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Ghost,
A high caliber board indeed. Moderated competently. Our more prolific denizens spanning a wide gamut for sure. Personalities of virtually every ilk. And absolutely. No shortage of brainpower to leverage. And good on us as...
Together. we win.
And welcome.
Good to have you with us.
As for posting?
Go to the main board by clicking on...
'Spongetech Delivery Systems, Inc. (SPNG)'
On the far right side, immediately above the postings section' title bar, you'll see two navigation links…
'Previous 50' and 'Next 50'
To the left of same you'll see…
'Add to Favorites'
To the left of that you'll find what it is you're looking for…
'Post New Message'
The means of posting in the absence of a direct reply situation.
Just click and type.
PM…
And in a good way?
Thank you.
And certainly. If they could, the shortists among us would precipitate as low a low as possible. What they're hoping for. And they might as well try to grow wings and fly. As the bottom has been hit. As of the 29th. Try as they might they won't succeed to any greater degree. And will, this coming trading week, be scrambling to cover. Adding to the upside momentum as management turns up the heat. Material company events relating to new SKU's ready for shipment, etc. A certain anniversary to be celebrated. A whole host additional. As cooler heads, in general, prevail. Grasping the bargain basement reality. The opportunity of a lifetime. Golden ground floor such. America's Cleaning Company at a fraction of a dollar per share. Stock, that in a matter of only a few weeks, will be trading at $4.00 plus.
Couldn't be simpler.
The risk/reward no-brainer of the century.
The shortists will continue the distortion routine. But all is lost for them. The tide having unequivocally turned. And, again, the telling graphical.
Volume and all...
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
Saying all same has to/needs to.
Readying for a huge move up.
Management firing on all cylinders.
America's Cleaning Company
SpongeTech
SPNG
A shareholder respectful management team not even slightly about to let a pathetic gaggle of short and distort artists undermine all. No less than an earlier steadfast refusal to cave-in to an equally pathetic gaggle of phantom shares artists. The miscreant bunch of them now on the verge of becoming the collective steppingstone to far greater things overall. Company long-term success. Senior listing. Management and faithful longs laughing all the way to that proverbial bank. Laughing heartily.
Readying for some truly serious green.
The which simply fits.
"To da moon!!!"
And recalling…
"And sure, There's a massive magnitude consolidation of the Outstanding stock in the offing. Right in line with a called-for change of company ticker symbol. Right in line with throwing money away on a massive open market buyback. Right in line with ongoing retirements/cancelations. All of it fitting like one of those proverbial gloves, hmm?"
Hmm?
Some people's kids.
Gotta love it indeed.
P.S.;
Drew...
Congratulations to you and your betrothed.
All the best.
Thank you.
Jeff,
We know that the NFE Conference presentation was successful. The welcome Reuters coverage resulting. The rating of Outperform. But based on a very limited operating history. And, particularly, from the point at which operational focus was changed to product development. The bottom line result of same being to smile about. The bringing of value. Market level soaring from sub-$0.01 levels to a High of $0.2851. And how much higher before an actual consolidation period did emerge? How much higher in the absence of prevaricating thieves coming to the fore?
The point being that many top-tier ratings services will be offering a worthwhile assessment of America's Cleaning Company come the completion of due diligence. The coming audited numbers. The year-over-year advancement. And then factoring in that which management is extremely diligent about, i.e., projections and guidance numbers. Missing not so much as even a single opportunity to get the telling message out. The July numbers. The August such.
The August/September timeframe, as earlier talked about, poised to be an environment equating to the stage set ideally. For the move upstairs. The senior listing. Assuming, of course, that management stays the course as, so far. outlined. Fundamentals-operations-squeeze play intent.
As for the M&A route?
We wait.
We find out.
Norm...
Your words:
"I have been doing this for 45 years."
"I used to work for Shearson Lehman Brothers as a Analyst for emerging growth So I know of such matters besides having a firm on the street and being a MM in the eighties"
And your responses to my posts:
"Being a former analyst I will get into these numbers with you later, However , let me say , you are getting far ahead of yourself in sequentual marketing costs, and economical slack issues. But I do like your Articuation. They need to build a much better capital struture that will support that type of growth, But we will speak of it soon'
"No stoxmagix What I'm saying is I don't care about zero debt I care about spending more money then I'm getting in, not out of the air BS Okay"
So, you'll get into the numbers with me later? And a little something I notice you're fond of saying in general. And what was it last time? A barbecue beckoning you?
You claim that I'm getting "far ahead" of myself relative to "sequentual marketing costs". With my not having so much as even a clue as to what it is you're talking about. You then disjointedly make reference to "economical slack issues". And I can only assume you're referencing the macroeconomic. And, again, you've entirely lost me. Then we have the (ahem) issue of the company's "capital struture". The apparent need for improvement. With my responding to you as I did. Pointing out certain realities.
And, so, okay.
On the marketing front we have a case of Q1 through Q3/'09 costs in the $9m area. With fiscal '09 gross revenues projected to well exceed $50m. And this stellar level of return on investment displeases you? That it? The fact of ramping up the fiscal '10 marketing budget to the $20m area comes as a great surprise to you? A baffling pronouncement?
And you "don't care about zero debt"? A former analyst cares not about a successful, rapidly growing/expanding startup being entirely debt free? You care about "spending more money then I'm getting in".
Then you're getting in?
And perhaps, at this point, you can readily grasp why it is I spoke of you making no sense. At least not to me. And there's certainly no general offense intended on my part. My being entirely open to calm, rational, sensible discussion at all times. So do feel free to point out the specifics. Getting down to the numbers. Clearly demonstrating to me just where I'm supposedly misguided in any way(s). What it is I'm not seeing or seeing wrong.
Humoring me at the very least.
And perhaps the following from Mr. Metter will be of assistance to you...
'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.'
And, hopefully, you've had a pleasant weekend.
Barbecue and all.
Jeff…
Yes.
And here it is...
"council (Fred) wrong again, I have posted and made comments several times on stox's posted messages"
And to what end exactly?
What have the faithful longs had to wade through? Been forced to constantly counter? Setting the record straight. The untwisting of self-serving presentments.
And let's start with pump and dump. And how about SEC investigation? Authorized/dilution? Trading halt? Reverse split?
And where the accuracy?
How about the litigation? The recent judgment? The mindless attempt to draw America's Cleaning Company into the fray?
How about the more recent claim of managerial misdeed in relation to the Q3/'09 net income figure? The fact of management having simply erred in PR'ing what they did. That the referenced figure... 'was over $2,250,000'. A simple misstatement. And , again, for any number of fitting reasons.
How about the ludicrous claim of management having padded the numbers courtesy of legions of enlisted souls dispatched to create false demand for the company's products? Targeting, supposedly, low turnover locales.
And where the accuracy?
In any of it?
Nothing but the mindless twisting of reality.
Short and distort.
And, sure, the involved succeeded. To a degree. And what exactly? A little more than a double, at best? Short at $0.25 and cover at $0.11. And small wonder why the distortion routine continues?
All the effort they put in. And for what? Realistically.
Amazing.
And about to get it in the neck in a very big way. The bottom having been hit as of the 29th. The tide having finally turned. It being a tough break that the major markets/exchanges did collapse as they did last Thursday. Reversing what would otherwise have been a significantly green session for us. But not to worry, as the fundamental, operational and technical picture points nowhere but up. Our coming trading week to see the talked about serious green.
Back to earlier dynamics. The longer-term trend.
The $0.50 to $0.70 range by late August.
Precisely that which management is working so hard to bring to fruition. The needed higher launch point.
No shortage of the necessary sparks/catalysts in the offing.
Material company events to get excited about.
A fitting return to earlier dynamics.
Fitting green.
And taking care.
You and the rest.
John,
You're welcome.
And will do.
An ongoing need of setting the record straight.
Fun and frolics.
Norm...
Sorry, but your response makes no sense to me. Seems to be pulled from thin air.
We're not talking a highly leveraged situation here. Company is debt free. And management has made clear the proactive maneuvering relative to externally-sourced capital.
And...
'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.'
The coming audited numbers will be telling. Cash flows. Equity. The rest of it.
We shall see.
CM,
We'll take a little look-see. See if we can't, yet again, set the record straight.
And so...
(October 16, 2008 … Referencing Q1/'09)
'Net income for the three months ended August 31, 2008, was $1,076,053, as compared to a net loss of $10,261 for the three months ended August 31, 2007, an increase of $1,086,314.'
[ was $1,076,053 ]
And from the relevant filing…
Net income (loss) … $1,076,053.
(January 15, 2009 … Referencing Q2/'09)
'Net income for the second quarter of 2009 was $2,320,985, compared to $8,668 for the second quarter of 2008, and reflected significant growth over the same period last year.'
[ was $2,320,985 ]
And from the relevant filing…
Net income (loss) … $2,320,985.
(April 15, 2009 … Referencing Q3/'09)
'Net income for the third quarter of 2009 was over $2,250,000, compared to a net loss of $188,482 for the comparative 2008 quarter; reflecting exponential growth over the same period last year.'
[ was over $2,250,000 ]
And from the relevant filing…
Net income (loss) … $1,513,422.
Noticing that, unlike the prior periods referenced, management wasn't able to nail down an exact number. And again...
Q1...
[ was $1,076,053 ]
Q2...
[ was $2,320,985 ]
Q3...
[ was over $2,250,000 ]
Nothing deliberately misleading even slightly. Nothing untoward. Simply a matter of inability to state an exact number. With management's PR'd estimate simply proving up to have been a tad on the high side. And for any number of fitting reasons.
As simple as that. And will the grasping at straws never cease? The twisting of reality?
And not likely?
Onward and upward.
Carol, et al...
To-date we have the fact of a multi-bagger from the bottom.
From sub-$0.01 trading levels to a recent High of $0.2851.
The glaring truth readily escaping the notice of only those hosting no interest in seeing.
Saying all same has to/needs to.
It being in one's own financial best interest to maintain a balanced perspective. Seeing the big picture. Not getting too far ahead of one's self. Seeing things clearly.
And, so it is, we know just what to look for in the coming audited numbers. And relative to the talked about collateral we have a case of issuances complete with restrictive legend attached. Not a case of freely tradable. Not to mention the ongoing buybacks. The, thereafter, cancelations/retirements.
And, again, what we want is to know that the company's current approx. twenty-five SKU's continue to be well-received. Continue to be snatched up. And then factoring in additional SKU's coming on line. About to be released.
And again…
[ The better products are still yet to come.]
[ Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be. ]
And from June 12th…
'SPNG ... is pleased to announced that the Company has secured approximately $6.4 million in new orders for the month of June to date. More and more retailers are beginning to order and carry various SpongeTech® products as the Company continues to nationally brand itself as America’s Cleaning Company™. SpongeTech® products can be purchased is various retail outlets including drugstores, supermarkets, membership warehouse clubs, and big box stores.'
[ More and more retailers are beginning to order and carry various SpongeTech® products ]
“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.”
[ Consumers across the country have been voicing their demand for our products ]
'Moskowitz continues, “Our R&D team has been working on developing over 20 additional new products including a suntan lotion applicator, household cleaning mop, kitchen sponges, adult bath sponges and additional “character” children’s bath sponges. Now that we are being recognized as America’s Cleaning Company™, we look forward to introducing new and exciting products to our loyal customers in the near future.”
[ we look forward to introducing new and exciting products to our loyal customers in the near future ]
So we can expect to hear about the July numbers. Just as with the June such. Early in the proceedings. And ongoingly, as fits. With an additional twenty plus SKU's to be soon added to the company's product offerings. And then factoring in the recent penetration into Canada. Plus the recent Latin America marketing campaign.
And...
'The widespread acceptance of SpongeTech(R)'s products in the U.S. marketplace and the exceptionally high reorder rate from existing customers and new customers has resulted in the expanding of SpongeTech(R)'s marketing efforts into Latin America.'
Plus, of course, the recent marketing focus on the more than ten million members of Military dot com.
The coming audited numbers poised to be an exciting read. The Q4/'09 reality. With Q1/'10 poised to be truly eye-opening.
The tide having turned in more ways than one. As ongoing operations advance significantly toward self-sustaining realities and market level returns to fitting trading dynamics. Our coming trading week to see significant advancement upon the $0.12 area, as talked about. The bottom having been hit. With subsequent such weeks to see no less. To see continued advancement in line with the entirety of the aforementioned. Ever-strengthening numbers.
A pps in the $0.50 to $0.70 range by the time the coming audited numbers become available for the perusing pleasure of all.
The truth of America's Cleaning Company having emerged.
No shortage of SPNG millionaire$ by the time all is said and done.
Bidding a welcome goodbye to the BB. The mechanisms. The machinations.
A capable, competent management team getting the job done. In the absolute.
The bringing of value in line with having rightly changed company operational focus to product development.
From sub-$0.01 trading levels to $4.00 plus.
The shareholder respectful way.
Millionaire$ indeed.
Chatting with you later.
Thank you.
PM...
Thank you.
Appreciate the vote of confidence. The enthusiasm.
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.
Just a matter of holding tight and continuing to fight the good fight. Continuing to set the record straight.
The shortists are seeking maximum return. And it would be one thing if America's Cleaning Company was lacking in fundamental and operational soundness such that a short approach was a legitimate fit. But proceeding via the wanton spreading of mis/disinformation is a whole 'nother matter. Sad at best. Caring not so much as even a whit for the innocent caught up in the criminality.
Take care.
Risk…
Thank you.
And absolutely. No shortage of agile minds among the faithful longs. Countering as called for. The truth emerging. And, indeed, a green trading week coming up. That which simply fits.
All the best.
John...
No matter what the eventual means of achieving the senior listing turns out to be, we have a case of a need of a significantly higher base from which to launch. No matter how one looks at it. All the routes available to moving upstairs call for as high a launch point as possible. With such being management's obvious goal. The specific wording within our latest PR's telling the story. Not just the 'material' therein but the associated sentiment.
The bottom having been hit. As of the 29th. The unequivocal. Significant advancement upon the $0.12 area looming large. Definite green.
And viewing the big picture we see the fundamental and operational reality. And what does it say should the July numbers, as the month progresses, prove up as another record month in the making? In light, that is, of the fact of 100 SKU's by EOY 2011? The operational focus on product development. The greatest gross revenues and net return yet to come.
None of it being a difficult read.
Reuters Company Research having come up with their rating of Outperform on the basis of a solid assessment. Solid management team.
And what we look for, come the fiscal '09 audited numbers, is quality of earnings.
And recalling...
(Q1)
Issuance of common stock for fees, payments, advertising, etc… $3.3m.
(Q2)
Issuance of common stock for fees, payments, advertising, etc… $4.8m.
(Q3)
Issuance of common stock for fees, payments, advertising, etc… $1.6m.
A total of $9.7m.
With it being wholly unreasonable to expect any startup stage company, in a phase of rapid growth/expansion, to achieve worthwhile operating results in the absence of having applied a little externally-sourced capital. RM Enterprises, in this case, being the source. Collateralized loans.
And, so, we seek the fiscal '09 fourth quarter detail on the subject. The degree to which externally-sourced capital is becoming less and less necessary. The fact of RM Enterprises continuing to fade from the picture. Sufficient cash flows from ongoing operations to dismiss all obligations.
And is that it?
And not quite.
We need consider the fact of intent to significantly ramp up the company's marketing budget to the $20m area for fiscal '10. The here and now. An approximate doubling from the fiscal '09 reality. Our knowing that the first three quarterly periods of fiscal '09 were associated with approximately $9m in marketing expenses. And, so, an approximate doubling year-over-year. Thereabouts.
And we have the following...
(Mr. Metter from March 5, 2009)
'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.'
And, so, RM Enterprises expected to fade from the picture. The operational goal. The potential A/R financing being an 'if and when needed' proposition. Depending upon circumstances. It remaining to be seen just how the cash flows picture strengthens in light of synergies and economies of scale kicking in. New products coming to market. So on.
The coming audited numbers to be an interesting read. The July and August gross revenues numbers no less interesting. Telling us much. All things considered. Seasonality and all. Painting an interesting picture.
Not the best of times to be sitting on that proverbial fence, as talked about. As the prospect of any number of highly uplifting PR's hitting the wires looms large. From continued significant fundamental and operational advancement to the senior listing push and all else.
Continued good word from the inside seeing market level doing nothing but climb. Longer-term trend.
As befits.
As previously.
Prior to the twisting of reality coming to the fore. Coming into full sad swing. Short and distort criminality. Misinformation. Disinformation. The wanton spreading.
And, certainly, the faithful longs won't be shedding any tears as the shortists among us deservedly scramble to minimize losses as market level does ascend as previously. In line with the truth.
The truth of America's Cleaning Company.
SpongeTech
SPNG
And Abraham Lincoln…
"Truth is generally the best vindication against slander."
And indeed.
Onward and upward.
Thanks all.
And you're welcome.
TWF...
Agreed.
And, earlier, I presented a personal perspective regarding the 'NASDAQ puzzle' such that it would be a case of M&A. My personal take of the situation. That management would leverage the M&A route. And I'm still of that particular viewpoint. And for numerous reasons. Inclusive of what IR has told us about M&A being 'always on the table'. And because a 'creative' approach to same could keep things quick, simple and cost-effective. Mutual benefit. With America's Cleaning Company retaining all intellectual properties rights in full. Where the value is. Branding. And, certainly, we shall see.
I'm certainly no seer of kind, type or sort. But there's something about the whole of it that has me firmly of the opinion that we'll be playing welcome witness to a bomb of a PR. Telling of M&A discussions/negotiations having been entered into with an NCM component.
And doesn't mean that the 'fundamental-operational-squeeze play' route is out the window. Only that management is (ahem) covering all the bases. Looking at every available option. Simply the smart thing to do. And as our good friend 'no_BS_plz' wisely states as regards management…
"These guys are no dummies… ."
And indeed.
Not even slightly.
As capable/competent as they come. Not to mention shareholder respectful.
The 'NASDAQ puzzle'?
And we shall see.
Lupientr…
The increasing Authorized situation is all about increasing shareholder value. It's not the OTC typical situation. Dilution. Toxic financing. The ugly rest of it. The beauty of the situation being that management is applying their own money in bringing value to shareholders. Putting their own money on the line. And, very much, bringing value to shareholders. Themselves, very much, inclusive. With the best, by far, yet to come. A need of bearing in mind that market level, not so long ago, was at sub-$0.01 levels. Multi-bagger ROI. So no complaints. Serious paper gain.
And, additionally, the Authorized bit of business lends itself to an M&A push.
And Mr. Metter…
'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.'
[ future acquisitions, shareholder dividends, or other corporate purposes ]
[ shareholder dividends ]
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.'
[ We do not expect to have any dilutive financing in the near future. ]
The Authorized situation being, again, about enhancing shareholder value. Not negatively impacting such.
All being well.
The bunch of us couldn't be in better hands.
Holding tight.
William...
The OTC is what it is. Hosting the myriad companies it does. With it being a very tough row to hoe to take a startup to fully operating status. A need of applying equity in doing so/attempting to do so. A vicious cycle of issuances and consolidations. Standard operating procedure. The OTC typical.
But not here. Not the typical but the atypical. Nothing self-defeating. Nothing toxic. And if it does come down to a reverse split? Well, by the time all was said and done America's Cleaning Company would be an NCM component. Trading at $4.00 or above.
The post-split reality wouldn't be about the BB.
The split would be the final step in ascendance.
NASDAQ listing.
There's none of us can say exactly how management will proceed in the 'end'. And many posters to this board have presented compelling viewpoints on the subject. The agile-minded at work.
But, simply enough, we'll know when we know. And one thing we can say is that relative to the original plan of the 'fundamental-operational-squeeze play' we've heard nothing formal about any intent to deviate from same.
Having to wait and see.
The M&A approach and all.
It being all about long-term success however one looks at it.
America's Cleaning Company.
SpongeTech
SPNG
A target of one hundred SKU's by EOY 2011. Knowing that the best is yet to come.
And Mr. Moskowitz from the NFE Conerence…
"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."
[ The better products are still yet to come. ]
[ Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be. ]
The best is, indeed, yet to come.
And as for market level…
'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.'
There being a distinct need of a significantly higher base from which to launch. Not to mention the distinct advantages associated with a fitting pps relative to an M&A push. So on.
The PR parade to continue. The impetus from the inside. The faithful longs continuing fighting the good fight. The bottom having been hit as of the 29th. The tide having unequivocally turned. The technical signaling strength.
Our coming trading week to be one to smile about.
Back to earlier dynamics.
On to a fitting value/valuation.
Far in advance of the $0.12 area.
[ The better products are still yet to come. ]
[ Those are where the big dollars in the product are and that's where our biggest gross profit margins are going to be. ]
Holding indeed tight.
You're welcome and thank you.
Kind words appreciated.
Readership appreciated.
PM…
Thank you.
You have a pleasant weekend also.
Rich...
We'll start here…
(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."
[ Well, we’ll deal with it when… . ]
And, so, a possibility?
What we need consider is that achieving the senior listing ASAP is paramount. By any means available. And bearing in mind that a consolidation, of any magnitude, has no impact on value. Same value after as before. And let's take a 1:50 consolidation as an example. An SPNG position of 150k:
Pre-split...
150,000 x $0.12 = $18,000
Post-split...
3,000 x $6.00 = $18,000
And, sure, many times at basement level a consolidation of 1:50 yields, soon thereafter. a full retrace back to pre-split levels. And courtesy of management applying equity. Dilution. Coupled with MMM. But what we're talking about is achieving a senior listing. Moving upstairs.
And at the recent NASDAQ meeting?
And again…
"We have 3 of the 4 qualifications. We have the asset base, we have the shareholder base, we have the profitability base."
And, doubtless, the listing Panel was curious as to why no intent of a consolidation. Achieving the needed initial listing pps via the path of least resistance. And no. We don't know what went on at the meeting. Exactly what it was was discussed. But if a consolidation had been deemed the best approach by management? And, indeed, we'd know. Three of the four qualifications plus a consolidation. Four of four. Senior listing achieved.
There's been an open market buyback. Significant capital applied. There's been retirements/cancelations. Personal financial sacrifice. And we've been told by company IR that a consolidation would mean a change of company ticker symbol. And whether temporary or permanent we can't say. And we have our 'entrenched' friend and the possible associated 'personal' angle, as earlier discussed.
The bottom line being that a consolidation would be damaging. Be not smart. But, possibly, in the 'end' necessary. And management again…
[ Well, we’ll deal with it when… . ]
We have to achieve the senior listing. Company cannot succeed long-term in the absence of. Has to be. One way or another. And as it currently stands, NASDAQ meeting and all, it's looking like it'll be the shareholder respectful route. SPNG millionaire$ reality. And kudos.
As for the Outstanding count?
We want and need that which facilitates the intended squeeze play. We want and need, firstly, to expose the 'entrenched' position. Clearly demonstrating the reality to both the DTCC and the SEC. Job one. The fact of there being more shares held inside and outside, together, than there are Issued and Outstanding. The nakedness. And management continues to retire/cancel to that end. With job two being to squeeze the perpetrators. To force covering. A little something that can be achieved via a number of means. Combination of means. Involving certificates, CUSIP number, dividend(s), etc.
Management having formulated a plan. There being a certain and specific way they intend to proceed. Sticking it to the perpetrators. And entirely understandable if the 'ransom' chatter does represent the factual. Unmitigated gall.
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?
Another very important consideration being the base from which to launch. And, certainly, $0.12 isn't it. Or thereabouts. And our good friend 'having fun' made mention of having had a dream last night.
And…
"I had a dream last night...checked my computer one morning and the spng price .68. I never dream these sort of things, maybe a premonition? Never hurts to dream. It will eventually get there, dream or no dream."
And prescient? Relative to my own thoughts? Because the simple fact is that my own personal perspective is that we'll see market level stably in the $0.50 to $0.70 range by the time the coming audited numbers are officially posted to the relevant database.
Management firing on all cylinders. It being none too difficult to see that the PR campaign, the specific wording within, is specifically designed to overcome the recent manipulation/fallout. Getting back to the pre-'black' Friday trading dynamics. With it being unfortunate that the major markets/exchanges did collapse as they recently did.
But not to worry, as the tide has very much turned. Bottom having been hit. The technical signaling strength.
With, absolutely, a need of a higher base from which to launch. Significantly in advance of the $0.12 area. Managerial intent. Buying and holding.
And said manipulation? The 'short and distort'? And the perpetrators behind our 'entrenched' friend? And any connection? Certain parties getting a tad nervous?
The senior listing will come. Down the road. At a time when the July gross revenues numbers will be available. At a time when the August such will be known in large part. The fighting of the good fight to continue. Management retiring/canceling. And not a wasted effort because we know that there's no getting naked any more. Not happening. So each and every retirement/cancelation has a tangible impact at market level. Speaking for itself.
The worst being over. The tide having turned. Market level back to the pre-'black' Friday dynamics. The SPNG truth having emerged.
America's Cleaning Company.
Money in the bank in the absolute.
John...
"Any idea when SPNG can start moving to, say $0.20-$0.25?"
We're headed there right now. The tide having turned. Management firing on all cylinders. The faithful longs fighting the good fight. No shortage of material company events detail in the offing. Inclusive of a certain anniversary and gross revenues detail. July numbers as the month progresses. Management not about to miss any opportunity to make plain yet another record month. Headed that way. So on.
Market level poised to climb as previously. The truth having emerged.
Buying and holding.
William...
I've updated the graphical with a secondary chart. The Volume...
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 daily stats. associated with the earlier run-up vs. that associated with the manipulation/fallout. And bearing in mind that the 12th saw a High of $0.2851. Significant out-of-the-gate entering/adding.
The volume picture speaks (ahem) volumes. Telling us much. Just how lacking in conviction the recent trading has been. Folks holding tight.
A return to the prior dynamics. All of it. In the making.
America's Cleaning Company.
The truth having emerged.
Bpolori...
Thank you.
"BTW, do you think the company is going to retire shares? How do we get to NASDAQ and when IYO?"
And yes. In the absolute. Continued tightening of the Outstanding stock count. Imperative. Setting the stage in full.
As for 'how' the senior listing?
We can't say.
Could turn out to be via M&A. Management, we know, being entirely open to such.
And if so?
Well, a bomb of a PR sending market level soaring.
But, if indeed, the fundamental/operational/squeeze play approach is it?
And not, again, until the coming audited numbers go primetime. Jumping the gun would be self-defeating in the extreme. Completely asinine. Not something management would do.
We want and need the best possible market level outcome when the squeezing begins. We want and need a higher base from which to launch. We want and need the big money to feel comfortable in their collective assessment of America's Cleaning Company. We want and need the July and August numbers available. We want and need the Outstanding stock count to be in line with overall intent. We want and need continued fundamental and operational advancement in general. So on.
We want and need to set the stage ideally.
Best possible pps outcome. The massive buy-side inclusive of short position covering. The legitimately positioned and the criminal.
Having to wait. Needing to wait.
It being only a matter of a few weeks. And in the mean time market level will climb. A return to a trading pattern in line with the prior dynamics. Volume and all.
A few weeks. And not exactly a big price to ask in exchange for million$.
America's Cleaning Company.
The shareholder respectful.
Gotta love it in the absolute!
Risk/reward nirvana.
And all the best to all.
Staying safe.
Thank you.
Fred…
Thank you and right back at you.
All the best.
Amabo...
Personally performed due diligence being always for the best.
And having said that...
Going back to June 11th, the company faced a 'short and distort' onslaught. Certain bloggers getting the ball rolling on the distortion front via self-serving 'analyses' of America's Cleaning Company. Analyses short on fact and long on fiction. The twisting of reality. The follow-up amounting to said distortion hitting the financial message board circuit in the form of…
"Big dump coming!!!"
"SEC investigation!!!"
"Total SCAM!!!"
"SELL, SELL, SELL!!!"
So on.
A successfully executed 'short and distort' onslaught. And both a blessing and a curse. A blessing in the form of attention drawn. The truth emerging. A curse in the form of managerial intent undermined. The NFE Conference (June 8th/9th). The introduction of America's Cleaning Company to an institutional level audience. An audience, very obviously, going to be closely monitoring the company's stock thereafter.
A tad embarrassing.
And there's no undoing the past. No escaping the plain and simple reality that we live in a world polluted in many more ways than one.
So be it.
Management firing on all cylinders. Forging ahead. Nonstop. The fiscal '09 numbers on the way. Audited as mandated. With market level having bottomed as of the 29th. The tide having finally turned.
The criminality seeing management more determined, than ever previously, to leave the BB and its ever-present mechanism/machinations behind.
And it would've been interesting to see just where the top would have been had the natural market forces of supply and demand been allowed to prevail ongoingly. The manipulation/fallout being a far cry from an actual period of consolidation.
And certainly, when the time does arrive to make the sought-after senior listing a reality, there'll be no complaints from the faithful longs. There being a lot of whining, bitching, moaning and complaining now -- and the involved need get a grip on reality -- but there'll be no such come the actual uplisting. As many of said faithful suddenly find themselves hosting a personal net worth in the million$. SPNG millionaire$.
And how many of same will be sending a missive, or two, in management's direction? Expressing a little fitting gratitude?
Everything in life being relative.
The 'black' Friday goings-on. The fallout. And nothing but a blip in the grand scheme of things. Big picture reality. And taking a look at the telling graphical…
http://moneycentral.msn.com/investor/charts/chartdl.aspx?PT=3&showchartbt=Redraw+chart&compsyms=&D4=1&DD=1&D5=2&DCS=2&MA0=0&MA1=0&CF=0&D7=&D6=&symbol=SPNG&nocookie=1&SZ=0
Noting all the white candlesticks. The time when the natural market forces of supply and demand did prevail. The time when the truth of America's Cleaning Company, and its management team, wasn't distorted. Reality wasn't twisted. The time when the day trading contingent wasn't in the picture to any material degree.
The black candlesticks representative of nothing more than the worst our beleaguered world has to offer. The twisting of reality.
The truth of America's Cleaning Company being there. Readily seen, for example, in the myriad valuable relationships having been entered into over time. Sales and distribution agreements with entities long established. A litany of household names familiar to adults and children alike. Global reality.
Saying all same has to/needs to.
Audited numbers on the way. Senior listing on the way. A shareholder base of millionaire$. Many such.
The fighting of the good fight to continue in the mean time. From the inside and right here on this board. Supportive of one's own investing/trading interest in the absence of justifiable reason to proceed otherwise.
Market level having bottomed. The 'short and distort' goings-on flamed out. No longer holding sway.
Daily average volume to pick up. Persistent buy-side pressure precipitating a return to the pre-manipulation trading dynamics. The wholly understandable. As management gets on with getting on. Bringing value. The seriously tangible variety. Achieving the longer-term goals. Projections and guidance targets.
America's Cleaning Company.
Money in the bank in the absolute.
Thank you.
John, et al.,
We shall indeed.
All of us holding tight for the dollar$ to come. A fitting value/valuation. The intrinsic variety.
And right out of the gate we had the major markets/exchanges collapsing...
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
With SPNG following, right along, but for an initial move up in line with yesterday's technical signaling, as talked about...
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
A few minutes lag time, but the overall sentiment kicking in. And no. We can't seem to catch a break. Not relative to the timing of the 'black' Friday goings-on. Not relative to 'black' Thursday. And not today. Would've been seriously green but for the collapse upstairs. Just can't catch a break.
But market level did recover. As befits the big picture sentiment. In line with what we earlier said i.e., a strong Close. With the overall volume picture understandable.
We hit bottom. Our having nailed it as of the 29th. Right on target. Those of us having entered/added accordingly able to relax. Self-satisfied smile and all.
And sure, There's a massive magnitude consolidation of the Outstanding stock in the offing. Right in line with a called-for change of company ticker symbol. Right in line with throwing money away on a massive open market buyback. Right in line with ongoing retirements/cancelations. All of it fitting like one of those proverbial gloves, hmm?
And it is amazing. Just how truly stupid some people can be. The IQ of a sponge indeed. Truly unbelievable.
And...
Pimp and dump!!!
SEC investigation!!!
Authorized/dilution!!!
Trading halt!!!
Reverse split!!!
The laughable rest of it.
And where the accuracy?
And now the litigation issue. The mindless attempts at drawing America's Cleaning Company into the fray. And will the grasping at straws never cease?
And…
'Mr. Metter, Mr. Lazauskas and Mr. Pisani are currently parties to an action brought against them and one other (the “Guarantors”) who personally guaranteed a loan from BC Media Funding Company II (“BC”) to BTR. On October 31, 2008, a judgment was entered in favor of BC and the Guarantors have filed a timely appeal.'
Mr. Metter, and others, having long ago personally guaranteed a certain and specific loan amount and having, since, been held accountable for same. Final legal judgment. And cleverly leveraging RM Enterprises in satisfaction of said judgment. Warrants and all.
With America's Cleaning Company having no direct involvement in any of it. None. Just the trademark lies and deceit routine of mindless gutter trash.
And who'd a thunk?
Our coming trading week, and beyond, holding tremendous promise on the material company events front...
'Next month, SpongeBob will be celebrating its 10th anniversary since debuting on Nickelodeon in the US back in July 1999.'
'"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!.'
And, yes, a tough break today courtesy of upstairs having collapsed. But not to worry, as the right overall sentiment is firmly in place. The longer-term reality. The bringing of value. The getting of the job done. Dollar$ in the absolute.
America's Cleaning Company.
A management team to be truly proud of.
And then some.
Gotta love it!
Thank you.
PM...
Thank you.
I'm pleased you find value.
Jeff...
Just bear in mind that when MM's are positioned short, there's a vested financial interest in precipitating the downside. Getting out those collars and leashes and taking folks for a little walk. The fleecing of the flock. And rarely failing. While positioning long leads to a little walking up.
Tom...
From a purely empirical perspective, private side detail inclusive, an 'entrenched' position in the area of 200m adds up. With our having said that, with regard to an actual number, we'll know when we know. But, certainly, a guesstimate of billions is a tad overblown. The company's trading history being there. One only needing to take a look at the numbers. Daily volume realities coupled with price movement. It not taking a rocket scientist to see the light.
Cro...
First and foremost we know not whether a particular MM is directly involved in the criminality or whether it's a case of indirect involvement. Acting simply as a conduit for the actual perpetrators. We can't say. Though the recent discussion centering around said perpetrators supposedly having contacted management, if factual, speaks volumes (no pun intended).
The current and recent trading pattern, in no way whatsoever, is supportive of ongoing massive abusive shorting. And any attempt at such, via the published clearing system, would fail (no pun intended) courtesy of SEC rules/regs. amendments. As for outside the published clearing system? Handling the settlement requirements via ex-clearing accounts? Nakedness resulting? And, again, would be financial suicide given managerial intent. Clearly stated intent. Would be industrial strength stupid given said intent coupled with the upside potential in general.
So we know that there's no getting naked going on currently or any time recently. The 'entrenched' position having been created pre-September 2008. Prior to the SEC finally sitting up and flying right. A position being cleverly hidden. With management on a mission to expose said nakedness. Doing a little squeezing. Achieving the needed senior listing in the process.
And when it comes to the NOBO list and the DTCC clearing detail? Well, we're talking a particular period in time. Any such reconciliation only able to expose a discrepancy (if) over a certain and specific range of trading days. A limited outcome. Useful, for example, in determining if getting naked is going on in the immediate.
As for a bomb of a PR or two?
There are two distinct considerations...
1_
Managerial intent to achieve the senior listing via fundamental and operational realities (ongoing growth/expansion) coupled with exposing and squeezing the 'entrenched' perpetrators. With it being, again, industrial strength stupid to so proceed prior to the stage being set in full. A need of the coming audited numbers seeing the light of day first. In order that the big money folks complete their due diligence. In order that folks at retail, additionally, convince themselves of the numbers reality. The undeniable. The stage being set in full. Such that the best possible market level outcome is achieved when the squeezing begins. The fundamental and operational realities available for all to see. Year-over-year advancement. The buy-side maximized. Covering and all.
Simple common sense.
"To da moon!!!"
2_
Despite managerial intent as outlined above, there could very realistically, come an overture from an interested party regarding a merger or acquisition in achieving the senior listing. Mutual benefit. Or, to the contrary, management unilaterally deciding that such an approach i.e., M&A is for the best in escaping the BB. ASAP. 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?"
We don't know how management will decide to proceed in the 'end'. But if M&A is it -- and we know that management is entirely open to such an overture -- and a PR on the subject hits the wires? Well. market level will rocket in anticipation of rapid achievement of the definitive.
While, with every new material company event PR hitting the wires, we're talking about the prospect of a buyout looming ever larger. A fitting offer being made. And, certainly, any such 'friendly' suitor would be privy to the latest audited numbers. Projections and guidance details additionally. Management, we know, being wisely open to such an overture.
An overture coming before America's Cleaning Company achieves a prohibitive value/valuation. Coming sooner than later. And what will July gross revenues numbers amount to? August? More record months? And what was said about the effect of synergies and of economies of scale? And a little something about gross margins?
None of it being rocket science. Just a little close attention to detail coupled with a little clear thinking.
Our having stepped, collectively, in something good. Something real good. America's Cleaning Company. As good as it ever gets at basement level.
Our coming session poised for significant green. A strong Close as talked about. In line with the very distinct possibility of a bomb of a PR, or two, arriving at any time/moment. Not to mention the continuation of the material otherwise. Management firing on all cylinders.
Not the best of times to be sitting on that proverbial fence. As talked about.
The bottom having been hit. The upside unlimited. As the perpetrators behind our 'entrenched' friend well realize. To their great chagrin.
Onward and upward indeed.
Thank you.
CM, et al.,
We called the bottom. And we knew that management would come on strong. Having talked about it. We called it right. The whole of it. That's why I substantially increased my position as earlier outlined. Seeing the light. But as also talked about, market level is now back in the hands of the day traders. The vast majority of whom rely on technical signals in order to maximally profit from short-term volatility.
And on the 29th I submitted a post that included two links. The first of such pointing out the graphical of the referenced session i.e., intrasession trend reversal. A dip to mid-session followed by recovery. A 'V' formation. The second of such pointing out the graphical relative to money flow circumstance i.e., more money flowing in than out.
And?
Well, again, we have the fact of day traders and technical signals. And then a need of factoring in the reality of MM's working always on the basis of order flow.
And a note…
The dominant MM is known as the 'hammer'. (There can be more than one active at a time.) Playing the hammer role. The MM('s) most active in terms of overall volume. In terms of repositioning in the Bid and Ask stacks. So on. With larger MM's, such as NITE, often channeling orders for smaller broker-dealers. And, so, NITE and similar large others see the order flow circumstance more clearly than do the smaller fish. Playing, therefore, more often the hammer role. Being positioned to do so.
And, so, okay...
We have the 'V' formation of the 29th. The end result being the EOD technical signaling strength. That the session of the 30th was poised to see upside continuance. And, indeed, just what did transpire. And right out of the gate. Strong volume and all. But mid-session there came weakness. The end result being an upside-down 'V' formation by the Close. A cone shape. The exact opposite of the 29th. The EOD technical signaling weakness for the coming session. And today we saw just that. Reduced volume and all.
A need of bearing in mind the two primary points. The fact of day traders and technical signals. The fact of MM's working always on the basis of order flow. The day traders reacting to technical signals with MM's reacting to that which they see i.e., order flow circumstance. Intent to add/enter vs. intent to exit. Preponderance one way or the other. Positioning long or short accordingly. And thus the volatility. Two primary factors plus all else. From nervous longs exiting to other longs seeing adding opportunities to new money coming in to the fundamental i.e., PR's hitting the wires. Material company events. And more.
And earlier we had the run-up to $0.2851. Courtesy of having escaped the clutches of the day traders. Order flow circumstance (continuous adding/entering) such that the company's registered MM's steadily played the long side. All the way to the 'top'. Things 'collapsing' thereafter.
We need, once again, to escape the clutches of the day traders. A return to the pre-manipulation dynamics. A need of understanding that it isn't about fundamentals for day traders. It's about the technical. The short-term signals. Buying into strength. Selling into weakness. The company's registered MM's adding to the volatility courtesy of positioning long vs. short accordingly. Maximally profiting. The always reality. Plus all else as outlined.
And, so, there you have it.
No worries.
Our having called the bottom. With today's EOD technical signaling green for our coming session. Poised to close strong in line with the very strong possibility of a bomb of a PR, or two, hitting the wires at any time/moment.
Management, extremely obviously, firing on all cylinders. Coming on strong. Determined to get back to the pre-manipulation dynamics. PR parade. The strengthening. A permanent end to being grossly undervalued. Eventually bidding a welcome goodbye to the BB and its mechanisms/machinations. Leveraging our 'entrenched' friend to the fullest. But when the time is right. Not until the pending audited numbers go primetime. A need of cementing the fundamental and operational realities of America's Cleaning Company in the best way possible. All those ducks in a row. That which the big money is waiting for. Completion of the called for due diligence. The August/September timeframe poised for some truly serious market level fireworks. Fun and profit.
With, very much, the advent of a bomb of a PR, or two, hitting the wires at any time/moment being genuine. Being realistic. Fitting the overall picture ideally.
Sitting on that proverbial fence, at this juncture, amounting to a none too smart approach. The bottom having been hit. The massive upside poised to emerge at any time/moment. Management firing on all cylinders.
With said bottom representing, in the absolute, a total joke in company true value terms. The blindingly obvious. And we were on our way. Big time. Until the lies, the deceit, the mechanisms/machinations did come to the fore.
And the fighting of the good fight will continue. From the inside and courtesy of the faithful longs. Getting the job done. The strong likelihood of a bomb of a PR, or two, hitting the wires at any time/moment ever-strengthening. Every new material company event PR that hits the wires drawing ever-closer scrutiny from all corners. The prospect of a buyout offer. That which equates to the market level spark/catalyst of the century.
Continued buy-side pressure will eventually see us, once again, out of the clutches of the day traders. Bringing the company's registered MM's in line once again. The manipulation/fallout seeing management all that more determined to achieve the senior listing while at the same time sticking it to the perpetrators behind our 'entrenched' friend.
The fundamental/operational picture ever-strengthening as more and more sales and distribution channels are sourced and successfully advantaged. A management team to be truly proud of. Getting the job done in the absolute. Steadfastly maneuvering toward achieving the annual gross revenues target of $500m plus. Revenues of worth as opposed to the empty variety. Extremely strong positive cash flows. Exceptional net earnings. The to-smile-about rest of it.
Continuing to fight the good fight. A permanent end to being grossly undervalued. Escaping, once again, the clutches of the day traders. Continued buy-side pressure getting the job done.
Onward and upward.
Doc...
For me, it's about the empirical. That which simply fits. And we've talked about it in full. The fact of no phantom shares being created ongoingly, as any such doesn't fit the trading dynamics picture and would, very much, be financial suicide given the big picture. Managerial intent in full. Not to mention the current published clearing system realities. Discussed, again, at length.
Some information came my way. As earlier mentioned. On the private side. The irrefutable. But not a full reconciling. Only that which pointed to an 'entrenched' count in the 200m area. The rest of the picture amounting to the unsubstantiated. A need of verification. And as for truly massive abuse? The chatter about possible 'entrenched' billions? Well, let's just say that I've got a bridge for sale. Going real cheap.
And there I'll leave it.
As for Madoff?
And sure. He could hardly have 'successfully' orchestrated what he did in the absence of a clandestine approach. The blindingly obvious. With the years behind bars outcome coming as small consolation to his myriad victims. Life savings lost. Lives turned upside-down. Enough to draw a tear from even the most steadfast of observers.
The whole of it amounting to the unbelievable. The unspeakable evil that some people are capable of. As destructive a level of hubris and greed as anyone could ever imagine. Truly headshaking.
Take care.
Ozz,
That's why I opened my reply with…
"Over time, management has applied… ."
The referenced passage I initially presented in an earlier post. Making additional reference to the fact that it was from a PR of the September 2008 timeframe.
The Outstanding count relative to RM Enterprises fluctuating over time.
Hope this helps.
Ozz,
Over time, management has applied their own money in advancing SPNG's business plan.
Cash loans from RM Enterprises.
Equity issuances in return. As collateral. Security.
Said issuances coming complete with restrictive legend attached. SEC Rule 144.
Cannot be legally liquidated courtesy of the attached restriction. Will not be liquidated even after the attached restriction is lifted (if) courtesy of intent to buyback and retire/cancel.
In line with the squeeze play intent.
Gunning for the bad guys/gals.
Thank you.
Julia...
Something "really big" indeed.
PM…
Thank you.
All the best.
Z4…
You're welcome.
And thanks.
And I don't know if you recall, or not, but some months back there was some interesting board chatter about the 'entrenched' position. Chatter regarding the parties behind said position supposedly having been in contact with management. Telling same (management) that the abuse would be curtailed if management would simply came across with a 'ransom' in the form of sufficient equity to cover the open position in full. And equity, of course, at a massive discount to market level.
And it is possible that such an overture was made. And would go a long way in explaining why management is so set on exposing the miscreants. Reducing the Outstanding count as they are. Preparing to stick it to the perpetrators in a very big way.
Management did, after all, come forward in a very straightforward manner. Letting shareholders know. And, thereafter, being very possibly contacted by the involved parties. And again...
'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.'
Could be that in the mounting squeeze play there's a little something 'personal'. For, if indeed, the referenced chatter represents actual fact? Well, the perpetrators have, certainly, no end of gall.
Going to be fun.
Not to mention profitable.
Gunning for the bad guys/gals.
With the balance of our trading week to see welcome green.
Cooler heads prevailing.
Management coming on strong.
Jeff,
Yes. My having increased my original position by 40% over the past two sessions. An average cost basis, for the newly added, of $0.1151. Good on me. The calling of the bottom being none too difficult. The reality of America's Cleaning Company being there for all to see. The Reuters nod and all.
We said that we'd turned the corner. That cooler heads would prevail. Green and more green. That management would come on understandably strong. Our having discussed the associated reasoning. From the imminent squeeze play to the urgency of a senior listing. Moving market level being imperative. Reestablishing the pre-manipulation trading dynamics. Overcoming the criminality. The fallout. And done at this point. The tide turned. Just a matter of, once again, escaping the clutches of the day traders. With what remains of the short positioning being forced to cover. Adding to the upside momentum.
And it's more than good to have prevailed. Having stood fast in the face of an onslaught of lies and deceit and coming out the collective winner. And good on all the faithful longs. Having set the record straight. Understandably supporting one's own investing/trading interest in the absence of undeniable reason to do otherwise.
With the reality being that, irrespective of this forum, the future of America's Cleaning Company is graven in stone. There being not so much as a single poster empowered to alter that reality. Company management being on a mission. Firing on all cylinders. Getting the job done. And come the pending audited numbers there's going to be no shortage of top-tier ratings services offering up a worthwhile assessment of America's Cleaning Company. An assessment no less astute than that of Reuters Company Research.
Rating of Outperform.
Saying all same has to/needs to.
Buy and hold.
Fred...
The 'entrenched' phantom shares position was created last year. And this year, come the fundamental and operational realities of America's Cleaning Company, we witnessed that which fit. A climb to a High of $0.2851. In line with the natural market forces of supply and demand. The recent criminality serving to introduce into the equation that which called for being aggressively countered. And job done. And earlier we said...
"After all, were there massive amounts of phantom shares being generated ongoingly, the upside would be minimal. Not a rocket to a high of $0.2851."
And indeed.
Common sense.
And sure. There are, as stated, those individuals seeking always to game the system and worse. Taking, for example, the recent criminality right here. No argument. It simply being the case that miscreant behaviors get blown out of proportion by excitable folks. And there I'll leave it.
As for leaving the BB behind?
And, indeed, our 'entrenched' friend will be providing much of the associated impetus. It simply being unknown at this point just how management intends to proceed. But proceed they will. Once the pending audited numbers go primetime. It being not smart to proceed prior to such. Having to wait for August.
And in the mean time?
And, exactly, as talked about. Exactly as evinced. Management coming on strong. Motivated to move market level in a serious way. Green and more green. Setting the stage for the coming squeeze play. Overcoming being grossly undervalued. Readying for the move upstairs. So on.
The pending numbers holding no end of promise. From the understandable attention of worthwhile analysts to a buyout overture and a whole host additional. The coming numbers representing a major advancement juncture.
And, very possibly, we play welcome witness to a buyout overture prior to the arrival of August. Or a bomb of a PR telling of managerial intent to pursue things on the M&A front. A fitting overture having been made by an interested party/parties. Our well knowing that management is entirely open to any worthwhile proposal regarding achieving the needed senior listing. And America's Cleaning Company is garnering no end of attention at all levels. The fact of the obvious resistance to the global economic downturn. Golden. Prime takeover target.
And sure. The OTC is what it is. Hosting the companies it does. Hundreds upon hundreds of startups going nowhere. Multiyear histories. Massive loss carryovers. The ugly rest of it. But every now and then a diamond does emerge. That one in fifty startup that does succeed long-term. And America's Cleaning Company, more than any other OTC prospect that I, for one, know of, is that one.
Risk/reward no-brainer.
Green and more green.
Escaping, once again, the clutches of the day traders.
Management coming on strong. Getting the job done. Back to the pre-manipulation trading dynamics.
Onward and upward.
PM…
Not a chance. Would be financial suicide. Not to mention that any such doesn't fit the overall trading picture (see above), etc. Discussed at length.
And as requested (Block Trades)…
(June 30)
[ Price / Vol / Exc / Time ]
0.1258 286300 (U)16.20.51 T
0.1221 19000 (U)16.02.17 T
0.1221 1200 (U)16.02.10 T
0.1220 9000 (U)16.00.52 T
0.1221 10000 (U)16.00.40 T
0.1221 10000 (U)16.00.28 T
0.1221 9500 (U)16.00.25 T
Note…
And, yes, the 286k block priced at a premium.
(June 29)
0.1101 2134497 (U)16.26.38 T
0.1139 5000 (U)16.01.43 T
0.1139 3430 (U)16.00.33 T
(June 26)
0.1246 12500 (U)16.01.16 T
0.1250 8000 (U)16.00.19 T
0.1246 10000 (U)16.00.16 T
(June 25)
0.1295 10000 (U)16.00.57 T
(June 24)
0.1465 10000 (U)16.00.38 T
0.1464 5000 (U)16.00.03 T
(June 23)
0.1470 2000 (U)16.00.30 T
Just a matter of late prints is all. Nothing nefarious. While supposed MM 'signaling' is nothing more than laughable nonsense.
You're welcome and thank you.
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.
Wes…
It is amazing.
Truly amazing.
And if America's Cleaning Company did need a stamp of approval? Well, the Reuters rating of Outperform is it. Speaking to that which we've made mention of a number of times i.e., the obvious resistance to the global economic downturn. The fact of America's Cleaning Company thriving in a difficult environment.
And harking back to the original run-up, pre-manipulation, we have the reality of the situation. And those folks talking about a period of consolidation couldn't be more clueless. There was no opportunity for any such to emerge. The only emergence was that of manipulation and the fallout from same. And one of the biggest factors in the overall 'collapse' has been the gullible, among us, sadly buying into the lies and deceit.
A need of cooler heads prevailing. And, thankfully, management came through as talked about. With cooler heads indeed prevailing thereafter. The balance of our trading week poised to see deserved green. Market level having hit bottom at this point. The lies and deceit flamed out. No longer holding sway.
And those folks being of the general mindset that the recent manipulation and fallout hasn't strengthened management's resolve to leave the BB behind are in need of giving their collective head a shake. Management being more resolved than ever previously.
Distilled down to its most basic the whole of it couldn't be simpler. As easy a read as one could ask for. Reuters representatives having attended the NFE Conference. Performing the called for due diligence and coming up with a well-considered assessment of America's Cleaning Company. A rating of Outperform.
With the fiscal '09 numbers on the way. When things will seriously heat up. No shortage of eyes being opened to the longer-term realities.
Buy and hold.
And I know I'll be part of it.
Holding understandably tight.
Z4…
The creation of phantom shares is a thing of the past. Dating back to last year. Prior to the SEC finally grabbing a brain. Biting and not just barking. Finally.
Any party/parties hoping to create phantom shares via the published clearing system will fail for obvious reasons. Any party/parties creating phantom shares outside the published clearing system would be committing financial suicide at this point. The company's registered MM's being well aware of the realities. Well aware of the fundamental strength of the company. Well aware of the marketing achievements. Well aware of the Reuters nod. Well aware of the NASDAQ intent. Well aware of managerial intent to squeeze the pre-existing phantom shares position.
There is no longer any creation of phantom shares. None. Any/all shorting activity being of the legitimate variety. Albeit underlain by manipulation.
And those folks railing on about purported massive abuses, relative to ex-clearing accounts, are kidding themselves. No less a case of the overblown than is manic railing on about massive abuses committed unendingly by company insiders at basement level.
The truth being that, while there are definitely those individuals deliberately perpetrating self-serving activities, the vast majority of OTC startups are run by those making a legitimate, earnest attempt to bring value. To do right by shareholders. With such being a very tough row to hoe. Very few such startups achieving long-term success. One in fifty at best. And the SEC has stepped up to the plate. Precluding, for example, abusive behaviors relative to Form S-8 registrations. And much else. Tightening rules/regs.
And as for (T) trades?
Quite a bit of such activity of late. Session-over-session. And I can provide the trading stats. if you wish.
America's Cleaning Company is coming on strong. And the miscreants are going to get in the neck. Poetic justice situation. The faithful longs laughing all the way to that proverbial bank.
Green and more green from here on out.
Cooler heads indeed prevailing.
Army, et al.,
On the 24th we read…
“We are excited to report what appears to be a record month for the Company so far… ."
And today…
“We are excited to report a record month!!'
'SpongeTech® Delivery Systems, Inc. America’s Cleaning Company™ … is pleased to announced that the Company has booked approximately $18 million in new orders for the entire month of June. This is SpongeTech®’s highest recorded monthly booked orders in the Company’s history.'
And…
'We are experiencing an incredible response to all of our products and we continue to increase our national retail footprint daily. We anticipate additional new products to come on line and we strongly believe that our sales growth will continue at this pace.”
[ we strongly believe that our sales growth will continue at this pace ]
And yesterday, in conversation, we said…
"Valuable relationships established. Sales channels. Distribution channels. The rest of it. On multiple levels the value of America's Cleaning Company continuously climbs."
And…
"What SPNG management has accomplished, in a stunningly short timeframe in relative terms, is truly staggering. Worthy of admiration. With, seemingly, no end in sight. The rapid growth/expansion. The effect of synergies and economies of scale. Already a rating of Outperform from Reuters Company Research."
[ With, seemingly, no end in sight. ]
Rating of Outperform.
And small wonder. Saying all same has to/needs to.
And, sure, the extant short positions are going to be supported. But supported courtesy of the wanton spreading of misinformation/disinformation. Manipulation. And the day traders will do their always thing. With today's formal word speaking, precisely, to what we additionally said…
"And absolutely. Management steadfastly motivated to move market level in line with achieving the senior listing. In line with providing miscreants a taste of their own medicine. In line with a reflection of company true value circumstance. So on. Wholly motivated. Wholly unhappy about the manipulation. The fallout."
And the understandable impact of today's formal word in graphical form...
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
Intrasession trend reversal. Cooler heads prevailing.
And the money flow…
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=2&dy=0&id=p75523634414
Wholly understandable. Cooler heads prevailing.
The primary point being the big picture reality. That Reuters hasn't rated America's Cleaning Company in the top 30%, of the companies that Reuters covers, in the absence of good reason. Today's formal word speaking to that reason. In stentorian voice.
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.
Failure to remain resistant to manipulative behaviors will see a whole host of folks seriously kicking themselves in due course. It being nothing (ahem) short of amazing how a few pennies/fractions of a penny can have so many tearing manically at their hair. When the reality, in the absolute, is dollar$. A truly massive ROI. Failure to see the big picture. And a big world it is. Taking all kinds. And so be it.
Buy and hold.
Couldn't be simpler.
And if the short-term volatility is more than a body can handle? Well, then, look the other way.
The overriding message of today's formal word being precisely that which will precipitate buyout interest. The growth/expansion rate. And not just gross revenues, as any damn fool of a CEO can deliver massive period gross revenues. But empty such. Empty revenues. Negative cash flows. Net loss. The ugly rest of it. America's Cleaning Company being about positive cash flows. About net earnings. The to-smile-about rest of it. And not just squeaking by. Cash cow.
The Reuters rating of Outperform having opened a lot of eyes. The prospect of a buyout looming ever larger as the company's products continue to hit store shelves. Continue to be snatched up.
It being truly amazing to see so many folks so concerned about a few pennies/fractions of a penny when the ROI truth looms so large. As management, ever so expertly, steers the ship in line with rapidly achieving the targeted annual gross revenues of $500m plus. Giving P&G a run for its money.
And, sure, the fundamental and technical tell us that our current trading week will see green. But a drop in a bucket compared to that to come.
A bomb of a PR. Or two.
Rocket science it ain't.
Holding tight.
Lexion,
Thanks.
And…
"Penny, do you need me to reword my question?"
lol
And yes. Always looking forward to upcoming trading sessions. In SPNG the bunch of us, most assuredly, stepped in something good. As good as it ever gets at basement level. Management having put their own money on the line for extremely good reason. Knowing well what it is they do. Seizing a golden opportunity. Capitalizing. Leveraging. And making truly huge inroads. Valuable relationships established. Sales channels. Distribution channels. The rest of it. On multiple levels the value of America's Cleaning Company continuously climbs.
And the average OTC outfit?
And either a case of a multiyear struggle to establish operations or operations established but being far from viable. Empty revenues. The OTC typical. And where the value in, say, $10m in period gross revenues relative to $12m in expenses in generating same?
What SPNG management has accomplished, in a stunningly short timeframe in relative terms, is truly staggering. Worthy of admiration. With, seemingly, no end in sight. The rapid growth/expansion. The effect of synergies and economies of scale. Already a rating of Outperform from Reuters Company Research.
And come the pending audited numbers?
And a whole new ballgame. Due diligence completion. The big money attentive in ways to truly smile about.
Holding tight.
And thanks again.
Jason...
And what?
The IQ of a sponge?
Some of the characters posting to this board are truly a hoot and a half. Gotta laugh.
And absolutely. Management steadfastly motivated to move market level in line with achieving the senior listing. In line with providing miscreants a taste of their own medicine. In line with a reflection of company true value circumstance. So on. Wholly motivated. Wholly unhappy about the manipulation. The fallout.
And the prospect of a buyout? And absolutely yet again. Not to be discounted even slightly.
Likely in the extreme.
Not to mention just what management is shooting for.
The best kind of leverage.
A little indeed 'creative' thinking.
And gotta love it.
Green and more green.
Thank you.
Bill,
It coming as a natural consequence of self-preservation instincts to routinely support one's own investing/trading interest. In the absence of undeniable reason to do otherwise. Common sense. In the face of self-serving manipulative behaviors the faithful longs have stood fast. Doing damage control. Self-preservation.
And first it was 'pump & dump' and then 'SEC investigation' and then 'Authorized/dilution' and now a purported 'trading halt'.
And where the accuracy?
The faithful longs will understandably continue fighting the good fight. Setting the record straight. Doing damage control.
Together, we win.
IHM...
The creation of phantom shares is no more. Not happening. In line with the earlier talked about realities. As for the Authorized? Been covered (no pun intended). A 'room to maneuver' situation. Facilitating the possible advent of any number of corporate purposes. Been talked about at length. Intent to increase shareholder value. Not decrease such. All being well.
Management having their own money on the line. Coupled with a steadfast determination to build a very real company. An empire in the making. Being not about to proceed in ways that undermines all. None of it being a difficult read.
America's Cleaning Company is a cash cow. The central point. Gross margins expected to significantly increase in line with continued gross revenues accretion. Synergies. Economies of scale. Self-sustaining operations. The mass appeal reality surrounding the company's products. The reality of the fiscal '10 marketing budget. None of it being a difficult read.
Buy and hold.
The advent of a bomb of a PR, at any time/moment, being very real. Just the mere mention of M&A intent relative to attaining the senior listing. A top-tier 'competitor' showing interest. Etc.
Our being well aware of the success of the NFE Conference presentation. The fact of the Reuters coverage. A rating of... Outperform.
And again…
'As used in this report, "Outperform" designates the companies that rank in the top 30% of companies covered by Reuters, "Neutral" designates the middle 40%, and the bottom 30% are designated "Underperform".'
All to the good. And excellent, in fact.
The big money having taken understandable notice. Mission accomplished. The fiscal '09 numbers on the way. None of it being a difficult read.
The short-term market level trend to understandably reverse as management and the faithful longs continue to set the record straight. And to seriously reverse come a bomb of a PR. Or two.
Holding tight.
CM…
Nothing earthshaking is going to come from company IR. Just the trademark "Rah! Rah!" routine. Taking the pressure off management being what it's all about. And a good thing. As said management is prohibited from divulging material company event(s) info./detail on an individual shareholder basis. Management needing to focus in line with company business plan and model. Continuing the lucrative implementation.
And as for where market level would currently be? Absence the manipulation?
Well, when we hit our High of $0.2851 on 'black' Friday, the buying pressure was intense. As previously. Thursday having closed at $0.2350. Friday opening at $0.2446. And then the you-know-what hit the fan.
We can't say where the 'top' would have been had the natural market forces of supply and demand continued to prevail. But, for sure and for certain, the buy-side was persistent. And the underlying reasoning is still very much in place. As outlined herein and earlier. Management being hard at work bringing value. And using much of their own money in doing so.
Management, not even slightly, about to proceed in self-defeating ways.
Rocket science it ain't.
And sure. And here it is again…
'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.'
[ in negotiation with two banking institutions that could potentially provide us with accounts receivable financing, if and when needed ]
And the company just might, eventually, be drawing down from a top-tier lender. Depending upon operational circumstance. With a need of understanding that any company's capital requirements are generally very significant during a phase of rapid growth/expansion. As opposed to no such phase being in evidence.
All being indeed well. And then some. Things humming along ever so nicely. Getting the job done. The bringing of value. No argument. Continuing the branding push. Where the value, again, lies. Household name. And golden at the point of familiarity to one and all. And mention 'Microsoft' in casual conversation? And who/whom isn't familiar? Global reality. And achieve a similar degree of familiarity relative to...
America's Cleaning Company
SpongeTech
SPNG
Total no-brainer.
Money in the bank.
The fiscal '10 marketing budget ramped up to the $20m area.
None of it being rocket science.
Holding tight.
Rsq,
From the beginning, we're talking about a company incorporated as Romantic Scents, Inc. Which changed its name to RSI Enterprises, Inc. Which changed its name to Spongetech International Ltd. A SPAC (Special Purpose Acquisition Company) was then formed. A company named Nexgen Acquisitions VIII, Inc. with RM Enterprises International, Inc. receiving 12m shares of said company. Thereby becoming the majority stockholder. Spongetech International Ltd. then acquired Nexgen Acquisitions VIII, Inc. via a reverse merger. The resulting public company then changed its name to Spongetech Delivery Systems, Inc. With RM Enterprises, thereafter, retaining approximately 63% ownership in terms of the Outstanding common stock of SPNG. Majority shareholder status.
The whole idea being about RM Enterprises (Mr. Moskowitz) joining forces with a promotion powerhouse (Mr. Metter) and building a successful public company based on products utilizing, via a licensing agreement, a certain patented technology. Products holding tremendous mass appeal promise in the consumer goods and services sector. And, so far, so good. No argument. Onward and upward.
And as for RM Enterprises as a temporary source of operating and growth/expansion capital?
And very simple...
The situation, at its most basic, being viewable as a series of private placements. Mr. Metter having, some time back, made it abundantly clear that, in launching the new operational focus on product development, the successful securing of a bank loan, on favorable terms, was a no-go. Company fundamentals just weren't there. And so RM Enterprises, SPNG management themselves, has since been funding the company's business plan. And kudos. Risking their own capital in bringing value to all involved. And with risk in mind we have the fact of the 40% discount issue. A 40% discount to market level at the relevant times of issuance.
The issuances to RM Enterprises amounting to collateral. Loan collateral. The involved issuances being complete with a restrictive legend attached. And issued at the stated 40% discount in light of risk. That market level could see a significant, and sustained, downturn post-issuance. Business being business, after all. Risk/reward. Our knowing about the buyback agreement but anything could happen. So, proceeding in terms of risk at all times. Management is, again, putting their own money on the line. And how many of the company's shareholders actually appreciate that reality? Seeing things clearly? Kudos indeed.
In SPNG we have first rate management. Steadfastly determined to give P&G an eventual run for its money. And, so far, so good. No argument.
With our having talked about RM Enterprises fading, eventually, from the picture.
And with that said we have…
(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.'
It being as talked about. About self-sustaining operations. Sufficient cash flows from ongoing operations to dismiss all obligations. Operational nirvana. Debt free. Management hoping to avoid any encumbrances. Organic operations. Organic growth/expansion. And getting there with each passing day. Synergies. Economies of scale. Significant period-over-period advancement. Kudos absolutely.
These boards providing a valuable service. No argument. But with a need of having performed the necessary DD. Being armed with actual fact as much as possible.
CM...
Yes.
Precisely as outlined. And a good example relates to a certain TV commercial having aired a while back. And how did management proceed? Well, they proceeded as talked about. Equity application. A little over 40m shares of stock being placed in an escrow account as collateral. The referenced commercial not being produced in the absence of cost. Stock that was eventually returned to the company. The associated debt settled on a cash basis. There being simply no way to take a startup/development stage company to fully operating status in the absence of applying equity.
And with that said we have...
'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.'
As equity is ongoingly applied, as earlier talked about, it becomes necessary to see to it that a 'room to maneuver' situation always exists. And no. The equity underlying the talked about agreements isn't issued. Would be issued only under circumstances of a default relative to payment obligations. The ongoing increases to the Authorized being about increasing shareholder value. Not decreasing said value. All being well.
While on the multinational question it's, again, very simple. A matter, again, of DD. Why, that is, the name of the 'new major retailer in Canada' wasn't mentioned in the PR you reference. Mr. Metter having outlined the associated reasoning several times previously...
'The purchase contacts between these retailers and SpongeTech(R) prohibits us from mentioning their names until the products are in place on the store shelves.'
And lastly...
Approximately $10m was spent on marketing during the first nine months of fiscal '09. With fiscal '09 gross revenues projected to well exceed $50m. And, together, representing the undeniable i.e., an exemplary return on investment. And, so, small wonder why the fiscal '10 ramping up to the $20m area. Situation speaking for itself. Gross margin expectations and all.
In following the SPNG bouncing ball, we have the undeniable fact that management rightly focuses, at all times, on minimizing overhead while pursuing every available option relative to establishing new sales and distribution channels. Global consideration. With every marketing effort leading to ever-greater company visibility. All to the good.
Carol, et al….
Okay.
We'll take a closer look.
And going back to September of last year we have...
(Mr. Metter)
'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 an SEC press release addressing that which Mr. Metter is referencing...
http://www.sec.gov/news/press/2008/2008-204.htm
The referenced passage [ bracketed ] telling us that Mr. Metter was confident that the referenced SEC rules/regs. amendments would halt any continued creation of phantom shares. And, earlier, I posted a comment speaking to an open market buyback program being a less than astute move under circumstances of routine massive creation of phantom shares.
And we'll continue the discussion below, but first...
(Mr. Metter from September 2008)
'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.'
And, again, we're talking September 2008. A time when the overall market level dynamics were a lot different than has been the case more recently. Our having already discussed the subtleties. The natural market forces of supply and demand. After all, were there massive amounts of phantom shares being generated ongoingly, the upside would be minimal. Not a rocket to a high of $0.2851.
And, so, okay.
In conclusion...
There's been, understandably, no creation of phantom shares of late. In line with overall trading dynamics. In line with SEC rules/regs. amendments. And supported by Mr. Metter (see above).
But earlier? Pre-September 2008?
My personal perspective having changed at this point. In line with new information having recently come my way regarding the company's shareholder base. That while the current reality is as outlined i.e., all is well, there is very likely an 'entrenched' phantom shares position having been created pre-September 2008. And despite the SEC rules/regs. amendments, and the grandfather provision having been eliminated, there is collusion among involved parties to keep said position hidden.
And as for the extent of the miscreancy?
Not likely exceeding 200m 'shares'. In line with overall trading dynamics reflecting natural market forces. Any/all shorting of late having been of the legitimate variety. Albeit underlain by manipulation. As for the exact numbers? We shall see. As for the MOASS? Management is maneuvering accordingly. Continuing to tighten the Outstanding count. Poised to expose to the DTCC and the SEC the phantom position realities. Forcing covering via a number of potential means involving certificates, CUSIP number, cash dividend, etc.
And as for where we are? The good ol' BB?
Well, don't be misled. Follow the bouncing ball...
(Mr. Metter on the subject of the ongoing buybacks.)
'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.'
(Mr. Moskowitz)
'The management is committed and prepared to support any and all permissible actions to maintain the fundamental value of our common stock.'
Management is, very much, concerned about value/valuation. Very much unhappy about the recent manipulation. The fallout. Steadfastly determined to precipitate a rapid return to the pre-manipulation trading dynamics. Our recent PR's reflective of that determination. Don't be misled. In order to fully leverage the phantom shares position, it's necessary for market level to, at the very least, ongoingly reflect in line with company true value circumstance. And, so, expect management to continue in that vein. Overcoming the manipulation. The fallout. The PR parade to very much continue. And strengthen. The setting of the record straight. Onward and upward.
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?
We wait. We find out. Just how management proceeds/intends to proceed.
And thank you.
Fred...
Good thoughts.
And...
'America's Cleaning Company(TM) to Begin Nationwide Sales of SpongeBob SquarePants, Dora the Explorer, and Go, Diego Go! Children's Bathing and Sunscreen Sponges. Celebrating SpongeBob SquarePants' Tenth Anniversary, This Will be the First Time the Pop Culture Phenomenon Appears as a Soap-Infused Sponge.'
SpongeBob will be... "HUGE!!!"
A little something I've seen presented in a number of recent posts. Courtesy of folks having been party to kids' reactions.
And, indeed, we have the audited numbers on the way. Fiscal '09 reality. That which will facilitate, in line with share structure detail, arriving at a fitting valuation. And then on to projections and guidance detail. Forward periods' realities. Company true value circumstance. Current value and future value taken together. The senior listing. The effect of applicable multiples. An initial earnings multiple of at least 19x.
The coming numbers, in the absence of all doubt, will see a host of top-tier ratings services covering America's Cleaning Company. Worthwhile analytical coverage. As opposed to that of self-serving bloggers bent on twisting the truth in order to fill their own pockets at the expense of the innocent.
While the prospect of a buyout looms ever larger. The coming opportunity to analyze America's Cleaning Company on a year-over-year basis. The advancement. Fiscal '08. Fiscal '09. The periods following management's decision to change operational focus to product development. The bottom line result of same.
The prospect of a buyout looming ever larger. A suitor(s) making the overture before a prohibitive value/valuation circumstance is in evidence. Sooner than later.
Management receives a fitting buyout offer? And market level will soar!
The reality being that an investment in America's Cleaning Company is a no-brainer. And, particularly, at the current cost of admission. There being no shortage of potential events poised to yield a truly massive ROI. Near-term reality.
Total risk/reward no-brainer.
Nowhere to go but up.
Next trading week on the way.
Holding understandably tight.
Jason, et al.,
Yes.
And here it is from Bill Young at company IR…
"The company is working on many projects to grow the company and we will update the shareholder when we can. We know people run to other sites and pull down information, but the company has to wait till the deals are done and the information is correct to inform you"
[ but the company has to wait till the deals are done and the information is correct to inform you ]
And what Bill is referring to is the fact that it's the purview of the company's SoS (Secretary of State) to assure that documents submitted for filing purposes are accurate.
And…
[ The company is working on many projects to grow the company ]
As talked about. There has to be room to maneuver. The Authorized needing to be increased in line with the equity underlying the agreements entered into over time. And a fitting example from the company's filings...
'The agreement also contains other standard default provisions.'
Default provisions in all applicable directions. As any party/parties, to any of the referenced agreements, could eventually be faced with a condition of failure to meet an associated obligation/obligations.
The bottom line being that all is well. Standard operating procedure. The typical.
And as for the FUD-monger crowd?
And out of ammunition at this point. And entirely laid to rest come the pending audited numbers. Try as they might, they'll never win to a greater degree than is currently the case. Having had their day. Nowhere to go but up from here on out.
While on the phantom shares question we have again...
(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.'
And a comment that certain excitable folks among us took and ran with. Complete with the incessant self-serving presentments of a certain D. Furth.
And again...
'My firm Lebed Biz LLC was compensated by a third-party (Doug Furth) 1,250,000 free-trading shares of SPNG for a one-month investor relations contract which has since expired.'
And a tough call? Some folks just never learn.
And so be it.
With management wholly focused on building a very real company. An empire in the making. Getting the job done. Achieving a senior listing. Taking the company to a fitting venue. Proper valuation and all. And from the point at which management made it abundantly clear that product development was the new operational focus, truly remarkable advancement has been in evidence. And with product development in mind we have...
'Our new product development program consists principally of devising or testing new products, improving the efficiency of existing ones, evaluating the environmental compatibility of products and market testing. We estimate that our management devotes approximately 2,000 hours to developing a product, its packaging and its marketing campaign. We have never paid nor do we expect to ever have to pay cash compensation for any product development activities beyond the costs [of] research, development and/or testing of such products.'
While...
'In July 2008, we incorporated 6 wholly-owned subsidiaries in the state of Nevada. They are:
Spongetech Kitchen & Bath, Inc.
Spongetech Health & Beauty, Inc.
Spongetech Auto, Inc.
Spongetech Medical, Inc.
Spongetech Pets, Inc.
America’s Cleaning Company
We plan to expand our product lines and to engage in our proposed different lines of business through our wholly-owned subsidiaries and to hold all intellectual property in our America’s Cleaning Company subsidiary. This will allow us to better monitor costs as well as product growth and profits.'
A corporate structure as a Parent and Subsidiaries both direct and indirect. A holding company. And lending itself ideally to a little 'creative' thinking relative to achieving the needed senior listing.
And...
'The Company has submitted trademark applications for ten trademarks to protect its businesses. Trademarks have been registered for:
"Spongetech®” - USA
"Spongetech®” - EU
"Wash & Wax Built In®"
"Puddle Pals® with illustration"
"Puddle Pals™"
"Eliminator™"
"America’s Cleaning Company™"
"Uncle Norman’s™"
"Gold Bar Tub & Tile Cleaning System™"
All of our trademarks were filed in the United States Patent and Trademark Office between January 23, 2007 and July 10, 2008. We intend to file applications to expand our trademark protections to ten additional countries. The Company filed three patent applications during the last fiscal year. One of such patent applications is a provisional patent that was filed on December 19, 2007 relating to a method for recycling foam sponges. The other two patent applications are design patents filed on June 16, 2008 that relate to our car and pet sponges.'
Where the company's value lies. As earlier talked about. Intellectual properties rights. And at the current rate of growth/expansion?
Well, said value is about to go through that proverbial roof. Over weeks and months to come. In line with the fiscal '10 marketing budget having been ramped up to the $20m area.
And bail?
Play the short side?
The FUD-mongers have had their day. Out of ammunition at this point.
Time to get real. Waking up.
The longer-term realities amounting to the undeniable. The latest audited numbers on the way. A senior listing in the offing. Proper valuation.
No shortage of SPNG millionaire$-to-be.
Smile time.
Onward and upward.
Thank you.
PM,
Congratulations.
The 'free' shares and all.
And, indeed, no shortage of SPNG millionaire$ in the making.
All being well. A management team to be truly proud of. Getting the job done.
Mike Ashley having joined the march to far greater things. And welcome.
Onward and upward indeed.
Thanks for the replies.
The kind words.
The answers being always in the details. It paying, always, to remain calm and rational. Thinking clearly.
VD…
Time to calm down. Getting a grip. Focusing a wee bit. And we'll start with the fact of the recent NASDAQ meeting. The uplisting connection. And, with same in mind, we'll recall a little something shared with the board as of June 19th...
From: James Stone [mailto:jstone@mycvc.net]
Sent: Wednesday, June 17, 2009 10:44 AM
To: susanu@corporateevolutions.com
Subject: James L. Stone-Concerned Investor
Susan:
My name is James Stone and I am currently an investor in SpongeTech. I know you must very busy so I will get right to question. Last week SpongeTech was supposed to have a meeting with NASDAQ about SpongeTech moving to a higher market. I haven’t seen any news about this meeting and was wondering if you could perhaps enlighten me on what you could?
----------
James,
Once we have formally submitted the application, I anticipate we will have a release updating everyone.
Susan U
Corporate Evolutions, Inc.
111 Great Neck Road
Suite 300
Great Neck, New York 11021
ph: 516-482-0155
fx: 516-482-6099
You really do need to calm down. Thinking clearly. The following of the SPNG bouncing ball being none too difficult. The answers being always in the details. And, yes, I remain steadfastly convinced that M&A will be the answer to the senior listing. And if an acquisition? And, indeed, SPNG won't be doing the acquiring. SPNG will be the 'target'. A little 'creative' thinking. As talked about. And if a merger? And, again, the 'creative' variety.
And yes. The listing is essential. Urgent. We need leave the BB behind ASAP. The constant abuses at market level. And management will succeed. One way or another because the long-term success of the company depends upon it. And, most assuredly, management hasn't invested as they have, to date, only to let the Bulletin Board's ever-present gutter trash crowd win in the 'end'. Undermining all.
Any material company event, such as discussions/negotiations relative to M&A having been entered into, and we would know. SEC rules/regs. Regarding full and fair and timely disclosure. Of the material. So we know that, as of this writing, there is nothing formalized re M&A.
Not yet.
(A material company event being defined as an event likely to directly impact market level in either a negative or positive manner.)
While application of equity, as earlier discussed, adds up. Fits the proceedings precisely. Leveraging as called for. As opposed to jeopardizing the company's asset base as an example. Our well knowing that RM Enterprises has played a significant role in SPNG meeting obligations over time. Knowing, additionally, that management has personally financially sacrificed in light of the associated cancelations/retirements. Sacrificed for the long-term good of the company. And kudos.
With RM Enterprises fading, eventually, from the picture. As SPNG's cash flows situation continues to strengthen. The coming audited numbers going to be an interesting read. The quality of earnings issue fading. Earnings solidified as the effect of synergies and economies of scale kick in. Self-sustaining operations achieved. Sufficient cash flows from ongoing operations to dismiss all obligations. No more a need of RM Enterprises. Of application of equity.
Our knowing that the fiscal '10 marketing budget has been increased to the $20m area. A new agreement coming as of today. The marketing variety. That which is proving up so hugely in getting the company's products out the door. Speaking for itself. The marketing success. ROI. The reason behind the increase.
And a bomb of a PR in the offing?
And my vote says yes. Major league material company event (pun intended). With market level soaring.
With our coming session to see green. The shorts getting hammered. As, once again, the SPNG truth emerges. Cooler heads prevailing.
And do try to calm down. Some folks simply lacking the temperament necessary for successfully dabbling in the flighty world of equities. The shark-infested waters.
An investment in SPNG being a no-brainer.
The building of a very real company.
The making of an empire.
The longer-term goals achieved in line with a senior listing.
And Mr. Metter...
"The time has come for us to move off the Bulletin Board."
To put it mildly.
Do indeed calm down. Do indeed stay tuned.
All is well.
PM's,
Thank you.
And you're welcome.
And yes, A 'black' Thursday of sorts. A party/parties, yesterday, becoming aware of the latest Authorized increase and leveraging same as per 'black' Friday. Short positioning coupled with the standard FUD routine. But, this time, a far greater degree of clear thinking afoot. Not (ahem) falling for the manipulation.
On Thursday, June 11th we closed at $0.2350.
On 'black' Friday, June 12th we closed at $0.1700.
A change of ( 27.66% ).
Yesterday we closed at $0.1464.
Today we closed at $0.1295.
A change of ( 11.54% ).
And, no, we can't seem to catch a break. The 'black' Friday antics coming at precisely the worst moment and 'black' Thursday the same. Just as the major markets/exchanges emerge from their recent funk. Would've been a green day if not for the games, as usual, routine.
But not to worry. As cooler heads will continue to prevail. Tomorrow's session seeing green. Shorts forced to cover. With our latest PR's telling the story. Being entirely complementary. A, seemingly, record month for new orders. A welcome push into Canada. A new marketing agreement entered into. The type of partnership contractual that underlies 'record' months.
None of it being rocket science.
And speaking of?
Well, the Authorized increase/increases. With the mentioned "mistake" being a reference to an earlier Authorized increase which involved a clerical error of sorts and a whole host of confusion additionally. The posting shenanigans getting seriously underway following the sharing of an e-mail reply from Mr. Moskowitz...
'Steven Moskowitz Email
"were getting it corrected sorry for any confusion"
Thank you,
Steven Y. Moskowitz'
The whole of it being a nonissue.
And ever ask yourselves why -- if it was management's intent to ongoingly directly hugely apply equity -- said management doesn't simply massively increase the Authorized in one fell swoop? As opposed to multiple smaller increases over time? Saving time and money. Why not simply raise the Authorized to, say, 5b and be done with it?
There being a number of fitting reasons behind the Authorized increases, yes. Those talked about. Takeover attempt. Merger. Acquisition. So on. But the overriding consideration is that said increases relate primarily to what's legally called for. Maintaining, that is, a ready pool of equity in line with agreements entered into over time. What are generally referred to as 'reservation of shares' considerations and 'contingencies'.
And following the SPNG bouncing ball, via the company's filings, one notes that the ongoing increases to the Authorized come in concert with new agreements being entered into over time. A variety of such. Marketing, so on. With no shortage of associated NDA's (Nondisclosure Agreements) in evidence.
And, were the associated full detail available to us, we would note that equity is part of the picture. But indirectly. Not directly. Equity underlying said agreements in the form of potential compensation should a default(s) occur relative to called-for monies changing hands.
A number of understandable reasons behind the ongoing Authorized increases but, primarily, a matter of what's legally called for. A ready pool of equity in line with the full potential of issuances underlying agreements entered into. Should such be called for. And inclusive of employee stock incentive plans and such. The full issuances potential. A situation in constant flux. And, certainly, it's understandable that equity is being leveraged in achieving the longer-term growth/expansion goals.
It being not about direct application of equity i.e., massive dilution. As, any such, and average daily volume stats. would be far greater than is the case and market level would collapse. And remain collapsed. Having never seen the prior run-up.
Simple common sense, and the empirical, speaking (ahem) volumes.
And let bail whomever wishes to. More power to them. May they succeed elsewhere. In SPNG management we have, in the absolute, the capable/competent getting the job done. Bringing value. Building a very real company. An empire in the making.
The Authorized increasing in line with legalities. The contractual, etc. The Outstanding count decreasing in line with urgency in leaving the BB behind. Achieving the senior listing.
None of it being rocket science.
All being well.
The longer-term reality being what it is. Senior listing. Massive ROI.
Management having made it clear, some time back, that the Authorized situation relates to what's called for legally. And there are, in fact, no shortage of OTC startups proceeding in a similar fashion. Or, otherwise, being in a default circumstance. Covenants breached and such.
SPNG = the real deal.
Holding tight being a no-brainer.
And thanks again.
General…
Subpoena?
Sure. But no need.
All being well.
Green tomorrow. Shorts getting hammered.
Onward and upward.
Jack...
Supposedly, we have massive quantities of phantom shares having entered the picture. Some 500m and counting. With no associated empirical evidence whatsoever in support of any such. None. Not so much as even a single response to my earlier challenge regarding the graphical. And no mystery there.
With the company's new TA being an 'opt-in' vs. 'opt-out' situation. Many TA's liberal with detail unless a client 'opts-out' via a gag issuance.
Not a major concern. The Authorized increasing as talked about. The Outstanding decreasing as talked about.
With my personal perspective being unchanged. That the senior listing will be achieved via M&A. A bomb of a PR to soon arrive.
Market level soaring.
No shortage of SPNG millionaire$-to-be.
Onward and upward indeed,
And thanks.
PM,
Stock consolidation?
Not likely.
Seemingly, there's a connection to a ticker symbol change. And whether temporary, or permanent, we can't say. The message courtesy of company IR.
While on the question of the company's shareholder base...
"Can someone tell me, Is there any way to know how many shareholders there are?"
There are a number of sources. With a need of bearing in mind that we're talking a situation of constant flux. The company's TA (Transfer Agent) being responsible for maintaining the relevant records. The constant maintenance. And raw numbers don't necessarily tell the whole story because there are both 'active' and 'inactive' considerations. An 'inactive' shareholder being an entity no longer holding a position but being due an associated obligation of some description. And removed from the record upon that obligation being eventually met. There also being differing forms of ownership. Certificate being one. Street Name being another. So on.
With the company's new TA being…
http://www.worldwidestocktransfer.com/index.php
Should you want to try for the latest detail.
J. et al.,
I don't run the menagerie. I'm just one of the inmates.
And when the opportunity to rise above the speculation presents itself? Well, we'll do so. Not a difficult concept.
And no worries. The major markets/exchanges will see better days. The right overall sentiment in evidence once again.
In SPNG we, all of us, stepped in something most definitely good. With 'black' Friday having undermined what it was that management was striving for. Couldn't have come at a worse time. But a blessing in disguise in terms of opening eyes. Drawing scrutiny. The truth emerging.
And if, as logic would dictate, management fervently pursues the M&A avenue to the listing? Well, there won't be any of us complaining. Any formal word regarding such a pursuit sending market level north accordingly. And ROI nirvana upon the definitive being achieved.
The 'creative' approach. Quick. Simple. Cost-effective. The needed institutional interest. The rest of it.
The big money having already entered the picture. Analyst coverage of the worthwhile variety. Management getting the job done at the NFE Conference. And kudos.
We wait. We find out.
But, for sure and for certain, an urgent need of leaving the BB behind. Any formal word on the M&A pursuit front and a massive buying frenzy it will be. In anticipation of the definitive being soon thereafter achieved. That which propels SPNG, and its unyielding faithful, to a whole new beginning. Whole different ballgame. Proper valuation and all. The effect of applicable multiples inclusive.
Massive ROI.
It being all about the listing at this point. Seriously building upon that which the coming audited numbers will clearly spell out. The fiscal '09 operational reality.
Fiscal '10 to see a marketing budget in the $20m area. The product development initiative to continue to the point of 100 plus SKU's by fiscal '11. Gross revenues of $500m plus projected within 3 to 5 years. So on.
The need of the senior listing amounting to a no-brainer.
A bomb of a PR potentially in the offing.
Market level soaring.
And thank you.
You and the rest.
Doc,
Reality?
The reality being that every argument, to date, presented by the 'massive abusive shorting' believers has been effectively countered. What yourself, and the rest of the 'entrenched' routinely present, amounts to nothing more than the unsubstantiated. Baseless blanket statements. Actual numbers a current unknown. Current status. Across-the-board. While SEC filings represent historical detail.
As for your Bernie Madoff argument? Entirely lame. Bernie Madoff is an individual who, by way of numerous avenues, perpetrated a deliberate series of frauds against a certain set of entities. Being wholly unconcerned about potential repercussions from such regulatory bodies as the SEC. So on. A situation far different relative to SPNG's registered MM's. The long overdue rules/regs. amendments in place. As talked about. Grandfather provision eliminated. So on. FINRA and short position reporting obligations. Semimonthly.
Yourself and the rest of the 'entrenched' being entirely at liberty to think/believe as you see fit. Blinding yourselves to certain, indeed, realities.
The 'black' Friday trading stats entirely fitting, under the circumstances. The panic rush for the exits followed by the regaining of at least some semblance of common sense. The company's tradable float turning over. Largely turning over. A vast number of eyes upon SPNG as market level continued to climb to new heights session-over-session.
None of it being rocket science. Entirely fitting.
The subject having been beaten to death at this point.
The facts to soon emerge.
NOBO + DTCC detail.
And there I'll leave it.
All the best.
Chasing…
Correct.
SPNG's latest trading pattern has been mirroring the major markets/exchanges. Not a difficult read. Overall sentiment being what it is. Better days to come.
Banker…
You hit the nail on the head.
The SPNG market level activity, up to the point of the NFE Conference, lent itself ideally to management's participation. A steadily ascending pps circumstance as management presented the company, its business plan and model, to an institutional level audience. The whole of it fitting ideally. The timing of the NASDAQ meeting and all.
It coming as no surprise, even slightly, that management would be wholly unhappy about the 'black' Friday goings-on. For indeed, following the presentation what would any interested party/parties do but continue to track the company's stock? ROI being what the flighty world of equities is all about after all. Not to mention the impact in terms of the NASDAQ meeting. Senior listing.
A total kick in the head. The whole of it.
Market level now back in the hands of the day traders. Order flow realities. That which MM's work, always, on the basis of. Order flow circumstance. Major markets/exchanges recently stung. The rest of it.
But, absolutely, it's about the longer-term reality. Big picture. And with that said we, again, have from two separate sources the fact of management having come away from the NASDAQ meeting with M&A in mind. Our knowing additionally, courtesy of company IR, that the M&A option is 'always on the table'. Our having discussed the likelihood of market level achieving a sustained $4.00. Or even $1.00. At basement level. Additionally discussing a consolidation of the Outstanding stock. The apparent associated need of changing the company's ticker symbol. And, so, what to do?
Can't win in the basement.
There's nothing graven in stone about what I, and others, have presented of late. Expectations of a bomb of a PR. But it does add up. That management would seek out a merger or an acquisition. The 'creative' variety. Gaining the needed listing while retaining all intellectual properties rights. So on. Quick. Simple. Cost-effective. There being no shortage of 'distressed' NCM components to approach. Being entirely open to a mutually beneficial proposal. Discussions. Negotiations. All available options being on the table.
Everything was hunky-dory up until 'black' Friday. Which changed all. Massively undermining the overall reality. Major setback in terms of where management was headed at the time. Big picture reality. The simple fact of the matter.
And, again, doesn't mean I and others are right. Only that it adds up. Fits the proceedings. Merger or acquisition. Our having to work with what limited info./detail comes our way. Thinking clearly. Paying close attention to detail.
The longer-term reality being what it resolutely is. But unachievable at basement level and, thus, the Conference presentation. Leverage. Senior listing. With the Reuters coverage having emerged. Due diligence completed as talked about. The institutional monies having received the message. Seeing the SPNG light. Big picture.
Time, in the absence of all argument, to leave the BB behind. And via ongoing company growth/expansion? And again...
(Mr. Metter)
"Right now we’re going to go there on the basis of what the stock is going to grow to."
And then came 'black' Friday and the NASDAQ meeting.
No. There's nothing graven in stone at this point. But we need ASAP leave the BB behind and a merger or an acquisition entirely adds up. No shortage of fitting entities willing to entertain such an overture. All involved parties winning. An end to the manipulation.
We shall see.
PM…
Relative to matters of the material, company material events, fiduciary duties dictate that management has an ongoing obligation to keep shareholders up-to-date and informed at all times. SEC rules/regs. Full and fair and timely disclosure.
Anything material?
We would know.
We wait. We find out.
The massive abusive shorting issue.
The M&A issue.
The rest of it.
SPNG = the real deal.
About, that, there's no two ways. But in order to achieve full operating potential the company needs the involvement of the big money folks. And, thus, the senior listing. ASAP.
And graven in stone...
(Mr. Metter)
"The time has come for us to move off the Bulletin Board."
Onward and upward.
Z4,
At this point in the proceedings we have to separate the technical from the fundamental. We could refer to the current trading dynamics as a period of consolidation, but it's not. There being a need of factoring in 'black' Friday. The manipulation. A little something many folks are losing sight of.
Had the manipulation not been? Well, then we could talk about whatever consolidation period might have eventually arisen. The chart dynamics were interrupted by what happened 'black' Friday. The so-called consolidation period amounting to nothing more than the aftermath of the criminality. The fallout.
Not a true period of consolidation.
Folks still a bit skittish. The prospect of the downside. Risk/reward adjustment. And a nonissue in light of the big picture. The longer-term reality. With market level holding up remarkably well in light of overall sentiment. The major markets/exchanges in general. The PR 'silent period' specifically. The continued FUD routine. So on. Holding up remarkably well. A reflection of the actual underlying sentiment. Just waiting for the right spark/catalyst to set things in motion once again.
If what a little clear thinking coupled with a little close attention to detail spells out, is accurate? (And it very likely is.) Well, we're on the verge of a bomb of a consolidated PR going to see market level soaring.
What it is that I, for one, wholly anticipate.
Mr. Metter again...
"The time has come for us to move off the Bulletin Board."
As for my SPNG position?
No. Being comfortable where I am. Original position. Significant paper gain.
Awaiting payday.
Massive ROI.
Phrantic...
Exactly what's what we, none of us, know. But the empirical is there. For all to see.
Not much else to say other than the reality of certain 'groups'.
No argument there.
Time to leave the BB behind.
(See above.)
Drew…
First, let's consider what market level would be currently reflecting had the 'black' Friday antics not been.
How High?
With none of us able to say.
The 'embedded' argument I'm aware of (D. Furth). And as for who holds what, currently? Shareholder base realities?
Been addressed.
We'll wait for the NOBO + DTCC detail to spell out the reality.
Ending the speculation.
Onward and upward.
Drew,
A trading pattern that doesn't reflect the natural market forces of supply and demand.
Prior to the referenced SEC maneuverings, we had a case of many OTC outfits hosting a management team proceeding in ways that invited egregious abuse. Daylight robbery. Market level trapped in the cellar. Unable to advance. A case of managerial incompetence coupled with MMM.
Looking at the SPNG graphical, the recent run-up, we have three stark instances of a new base having formed. Seen here...
(Hopefully, a live link.)
http://stockcharts.com/h-sc/ui?s=SPNG&p=D&yr=0&mn=3&dy=0&id=p52120835958
The associated volume spikes. The money flow. Simple metrics of supply and demand yielding what would be expected. The massive buy-side. The significant upside. No evidence of egregious abuse. None. No wanton creation of phantom shares no end.
The trading pattern reflecting in line with all being well.
But the massive buy-side in the absence of the significant upside? Volume spikes? Money flow reality?
My challenge still stands.
Let any party/parties step forward.
The empirical.
And you're welcome.
Crodad,
Affirmative.
The simple reality being that we know not precisely when the 'black' Friday short positions were opened. But simple logic dictates that it was near the 'top'. And closed at, or near, the bottom. Our having heard that the involved parties are now holding tight. And, wholly understandable, same is. Speaking volumes.
PM...
Time to relax. Emotions and equities don't mix. And when it comes to the flighty world of equities, in general, there are never any guarantees. Not from SPNG. Not from MSFT. Nor any other such. Always a case of risk/reward.
As for the JWgreensheet question?
The involved rankings are updated weekly. A simple matter of the statistical. How difficult is it? You really need to slow down. Management having already informed shareholders of intent to seriously ramp up the marketing budget for fiscal '10. Getting the job done. The company's products out the door.
And, yes, I can read. My being aware of Doc's response. I had to pick up a few groceries. The bunch of us do have lives outside of these boards, hmm?
Time indeed to relax.
The reality being that, relative to the massive abusive shorting issue, there are a great many very entrenched viewpoints. And, earlier, I presented a challenge to the board in the form of asking any interested party/parties to kindly point out, graphically, just and exactly at what point(s) there transacted all the supposed abuse. A challenge, far from surprisingly, having gone entirely unanswered to date. Not so much as a single response. And because the evidence just isn't there. Not when the abuse issue was first formally raised and not now.
And, yes, there's the talk of D. Furth and company. The purported holdings. The hearsay. And...
'My firm Lebed Biz LLC was compensated by a third-party (Doug Furth) 1,250,000 free-trading shares of SPNG for a one-month investor relations contract which has since expired.'
D. Furth and company proceeding in line with vested financial interest.
And still holding the purported collective position?
Enough said.
Additionally, we have guesstimated share structure numbers based on the facts as we currently believe them to be. Nothing verifiable. Not knowing how management has proceeded, been 'forced' to proceed, of late. No PR('s) on the subject. No filing(s).
And, yes, on 'black' Friday we saw significant volume. Tradable float turning over. Largely turning over. And understandably so.
And as for the shareholder base?
Well, let's consider the recent run-up. And exactly how much investing/trading principal would an SPNG position of just one million shares priced at, say, $0.20 require? The average cost basis reality being what it is. Compared to the earlier reality. From the bottom.
The bottom line being that there's no shortage of pure speculation afoot. Hearsay. Lack of verification. But, undeniably, the trading pattern does not support the abuse contention. Neither SEC rules/regs. realities. Grandfather provision eliminated and all. So on.
With, now, a formal investigation underway. At long last. The company's NOBO list. The DTCC clearing detail. The facts in the offing.
Just whose viewpoint accurate.
And do try to relax. Getting a grip.
All being well.
Rdaily...
I think fast. I type fast.
Though, sometimes, my typing outpaces my thinking.
And thanks.
Jeff, et al….
On the question of the Authorized we have a case of being prepared. Hostile takeover attempt. M&A. Senior listing. More.
As for Accounts Receivable?
Again...
'Accounts receivable have been adjusted for all known uncollectible accounts. As of February 28, 2009 and May 31, 2008 there were no doubtful accounts. International accounts represents sixty-seven per cent of total receivables as of February 28, 2009 and approximately seventy per cent as of May 31, 2008.'
As for OTCBB outfits achieving a senior listing? The NASDAQ?
Well…
(2008)
Total new listings:
177
Amex & NYSE Switches/Dual Listings:
61
Initial Public Offerings (IPOs):
26
Upgrades from Over-the-Counter:
45
ETFs, Structured Products & Other Listings:
45
A simple need of focusing on the best and forgetting the rest.
SPNG is headed upstairs.
Quick. Simple. Cost-effective.
Massive ROI.
Stay tuned.
Crodad,
There being a world of difference between abusive shorting and the legitimate variety.
Stay tuned.
Thank you.
And, yes, it never fails to amaze/amuse. The degree to which these boards host so much posted nonsense. The earlier mindless yammering about the SEC and the gagging of a company's TA. The, now, mindless yammering about FTD's relative to massive abusive shorting issues. On and on. Seemingly no end to it.
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.
PRODUCT SHIPMENTS
Product shipments for the first two months (March and April) of our fiscal fourth quarter, which ends May 31, were $2,200,000, and we are estimating shipments for the full fourth quarter to approximate $3,300,000. We are excited and very pleased with the market acceptance of our products, and also pleased with the results of our marketing program.
ORDER BACKLOG
Our order backlog for both Pet Care and Auto Care products is in excess of $23,000,000. We are experiencing strong demand in the United States and very strong demand from international buyers.
PRODUCTION
Independent sub-contractors using our patented technology and brand names produce our products here in the United States. These sub-contractors have adequate capacity to meet our growing demands.
FINANCES
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.
OUTLOOK
We are currently in negotiations with major retailers who are now evaluating and 'test marketing' our products. For contractual and competitive reasons, we cannot further elaborate. At this time, I may add, we do not have signed contracts or firm orders and there is no assurance that our proposals to these clients will be accepted.
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.
We are also evaluating and testing our product delivery system using our patented technology in other products. These include suntan lotion, topical medical uses, beauty aids, and other hardware and houseware product solutions.
In conclusion, we are pleased with our progress and look forward to continued growth.'
[ 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. ]
(November 20th)
'SPNG … CEO Michael Metter reported today that the Corporate buy-back of the Company's common shares is almost completed. Repurchased stock will soon be returned to treasury and removed from the trading float. The Board of Directors has convened a meeting to discuss additional positive measures to reduce the total outstanding shares in SpongeTech's(R) stock. Possible actions being contemplated by the Company are to exercise the repurchase option that the Company has on the 660 million shares currently held by RM Enterprises. The repurchase of equity would significantly reduce the outstanding number of shares of the Company stock thereby decreasing the Company's overall market cap. Additionally, the Board of Directors will be discussing the feasibility of a new corporate stock buy-back program.
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.'
[ committed and prepared to support any and all permissible actions to maintain the fundamental value of our common stock ]
And from earlier this year…
(January 8th)
'SPNG … is pleased to announce that the SpongeTech(R) Board of Directors is retiring seventy-nine million shares (79,000,000) of SpongeTech(R)'s common restricted (R144) stock from RM Enterprises. This stock will be retired to the Company's Treasury. Upon completion of this transaction, RM will still own approximately 600,000,000 restricted shares. The Board states that further share reductions are being contemplated.
Michael Metter, CEO of SpongeTech(R) comments, 'This initial transaction represents the first step in the restructuring of the corporate capitalization so that the company can place itself in the best possible position for future growth. The Company is exploring other viable options for any and all possible opportunities that may present themselves. It is important to note that this is only the first step of the process and is not the end. 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.'
Mr. Metter added 'Despite the economic slowdown now being felt in the world economy our business remains strong. For our second quarter 2009, ending November 30, 2008, the 10Q to be filed shortly with the Securities Exchange Commission (SEC), will show we are 'on track' to meet or exceed our forecast for sales of $40,000,000 with profit expected to exceed $7,000,000 for our fiscal year ending May 31, 2009. We expect to be announcing new orders with new channels of retail distribution throughout America for our products that will catapult us with future sales and earnings in our next fiscal year 2010 that begins June 1, 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.' ]
(January 15th)
'SPNG ... is pleased to announce today the company's current share structure. The total authorized shares as of second quarter ending November 30, 2008 were approximately 960,000,000 common shares issued and outstanding. Since then, the Company has retired seventy-nine million shares (79,000,000) of SpongeTech(R)'s restricted common shares (R144) stock from RM Enterprises last week and another forty-six million shares (46,000,000) of SpongeTech(R)'s restricted common shares (R144) stock from RM Enterprises this week, which reduces RM Enterprises total holding to approximately 560,000,000 of SpongeTech(R)'s restricted common shares (R144) stock.
The Company has also completed a stock repurchase plan of fifty-five million shares (55,000,000) of common shares from the open market.
As of January 15, 2009 the share structure has been reduced to approximately 780,000,000 common shares issued and outstanding.
SpongeTech(R) Delivery Systems, Inc., CEO, Michael Meter said, 'In an effort to position ourselves favorably among our investors, shareholders, and the public market, we have significantly reduced the Company's share structure with the cooperation of our largest shareholder RM Enterprises and we will continue to do so.'
[ In an effort to position ourselves favorably among our investors, shareholders, and the public market ]
That which has been PR'd to-date having very largely proved up. No argument. No complaints. While at the point at which the following comment was PR'd, market level was largely stagnant, in around $0.02...
[ 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 constant mindless yammering about massive abusive shorting is getting tiresome. The ongoing nonsense. Ridiculous claims of 500m and such. And in the face of the trading pattern reality. In the face of the SEC having implemented a few long overdue rules/regs. amendments. The rest of it. Time to put to rest said nonsense. Getting a grip.
While on the subject of the senior listing our having heard that the NASDAQ meeting went well. A 'two thumbs up' situation. The Council being understandably impressed with company fundamentals. And a consolidation of the Outstanding stock in achieving nirvana? Well, we have from IR the message that any such will result in a need of changing the company's ticker symbol. And whether temporarily, or permanently, we can't say. Only that such appears to be the case. With any such change being wholly damaging. Branding consideration.
And, yes, we know that during the Conference, the initial Q&A, Mr. Metter answered a certain and specific question a certain and specify way...
"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. ]
And a statement made prior to the NASDAQ meeting. Prior to 'black' Friday. With our having heard, additionally, that management came away from the meeting having M&A in mind. The Council unwilling to make any concessions.
Where we now stand. As any concession(s) made and management would've been all over it/them. PR('s). No time wasted. Material company event(s). SEC rules/regs. Full, fair, timely disclosure considerations.
With formal word about the meeting, about achieving the senior listing, to come. To soon arrive. Not to mention the recent meeting regarding pursuing yet another lucrative marketing contract with "another major stock exchange company." And much material else. As talked about.
Much in the PR pipeline. And again...
(Mr. Moskowitz)
'The management is committed and prepared to support any and all permissible actions to maintain the fundamental value of our common stock.'
The 'black' Friday antics having not pleased management. The gross undervaluation situation not playing well in light of the push to achieve the senior listing.
And stating it plainly…
Can management achieve a sustained $4.00 pps at basement level? How about $1.00?
And now let's consider M&A. That which we've, very much, heard management was considering coming away from the NASDAQ meeting. And what would the market level reaction be to a PR('s) speaking to intent to merge or be acquired? A little 'creative' thinking? Quick. Simple. Cost-effective. Senior listing achieved. Discussions. Negotiations.
Industrial strength formal word on the way. Material company events circumstance. Countering the 'black' Friday antics in the best way possible. The building of a very real company.
With the major markets/exchanges lackluster this session. The current trading pattern being entirely dismissible in light of the bigger picture. Senior listing. Institutional monies. Growth/expansion. So on.
(Mr. Metter)
"The time has come for us to move off the Bulletin Board."
(Mr. Moskowitz)
'The management is committed and prepared to support any and all permissible actions to maintain the fundamental value of our common stock.'
None of it being rocket science.
Not even slightly.
Fun and profit on the way.
That, to truly smile about.
Stay tuned.
Carol, et al.,
Lesson 1:
Emotions and equities don't mix.
The quality of earnings issue referenced in my prior post is something the more agile-minded among us have been aware of for months. We're, after all, not talking MSFT here.
Everything in life being relative.
It behooving one to bear in mind the fact of the typical OTC startup hosting a numbers situation inclusive of massive loss carryovers. No shortage of same far in advance of $25m. Multi-year histories with no sign of worthwhile operations. Empty revenues. The ugly rest of it.
SPNG management having made the situation clear. The fact of synergies and economies of scale seeing gross margin numbers grow significantly. Just a matter of continuing to push the company's products out the door.
And with that in mind we've already been apprised of the intent to significantly increase the fiscal '10 marketing budget. To the approx. $20m area. And we know that marketing costs represent, by far, the company's greatest operating expense. Additionally knowing that significant equity has been applied in covering same to a large degree. Resulting in the quality of earnings issue. An understandable circumstance as talked about. Fitting.
And, so, can we expect said quality issue to contract or expand in line with the budget increase?
Well, let's start with what else the June 15th PR tells us...
'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.'
And, so, does management anticipate that fiscal '10 will see cash flows from ongoing operations sufficient to dismiss all obligations? No need of application of equity? Synergies and economies of scale kicking in?
And we'll know when we know. But it does make sense. Applying equity initially. Until ongoing operations reach self-sustaining levels. With fiscal '09 audited numbers on the way.
The central point being that the numbers, as we currently know them to be, spell out an operational reality to totally smile about. Entirely in line with company business plan and model. The timeline excellence.
So, no complaints.
Audited numbers on the way. Painting a telling picture.
And let's assume that the self-serving antics of 'black' Friday hadn't transpired. That natural forces of supply and demand had continued to prevail. And would we be witnessing cases of emotional overload?
The underlying venue being what it is. And had the manipulation not seen the light of day and market level was, say, at a stable $0.55?
And, again, everything in life being relative.
Sidelining emotions.
Achieving the senior listing being the key. Quick. Simple. Cost-effective. Our knowing that M&A is an option 'always on the table'. With continuing operational growth/expansion making a buyout overture(s) ever more likely.
None of it being rocket science.
The plain and simple reality.
Management knowing well what it is they do.
Bringing value.
No shortage of the longs, yours truly inclusive, sitting on very significant paper gains as of this writing. So, indeed, no complaints.
SPNG is as good as it ever gets at basement level. Risk/reward.
With upstairs waiting.
Onward and upward in more ways than one.
With industrial strength formal word on the way.
The serious upside.
And thanks.
Thank you.
Henalopen,
"Analyst Models? Does anyone know if there are any analyst reports on SPNG showing estimates of future revs and EPS. thanks much for you responses."
Too early in the proceedings. Such coverage yet to come. In line with the fiscal '08 business plan/model realities. A serious ramping up on the marketing/promotion front. The NFE Conference seeing both Mr. Metter and Moskowitz talking, at length, regarding growth/expansion prospects. Projections. Guidance. Forward periods.
The coming audited numbers (August) representing the point at which worthwhile analytical coverage will get seriously underway. A major turning point for the company. Its shareholder base.
While, with regard to the fiscal '09 numbers estimates that were shared with the board today, we have the central point being cash flows from operations. The degree to which any for-profit company can dismiss obligations courtesy of ongoing operations. The understandable reality being that, to date, we do have a quality of earnings issue (no pun intended) to deal with.
The following:
Q1...
Issuance of common stock for fees, payments, advertising, etc… $3.3m
Q2...
Issuance of common stock for fees, payments, advertising, etc… $4.8m
Q3...
Issuance of common stock for fees, payments, advertising, etc… $1.6m
Total of $9.7m. Three quarters.
And the earnings picture in the absence of same?
Well, firstly, we need note the period-over-period reality. Numbers improvement. And, certainly, it's understandable that application of equity be part of the picture given the big picture. The recent surge in marketing/promotion. The numbers surge. Operations advancing toward the self-sustaining. Sufficient cash flows to dismiss obligations. The coming audited numbers to be telling. The quality of earnings situation noted. Continued improvement.
The overall situation fitting. The newness. The numbers surge. The average OTC startup/development stage outfit never seeing worthwhile operations emerge. Forced to apply equity massively and ongoingly. Shareholder value dismissed.
SPNG management having accomplished a truly Herculean task. The current operational reality. The timeframe. With both Mr. Metter and Moskowitz, via the Conference, addressing gross margin expectations in line with continued business plan/model implementation. On to 100 plus SKU's. The cash flows situation surging. Quality of earnings. Synergies. Economies of scale.
At the current cost of admission SPNG = no-brainer.
Everything considered. Big picture reality.
The coming audited numbers cementing said reality. A degree of welcome verification of that which the Conference addressed.
And as for today's market level action?
SPNG having performed precisely in line with the major markets/exchanges. And understandably so. But we did see, out of the gate, that which was technically signaled. The upside. The volume...
(Might have to cut & paste. Server issue.)
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
And collapsing in line with overall sentiment. Across-the-board.
Formal word to come. On a number of fronts. A certain meeting having drawn management's attention this day.
The Conference having been an excellent window into the quality of the company's management team. The salesmanship. The obvious capability. The obvious competence. The degree to which said parties are focused on building a very real company. Solid fundamentals. Solid earnings. Quality indeed.
The Conference, very obviously, having wholly succeeded in terms of the general message delivered. Drawing interest at the institutional level.
The coming audited numbers representing a major turning point.
The balance of our trading week to play welcome witness to industrial strength formal word. And inclusive, just maybe, of mention of a little 'creative' thinking relative to achieving the senior listing? Discussions? Negotiations?
Stay tuned.
The serious upside ahead.
Money in the bank.
Phrantic,
The original long position(s) was/were picked up by the 'group(s)' early in the game. Lowest possible cost scenario. That's what tout sites and their followers do. Just check -- www dot pinksheets dot com -- for some of the sordid details. 'Recommendations.'
No. What we witnessed was a one-shot deal. In early. Out at the 'top'. Shorting and all.
No repeat.
The big money is about to join retail on this one. SPNG about to transition the way many other BB outfits have done. Achieving a pps in line with company true value circumstance. Operational reality.
The BB being not just about startup/development stage companies. It's also about the fully operating. Companies led by management not proceeding in ways that invites manipulation.
The manipulation we witnessed is over and done with. The company clearing a hurdle. And bearing in mind that, previously, we saw a run-up from the bottom. That which appeared to be OTC typical. Run/retrace. The situation lending itself ideally to what happened. But this time we're moving off a much higher base. A whole different set of dynamics at work. The fundamental picture having cleared. To smile about.
Speculation being something far from rare. These boards being here for purposes of ongoing discussion. Sharing DD and the rest of it. Mutual financial benefit. With speculation being what it is.
And how many different perspectives were presented regarding just and exactly what did transpire on 'black' Friday? And how many of same were accurate?
Speculation being what it is.
Our next Open almost upon us.
SPNG reality about to come to the fore. Totally to smile about.
Stay tuned.
Phrantic,
Precisely.
The nature of the venue. Inescapable realities.
But no repeat of 'black' Friday. The needed ammunition being no longer there. Veil of uncertainty. So on.
The truth having emerged.
The senior listing being the key. Absolutely. With the analytical coverage by Reuters coming, doubtless, as a direct consequence of the Conference presentation. The completion of the called-for due diligence.
The big money starting to get with the SPNG program. Seeing the light. The longer-term realities.
Market level about to get truly serious. And off to those proverbial races once the coming annual report goes primetime. Senior listing time.
The manipulation having come and gone. A blessing in disguise.
The big money in the welcome throes of taking SPNG, its management team, entirely seriously.
Big trading week ahead in the absolute. And only the beginning.
Management firing on all cylinders.
Having successfully secured the attention of the big boys and girls.
Onward and upward indeed.
Smiles all around.
The long perspective.
The big picture.
Phrantic,
The manipulation involved the down-side. Precipitating the down-side. Maximally profiting from a short perspective. And not long ago I shared with the board a certain 'analysis' authored by a certain 'The Dean' and blogged as of Thursday, June 11th. The day before 'black' Friday.
That 'analysis', and other similar such, followed closely by the talked about FUD routine. Numerous financial message boards seeing no end of...
"Big dump coming!!!"
"SEC investigation!!!"
"Total SCAM!!!"
"SELL, SELL, SELL!!!"
And now let's assume that all of same was to reemerge tomorrow. More self-serving 'analyses'. More of the mindless FUD routine. And?
And market level would tank, would it? Folks running (ahem) frantically for the exits, yet again?
And not hardly.
"The Boy Who Cried Wolf."
To 'cry wolf' meaning to issue a false alarm.
SPNG = the real deal.
More folks being now aware than ever previously. The truth having emerged. Blessing in disguise.
Management is about to come on strong. Getting tough. Being not happy about the 'interruption'. And understandably so given the push to leave the BB behind.
Watching and learning.
Our next Open almost upon us.
All the best.
And you're welcome.
PM,
Very kind.
Thank you.
And will do.
And thanks to the rest.
With our having said, earlier, that the recent manipulation was a blessing in disguise. And very much so. Serving to see the company, its management team, under that proverbial microscope. Drawing attention. The truth emerging. All to the good. Reality coming to the fore.
That company management has proceeded, always, in the best interest of shareholders. That we're not talking OTC typical. Not talking a fly-by-night operation. Not talking pump and dump. Nor any other self-serving such. There being no SEC investigation afoot. The rest of it. Blatant mis/disinformation. The truth emerging.
The manipulation being a one-shot deal. Cannot be repeated for obvious reasons. The reality of the company, its management team, cemented. A blessing in disguise.
Our coming trading week poised to see a host of formal announcements. Numerous material company events. Inclusive of a likely new marketing deal entered into with a top-tier public company. The type of contractual arrangement that has seen operations grow/expand as rapidly as they have over recent periods.
Coming sessions to play witness to the company and market level, both, achieving new heights. As management gets serious about leaving the BB behind. Gets serious about permanently overcoming being grossly undervalued in pps terms.
Our coming trading week to open strong. To close strong. Far in advance of our recent High of $0.2851. Where market level would currently be were it not for the earlier 'interruption'.
The technical. The fundamental.
The painting of a welcome picture.
Onward and upward.
Dreamgirl,
Well said...
"Virtual - keep dreaming BIG because spongtech is going to be HUGE!!!!!!!!!!!!!!!!!"
"Just for the fact it's a "green" company. Personnally I hate plastic bottles and will pay more for products to help save the Earth. And the fact our President is all for "going green" can only help us. I've seen stocks fluctuate based on what he speaks about."
Management getting the job done. And I, too, am averse to plastic containers in general. Supportive of a 'green' lifestyle as much as practicable. Additionally supportive of the current Administration. The clear thinking. Future generations being always considered.
Hale, et al….
The simplest reality being that the company's products are out there. In the marketplace. Being well-received. No amount of mindless, self-serving chatter going to alter said reality. Stating it plainly. The other consideration being the stock. The underlying venue. The associated mechanisms/machinations. The fact of our latest Close representing a gross undervaluation situation relative to company true value circumstance.
Time to achieve the senior listing. With SPNG being covered by Reuters Company Research…
'Spongetech Delivery Systems, Inc. (SPNG) 18 Jun 2009'
'Performance Rating: Outperform'
And...
'As used in this report, "Outperform" designates the companies that rank in the top 30% of companies covered by Reuters, "Neutral" designates the middle 40%, and the bottom 30% are designated "Underperform".'
And speaking volumes. Saying all same has to/needs to. The input of worthwhile analysts. And, yes, I've read the entirely of the analysis. Fundamental. Technical. Value. Operational. All of it. With the company's latest annual filing due in late August. My being willing to wager that, shortly thereafter, we'll be seeing 'Buy' and 'Strong Buy' ratings from a number of top-tier ratings services.
With raw share structure numbers telling never the full story. The crux being the freely tradable shares available to hit market level at any particular time/moment. And on that front we're good and getting better. The Authorized increases over time being about future considerations. The senior listing. The possibility of a hostile takeover attempt. SPNG being a choice takeover target. A simple need of room to maneuver. Should, for example, a merger or acquisition be the eventual route to leaving the BB behind. An exchange of stock. Value considerations relative to pps circumstance at the relevant time. The Authorized increases being not about decreasing shareholder value but, rather, about increasing same. In line with ongoing buybacks/retirements/cancelations. None of it being rocket science. Simply ignoring the incessant mindless yammering of our resident peanut gallery on the subject. A management team to be wholly proud of. Getting the job done. In a tough environment. Global economic reality. Trading venue reality.
And no. There came no official response to the recent manipulation. And we do have Mr. Moskowitz referencing market cap. circumstance during the Conference presentation...
(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 a High of $0.2851. Market level being of obvious great import to the bigger picture. The company being taken seriously by the Conference attendees, et al. And, so, why no formal addressing of the manipulation? Countering the criminality?
Management choosing obviously to simply let the dust settle. Well realizing that with what's in the PR pipeline that our recent High of $0.2851 will, very soon, be far advanced upon. As the SPNG bigger picture becomes ever more clear to all involved/interested parties. And from the Conference additionally...
(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. ]
The Q&A exchange confirming for us that we were right. When, that is, we earlier reasoned that the recent NASDAQ meeting would see management appealing to the common sense of the relevant Council. With official word on the subject to soon arrive based on word from company IR. What exactly the senior listing plan is. The outcome of the meeting.
But, certainly, management sees truly massive pps appreciation over coming weeks and months. The wholly understandable. And starting with our coming trading week. The technical telling the to-smile-about story. The fundamental additionally. What's, very much, in the PR pipeline. Management having smartly circumvented the manipulation fallout. Holding off on the industrial strength PR front until pre-manipulation trading dynamics returned. As they now have. The right overall sentiment in evidence. Common sense, once again, prevailing. Our coming trading week poised to see our recent High of $0.2851 far advanced upon. Market cap realities indeed.
(Mr. Metter again.)
"The time has come for us to move off the Bulletin Board."
As Dreamgirl so rightly said...
"Virtual - keep dreaming BIG because spongtech is going to be HUGE!!!!!!!!!!!!!!!!!"
And indeed.
None of us able to say it any better.
Targeted gross revenues of $500m plus. Giving P&G a run for its money.
Our coming trading week poised to put smiles on the faces of the clear-thinking.
Plain and simple.
PM,
Thank you.
And you're welcome.
You have a pleasant weekend, also.
Real…
Not helpful indeed. But the way it seems to be based on the reply. The timing. With a need of bearing in mind that we're talking about company IR. And does same have a firm grasp of the realities?
Nothing is graven in stone, as yet. Only that which 'seems' to be the case. Confirmation being required.
With it being entirely factual that management's ongoing overriding intent has been to brand the company...
'Further, we intend to brand our Company globally as America's Cleaning Company TM.'
'SpongeTech'
'SPNG'
The marketing reality being there. Branding being the key. Cementing the reality in people's minds. Consciousness, A huge consideration. A change midstream being hugely counterproductive.
Having to wait and see.
And yes.
The 'fifth letter' D = A new issue of an existing stock. (Often the result of a reverse split.)