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eeso a few minutes late, and not the direction I would have picked....
Thats a very good estimate, and it WILL have to be out in the 30 day grace period, or we'd be(Fill-in-the-blank, with Expletitive of choice.)
Robinson, not D&T has to do the mulligan.
EESO volume trend been heading down, but share price holding for the last hour, next 10-15 minutes will likely show where this is going....GLTA
Ask me again next Wensday...lol
I for one am SO GLAD to hear from you, Hang in there buddy!
"Its allways darkest be fore the dawn." GLTY
Should get interesting about 1:20 EST.
I checked 10 minutes ago, both spng and spnge?
Some thought I was wrong about SEC Deliberatly stopping the short squeeze by putting suspicion on spng thru the auditor connection...Then the PPS goes into free-fall, allowing yet another chance for shorts to cover.(For cheap!)
And now it's off the SHO list! (Imagine THAT!)
Is there TRUELY none out there that think this was done deliberatly?
Makes perfect sense to me. The SEC will go to any length to stop a squeeze of significant proportions.
The King has no clothes, and everyone pretends not to notice.
Morning all. TGIF!
Wonder what the T-trade % will be today?
Think EESO to gap up tommorow?
Here's a link to explain AMYE, one of the "Market Makers"
http://en.wikipedia.org/wiki/Market_maker
Amen! The revenge factor, or oneupsmanship won't help anything. Time to get the finacial facts in a row. JMO, GLTA
Still in cgcr? Thnx
SEC is the smoking gun here. They would much rather throw mud on a company activly looking to create a position to completely ruin the shorts, and have, Instead thrown sand in the works to stop that short squeeze....Nothing you or anyone could say will change my opinion on this.
When you have to go over accounts that have been done by someone else, its seldom simple.
We will see if there is a "smoking-gun" in the books shortly IMO, and there won't be a large discrepency either..If any. The less-than-compentent auditor was not singled out for errors in Sponge's books...Anyway its my belief that this is a ploy by the SEC to prevent a squeeze.(An elaboratly planned, revenge squeeze.)
The post article implies an investigation by the SEC, and the ACTUAL problem is the FORMER accountants, not Spongetech the company. There is no factual information about SPNG "cooking the books". Here's a anology....
You need something repaired on your car and the repairman screwed something up. Is it your fault the car has a problem? No. Is it the cars fault? No, but now you have to do a search for a better qualified repairman.
Thats the Truth. Every day. If the fundamentals were poor, this would be sub .00's But It's not.
On a cheeryer note, I did like to see a substantial T-trade of 900,000. Someone with money is still buying in.(Was AYME, of course.)
Untill filings are in the public view, anything from SM is merely disinformation.( And Bill Y. also) JMHO
Same here, 28 buys since June, not 1 sale. We need to know the actual share count.
160+ million so far.
Yep, on zecco.
He was here earlyer, posted the bottom bounce vid.
http://investorshub.advfn.com/boards/playvideo.aspx?v_id=652
Everywhere except the 'hub...I did check AOL, SPNG works.GLTY
Dosn't matter, SM sounds like the chorus in ANNIE, "Tomorrow. Tomorrow,it's always Tomorrow..."
I've asked others, seems to be universal..Everyone back up?
Why is stockcharts.com listing SPNG as NASDAQ BB?
The last 3-4 trading days I've been mulling something like this over and over. No way does the SEC want a highly visible short-squeeze event, and I suspected the SEC would find some reason to pause/stop the trading of SPNG...This isn't one of the scenario's I came up with, but It'll do....
R/S to be cancelled?....SM should address this as quickly as possible.
Good Morning all. SPNG has filed an amendment form 8-K/A.
http://sec.gov/Archives/edgar/data/1201251/000114420409048616/v160571_8ka.htm
That, or they were "Deer in the headlights" mode with a big monkey wrench in the well-laid-out plans...One thing is sure, today will be interesting.
I would have liked that to happen, rather than the speculation thats been going on....But someone posted earlyer that SM likes the Drama. GL
Never saw this coming....Well it does make for a "Valid" reason for the 10-K delay.....What next? GLTA
Agreed, they put shame on the corporate philosophy they claim to adhere to "Cause no harm".
Begining to wear a groove in mouse button, from refreshing the SEC/Edgar page.
T-Trades on friday was Very close to that %, of the daily volume. (7.8%)