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Ok so you agree that we do not know yet. So in my opinion we all need to stop jumping to conclusions, and just wait for it to play out. I am not saying it will happen, but also am not saying it will not happen. I think we need to wait for all the facts to surface before we make statements as if they are facts.
Just out of curiosity, how do we know there is not a buyout offer?
Puppy, i keep hearing that it is the SEC rule, can you post a link so i may read it my self?
Oh good Titan, you are finally starting to see what is going on here
I guess you dont follow football, or just dont realize where the Superbowl is going to be played this year.
"The Dolphins are not even a big draw to begin with...lol...
again more bs news."
Except for the fact the price was already agreed on at .5 and some warrants at .01
I dont think the 8k really means anything. They restated what they read in the NY Post. SEC already saw those articles
Please repost with full links
No they said the wire transfers came from RM. So there was never any impression that it came directly from SPNG
My question is, if they found it troubling why did the accept the cash in the first place? They seemed ok with it when they thought they were going to get to keep the money
Slit, welcome to ihub. Please check out the ibox above to answer your question.
i think a big possibility of low volume is UBSS has been put in 'detention' by SEC and can no longer sell their fake shares.
Try a decent city Detroit is dying no one lives there there are miles and miles of abandoned houses.
I think we all know the answer, her story came from these boards, that was her great DD
Ha quote of the day: "I'm impressed and confused simultaneously."
Think about it like this the company sells those shares to the shorts for $1 each, which would be a bargain, because if a squeeze happens their average pps will be much higher then $1. Then they do a tender offer for .60. We get .6 a share and the company gets to keep the .4 for further growth. That seems like a win for everyone
I think it is a possibility, there are lots of possibilities here in spngland. I think the tender offer would be more then .1 my guess is it would be between .6 and 1.5. However this is all just speculation, perhaps more of what i want to happen then what will happen
Yes i think it is very likely that the AS increase was to offer the shorts a way out without having to buy the shares off the market. However i believe if Management reaches a deal with the shorts it will not be cheap, then i would expect a tender offer soon there after.
The question is not relevant because most companies are not as transparent as Spongetech and probably never told their share holders they were under investigation.
ha what would happen? A mass of buys would go in at .04 and .05
You are correct, they did that with QVC, walgreens and CVS....but you already knew that, you just chose to forget it for a second to try to fool others
TRT, please explain Reg-Sho if the company has been diluting? If it were the company selling shares wouldn't their be plenty to go around thus no FTD?
I never agreed that retail was already out. Not one person i know in real life has sold a single share yet. This myth that all retail is out is only caused by people posting they sold which could be true or not, or those people never held in the first place.
As far as who is selling now, i dont know, nor do i care, i am here not selling...
That is because their average short is around .09 they can cover now for little or no loss, they are taking advantage....
"I spoke to one market participant that wishes to remain anonymous… this “participant” seemingly knows everything that goes on in the microcap markets; he says that prominent writers are “used by the shorts to create controversy, drive the stock down and get it halted by the SEC”…"
http://www.hotstockchat.com/spongetech-line-in-the-sand/
So your logic is because the NY Stock Exchange is in NY and the NY Post is in NY, that gives the NY Post instant credibility?
Just out of curiosity how are number 2 and number 5 different? Because if there are only 4 issues i am going long but 5? I would sell tomorrow
"2. a increae in o/s causing dillution"
"5. managment lieing to shareholders, saying a buyback while increasing the o/s"
Been away from the board most of the day, can someone give me a quick rundown on Sprott?
Interesting take on the #1 board on ihub...
Funny, once you back them in to a corner and their only way out is solid evidence they disappear, it is like magic
The average price this stock was shorted at was .09. Why do you think all the buying once we were under that? Shorts are in the red right now and they are trying desperately to get out of it. I think you need to watch Cramer's video on market manipulation. Every tactic he explains has pretty much happened here in SPNG Land. But yet they still can not seem to cover as evidence by REG SHO:
Link to video:
That is ridiculous. I know so many people who have had issues with taxes, and most of them are great people. Just because someone had some disagreements about taxes 7 years ago does not make them any more or less capable of running a company.
Jim, Do you have an update from Walgreen's corporate for us?
What makes that article even more interesting is that the lawyer is under investigation by SEC now, hmmm all his credibility just went out the window....
No problem, but i think SPNG is a great learning tool. I have learned more being in this stock for 3 months then i have from all my other 'big board' stocks.
No need to call, just go to link below and click on 'Find in store' put in your zip code and it will tell you which stores near you have it in stock...
http://www.walgreens.com/store/catalog/Clean-%26-Polish/Car-Wash-System---3-Pack-Combo/ID=prod5780522&navCount=0&navAction=push-product
Second that, i bought a car sponge at walgreens then went across the street and found them at CVS. Did not buy from CVS just wanted to make sure they were there...
Because it was news that we already knew, and there are some out there that sell into every PR.
Last time it was near that number (2.7) it was to purchase Dicon. Could there be another purchase in the near future, possibly a Nas shell?
Power is that really you? Did someone get your account pass?