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lol, prolly those 4 are crazy investors in spng.
im a mod, and i ain't listening to the NSS nor the dilution either. Im moderate, i think it's both, and it's supported by facts. The non RME shares are 220m at least according to the PR, so SPNG must have sold some shares to other people beside RME since May, because the number of the non RME at the time was only around 97m. People can be delusional and think the NSS keep naked shorting these stock at this price because A. They are stupid B. They are insane. I chose to believe in C. Because they know something we don't know or there isn't that big of an NSS.
well then why do you care about other people posting stuffs that they have concern about? They are invested in the company and all the company does is hiding stuff left and right, so they have the right to be pissed about.
so everytime you are green, you're happy and shut up? And when you are red, you cry foul about NSS? Green for one day and red for 2 months is something to be happy?
I think it's a little bit of both, dilution and NSS, although the NSS is not as big as people claimed it to be.
I think that it's good that he has doubts. You're talking about him spreading false rumor, it's actually pretty credible despite not yet factual. How about this rumor that we gonna get bought out? And then out of the blue, there is some dude with a brand new alias stating that he works for in the automotive industry talking about a possible buyout from P&G. Is that considered rumor?
no he's not that kid.
they were talking about storage capacity, it has nothing to do with them having 10m units of sponge. Picking on the wording is just plain absurd. They said this facility has the capacity, meaning the whole storage facility, not individual storage unit. There is no rental unit available on a 17000 cubic feet worth of space in that facility.
Because Micro said it on the board, that's why people started talking about monday afternoon.
I think what they meant is the entire facility has the capacity up to 10m, it doesn't mean that they already rent out that much space. They don't even make that many sponges yet to be stored 10m.
what is your thought?
remember wednesday trading? it still doesn't make sense to me. UBSS out of the blue just let us have some gain? My guess is that some major shareholders, i.e. Dough, Micro got pissed and threatened to sell or something similar and the company lets the stock runs for a bit. I cant shake the feelings that SPNG is screwing with us, they announced PR and then just forgot about pushing the price, or at least keeping the price steady.
it doesn't make sense that way dude, no one is that insane. We are the amateurs here. We don't know if the company is completely honest yet. You can talk all you want about trapping the short for by increasing AS, there are holes on both stories of dilution and NSS.
meh, if you talk to Doug, he'll tell you how many shares he has, it's not top secret info. However, he doesn't like soapy posting shit on these mb.
do you have better things to contribute or just hovering around posting useless info? Everyone knows they issue shares to pay for their expense. Do you have any suggestion where should they get their money from or just being a smartass?
meh, i suspect spng is trying to screw with us, releasing pr to make people buy, and then BMAS just backed off the bid at the last second. If they stand at the top of the bid all day, they would be the only one that buys, so they backed off a bunch of times.
EPS is growing, that's a fact. But i don't like they gag the TA and issuing new shares either.
dude, you know what you said don't make sense right? If they don't dump RME, then there is no way how that can increase the volume. You cannot have one without the other, if they issued new rme shares retricted, then where are those high volume come from?
how about google it instead of going on the mb and start questioning people? Sheesh, you ain't that innocent either, buddy.
meh they showed up whole day already.
ITEM 2. UNREGISTERD SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
http://www.bvmarketdata.com/defaulttextonly.asp?f=Rule%20144
Unregistered, aka restricted. Rule 144.
so the only thing you need to do now is keep monitoring that Delaware website, if they raise their A/S again, then they really lie about trying to reduce the o/s.
he said flood the market with 600m shares, that's dumping into the float, while we all know that those shares are restricted. Fine, it's dilution, but it ain't flooding the market with 600m shares. Start reading his post that i replied to.
so they flood the market with shares immediately after good news? lol, pumping 101, let the market believes good news so the pps rise, then dump, doesn't it make more sense than dumping at ridiculous low price? Also, Doug is still buying, why won't the company let the share price rise so Doug has to pay more money for that?
yeah, restricted shares flood the market, sounds really plausible.
lol, and you think the cpa and auditors let them get away with that? Oh please, stop this nonsense already. You're the one that do all the spinning.
Let's see, you link the fact that they got the order for Puddlepal and Pet Sponge to a completely different part which talks about their revenue recognition to somehow spin those order become sales when the company clearly didn't make that connection. We dont even know how much "specially configured" sponges make up of their sales.
ask steve about it. What i said will be speculative, can be because those customers accounted for too small of a percentage of their sales to be listed as major customers. And be nice to him, don't accuse people of being a crook or thieve if yo u want info from them.
So what? Remember those customers are counted as november 30th, ace hardware shipment is dec 8th. Unless you assumed they lied on their 10Q about shipping to ace hardware.
cause the company can't do any repurchase within 3 period before and after the 10Q. Hence, BMAS just sit there and doing nothing, that's why we got hammered the last 6 days
We are making a strong effort to increase the domestic sales in automotive stores, retail stores, home improvement stores, convenience stores, mass markets, catalogs, drug chains, dollar stores and specialty stores. These efforts have already resulted in shipments to Kroger, Ace Hardware, LTD, Bashas’, Price Chopper and other distributors. In addition, we are participating in numerous local and national trade shows throughout the USA to promote our products in business-to-business as well as business-to-consumer sales events. Also, during the last quarter we also expanded our sponsorship of professional sports teams by entering agreements with the New York Islanders, the New York Rangers, and the New York Knicks.
i dont think they have the cash to do that. A/R is abysmal.
i saw that, lol, hence i asked.
yeah, the company's CEO got in trouble, didn't he?
call steven and ask him why, instead of asking us, we're just speculating as you are. Ask him, then if you think he's bsing you, sell.
yeah. Safe harbor only protects you from forward looking statement.
dont know, go ask the co.
here is for you and zlover
960 (fine, after the cancellation which takes up to 6 weeks)
-79 (last week pr)
-46 (they did it on monday or tuesday)
-55 (last week pr)
= 780 (exact)
read the entire thing carefully instead of reading just the first line
meh, it already happened, just not taken effect yet to show it on the 10Q as completed, since it takes 6 weeks for the treasury stock to be recorded.