments on the subject. And so be it. And let any of same, instead of the trademark baseless blanket statements routine, actually explain the mechanics of just how nakedness can result, via the published clearing system, given the recent amendments to SEC rules/regs. on the subject. Edifying the clear-thinking rest of us.
And any takers?
The only way for any such to be effected, currently, would be via ex-clearing accounts. The contractual. Settlement outside the published clearing system. And not only would any such be a truly huge regulatory risk in general but would also be financial suicide in light of the upside potential in general. Widely known managerial intent as regards not tolerating such egregious abuse. Intent to fight back in a very serious way. And, sure, a smaller OTC outfit would likely be seen as just blowing smoke on the subject. But America's Cleaning Company? And not hardly as the fundamental and operational realities are there. The Reuters rating of Outperform. The glaring rest of it. There being far too much at stake. Far too much to lose. No blowing of smoke. Not even slightly. The evidentiary being there. The intent being very real. MOASS.
There being no creation of phantom shares. None. Not since last year. Simply not happening. Trading pattern realities and all. Total nonsense.
Management having executed buybacks. Open market and RM Enterprises. Cancelations ongoing. In line with the MOASS intent. A higher launch base. Exposing. Squeezing. The $4.00 plan.
Not a matter of simply throwing money away.
Time to wake up.
And on the subject of Dicon?
It being, again, about intellectual properties rights. Where the value lies. America's Cleaning Company, alone, seriously accreting the value/valuation of Dicon over time. It making huge sense to acquire the company. Simply adds up. We just don't yet know whether as a wholly owned subsidiary or majority owned/controlled. And we'll find out soon.
Said acquisition seriously intensifying the prospect of a buyout overture. Not to mention the obvious cash realities. And with that said? Well, how about what we talked about? About the cash needed re the MOASS? Cash for ongoing operations? Cash for continued growth/expansion? Etc?
And speaking volumes? Cash cow?
And, sure, market level does stink. The major markets/exchanges volatile. Self-serving middlepersons. Miscreant shortists. Day traders. On and on. But not to worry because there's coming a breakout. The massive upside. Only a matter of time before reality sets in and we see the talked about $0.05 to $0.10 advances session-over-session. And the major markets/exchanges seeing a rocket of a session right out-of-the-gate will be the beginning of it all.
All of us being here to make money. To turn worthwhile profit. And it couldn't be simpler. Buying and holding. As management gets on with getting on. Gets on with the $4.00 plan. The MOASS. An end to egregious manipulation. Egregious abuse. Massive undervaluation circumstance. A whole host of upside factors having been addressed. Inclusive of the big money and a different class of investor/trader coming in. Market level will seriously climb and soon. In line with undeniable realities. A rating of Outperform. The coming audited numbers. July. August. The rest of it. There's no holding this one down. Just a matter of time and it'll be breakout city! Far in advance of $0.2851.
Management, not even slightly, about to abandon their own ambitions nor their fiduciary duties. The bringing of value to the entirety of the company's shareholder base.
Market level is frustrating. No argument. Ridiculous goings-on. Egregious manipulation/abuse. But it is the BB. Life in the basement. The intent being to escape. Bringing market level fully in line with the true value truth of America's Cleaning Company. Current and future value taken together. The effect of applicable multiples inclusive.
Market level will very soon explode. Not implode. The shortists being in for a seriously rude awakening. The company's registered MM's to, once again, play nice. The day traders gone.
The MOASS reality being just a few more weeks. Completing the Outstanding target. Achieving the market level higher launch base. Exposing and squeezing. Our just not knowing the precise mechanism involved. But it's coming. Management being, absolutely, on a mission. The evidentiary being there. Not simply throwing money away. And entirely understandable. The whole if it. Should, that is, the bit about the 'ransom' attempt represent actual fact. Unmitigated gall.
Time indeed to wake up.
And to relax. Dismissing market level currently. As management, very soon, is going to come through big time!
And who among us was anticipating the Dicon PR? A bit of a surprise given the need of cash elsewhere?
The MOASS.
SPNG millionaire$ in the making.
Waiting for it.
Jason,
Yes. There is an after hours market at basement level. But such is not officially sanctioned. And how does it work? And simple...
Doing a 'bing' search you'll find a number of smaller broker/dealers offering 24/7 OTC trading. Outfits offering trading services between, and among, themselves. For a fee of course. The downside being the obvious lack of liquidity. But the service is there. Just not officially sanctioned. Should any party/parties be seeking to execute a trade or two over a weekend or some such. Outside of regular trading hours.
And on the subject of PR's?
No PR hits market level in the absence of being first thoroughly vetted by company legal. Every PR receiving the called-for close scrutiny by parties most qualified in so doing. There being no deliberately false statements in any of America's Cleaning Company's PR's. Just the occasional innocent misstep such as Mr. Moskowitz's recent net earnings overstatement. Entirely unintentional.
Carol,
Ask yourself this…
"Would I exit in full were market level to, next trading week, hit an interim High of $0.30?"
And would you? Knowing what's very soon coming in the way of truly massive ROI? Managerial intent?
Everything in life being relative.
Hang in there.
Mike,
What it is you're looking for can be found here...
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=SPNG&SortBy=volume&Month=6-1-2009&IMAGE1.x=31&IMAGE1.y=9
All being well and then some. The BB simply being what it is. The 'black' Friday goings-on having had a major impact. And MM's will do their always thing. Day traders their always thing. Shortists their always thing. The rest of it. Life in the basement. What it is. Manipulation. Abuse. All of it.
And breakout will come.
The major markets/exchanges seeing massive green. Out-of-the-gate.
Management and the MOASS.
Being on a mission.
The way it is in the absolute.
The stage continuing to be set. All those ducks in a row.
Just a few more weeks.
All hell breaking loose!
SPNG millionaire$.
The plain and simple reality.
Leveraging criminal behaviors.
And have a great weekend.
All.
Thank you.
And you're welcome.
John…
Any/all forthcoming Form 8-K's will be in line with company material event(s) goings-on. In line with SEC rules/regs. In line with the relevant State of Incorporation. So on.
And let the company's greatest detractors spew as they see fit. Manically railing on and on while being proven wrong again and again over time.
The Outstanding count is being ongoingly adjusted in line with the $4.00 plan. It being imperative to leave the BB behind. Management's longer-term goal of gross revenues of $500m plus simply cannot be achieved in the absence of the top-tier attention that a NASDAQ listing will bring. Inclusive of capital being raised on the most favorable of terms. Operating capital and growth/expansion such. A need, perhaps, of multiple million$ should management start looking at numerous M&A targets. So on.
An urgent need of the senior listing.
Inclusive of market level being free to advance in the absence of egregious manipulation. Advancement in line with company true value circumstance i.e., current and future value taken together. Plus the effect of applicable multiples.
Leaving the BB behind ASAP. Essential.
Management having sacrificed greatly to date. Far too much to simply abandon said $4.00 plan.
And again…
"Management having not sacrificed as they have, having not toiled as diligently as they have, for as long as they have, to see any outcome other than a long-term successful company. The bringing of value to all involved. Themselves, very much, inclusive."
The Outstanding count being adjusted accordingly. All being said and done by the August/September timeframe.
And who knows what will actually transpire?
We could see a fitting buyout offer in the near-term. Entirely realistic. There could come an overture regarding M&A in achieving the senior listing. Etc.
Our knowing about the $4.00 plan but, certainly, should an alternative sensible approach of some kind/type/sort crop up in the near-term? Well, management would be wholly remiss to not at least consider such. Weather it be a buyout overture or whether it be about the senior listing. Or otherwise.
Anything being possible given the stellar fundamental and operational advancement of America's Cleaning Company in a remarkably short span of time. Much attention being drawn. Global reality.
Simply having to wait and see.
But in the absence of any worthwhile approach to the contrary?
The $4.00 plan is it.
A matter of just a few weeks.
"The time has come for us to move off the Bulletin Board."
Thank you.
Rich…
Thank you.
All the best.
PM…
A green finish to our trading week. All of the fundamental, the operational, the technical pointing up.
Understandable green.
Fred…
Buyout potential intensifies with every subsequent material company event(s) PR hitting the wires. The same way that Microsoft does it. Buyout before a worthy target(s) achieves a prohibitive value/valuation.
Sooner than later.
Potential intensifying hugely following the arrival of the fiscal '09 audited numbers and ascendance to the NCM.
The potential M&A approach to achieving the senior listing also intensifying.
Many more reasons than one to take a position in America's Cleaning Company and hold tight.
CM…
Very simple.
The $4.00 plan having been discussed at length. Picture painted.
And again…
A matter of reducing the Outstanding count to a/the level that clearly exposes the phantom shares position. Clearly demonstrates the reality to both the DTCC and the SEC. Without whose cooperation the plan, in the overall, cannot succeed. Reducing said Outstanding count to the 200m area as best we know as of this writing.
Mr. Moskowitz having recently confirmed for us the fact of the RM Enterprises holdings situation being completed by late August. Buyback completed. Retirements/cancelations completed. Open market buyback completed.
And…
'On September 5, 2008, the Company announced a share repurchase program. For the period ended February 28, 2009, the Company repurchased 55,824,336 shares of common stock at an average price per share of $0.0308. The Company will repurchase up to 100 million shares of stock under the plan. The repurchase plan will expire after 12 months.'
[ The repurchase plan will expire after 12 months. ]
Meaning completed as of September 5, 2009.
In line with the RM Enterprises timeframe of late August.
And when all is said and done?
Well, does it strike as being the case that management will be dawdling?
Given, that is, the ugliness of the BB? The urgency of a senior listing?
A matter of a few weeks.
The Outstanding count down to the necessary level. Market level at a fitting pps. In line with not just the Outstanding count but also the big money that will flood in in line with the fiscal '09 audited numbers. The July and August realities. Forward periods' considerations. Projections and guidance. Fundamental and operational advancement in general. So on.
The big money already in the picture. The NFE Conference proving up. The presentation. The Reuters rating of Outperform. Top 30% reality. As good as it gets.
Once the stage is set in full? All those ducks in a row?
Management will act. No dawdling. Clearly demonstrating the nakedness to the appropriate parties. And then squeezing. Forcing the guilty to cover their collective position. From a launch base in the $0.50 to $0.70 range and perhaps in advance of $1.00.
The August/September timeframe being it.
Matter of a few weeks.
Requirement number four in evidence.
And…
"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"
"Yes. We have a meeting Thursday with NASDAQ. As you know , NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
The August/September timeframe.
Four of four.
Or close thereto.
Close enough to get the job done the shareholder respectful way.
Senior listing achieved.
NCM component.
And as for market level in the near-term?
Well, my personal perspective, in light of the big money starting to enter the picture and in light of a welcome different class of investor/trader coming in, is in line with that of several clear-thinking others among us.
That in very (ahem) short order we'll play welcome witness to market level moving in significant increments. Not just a penny or two here and there. But solid advances of $0.05 to $0.10 per session. With no looking back. The balance of July and into August.
SPNG millionaire$ in the making.
The stage set in full. All those ducks in a row.
A management team to be truly proud of.
A management team having, long ago, earned this boy's unwavering respect and admiration.
The making of an empire.
Credit where it's due.
Plain and simple.
Rdaily..
Amen.
Lou,
Yes. Absolutely.
But with a need of bearing in mind that Walmart is largely a discount operation. The fact that the company's customer base has consistently stated, via informal surveys, that low prices is the number one reason behind giving the company their collective loyal custom. And for years, up until the fall of 2007, the company's slogan was…
'Always Low Prices'
The new slogan becoming…
'Save Money, Live Better'
And during the NFE Conference presentation Mr. Metter showed the following in slide format...
'U.S. Retailers: WalMart, CVS, Costco, Walgreens, SuperValu, Ace Hardware, HSN, Kroger, Basha’s'
And additionally made the following comment...
"In America you have “push through marketing” you have to drive it home, they won’t come to you. That’s how you get into the WalMarts and the K-Marts."
Walmart is a major score for America's Cleaning Company. No argument. But it's also a matter of the fierce competitiveness involved. Being able to advantage the massive customer base and turn a worthwhile net profit. All of the manufacturing, the wholesale and the retail considerations.
The marketing being the key. Driving home to consumers the fact of America's Cleaning Company's products being out in the marketplace. Introduction of the new. Marketing. Branding. Household name considerations.
The whole of it taking time. All involved, at multiple levels in the supply chain, seeking worthwhile net return.
A coalescing of factors.
All of it, Walmart inclusive, falling eventually into place. A matter of months.
Takes time.
As for the 'restricted' yammering?
Trademark utter nonsense. The mindless musings of self-interested gutter trash. A need of bearing in mind that the 'short and distort' routine opened the door to what we've been playing witness to ever since. And we have also the phantom shares position to consider. The 'legitimate' and the criminal. Collective vested financial interest in precipitating the downside. Desirous of seeing market level back to sub-$0.01 trading levels. Maximally profiting. Toiling at it day after day. Weekends inclusive.
With all of it being not the crux. The central point.
The crux/central point being the fact of MM's being entirely at liberty to go long or short at will. The rub. The reason why market level seems, at times, entirely incongruous to company fundamental and operational realities. To material company event(s) circumstance. Seems entirely detached.
And the why earlier I posted…
"It's far past the time that the antiquated, MM-based telephone trading system be extinguished in favor of an all-electronic such. One in which the natural market forces of supply and demand take precedence."
Pre-'black' Friday we played welcome witness to the natural market forces of supply and demand taking precedence. There being no significant downside pressure so our registered MM's played, consistently, the long-side. There being no massive third party/parties short positioning. There being no dilutive activity from the inside. And with no clear evidence of serious downside pressure our registered MM's played nice. Ongoingly. Profiting from a consistent long perspective.
But the 'short and distort' criminality changed all. Whole different ballgame in evidence. Introducing also the day traders into the equation.
Our registered MM's are now in the thick of it. And were it a case of simple supply and demand dynamics in the absence of self-serving middlepersons?
Well, the shorts and longs could battle it out on an entirely level playing field. But with those greedy middlepersons in the fray? Not a hope of any such.
The volatility we see on days like today would be nowhere near what it is were there no middlepersons seeking to constantly leverage the goings-on for maximum personal gain. With the laughable part being that the number one mandate of MM's is to minimize volatility.
Laughable indeed.
And sad to boot. When, that is, one considers that more than 7,000 OTC startups have been driven to oblivion over past decades by just such egregious greed/seeking of maximal personal gain. Phantom shares considerations and all.
Truer words were never spake...
"It's far past the time that the antiquated, MM-based telephone trading system be extinguished in favor of an all-electronic such. One in which the natural market forces of supply and demand take precedence."
While on the question of the Outstanding count?
It'll be a while before we know the precise share structure details. And not because there are nefarious goings-on behind the scenes but because there is a certain and specific plan in the works. Being executed ongoingly. A plan involving increasing the Authorized and decreasing the Outstanding. Much associated detail in evidence to date. The to-smile-about adjustments ongoing.
All being well.
And with that said?
Well, we were hoping that management would come through on the material company event(s) front. A bomb of a PR or two. In line with the mentioned market level realities. MM inventory issues.
And what happened? Overall?
Well. we traded again in line with the major markets/exchanges:
NASDAQ Comp…
http://moneycentral.msn.com/investor/charts/chartdl.aspx?CP=0&PT=0&CE=0&PeriodType=0&ShowChtBt=Refresh+Chart&D3=0&DateRangeForm=1&D6=&D4=1&ViewType=0&D5=0&Symbol=%24COMPX&C9=0&DisplayForm=1&ComparisonsForm=1
America's Cleaning Company...
http://moneycentral.msn.com/investor/charts/chartdl.aspx?CP=0&PT=0&CE=0&PeriodType=0&ShowChtBt=Refresh+Chart&D3=0&DateRangeForm=1&D6=&D4=1&ViewType=0&D5=0&Symbol=SPNG&C9=0&DisplayForm=1&ComparisonsForm=1
Comparing the two side by side.
Down. Up. Down.
Same pattern.
America's Cleaning Company being tied to the upstairs goings-on. Our having discussed the associated reasoning. The wholly understandable. That which simply fits. And from earlier…
"SPNG (Close of $0.1711)...
http://www.nasdaq.com/asp/holdings.asp?symbol=SPNG&selected=SPNG&FormType=Institutional
It being a good idea to retain the SPNG link. Watching closely for updates. As, they're coming."
And indeed.
The NFE Conference. The NASDAQ meeting. The Reuters rating of Outperform. Top 30% reality. The institutional folks seeing the light. The truth of America's Cleaning Company.
And, so, we were hoping that management would come through on the material company event(s) front. And our collective hopes were fulfilled to a truly massive degree. The early July numbers right on cue inclusive.
And…
'continuous re-orders and new orders coming in from our retailers across the globe'
"Our marketing campaign continues to support our retail distribution and we feel that our sell-through rates across our product lines will solidify revenue expectations through the current quarter.”
And how will the July numbers continue to shape up? The coming August such? In light, that is, of the recent…
'the company will begin marketing and branding its innovative product line as The Smarter Sponge'
The Smarter Sponge
A truly brilliant bit of thinking/marketing/branding. So simple. Yet so effective. Looking for said numbers to increase accordingly. Markedly.
The smartest of management teams in the absolute.
With the acquisition of Dicon speaking to that which we also earlier discussed. The welcome effect of synergies and economies of scale kicking in.
And…
(Mr. Moskowitz)
“We are energized at the potential unleashed by the union of our two companies,”
What we don't know, at this point, is whether Dicon has became a wholly owned subsidiary of America's Cleaning Company or whether majority owned/controlled. Though, on the surface, the situation does strike as being a case of 100% ownership. The coming filing to outline the specifics.
And with that said…
(Dicon’s President, Wayne Celia)
“Teaming up with SpongeTech® is the perfect solution to providing a strong portfolio of innovative products that management believes will blow the marketplace out of the water.”
[ Teaming up with SpongeTech ]
So, are we talking 100%? Or majority owned/controlled?
With our knowing about the earlier $3m in cash on hand. And about the Authorized increases. The cash cow realities. Ongoing operations. The whole of it speaking volumes when one factors in the fact of the ongoing buybacks and the operational cash requirements and growth/expansion cash/capital needs otherwise.
The bottom line being that with each new material company event(s) PR, we have a case of the collective argument of the company's greatest detractors being seriously undermined. The faithful longs enjoying a hearty laugh at the expense of the intellectually inconsequential. (And worse.)
The latest fundamental and operational developments serving to…
(1) Confirm the fact of the continued bringing of value. External growth/expansion, that is, that accretes America's Cleaning Company on both a fundamental and operational basis. As opposed to the targeting of fundamental and operational garbage as regards external growth/expansion.
(2) Bolster all of the NASDAQ intent via the $4.00 plan. The potential for a welcome buyout overture, The potential of the NASDAQ via M&A. The continued attention from upstairs. Different class of investor/trader involved. Institutional level interest. So on.
Said latest developments serving to vault America's Cleaning Company to a whole 'nother level. And in the welcome and extremely telling absence of both parent company debt and dilution.
Speaking in stentorian voice.
The bringing of value.
The seriously tangible variety.
America's Cleaning Company
The maker of...
The Smarter Sponge
The smartest of management teams. Getting the job done. The building of a very real company. The making of an empire. One day at a time. One step at a time. One new subsidiary at a time. With market level to understandably continue to trade in line with the major markets/exchanges.
And when we do ascend to the NCM?
An overall bullish sentiment afoot?
And a matter of laughing all the way to that proverbial bank. Just a matter of holding tight. A few more weeks. Massive ROI. A $4.00 plan.
The smartest of management teams.
The shareholder respectful.
Just a few more weeks.
The fiscal '09 audited. Continued fundamental and operational advancement. Continued Outstanding count reduction. Continued July numbers updates. The August such. Forward periods' realities. The rest of it.
The $0.50 to $0.70 range and possibly over $1.00 by late August.
Institutional level interest to understandably surge. The NFE Conference. The NASDAQ neeting. The Reuters rating of Outperform.
Top 30%.
The truth of America's Cleaning Company.
The attention of worthwhile analysts to ramp up in line with the fiscal '09 audited going primetime. The rest of it.
Ratings of Outperform. Of Buy. Of Strong Buy. So on. That which simply fits.
Holding tight in the absolute.
As Z4 and a whole host of clear-thinking others will readily attest.
Just a few more weeks.
Thank you.
PM,
You're welcome.
And...
The Authorized goes up. The Outstanding goes down. The bringing of value.
That seen readily at market level.
Plain as day.
Tim…
You're welcome and thank you.
And absolutely.
Reuters, after all, hasn't assigned America's Cleaning Company a rating of Outperform in the absence of good reason. In the absence of having conducted the necessary thorough research.
And...
Reuters Company Research
Top 30% assessment. Investment worthiness. A far from subtle recommendation to clientele. Golden ground floor opportunity.
As simple as one can make it.
Jason…
Never a truer word was spake. We can't catch a break. Every time, of late, that market level has been poised to skyrocket? Well, something, in the absolute, is there to upset the apple cart.
But, not to worry, as we are back to earlier dynamics. Just a matter of the right spark/catalyst being in evidence. And as of our coming Open would be ideal. As talked about. And taking a look at today's graphical one can readily see the reality...
http://www.nasdaq.com/aspx/chartingbasics.aspx?intraday=on&timeframe=intra&charttype=ohlc&splits=off&earnings=off&movingaverage=None&lowerstudy=volume&comparison=off&index=&drilldown=off&symbol=SPNG&selected=SPNG
The buy-side volume out-of-the-gate. The weakness setting in. The walking down. All of it. And combining the upside volume from yesterday's session with that of today's, and comparing same to the downside such, one readily notes that the carnage is over and done with. That our coming session will see green. The only way, that is, to profit from a long perspective. And our registered MM's are certainly sitting long. A vested financial interest in minimizing the downside/maximizing the upside.
Ready for maximal gain.
Today it was all about walking down. Our coming session to be just the opposite. The ideal time for management to unleash a bomb, or two, of a PR. Would be perfect.
And, so, let's hope indeed.
And wouldn't take much to get a serious fire lit. The same reason why pre-'black' Friday we saw session-over-session ascension. Our registered MM's positioned long. Profiting from a long perspective ongoingly. Turning to a short perspective only after the downside kicked in. And here we are again. Our registered MM's locked and loaded. Ready for ascension. Ready to maximally gain.
And, so, hopeful we are that management does have something substantive in the wings. Ready for immediate release. A prime spark/catalyst or two.
The market level opportunity sitting there.
Waiting to be advantaged/leveraged.
And we shall see.
Remaining indeed hopeful.
The perfect time for an out-of-the-gate buy-side frenzy.
And who'd a thunk?
Hmm?
And you have a good one, also.
You and the rest.
Doc,
Thanks.
And yes. Gainfully employed.
Having managed to drag myself out of the gutter a couple of years back.
All the best to you and yours.
Kelly, et al….
No worries.
The reality being that we're tied to the major markets/exchanges at this point. The average cost of admission consideration in light of the NFE Conference presentation. The fact of the, thereafter, Reuters coverage. The Outperform rating. Top 30%. There being, since, a different class of folks involved. And understandably so. And said upstairs connection is only going to strengthen come additional worthwhile analytical coverage. Following, that is, the fiscal '09 audited numbers becoming generally available for the perusal pleasure of all. Completion of due diligence. So on.
And certainly, had the short and distort routine not been, we'd have seen a truly massive influx of said different class of investor/trader. Climbing on board. But the manipulation did serve to attenuate the goings-on. But not preclude same. The upstairs connection being, very much, there.
And so, once again, we see weakness at market level in line with weakness upstairs. But we did, again, see that which the technical signaled. The strength. Continuation of the buy-side frenzy out-of-the-gate. Massive volume. But with no follow-through.
And, so, is that it?
And not quite.
Little more to it.
The fact of our registered MM's being, very obviously, caught off guard by the latter session frenzy of yesterday. The sudden intense buy-side. Massive volume. Order flow circumstance. Forced to fill massive Buy orders in the absence of inventory. Short positioning resulting.
And a note…
MM's aren't interested in losing valuable business. And business will be lost if there's routine significant delay in filling orders channeled their way. And so, inventory or no, they'll proceed. Relying on the 'tactical' in order to profit at earliest convenience.
And, so, out-of-the-gate today the frenzy did continue. As did the shorting. The filling of the massive buy-side in the absence of inventory. And when upstairs did significantly weaken? And indeed. The ideal opportunity for the 'tactical' to come to the fore. A little walking down. Collars and leashes routine. Precipitating what it did. MM's profiting maximally. And so be it.
And had the frenzy been stronger? Out-of-the-gate? Well, there would've been profit-taking. Inventory opportunities. But, still, open short positions. And not good. A vested financial interest in minimizing the upside/maximizing the downside.
What we want, and need, being an overall long perspective. As previously. Pre-manipulation days. Our MM's profiting from the long side ongoingly. No vested financial interest in doing the faithful longs no favors.
So even if a bomb, or two, of a PR had arrived?
Well, wouldn't have been the best market level timing for any such. The ideal time for such release being relative to our coming session. MM's facing no inventory issues. Locked and loaded for the upside. Short positions closed. Plenty of inventory. The recent sideways trading being why there was a shortage of inventory overall. MM's not holding large in the absence of opportunity to maximally gain. Choosing, instead, to apply limited buying power elsewhere. So the whole of it does fit. Does add up. Why today's trading pattern. Why the sustained drop. Maximum profit routine. Getting caught (ahem) short.
With our now knowing what the buying frenzy was all about i.e., anticipation. That earlier 'rumors' about the NASDAQ would prove up in a positive way. The Wednesday/Thursday timeframe as we heard.
And how about the day trading contingent? And back in? And doubtless to a limited degree. So no big deal.
And if management IS sitting on a stellar PR, or two? Well, overall market level circumstance couldn't be more ideal for the release of such. As of today's Close. The stage set ideally.
Our having to, again, wait and see.
The upshot of it all being as long discussed. A management team hard at work bringing value. Building a very real company. An empire in the making. Getting the job done. All being indeed ideal once the BB is smilingly left behind. And, sure, we'd all be smiling had the short and distort criminality never seen the light of day. And small wonder why management is as peeved as they are. Determined to fully overcome.
Because if the $4.00 plan is to succeed?
Well, there's absolutely no way such is going to happen from current trading levels. And even if the nakedness turns out to be closer to the 500m area. A need of a significantly higher launch base. The $0.50 to $0.70 area at the very least. Where simple logic dictates we will be sitting by the time the coming audited numbers do go primetime. In line with ongoing fundamental and operational advancement in general. In line with the Outstanding count being massively reduced. In line with the July and August numbers being available. In line with projections and guidance detail. Forward periods' realities. So on.
And management has, certainly, invested a great deal relative to said $4.00 plan. Sacrificed significantly. The retirements/cancelations. Inclusive of the open market buyback activity. And in light of same it doesn't much add up as being the case that said plan will be abandoned in favor of a different approach to achieving the senior listing. Management, very seemingly, steadfast as regards burying the phantom shares perpetrators. Putting the boots to deserving criminals.
The simple reality being that, in line with PR'd detail to date, management is additionally wholly peeved about the fact that market level could've seen significant advancement long ago. Last year. When the operational refocusing got seriously underway. Had, that is, the abusive shorting not been. Had it been an ongoing case of the natural market forces of supply and demand prevailing. Market level advancing in the same manner as recently. Pre-'black' Friday reality.
The PR's being there. Management, last year, concerned about pps stagnation in light of no dilutive activities from the inside coupled with significant fundamental and operational advancement.
So, small wonder, indeed, why management is entirely resolved to bury the phantom shares perpetrators. Said miscreants having seriously delayed the overall proceedings. Seriously undermining longer-term goals. Enough to, very much, peeve any management team being hard at work attempting to bring value to deserving shareholders.
The whole of it, management's stance, being entirely understandable. The abusive shorting coupled with the more recent egregious manipulation. The intense desire to escape the BB coming as no mystery. Toiling diligently to build a very real company while a self-interested horde of thieves and liars work equally as diligently to undermine the goings-on. Enough to P/O any party of reasonable mindset.
The Reuters rating of Outperform amounting to the truth. A levelheaded assessment of America's Cleaning Company. An assessment arrived at in the absence of the criminal self-serving. In the absence of personal bias. In the absence of obvious hatred and self-hatred. Mindless maliciousness.
And our greatest detractors indeed?
Well, let them crunch the numbers in the same way that the Reuters analysts did. Having had the advantage of having spoken with management at the NFE Conference. Having seen all of that which management, doubtless, had ready to clearly display at the time. Making worthwhile point after worthwhile point.
The coming fiscal '09 audited detail poised to serve to fully bolster that which the Reuters analysts have already arrived at i.e., the fact of America's Cleaning Company being entirely for real.
Top 30% real.
Well worthy of an investment.
And additionally?
The detractors among us?
Well, where were same when market level was at sub-$0.01 trading levels?
A need of bearing in mind that many of the faithful longs are sitting, currently, on a collective massive paper gain. And how about said detractors?
And speaking volumes?
The faithful longs having extremely good reason to be as steadfast as they are.
Were, after all, the company's greatest detractors the investing/trading experts they so obviously believe themselves to be? Well, indeed, they too would be sitting on a collective massive paper gain.
Situation speaking for itself.
America's Cleaning Company
Risk/reward nirvana.
Just a matter of achieving the senior listing.
One welcome way or another.
Good things to come in the absolute.
The time being ideal for a bomb, or two, of a PR. The market level stage set.
So let's hope.
But, no matter what the immediate does hold, the longer-term reality amounts to the undeniable.
Right in line with a levelheaded assessment by worthwhile analysts.
The top-tier variety.
America's Cleaning Company
The maker of...
The Smarter Sponge
The smartest of management teams getting the job done.
The bringing of value.
The seriously tangible variety.
Truly massive ROI in the making.
Thanks all.
Kind words appreciated.
TM...
We've covered the gamut. Kept a close watch as the manipulation shakeout completed. Following the bouncing ball. Market level and managerial intent. And is it realistic to expect a buyout offer at this point?
And most assuredly.
And by no means necessarily a bona fide offer in the more formal sense. As any credible interest clearly demonstrated by any worthy suitor would see market level reacting accordingly. Just the mere fact of America's Cleaning Company achieving a level of market penetration that has the long-established taking notice would have a welcome market level impact. Doesn't have to be an actual formal offer to put smiles on faces all around. The faithful longs.
And, certainly, the Reuters attention has many similar others paying a similar level of attention. Drinking in every subsequent PR. The ongoing growth/expansion. New sales and distribution channels sourced and successfully advantaged. Massive marketing campaign meeting with dramatic success.
The Reuters attention being the primary reason why market level has been largely moving in concert with the major markets/exchanges of late. The success of the NFE Conference presentation coming to the fore.
The July and August numbers, in concert with the fiscal '09 audited such, poised to dramatically advance worthwhile analytical coverage. Multiple ratings of Outperform, Buy, Strong Buy. So on.
That which simply fits. It being as earlier talked about. About forward periods' realities. That which always feeds that proverbial bulldog. Projections and guidance numbers. What it is that management is so diligent about. And the reason why we can soon expect a July update. Getting the market level job done.
Management being not all over the numbers as often as they (management) are in the absence of extremely good reason. Being well aware of what it is that routinely drives the buy-side. The attention from upstairs and all.
We had what we had, at market level, come the latter part of our latest session. The sudden pps/volume surge. And such didn't happen in the absence of good reason. That which we've talked about at length. The suddenness being telling. The conviction. The volume with follow-through. The Close just shy of the High.
The technical telling the story. The strength. The fundamental and operational no less so. Our coming session to be to smile about. Just as previously when, prior to 'black' Friday, we would play routine welcome witness to similar late session trading patterns with subsequent session follow-through. That which simply fit. Technical signaling coupled with fundamental and operational realities.
But with this time a difference. A difference amounting to the possibility of a bomb of a PR, or two, hitting the wires. Massive material company event(s) transpiring.
Management on a mission. To bring value to shareholders. Themselves, very much, inclusive. To do what it takes to achieve the longer-term goal of $500m plus in gross revenues.
Any number of truly huge possibilities driving the latter session surge. From a buyout overture to M&A goings-on. Management being wisely open to any of same. And remembering also the 'ransom' bit of business. The possible 'personal' angle in putting the boots to criminals. To phantom shares artists. And the NOBO lists and associated DTCC clearing detail. Over time. Looking at multiple periods from earlier times onward. Determining the nakedness reality.
Our having the latter session pps/volume surge. The conviction. The follow-through. Nothing tentative about it. The Close just shy of the High.
And it is fun to speculate. About the view from the inside. What it is might be coming in shareholder value terms. Enhancement. ROI.
The bottom line being that we've paid close attention over time. Clearly thinking things through. Seeing the reality. The massive potential. Knowing that the manipulation/the fallout would wash through. Knowing that we'd, once again, escape the clutches of the day traders. That our registered MM's would, once again, sit up and fly right. In concert with the Reuters rating. The truth. America's Cleaning Company. That we'd see a return to the earlier dynamics. When the overall reality of the situation prevailed. See market level climbing as previously. A permanent end to being grossly undervalued.
Management being wisely open to a buyout overture. Wisely open to M&A activity. Entirely gung ho about putting criminals in their rightful place. Having the last laugh. Being not amused about 'ransom' attempts. And equally gung ho about achieving the senior listing. And management, again, made a strong case about 3 of 4 requirements. And just prior to the meeting with the NASDAQ folks. And let's consider where the pps top would have been had the manipulation never seen the light of day. Had the natural market forces of supply and demand been allowed to prevail. And recalling Mr. Moskowitz making a comment about the company's market cap.
And could it be that the NASDAQ listing Council could be persuaded to make an allowance? Given the true value reality of America's Cleaning Company? The obvious resistance to the global economic downturn?
Getting the Reuters nod and all?
A bomb, or two, of a PR in the offing?
No shortage of that to give consideration to. To indeed speculate about. The urgency in leaving the BB behind. The growth/expansion realities. Global intent. And getting there. The ramping up of the fiscal '10 marketing budget to the $20m area. A solid investment. Solid return. The fiscal '09 reality of $50m plus. Revenues of serious worth.
The pre-manipulating dynamics are again in evidence. The wholly welcome. The technical signaling a massive move up.
Breakout city!
The fundamental and operational being totally to smile about. Cash cow reality. Net earnings. Debt free status. Approx. $3m cash on hand. The stellar rest of it.
A more capable, competent, shareholder respectful management team we couldn't ask for.
Risk/reward nirvana.
Green on Monday. Green yesterday. Green today. Green tomorrow. Green Friday. The 'black' variety being extinct. Never to rise again.
The truth having emerged.
America's Cleaning Company
SpongeTech Delivery Systems, Inc.
Delivering in more ways than one.
Smokin' good things to come.
Holding tight.
DandS,
As has been clearly stated from the inside, the Authorized increases are in line with the advice of company legal. Company legal being well aware of the company's overall business plan. NASDAQ intent inclusive.
And let's take a closer look.
Thinking clearly…
(Mr. Metter.)
'We are proud to announce that our Company is now cash flow positive and can finance our immediate growth from the cash generated within. We have been in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed for the future growth of our Company. However we hope that future cash requirements for product development, marketing, production, and financing of inventories and receivables can and will be generated internally.'
[ potentially provide us with accounts receivable financing ]
Debt-based funding. Not equity-based. A/R funding generally sought to counter short-term cash flow weakness. A company's receivables pledged as collateral. The incurred debt serviced in line with collection of said receivables.
And...
'Accounts receivable have been adjusted for all known uncollectible accounts. As of February 28, 2009 and May 31, 2008 there were no doubtful accounts.'
A matter of being able to properly value said receivables in line with 'intent' to borrow against same.
And...
'The Company has continued to experienced significant revenue growth through the nine months ended February 28, 2009. This trend, if it continues, may result in higher accounts receivable levels and may require increased production and/or higher inventory levels. Should our cash requirements to fund these requirements as well as other operating or investing cash requirements over the next twelve months be greater than our current cash on hand, we may seek to obtain additional financing.'
So it might happen. There might arise the need. Periods of rapid growth/expansion usually calling for significant capital infusion. But the debt-based in this case. Not equity-based.
And recalling…
(Mr. Metter at the NFE Conference.)
"We've grown with very little capital."
And how so exactly?
And cash flows. Strong positive cash flows. Cash cow reality.
And...
'Our balance sheet and cash positions have greatly improved due to the increased sales of our products. We do not expect to have any dilutive financing in the near future.'
[ do not expect to have any dilutive financing ]
The less astute, and worse, among us routinely baselessly railing on and on about the Authorized increases over time. The more astute among us pointing out certain glaring realities. Such as the market level empirical. And I challenge any party/parties, among us, to clearly demonstrate where, at market level, supposed massive dilutive activity has kicked in. At any point in time.
The bottom line being that the ongoing Authorized increases are about increasing shareholder value. Not decreasing said value. A plus. Not a minus. The bringing of value.
And thinking clearly…
How many increases over time? And market level? And from sub-$0.01 trading levels to $0.2851. And massive ongoing dilution? The increases a collective negative? Or to be wholly welcomed? Getting the job done? The shareholder respectful way?
The Authorized goes up. The Outstanding goes down.
Massive ROI in the making.
Time to focus.
Time, indeed, to think clearly.
To see the light.
Risk…
I'm here.
Wading through the trademark mire as usual. What a world! Hmm? Mental midgets aplenty.
And, so, okay. On with the show…
Of late we've seen market level dive in concert with the major markets/exchanges. And today we saw more or less the same. Major markets/exchanges showing weakness. SPNG somewhat similar. Up until, that is, the latter session when upstairs tanked and SPNG did the opposite. Volume surge and all.
And?
Well, let's start with the fact that we successfully called the bottom. As of the 29th. Right on target. Adding/entering accordingly. And good on us as…
Together, we win.
The 30th seeing 85m in volume and a High of $0.1370. But a Close of $0.1220. The technical signaling weakness. And just how the 1st turned out. The downside. Today's technical signaling strength...
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p60344240427
The white candlestick we've been anticipating. The Close near the High of the session. The EMA (Exponential Moving Average) displaying a welcome crossover and trend situation. The technical saying it all. Green and more green.
We successfully called the bottom and anticipated a breakout. Speaking of same at length. And based on all of the fundamental, the operational and the technical. Big picture reality.
And from earlier…
"The upside strengthening as our trading week progresses. Ever-deepening green."
It being none too difficult to follow the bouncing ball. To see that management is more than excited. Is on a mission. The wording in the latest PR's.
There was a reason for the NFE Conference presentation. A reason for the NASDAQ meeting. The timing. Institutional level audience. And then came 'black' Friday. Management pissed. Firing on all cylinders to overcome. To get back to earlier dynamics. In line with the $4.00 plan being successfully executed. A higher launch base.
And no. We can't say exactly what will transpire in the 'end'. How the senior listing will actually be achieved. What we do know is that management made a very clear point about 3 of 4.
And…
"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"
"Yes. We have a meeting Thursday with NASDAQ. As you know , NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
"Would you entertain a 1:100 reverse split to get listed?"
"Well, we’ll deal with it when…Right now we’re going to go there on the basis of what the stock is going to grow to. The time has come for us to move off the Bulletin Board."
There was the Conference. There was the meeting with the NASDAQ folks. There's the Reuters rating of Outperform.
And…
"The time has come for us to move off the Bulletin Board."
And…
(Mr. Metter from January 2009.)
'The Company believes that the stock is being artificially manipulated and as such is currently examining several options that can be employed for the purpose of enhancing shareholder value.'
The $4.00 plan including reducing the Outstanding count to the 200m area. With it taking significant cash reserves in order to execute the necessary buybacks. Cash reserves largely earmarked for both ongoing operations and growth/expansion. Mr. Moskowitz having confirmed for us the fact of the RM Enterprises holdings situation being completed by late August.
And, so, what about M&A?
Are we in for some astoundingly uplifting formal word come tomorrow's session? Material company event(s) seeing market level soaring? A bomb, or two, of a PR?
And we can't say. All we can say is that we successfully called the bottom and equally successfully determined that a breakout was in the making in the absolute. The pressure ever-mounting. Management firing on all cylinders. Being on a mission. Pissed about the manipulation/the fallout.
The fundamental. The operational. The technical. The big picture reality. Green and more green.
Prior to 'black' Friday market level was on fire relative to overcoming the being grossly undervalued situation. And it did take a while for things to shakeout in full. Getting back to the right dynamics. Well realizing that serious green was on the way. That we'd soon see market level back to $0.25 plus. The manipulation over and done with. The day traders largely out. Our registered MM's back to profiting from a long perspective.
Took a while indeed. But we are back. That which simply fits.
And recalling…
----------
"And with that said?
Well, certainly, it's for the best to not lose sight of the fact that Reuters Company Research has rated, among the top 30% of the companies that the service covers, a "scam".
A "scam" rated as…
Outperform
And who'd a thunk?
Hmm?
----------
And, so, a bomb, or two, of a PR to come?
The reason behind the latter session frenzy?
The sudden pps/volume surge?
Where we were earlier is simply where we belong. A High of $0.2851 and climbing. The truth. As opposed to the twisting of reality.
America's Cleaning Company
SpongeTech
SPNG
The Smarter Sponge
And what will the early July numbers show?
Just bear in mind that bidding a welcome goodbye to the BB is paramount. ASAP reality.
"The time has come for us to move off the Bulletin Board."
The Reuters rating being what it's all about.
Outperform
Top 30%.
The truth.
As opposed to a horde of self-serving miscreants spewing no end of lies.
Green and more green.
On the way.
And congratulations, again, to those who also called the bottom and loaded up accordingly.
Together…
We win.
Big time!!!
Holding tight.
Scot.
Surely you jest.
America's Cleaning Company
[ Cleaning ]
SpongeTech
[ Sponge ]
SPNG
( SPoNGe )
And...
'SpongeTech(R)'s COO, Steven Moskowitz said, "We are excited to incorporate our new slogan into our marketing campaign this year. It is very important that we set ourselves apart from the rest of the sponge-like products in the marketplace. Our sponge is not just a sponge, but The Smarter Sponge(TM)."'
[ It is very important that we set ourselves apart from the rest of the sponge-like products in the marketplace. ]
[ sponge-like products ]
The Smarter Sponge
The smartest of management teams.
Time to focus.
Seeing the big picture.
A consumer's perspective and all.
The new trademark and branding being plainly and simply brilliant.
Truly awesome!
The proof coming in the form of projections and guidance numbers.
Watching and learning.
JL,
The bottom having been hit as of the 29th.
The day trading contingent being out.
The short and distort influence over and done with.
Management firing on all cylinders.
Most all of us well aware of the general nature of the material company events info./detail to come.
PR parade.
The upside strengthening as our trading week progresses. Ever-deepening green.
The buy-side sentiment firmly in place. Seen session-over-session but for the influence of the major markets/exchanges. And influence not difficult to understand considering the NFE Conference presentation. The attention from Reuters. The rating of Outperform. The top 30%.
And just how the July numbers are shaping up will be common knowledge soon.
None of it being rocket science even slightly.
A management team on a mission. A $4.00 plan. The leveraging of criminal behaviors. Having the last laugh. All the way to that proverbial bank.
With market level back to the natural market forces of supply and demand being once again in welcome evidence.
Nowhere to go but up.
The fundamental/operational/technical reality.
A breakout in the making.
What remains of the shortists forced to scramble to minimize collective loss.
And distilled down to its most basic.
Green and more green.
The Smarter Sponge
Z4,
Yes.
The situation speaks for itself. Inclusive of nothing having occurred/not occurred that had the relevant Board up in arms. Frantically seeking redress.
The timing issue being just a coincidence.
We can't stretch too far and still remain credible. The Form 15 filing being a voluntary situation.
And...
'ALPHARETTA, Ga., Jun 26, 2009 (BUSINESS WIRE) -- Pipeline Data Inc. (OTCBB:PPDA ) today announced its Board of Directors unanimously approved the voluntary termination of the registration of its common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended. In accordance with the resolutions adopted by its Board of Directors, Pipeline Data Inc. will file a Certification and Notice of Termination of Registration on Form 15 with the Securities and Exchange Commission (SEC) to effect this termination. The Company is eligible to deregister its common stock as it had fewer than 300 holders of record of its common stock at the beginning of its fiscal year.
Upon the filing of Form 15, the Company's obligation to file periodic and current reports with the SEC, including Forms 10-K, 10-Q, and 8K, will be immediately suspended. Pipeline Data expects that the deregistration of its common stock will become effective 90 days after the date of filing of Form 15 with the SEC.
While no longer required by the SEC after deregistering, Pipeline Data plans to continue to provide quarterly, annual and other information regarding the Company's performance to its shareholders through its email database and website. In addition, the Company anticipates that trading will continue in the Company's common stock on the Pink Sheets.
In reaching its decision, the Board of Directors of Pipeline Data evaluated the advantages and disadvantages of continuing to operate as a reporting company in light of such factors as the costs and expenses of compliance with the Sarbanes-Oxley Act of 2002, the ongoing burden associated with the preparation and filing of periodic and current reports with the SEC and the substantial diversion of management's time and efforts from the tasks required to grow the Company's business and shareholder value. The Board of Directors also considered the current turmoil in the public markets.
Randy McCoy, Chief Executive Officer of Pipeline Data said, "Our focus is on shareholder value and corporate success. The current market conditions, auditing, legal and other expenses required to maintain the SEC reporting requirements, plus the time and attention required by management to focus on public reporting instead of company growth combine to make it untenable to continue to be a 'reporting' company. Pipeline intends to continue to share quarterly, annual and other Company information with our stakeholders."'
PM,
(July 17, 2007)
'ITEM 4.01 CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.'
'The Audit Committee of the Board of Directors of Pipeline Data Inc. (the "Company") dismissed Drakeford & Drakeford, LLC as the Company's independent registered public accounting firm.'
Filing...
http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5303920
John,
Volume is down in relative terms. Accumulation having dropped off.
CMF(20) is at - 0.115.
MFI is coming off an oversold condition as of July 1st.
MFI(14) is at 36.
RSI(14) is at 50.
Accumulation having dropped off as of 'black' Friday. Money flow steadily trending downward. Turning negative as the day traders have bailed in line with the sideways trading pattern. And the faithful longs certainly won't be shedding any tears regarding their welcome departure. May they succeed elsewhere.
Day traders. Gotta love 'em, hmm?
The short and distort routine interrupted the proceedings. No argument. With the whole of it seeing the truth emerge. America's Cleaning Company. All to the good as management gets on with getting on. Market level poised for a major breakout. The fundamental. The operational. The technical. All pointing upward. Management knowing well what it is they do. Proceeding in line with their $4.00 plan. Drawing the necessary attention. Getting all those ducks in a row.
A breakout in the making.
Buying and holding.
NJUST...
That "guru" being a certain John Wannamaker who famously uttered…
“Fifty percent of my advertising is wasted, but I don't know what half.”
And the wiki on the subject...
http://en.wikipedia.org/wiki/John_Wanamaker
Marketing/promotion. Branding/name recognition. Household name status.
A more capable/competent management team we couldn't ask for. Nor more shareholder respectful. As good as it ever gets. Golden ground floor opportunity to be not spurned. Risk/reward nirvana. Massive ROI in the making.
"Go Spongetech" indeed.
America's Cleaning Company
The maker of...
The Smarter Sponge
Onward and upward.
Mikey…
I followed the links you provided and found that which Z4 also found…
'On March 9, 2006, the Board issued a report concerning its first inspection of Drakeford & Drakeford, LLC, conducted late in 2004. The report described, among other things, certain concerns about the Firm's quality control policies and procedures. Pursuant to section 104(g)(2) of the Act, the portion of the report describing those concerns was initially kept nonpublic, but was subject to being made public if the Firm failed to address those concerns to the Board's satisfaction within 12 months.'
[ The report described, among other things, certain concerns about the Firm's quality control policies and procedures. ]
[ the portion of the report describing those concerns was initially kept nonpublic ]
[ but was subject to being made public if the Firm failed to address those concerns to the Board's satisfaction within 12 months ]
And...
'Drakeford & Drakeford, LLC is a public accounting firm located in Mableton, Georgia. Drakeford & Drakeford, LLC was formed in 1999, and John DellaDonna is a partner and the only employee of the Firm.'
[ the only employee of the Firm ]
'John A. DellaDonna, 62, of Mableton, Georgia, is a certified public accountant licensed in Georgia (license no. CPA003424), New York (license no. 090884), and New Jersey (license no. 20CC03066800).'
And, sure, it could be argued that SPNG management could have been more diligent as regards the PCAOB's initial findings. The report. But, as stated, said report was... 'initially kept nonpublic'.
And do you suppose such would've been the case were the Board's concerns of a nature that D&D's clients had been seriously compromised in any way(s)? That the books, perhaps, had been deliberately 'cooked'. Or otherwise were rife with material inaccuracies? So on.
And again...
[ but was subject to being made public if the Firm failed to address those concerns to the Board's satisfaction within 12 months ]
Does it not seem likely that, were there criminal intent or a serious degree of incompetence in evidence, that the proper authorities would have been informed and/or the involved clients no less so? As opposed to the '12 months' provision?
D&D was obviously selected by SPNG from a perspective of cost savings. And whichever firm is retained as a replacement will be, obviously, of an overall caliber commensurate with the recent success of America's Cleaning Company and the fact of same very soon advancing to a senior listing as an NCM component.
And with that said?
Well, certainly, it's for the best to not lose sight of the fact that Reuters Company Research has rated, among the top 30% of the companies that the service covers, a "scam".
A "scam" rated as…
Outperform
And who'd a thunk?
Hmm?
Fred…
I don't see 3M as a good fit.
I'm, personally, not gung ho on the company as it hosts a far from stellar environmental record. America's Cleaning Company, on the other hand, being entirely environmentally conscious. And kudos of course. The company being a good fit for the socially conscious investing type.
And good on us, hmm?
All the best.
PM,
Your attention to detail skills are lacking.
My posting history is there.
Help yourself.
Lake...
People, far more often than not, are the authors of their own misfortune. While those of an overly suspicious nature, are generally so, courtesy of being so familiar with themselves.
Saying all same has to/needs to.
And again...
'It should be noted that on March 10 we petitioned the State of Delaware to increase the 'authorized' common shares to 1.5 billion from 1.25 billion. While we have no present intention to issue more shares, we acted on the advice of legal counsel to increase the authorization to provide for possible future acquisitions, shareholder dividends, or other corporate purposes.'
[ we acted on the advice of legal counsel ]
Saying all same has to/needs to.
And Mr. Metter on May 8th…
'Our balance sheet and cash positions have greatly improved due to the increased sales of our products. We do not expect to have any dilutive financing in the near future.'
Saying all same has to/needs to.
Just follow the bouncing ball. Focusing on the empirical. None of it being a difficult read.
And, again, the telling graphical...
http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=3&compsyms=&D4=1&DD=1&D5=2&DCS=2&MA0=0&MA1=0&CF=1&D7=&D6=&showchartbt=Redraw+chart&symbol=SPNG&nocookie=1&SZ=0
Noting the volume stats. over time. And does such add up to ongoing massive dilution? Is ongoing massive dilution what the graphical depicts?
When the daily average volume stat. was highest, the price movement was to the upside. Not the downside. And recall what we earlier talked about? About MM's and single-source activity? Order flow?
Were the company ongoingly massively diluting, our registered MM's would be well aware. And would short position accordingly. Feeding the strengthening buy-side as the pps tanked. The buy-side always strengthening in line with decreasing pps circumstance. The ideal opportunity for MM maximal gain.
None of it being rocket science.
And let, mindlessly yammer, whomever wishes to. These boards being rife with an ever so (ahem) charming combination of miscreants and clueless wonders.
So be it.
As talked about, management is firing on all cylinders. Coming on strong. A plan in the throes of execution. Leveraging criminal behaviors. The PR parade strengthening. Being on a mission. Every new material company event PR drawing ever-increasing institutional level interest.
Just a matter of time before market level achieves breakout.
Breakout city!
It's coming.
And noting the money flow situation…
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=1&dy=0&id=p30008897719
And why the recent outflow?
And in line with exactly that which we want and need. The day traders, that is, bailing. In line with the bottom having been successfully called as of the 29th. In line with the recent sideways trading. Said day traders moving on to more bountiful hunting grounds. Chasing profits elsewhere. Quicker return. Session-over-session volatility.
None of it, again, being rocket science.
Just a matter of following the bouncing ball. Of focusing on the empirical.
Management's latest achievements, as PR'd, being no less stellar than the previous such. With the newly introduced marketing/branding as... The Smarter Sponge™ amounting to nothing short of the truly brilliant. The company setting its products apart from the 'competition'. And more.
And let's assume that neither yourself, nor I, had any familiarity whatsoever with America's Cleaning Company. And in attending, let's say, a major league ball game we noticed being advertised all of…
America's Cleaning Company
SpongeTech
SPNG
And how curious would we be?
And how about…
The Smarter Sponge
How curious would we be?
And kind of speaks for itself, hmm? Brilliant indeed? So simple, yet so effective. Separation from the 'competition' while sparking intense curiosity at the same time. A "grand slam" as Mr. Metter is so fond of saying. A "grand slam" of the highest order. Truly brilliant! With just two words saying it all as far as the big picture is concerned. Global reality. PR after PR.
And...
'growing demand'
The bottom line.
Buying and holding.
Jason...
I didn't recently significantly increase my SPNG holdings in the absence of justification. The bottom has been successfully called. As of the 29th. Any expectations of a lower entry/adding point couldn't be more misguided. Not going to happen. The stage set, at this point, for a massive move up. Major breakout! Management knowing well what it is they do. Being on a mission. The time to load up being now. Over the past few sessions. The day trader influence largely over and done with.
And it did take a while. But the earlier dynamics are returning. When we were free of the day traders. And, this time, no short and distort. No repeat. Cannot be. Out of ammunition reality. And did the recent criminality have a connection to certain parties? Nervous parties?
Not much time left as breakout is coming. The pressure ever-mounting. Management being on a mission. The opportunity to add/enter, at lowest possible cost, is the here and now.
Graven in stone.
And out-of-the-gate today we saw that which the technical, once again, signaled i.e., strength. The upside. And then, about a half hour into the session, the major markets/exchanges took a dip. And SPNG followed right along. Precisely in line with same.
And here's the NASDAQ Comp 5-Day graphical...
http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=1&showchartbt=Redraw+chart&compsyms=&D4=1&DD=1&D5=2&DCS=2&CF=1&D7=&D6=&symbol=%24COMPX&nocookie=1&SZ=0
And the SPNG 5-Day graphical...
http://moneycentral.msn.com/investor/charts/chartdl.aspx?showchartbt=Redraw+chart&D4=1&DD=1&D5=2&DCS=2&MA0=0&MA1=0&CF=1&symbol=SPNG&nocookie=1&SZ=0&CP=0&PT=1
And compare the two side-by-side.
And no. They don't compare well over the longer term courtesy of the short and distort routine. But they do compare over the past trading week. As market level does what we've talked about i.e., returns to the earlier dynamics. In line with the natural market forces of supply and demand. An end to the manipulation.
None of it being rocket science/being a difficult read. The following of the bouncing ball. The empirical. Simple as can be.
The situation being what it is. Exactly and precisely in line with managerial intent. Bar the short and distort routine. That which came at precisely the wrong moment in terms of the overall plan. And so be it. Now washed out. The day trading contingent largely gone. Seeking more lucrative volatility elsewhere.
The stage set ideally as management presses on. Turning up the heat. Getting the job done. Market level poised to explode. The hopes of an implosion amounting to growing wings and flying.
Entirely laughable.
The bottom having been hit as of the 29th.
Every new material company event drawing ever-increasing scrutiny from the big money.
The prospect of welcome M&A.
The prospect of a welcome fitting buyout offer.
Precisely the wrong time to be sitting on that proverbial fence.
Breakout city!
Any time/moment.
Holding tight.
Nix…
A matter of due diligence…
(From the company's latest Form 10KSB.)
'Directors, Executive Officers, Promoters and Control Persons; Compliance With Section 16(a) of the Exchange Act.
The following table sets forth certain information regarding our current Executive Officers, Directors and Key Employees:
Name
Age
Position
Since
Michael Metter*
56
President, Chief Executive Officer, Director
5/2001
Steven Moskowitz*
44
Secretary, Treasurer, Chief Financial Officer and Director
6/1999
Frank Lazauskas
48
Director
7/2001
* Michael Metter and Steven Moskowitz are promoters of Spongetech.'
And precisely the way it should be. The way desired. The reason behind the fundamental and operational advancement to date.
And…
'On March 31, 2008, we entered into a consulting agreement with Straw Marketing and Darryl Strawberry. Pursuant to the terms of the agreement, Darryl Strawberry agreed to make promotional appearances on behalf of the Company, coordinate promotional appearances with the New York Yankees and New York Mets, and introduce the Company to promotional opportunities with MLB. The agreement provides for a term of one year, unless earlier terminated by the Company.'
Promotion. The name of the game.
The Smarter Sponge
Marketing/branding. Intellectual properties rights. Where the value lies.
As our good friend 'no_BS_plz' wisely stated as regards management…
"These guys are no dummies… ."
And indeed.
From sub-$0.01 to $0.2851.
And a drop in a bucket compared to the ROI to come
Holding tight.
Penny,
Thank you.
And don't mind me, but a little dose of reality called for. And before we get into it?
Well, a curious little something I just happened across recently...
"that much you could believe.
What you can't believe is a company having a market cap of anywhere between $2B and $2.6B at $4 a share given an O/S of 500M to 722M respectively, with a net income last fiscal year of $10 and a projected bet income this fiscal year of no more than $50M.
It simply doesn't not work that way."
And, so, okay. A little dose of reality…
As far as the numbers are concerned, it's largely a matter of speculation at this point. The precise share structure an unknown. Audited fiscal '09 detail yet to come. The July numbers. The August numbers.
The matter of achieving the senior listing being as earlier talked about. About a plan. A $4.00 plan. About fundamentals-operations-squeeze play.
And again…
(Mr. Metter during the initial Q&A.)
1_
"Don’t you have to be at $4 minimum stock price to apply to NASDAQ?"
"Yes. We have a meeting Thursday with NASDAQ. As you know , NASDAQ has lost 700 companies this year, alone. We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
2_
"Would you entertain a 1:100 reverse split to get listed?"
"Well, we’ll deal with it when…Right now we’re going to go there on the basis of what the stock is going to grow to. The time has come for us to move off the Bulletin Board."
[ Right now we’re going to go there on the basis of what the stock is going to grow to. ]
We've, many of us, crunched the numbers. Considered the effect of applicable multiples. So on. None of it being rocket science. And, again, not what we're talking about. Ridiculous value/valuation numbers in the purest of terms.
What we ARE talking about is achieving the senior listing in the absence of a consolidation of the Outstanding count. Via, that is, the leveraging of criminal behaviors. With, certainly, a higher launch point being required. Significantly higher than the $0.12 area. And we've already seen $0.2851. And the buy-side strength was still there at the time. The rest of the story we're all nauseatingly familiar with.
The objective being to reduce the Outstanding count to that level that clearly exposes the phantom shares position. Clearly demonstrating the reality to both the DTCC and the SEC. Without whose cooperation the plan, in the overall, cannot succeed. Reducing the Outstanding count to the 200m area as best we know as of this writing.
And a launch point, at the very least, in the $0.50 to $0.70 range. And, very possibly, in advance of a $1.00 by late August.
And again...
(Mr. Moskowitz, during the NFE Conference presentation, regarding the buyback.)
"That was one of the things that really helped our stock price going up in the last month. By doing the buyback."
(And regarding market cap. circumstance.)
(Paraphrasing.)
'$69 million market cap. … about a month ago we were only about a $10 million market cap.'
Making a distinct point about the earlier run-up to $0.2851.
And again…
'Michael Metter, CEO of SpongeTech(R) comments, 'The management team feels that these mechanical steps to reduce the outstanding number of shares will be a positive step in changing the current trading pattern of our stock.'
'COO, Steven Moskowitz adds, 'The management is committed and prepared to support any and all permissible actions to maintain the fundamental value of our common stock.'
It being not about numbers in the purest of terms. It being about a plan. A plan to seriously advance market level in line with company true value circumstance. In line with a seriously tightening Outstanding count. And to then expose/squeeze. All the way to $4.00 at the very least. All the way to a senior listing.
And think the phantom shares bit of business wasn't discussed at the recent NASDAQ meeting?
And think again.
And earlier we said/asked…
"And whether management turns to M&A as the means of achieving the senior listing, we can't say. But does relying on the MOASS, in concert with operational and fundamental realities, as the means of achieving the needed initial listing pps represent a truly sound approach?"
None of us able to say whether the plan will succeed as desired. But even if, from the stated higher launch point range, we achieve the $2.00 level?
Well, who among us would be b#tching about a minimalist consolidation thereafter?
And, so, there you have it.
A little dose of reality.
Time to load up.
Because management is on a mission.
And again...
"Management having not sacrificed as they have, having not toiled as diligently as they have, for as long as they have, to see any outcome other than a long-term successful company. The bringing of value to all involved. Themselves, very much, inclusive."
Rocket science it ain't.
Buy and hold.
And thanks for writing.