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It is not a big misunderstanding as to the SEC, we just disagree as to the SEC's purpose and the outcome for spng.
Yoda/stox: Great post. I sure hope you are right. What I find sad and disheartening is that some investors who were long so long, turned 180% and may have sold based on believing the "entrenched interests" as you call them. And even maybe some bitterness. I am truly saddened by those set of circumstances. I have always kept the faith in mgmt. that its numbers match its PRs, etc. I hope the to see the end of this undervaluation be corrected when and if the 10Ks are filed. Until then we are in limbo. Waiting, waiting. Patiently, some beyond impatient, having sold. I have held all of my shares bought over time, and wait.
Yes because they said they did on the 8/31/09 extension filed with the SEC. It's on an SEC filing, not the 10K yet to come out, but a SEC filing nonetheless.
When will the 10K come out???
I have not read whatever post you are referring to as I have not been reading for a while.
And after reading the various negative posts, there is no sense in trying to engage in any legitimate discussion of issues, as it turns out to be everyone jumps on the pro-spnger. It's very frustrating. So, see ya, for awhile. Good luck to all here. Spino
I have not been reading nor posting for a few days myself, for the reason indicated in my last post. Why don't you tell me? I have no idea what you are talking about.
In a sense you are right, nearly 100% of the posters are negative on spng. So, what spng issues are they trying to argue and against whom as there is no one to argue with? I stopped posting mainly because as soon as I made some pro-spng comment, I was jumped on by 10 times the anti-spngs. GLTY.
we will find out in the 10K.
It was 30% lower than 722m O/S as indicated in the 7/27 PR. That was the buyback objective 30% from 722M.
Didn't they trade at .18 after the suspension?
So everything's 100% negative with spng per your analysis?
z: I guess that the SEC is giving you all this factual information directly, that everything you state is from what SEC investigators told you? Is that correct?
Thank you.
The judge will have read all legal briefs by the time of the Sum Jud. Hearing. She will listen to oral argument at the hearing. She could rule from the bench or she could take the matter under submission and issue a written decision thereafter.
I do not believe that I was directing my post to you. It was z's thought that I wanted. GLTY
z: I will agree to disagree with you, and quit this line of posting because we are coming from opposite ends of thought. GLTY.
maybe NSS? maybe sec suspended trading to curtail further stock manipulation by nss? maybe there are other reasons sec did what they did than what you have concluded!
Sure, ah ha.
Even thou UBSS continued to be mm for all other companies it was mm for. It just stopped being mm for spng with nothing to do with spng. Sure
At or about the same time UBSS has not been the mm for spng. What connection is there, if any, as to that information?
I'm sorry you feel that way.
But, I do not see any evidence or facts yet. I will wait for the 10Ks and reaudit before passing judgement on anything.
That said, looking at all the things the comppany is legitimately involved in and its products, I have a hard time concluding it is a scam.
Elea: Thank you very much.
SOAPY: GREAT POST! Thank you. O just knew that D&T was involved also with Robison resudit. Plus with the SEC investigation. Have not sold one share
Peace & Serenity. spino
And neither do you! All statements are pure fabrication. IMO
And I say DO wait when the 10Ks come out.
There is, and have have no, evidence as RME shares flooded the market at any time.
PLEASE tell me this: That does the increase of the A/S to any figure whatsoever have to do with RME? The retirement of RME shares will decreass the O/S. You've got your A/S mixed up with the A/S. spng "issued" to RM. And spng received in return a right to buy them back at a certain pps, 40% discount to the market. RME is spng's finance arm -- just like other companies have. In this instance, when spng buys back the shares which were "issued" to RME, spng will retire them. And place them in its treasury.
There is NO evidence that spng has shorted its own stock, The idear is ludicrious. Absolutely, based on the pps along. Based on a company is not allowed to do that.
Further, there is NO evidence that mgmt has been involved in insider trading. NOE. Period,.
GG: 1. spng has scientists, many of the 80 them who worked for Dicon are scientists. Lots of scientists.
2. Fuirther, spng made, pursuant to the 8/31 SEC expension filing, 50m in revenues -- and that is with only 7 items on the market. Dicon's acquisition brings another 40 products to the market.
3. SpongBoySquarePants spong will not show up in '09 figures. Neither will Pink Panther. Neither will Dora the Explorer. Neither will the mecial sponge it has bgeen selling the past few months. Neither with the revenue from the 40 Dicon related products. Neither will the sales from Sears Canada. Neither will the many items that are planned for sale in 2010.
4. Further, what will not show up in 2009 reults are revenue from sales to Costo, BJs, CVS, Walgreens, Ace Hardwares, Pet Smert,PetCo., that stain remover pen, QVC, HSN, that recent food/fed company, sa;es from Military Website, and all of the other retailers which carry spng products -- list goes on and on..
5. All of the above sources of revenue of will show up in the 2010 FY. For the tune of projected of $280m. And you are saying that the company is not showing any growth. I think you had better have an understnding of what has happened to the company, except the pps (caused by the NSS).
6. The company's growth is staring you in the face. Remember the technology is the "delivery system", not the sponges. The fundamenalts with this HIGH GROWTH COMPANY are excllent, and the pps will eventually reflect this gorwth.
That said, GLTY. Spino
My own personal opinion with no facts to support it whatsoever, is that it is a subterfudge, and that the 10Ks and reaudit will be out next week IMO
We are floating on air shares. Take the Spngetech AirFoil Ride. Shorts beware.
gufu knew that the funds from rme were for the stock equity deal of 5m with gufu. So I say so what? there was in fact no confusion by either party. It happens all the time.
CArp: Just briefly looking at trading on L2 it appears to me that there is NOT a heck of a lot of covering today. What's your take on that?
Yup. That's good for us as I think someone pointed out.
spng headed to .20, then .50. then $10.00, then ....
IMO
I checked on hdsn and UBSS is mm on that stock, that's the only one I checked. Maybe you are experiencing more nss on other stocks you follow, which might explain ubss's MIA.
Great post. Thank you for your intelligence and expertise!!!
Peace and Serenity. Spino
I have owned a lot of this stock for many months, and have not sold any.
Thank you. Very good. Good job this morning, you have been busy. Spino