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Agreed.
Thanks,great post.
1,100,000 shares just were bought at 0.0265 at 8:48 this morning.
hypesmasher, Well said.
I agree with you.
8K is out.
SPNGE.OB or SPNG.PK tomorrow? Thanks.
Wow! New high!!!
I agree with you.
Yes it is.
Tomorrow it looks like that LFBG will open at 0.028 - 0.029 based on today close price 0.042-0.044.
We have a stock that will soon post 3rd qtr results that should blow the socks off anyone looking for 100%+ growth selling at a p/e of about 1.5.
No I take that back because I expect eps to be greater than $0.50 on trailing 52 week numbers after 3rd qtr results are posted.
Why the delay in somebody big wanting to take a position in this stock is the biggest mystery of this decade. But todays volume says just that.
Sure the chart has shown constant accumulation for at least 6 months but that accumulation has mostly been retail,,,until today.
This stock should already be selling at $2 which is a modest 5x current eps but even after today the current p/e ratio is still under 2.
Now believe me since the new buyers today picked a terrible market day to start buying large amounts of stock this should tell us they want a really big slice at a really cheap price.
And who they are is not as important as they will be back. Maybe not tomorrow as they would probably like to buy some more cheap like they did today.
However today they made their presence known so they will have to soon make their intentions known as well.
http://www.investorvillage.com/smbd.asp?mb=11200&mn=1015&pt=msg&mid=7992808
Great post. You are almost right.
SpongeTech client records spring leak
By KAJA WHITEHOUSE
Last Updated: 1:53 AM, September 25, 2009
Posted: 1:53 AM, September 25, 2009
Someone appears to be pulling the strings on the biggest clients of New York sponge maker and US Open sponsor SpongeTech.
In its third-quarter SEC filing, SpongeTech said that six customers "accounted for 99.4 percent of sales" -- nearly $31 million in revenue -- for the first nine months of its fiscal year.
The firms are SA Trading Company, US Asia Trading, Dubai Export Import Company, Fesco Sales Corp., New Century Media and Walgreens.
All but one of those companies, Walgreens, is hard to track.
Their addresses cannot be verified, phone numbers were disabled within hours of calls from The Post, and the Web sites for three of the companies were created on the same day two weeks ago.
On Wednesday, at The Post's request, SpongeTech provided addresses, phone numbers and contacts for its largest customers through its outside investor relations firm, Lippert Heilshorn & Associates.
But efforts by The Post to verify the information fell flat.
Take, for example, Dubai Export Import Co. According to the document SpongeTech provided, it is located at 235 Peachtree St. NE, Suite 400, in Atlanta.
"They don't have an office here," said Julie Gudger, vice president of sales for Crown Office Suites, which leases offices in that building, including Suite 400. Gudger also had never heard of Ahmed Elsayed, the contact SpongeTech provided.
Gudger dismissed the notion they might have a virtual office. "I would know," she said.
A call yesterday to the Dubai Export Import number that Spongetech provided led to a receptionist who took a message for Elsayed. Within a few hours, the number was "disabled."
The Dubai Chamber of Commerce and Industry says it has no record of Dubai Export Import Co. Ditto for the Dubai Department of Economic Development, which issues licenses to companies doing business in Dubai.
Calls to the phone numbers SpongeTech provided for the other four companies also led to receptionists who took messages. They were all disabled shortly afterwards.
Misty Ryals, a receptionist for Select Office Suites, which rents out offices on the 5th floor of 116 W. 23rd St. in Manhattan, where SpongeTech says Fesco is located, said she has no record of Fesco Corp., nor of Jim Rogers, the contact SpongeTech provided.
SpongeTech said SA Trading is located at 111 NE 1st St., 3rd floor, Miami. A woman who works for Downtown Miami Partnership, which manages the property, said, "We have no other business on the 3rd floor but Excellent Executive Offices."
Carlson Ortiz, who answered the phone at Excellent Executive Offices, said, "I've been here for two years and I've never heard of that name," when asked about SA Trading.
Web sites for Fesco, Dubai Export Import and SA Trading also shed little light. All three sites were created on Sept. 10, 2009, using Domains by Proxy, a service that blocks information about the site's owner.
http://www.nypost.com/p/news/business/spongetech_client_records_spring_dw5hyBpvNxFyvS96Xmi5bN
Company Overview:(OTCBB: ROSV)
Rostock Ventures Corp. is an exploration stage company engaged in the acquisition and exploration of mineral properties . The company acquired a 100% undivided interest in a mineral claim known as McVicar Lode Mining Claim (the “McVicar Claim”) comprised of one located claim of 20 acres located in the Yellow Pine Mining District, Clark County, Nevada.
The McVicar Claim is located within Sections 11, 12, 13 and 14, Range 57E, Township 25S, at the easternmost portion of the Yellow Pine Mining District of Clark County, Nevada. The McVicar Claim may be accessed by traveling south from Las Vegas via Interstate Highway 15 for approximately 27 miles, then traveling northwest along Highway 161 for approximately ten miles to Goodsprings. The McVicar Claim may be accessed from Goodsprings by traveling west by gravel road for approximately six miles, and then south along a poor dirt road for approximately four miles.
The McVicar Claim is situated at the northern end of the Sheep Mountain Range, a southerly trending range of mountains with peaks reaching an elevation of 4,184 feet. The McVicar Claim covers the northerly and the southerly facing slopes of an east-westerly trending ridge called the Bonanza Ridge. The local topography is moderately steep sloping with relief in the order of 400 feet from the valley floor. The area is typically desert climate with relatively high temperatures and low precipitation. Vegetation consists mainly of desert shrubs and cactus. Sources of water should be available from local valley wells.
Phase 1
The Phase I exploration program on the McVicar Lode Mining Claim as outlined in the writer’s report Dated December 26, 2007 has been completed. The work was performed bu Multi Metal Mining Corp. and consisted of trenching and sampling over the known mineral zones on the McVicar Lode Mining Claim.
The McVicar Lode Mining Claim is comprised of one lacted claim with an area of 30 acres located in the Goodsprings (Yellow Pine) Mining Distric situated within the southwestern corner of the State of Nevada, USA. The McVicar Lode Mining Claim covers some former exploratory workings on a mineral showing.
The McVicar Lode Mining Claim is also situated on the easternmost portion of the Yellow Pine Mining District southern Nevada. Although less famous than many of the other mining districts of the Great Basin it nevertheless ranks second only to Tonopah in total Nevada lead and zinc production. During World War I this district was one of the most productive in the west, but by the end of World War II only a few mines remained in operation.
The region is known for its historic production of lead, silver and gold.
The favorable host rock for the indicated mineralization on the McVicar Lode Mining Claim is indicated to be a limestone. Although information on the mineralization of the McVicar mine is not known, the mineralization at the Root Mine within one mile to the northeast is reported as hydrozincite, calamine, and cerussite; galena occurs as residual pods in masses of cerussite. Production from the Root mine is reported as 3,896,057 LB zinc, 858,055 LB lead, 20,783 oz silver 44,002 lb copper and 27 oz gold.
As recommended in the writer’s December 26. 2006 report on the McVicar Lode Mining Claim, the objective of the Phase I exploration program was to trench and sample the known mineral zone to determine the geological controls and the nature of the mineralization. The trenching and the sampling were successfully complete by Multi Metal Mining Corp. whereupon the writer was provided with the exploration results upon which this report is based.
In completing the recommended Phase I program two trenches were established on the McVicar Lode Mining Claim in location of mineralization and as indicated on the accompanying map. The measurements of the Trench I and Trench II on the McVicar Lode Mining Claim are 30 feet long by three feet wide and two feet deep, and 35 feet long by three feet wide and two feet wide respectively.
Three grab samples were taken; one from the dump of an exploratory working of unknown dimensions, and one each from the two trenches. The samples were submitted for assay to Assayers Canada Laboratory in Vancouver, Canada. The samples were analyzed by a Multi-Element ICP-AES Analysis with the results.
Based on the results of the Phase I exploration program on the McVicar Lode Mining Claim, the writer concludes that the program was successful in that the mineralization and the sampling results from the dump of the McVicar Lode Mining Claim returned encouraging assay results that are indicative of potentially economic zones of mineralization. The dump sample showing mineral values of 10.25% Zn indicates a mineral zone with significant zinc values that was intersected by a tunnel. Lower zinc mineral zone samples taken from indicated mineral zones exposed by the two trenches suggest that parallel zones of structurally controlled mineral zones may occur in the area.
The Phase II exploration program on the McVicar Lode Mining Claim as outlined in the writer’s report dated December 26, 2007 has been completed. The work was performed by New Zone Explorations and consisted of a magnetometer survey and a VLF-EM survey covering the entire McVicar Lode Mining Claim. The program was modified to substitute the geochemical survey, as originally proposed, to a VLF-EM survey. The modification was based on the surface rock exposure and limited soil horizons that would be required to provide an effective evaluation of soil analysis.
The McVicar Lode Mining Claim is comprised of one located claim with an area of 20 acres located in the Goodsprings (Yellow Pine) Mining District situated within the southwest corner of the State of Nevada, U.S.A. The McVicar Lode Mining Claim covers some former exploratory workings on a mineral showing.
The Yellow Pine Mining District, although less famous than many of the other mining districts of the Great Basin, nevertheless ranks second only to Tonopah in total Nevada lead and zinc production. During World War I this district was one of the most productive mineral producers in the west; but by the end of World War II only a few mines remained in operation. The region is also known for its historic production of lead, zinc, silver, and gold. The favorable host rock for the indicated mineralization on the McVicar Lode Mining Claim is indicated as a limestone. Although information on the mineralization at the McVicar Mine is not known, the mineralization at the Root Mine within one mile to the northeast is reported as hydrozincite, calamine, and cerussite; galena occurs as residual pods in masses of cerussite. Production from the Root Mine is reported as 3,896,057 pounds of zinc, 858,055 pounds of lead. Rostock Ventures Corp.
LEADERSHIP
Collin D. Sinclair, CEO, President
Wow! Thanks for your OTCReporter.com.
That's a great website.
I think this chart is more clear.
I did the same thing yesterday.
Thanks.
Do you think what price ROSV should be after we got this new PR.
Thanks.