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Actually thinknig about going short NITE's stock today, earn a credit and buy some more spongetech. They're going DOWN
thanks for clearing that up, I can't wait for this week.
Okay, but where can you find information about them defaultiing on their bonds. And who exactly are the shorts? Where can I look at the value of the shorts bonds, and or gather information about them defaulting?
anyone know what soapy meant when he said shorts are defaulting on their bonds?
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=38453786
Fair value I totally agree, now we gotta be thinking about the spike when the shorts puke. The risk of not getting out at a dollar seems minor if this things real value is over a dollar. How high do you think it could go with the shorts? $10 i say is very very possible
That would give a PPS of 2.59 fair value, using 30% profit margin. Wow, factor in squeeze potential and this could very well go above $10. Sounds good to me!
soapy what do you mean defaulting on bonds? Where do you find information on their bonds? If this is true margin clerks could blow these guys out of their positions very soon.
Can you imagine having to go home short this weekend? Maybe we should send some spongetech medical sponges to nite so they can clean the puke off the floors around the office. I'd suggest they get put on anti anxiety meds asap
I'm just saying, this thing trading $15 is very possible. Sorry I should have cleared that up
PRICE PROJECTIONS, Read this SEC link middle of page 3, starting with "then suddenly". This squeeze of the shorts took the stock to a price per share that valued the company 400x revenue.
If spng does 6m a week in sales, x 52=312m annual rev. X400 and divided by share count, using same valuation the universale express short squeeze lead too, and SPNG would trade $178.00!!!!!!!!!!!!!!!!!!!!!!!
My point is, its very possible for this thing to trade $15
http://www.sec.gov/comments/s7-08-09/s70809-364a.pdf
he's gotta sold around 5m at .0839, whats stopping this guy from selling 10b? Just printing shares trying to defend his position,
anyone got a count at nite at 839? They've gotta sold 4 or 5 m, these crooks should go to jail.
looks like nites got a couple billion shares offered at .0839,
Yeah I actually called interactive brokers about this a month ago, confirming that if they lent out my shares they, IB, has to make good if the thing explodes and the otherside goes bust.
Take a small portion off at a dollar, I think the risk of not getting out at a dollar, is that it goes back to what fair value for the stock should be, around 75 cents. However upside could be huge in regards to the short squeeze, I'm looking for over $10 on a good portion of the position. Read the link below about another short squeeze that valued company 400x rev at its peak
From my post last night.
6m sales a week, =312m a year
10 percent profit margin
31.2m x 20 PE just like SP500, 624m market cap
=.84 FAIR VALUE
Short squeeze starts could see this thing above $10.
Read about this short squeeze involving i'm sure the same people involved in SPNG, and using same valuation spng would be trading $150 at its peak.
This company had REV of 1m, yet traded at a market cap of 400m.
http://74.125.93.132/search?q=cache:nvzAM-67614J:www.sec.gov/comments/s7-08-09/s70809-364a.pdf+penny+stock+%22short+squeeze%22+naked+shorts&cd=4&hl=en&ct=clnk&gl=us
I wonder if SPNG's naked short problem is worse than that stock, $10+ seems very attainable.
YA BABY! 6m sales a week, =312m a year
10 percent profit margin
31.2m x 20 PE just like SP500, 624m market cap
=.84 FAIR VALUE
Short squeeze starts could see this thing above $10.
Read about this short squeeze involving i'm sure the same people involved in SPNG, and using same valuation spng would be trading $150 at its peak.
This company had REV of 1m, yet traded at a market cap of 400m.
http://74.125.93.132/search?q=cache:nvzAM-67614J:www.sec.gov/comments/s7-08-09/s70809-364a.pdf+penny+stock+%22short+squeeze%22+naked+shorts&cd=4&hl=en&ct=clnk&gl=us
the MM are naked short, and if they were long from 2 cents like you claim, who did they buy the shares from? Are you actually trying to claim the MM's are long?
NEW HIGH CLOSE, this things gonna explode tomorrow.
What happens when a stocks fair value is 75 cents but its trading a nickle, then a violent 1 way correction in fair value takes place, giving no pullbacks?
Someone should go to jail for that settlement price! The shorts must be so screwed that they have to resort to slipping a traded price 10% off the market. I'm contacting the SEC right now and I encourage the rest of you to do the same.
If you have a margin account you can't do it, however is your account is a cash acocunt you can, that is encouraged.
You think thats wide, just wait till the shorts start to puke. This thing will be 20 cents wide, and once over a buck a lot wider. Just have your resting offers.
Golden cross monday, 50ma xabove 200ma, very bullish. Charts tell the story, my guess is that this weekend we get a good PR about sales, being that its the end of spng's fiscal year, something envolving the uplisting to nasdaq. It'll hopefully be the end of the shorts and posts from the bashers.
I posted friday about this and it was removed, I'd like to know why too.
The most recent IPO on the nasdaq, OPENTABLE, which according to this wall street journal article, has a 2% profit margin, earned 366k in profit on 16m in revenue for the first quarter. So assume no growth, thats 1.46m in net income this next year. They have a market cap of 633m according to bloomberg. So basically they are trading 433x earnings.
Now if SPNG can continue to do 5m in weekly rev, with a profit margin of 10%, and PE ratio the same as the SP500 of 20,
SPNG=.72 cents.
This does not include any share retirement or spongebob sales.
What if SPNG has a ipo half as good as OPENTABLE, and it trades 200x earnings? SPNG=$7.2.
What about the NSS?
links to the 2 articles,
http://www.bloomberg.com/apps/quote?ticker=open
http://blogs.wsj.com/venturecapital/2009/05/20/opentable-ipo-prices-at-20-better-than-expected/
Great Idea! Will plan on doing that every day for wallmart, costco, samsclub and autozone. Just emailed all there customer service departments telling them I do all my shoping there and have to go out of my way to get spongetech products. I'm going to call all the local Walmarts and ask for the manager and ask that they carry spongtech.
SpongeTech in Crains New York!
http://www.crainsnewyork.com/article/20090517/SUB/305179971
Bashers morning attack, spread lies about OS changing all over message boards and MM's hit the stock at the same time. Now all the children who foolishly listened to them and puked can buy back in, this stock will be much higher by the end of the day.
I agree, 10 is more common, was reading in barrons and it mentioned SP's is 20, just trying to get some price projections where this puppy could go. So we can agree on a price between .50 to around a buck. What is the short squeeze potential? 10+ dollars seems more and more within reason.
Where do you find more information on this Pavc?, having a hard time finding a chart or any information on this. Also does anyone else have any idea where I can look for past stock short squeezes? Just trying to formulate a plan for possibly how high this thing could get. I figure companys worth is around $1, 350m annual sales including spongebob, 10percent profit margin, 20x PE like the SP500. =$1.02